I think by now you would have read enough news about crypto exchange hacks and banks eating up your money.
If you haven’t, I think you are missing out big time.
But I believe you are one of those people who know about the uncertain times we live and have finally decided to be his/her bank !!
I welcome your this stance, and I would love to assist you in knowing about one of best crypto hardware wallets this industry has ever produced.
So in this guide, I will touch upon:
- What Is Ledger Nano S?
- Getting Started: Unboxing Ledger Nano S?
- Ledger Nano S Features
- Ledger Nano S UI & UX
- Ledger Nano S Supported Coins
- My Personal Take-Ledger Nano S Review Reddit: Is Ledger Nano S Safe?
- Ledger Nano S FAQs
Review Of Ledger Nano S
What Is Ledger Nano S?
Ledger Nano S is the flagship product of Ledger SAS company which is based out of France and is serving the cryptocurrency users by securing their digital assets such as BTC, ETH, etc
Ledger Nano S-multicurrency wallet has played a massive role in democratization as well as mass adoption of hardware wallets.
For those of you who don’t know:
Ledger Nano S started to get attending from the cryptosphere in 2016 and quickly became the most reliable choice for millions of crypto HODLers around the world.
This a fact and nobody should deny it.
Of course, like any other product, Ledger Nano S has also had its fair share of criticism. But the company has done well in developing and improving their product.
But well this could be just my opinion due to my bias of being a customer of it, but you should too have your opinion.
That’s why next up, I am going to shave about all the features of Ledger Nano S so that you can decide for yourself and have an informed opinion on it.
Let’s get started:
Getting Started: Unboxing Ledger Nano S?
I still remember how delighted I was to receive my first Ledger Nano S and the sheer joy of unboxing it.
A lot has improved in the software and hardware side of the device, but it looks it still is the same. Ledger Nano S looks like a small flash drive like device in your hand which is 56.95mm x 17.4mm x 9.1mm in size & weighs meager 16.2g
Inside the shipped box you will find these items:
- 1 USB hardware wallet
- 1 USB cable
- Instruction manual
- Key chain
- Recovery seed sheet
Most importantly, it is made of steel which gives it much need durability, and it comes in 6 different colors from which you can pick the right for you !!
Ledger Nano S Features
Next up is its features.
Where do I start from because Ledger Nano S, though looks like a small device but does a lot of stuff in the background!
Nano S comes with an OLED screen where you can see your public addresses and has two buttons on the side to help you navigate on the screen.
It is a battery-less device which gets ON only when you have plugged it with your desktop or mobile which is in a way suitable for security.
You also get the standard features like PIN code security, Seed back-up, Passphrase protection. All this with a secure element built-in Ledger Nano S device where your private keys are stored.
From the secure element, your keys never leave the Nano S device even if you connect it with a malware-infected mobile or desktop.
Ledger Nano S cannot be used wirelessly. You will always require an OTG or USB to use it with your desktop or mobile devices. Furthermore, Ledger Nano S is only compatible with Android mobiles.
Ledger Nano S Supported Coins
Ledger Nano S supports 1000+ cryptocurrencies including BTC, ETH, and many other cryptographic tokens.
Previously, they were supporting ERC20 tokens with third-party apps like MyEtherWallet. But now they have made their software app, i.e. Ledger Live competent enough to do the job for you.
As of now, one can use 10+ coins at the same time on the Ledger Nano S device. For other currencies, you can install/uninstall apps through your Ledger Live app to manage more coins.
Don’t worry, uninstalling will not cause you to lose your coins. It just means, you need to re-install the relevant app to use your coins back, and this is a one-click process from Ledger Nano S
Want to know more about supported coins, check out our article on Ledger Nano S supported coins !!
Ledger Nano S UI & UX
It gets even better from here:
Ledger Nano S also gives you access to Ledger Live, which is the desktop or mobile interface for experiencing its full potential. For the uninitiated, Ledger Live is the most intuitive desktop or mobile apps you would have ever used.
Ledger Live allows you to manage your 1000+ cryptocurrencies without letting your private keys to leave the hardware device.
Furthermore, the exterior design is quite robust and looks fancy to hold. You also get the option of choosing from 6 different colors of Ledger Nano X.
Ledger Nano S Hardware Wallet Review Reddit: Is Ledger Nano S Safe?
Of course, Ledger Nano S is a safe wallet for cryptocurrency storage and why would on earth I would recommend you something unsafe.
This is the most sought after cold storage your cryptocurrencies can get at a reasonable price. If you are serious about the long term safety of your crypto assets, you should buy Ledger Nano S.
Nano S is any day better than other software wallets and even safer than paper wallets.
Why would someone rely on upon paper wallets in 2019?
They are cumbersome to use, and you need to use different wallets for different currencies which if exposed, can lead to loss of your funds.
Furthermore, if you check for review of Ledger Nano S on reddit, you will find all sorts of good comments where people were have dodged major losses by HOLDing their currencies with Ledger Nano S.
Lastly, for long term crypto believer spending a few bucks on the security of your digital assets shouldn’t be a problem, and that’s I even recommend having multiple hardware wallets.
But first, you should atleast have one for now !!
Ledger Nano S FAQs
- Where to buy Ledger Nano S?
Buy Ledger Nano S only from the official Ledger site and avoid being scammed. In the past, users who have bought hardware devices from Amazon or eBay have been dupped. So be aware don’t be the dupped guy !!
- Ledger Nano S Promo/Discount code?
There aren’t any promo or discount codes for Ledger Nano S as of now, but you can buy Ledger Nano S for a 50% discount if you opt to buy Ledger Nano X too 🙂 Check the deal here.
Lastly, don’t be frugal buy yourself a hardware wallet
Now you tell us: How did you like our Ledger Nano S’ security review? Where do you keep your cryptocurrencies? Are you using any hardware wallet already? Let us know in the comments below.
Don’t forget to share this with your friends who are on a hunt to buy hardware wallets for their cryptocurrencies !!
Hey there! I am Sudhir Khatwani, an IT bank professional turned into a cryptocurrency and blockchain proponent from Pune, India. Cryptocurrencies and blockchain will change human life in inconceivable ways and I am here to empower people to understand this new ecosystem so that they can use it for their benefit. You will find me reading about cryptonomics and eating if I am not doing anything else.