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Hardware

Ledger Nano S

The Ledger Nano S is one of the most popular hardware wallets. For $68 USD, it is considered to have a fair value. Ledger offers mobile and desktop app as well.
PRICE:  $
59
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General Information

What should you know about this exchange?

Overview

The Ledger Nano S is one of the most popular hardware wallets. For $59 USD, it is considered to have the best value. Ledger hardward wallets are equipped with a 'smart-card chip'. It is the same kind of chip used in bio-metric passports.

This chip is more tamper resilient making it extremely difficult and costly to hack compared to chips from other hardware wallets. Ledger also runs on its own secure operating system. The wallet now supports over 1100 cryptocurrencies including Bitcoin, Ethereum, and Ripple (XRP).

The Nano S is designed to be a simple to use as possible. It has two buttons and all actions are visible on the device's screen. A 24-word recovery phrase is provided during the setup of the device to restore account if lost or stolen.

Ledger Nano S

Pros

  • Beginner-friendly and easy to use.
  • Highly secured - 100% cold storage.
  • Great value for money.
  • Mobile application available for Ledger Live.
  • Desktop application is available for Ledger Live.

Ledger has built their reputation since 2014 and proved to be well-established.

Ledger Nano S

Cons

  • Not as mobile friendly as other Ledger's devices.
  • Not an open-source.

You cannot have too many apps installed in the same time.

Additional Information:

Features, security, and more.

Is

Ledger Nano S

safe?

Transactions requiring the user to be verified offline by physically pressing both buttons and the same time. Also Ledger requiring a PIN code on setup, offline storage, backups and a recovery phrase.

Ledger Nano S

Features

Ledger offering wonderful mobile and desktop applications. You can safely manage your crypto assets while keeping your private keys secured offline with Ledger Live.

Supported Cryptocurrencies

Manage 23 coins and more than 1250 ERC-20 tokens directly in Ledger Live.