Ledger Nano S Review

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Ledger Nano S Wallet

The incredible surge in cryptocurrencies, a sector that counts for more than $760 billion in market capitalization, is understandably accompanied by a strong need for security. With rising prices, cryptocurrencies have become a popular target for hackers. In line with these developments, the French startup Ledger started to offer a range of high quality products to manage and protect your bitcoins and altcoins with ease. In 2017 the company set record sales and produced over 1 million Ledger Nano S hardware wallets.

Ledger Nano SThe best way to protect your crypto-funds is by making use of an offline hardware wallet (also known as a cold wallet). If your investments stack up, it becomes indispensable. The Ledger Nano S stands out because it features a handy screen. This enhances security because it keeps the passphrase away from your phone or computer which can easily be hacked or compromised. The packaging of the Ledger Nano S comes with:

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  • Ledger Nano S
  • 1 micro USB cable
  • Cardboard to write down your recovery phrase
  • Ledger Nano S opinion on the award

Out of security concern, never buy a Ledger product on Ebay or Amazon. Because this product is intended to keep your precious funds from any harm, you want the highest level of security and integrity. Because of this, we highly recommend you to buy the Ledger Nano S from the official store only.

The Ledger Nano S will cost you just 79 Euros (97 USD) + VAT which makes it the cheapest hardware wallet with screen on the market. If you are on a small budget we advise you to buy the Ledger Nano without the screen.

Ledger Nano S Safety Features

Can I put large amounts of crypto into a device with a relatively low price tag? Let’s find out what the Ledger Nano S is equipped with.

Safety buttons

The Ledger S is equipped with two buttons, which increase the safety of the tool. In order to confirm a transaction on the Ledger you will have to manually press two buttons at the same time. Because of this no hacker will be able to make a payment without laying his hands on your Ledger.

PIN code

The Ledger Nano S will also ask you to create a PIN code. Without this PIN code, nobody will be able to issue a payment in Bitcoin or any other supported cryptocurrency.

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Offline security

If you store your private keys online or just on your computer, you can never be 100% secure. Hackers find always new ways to get what they want. With an offline cold wallet your cryptocurrencies will be completely secure from any hacker.

Nano S screen

What makes the Nano S screen so important? When you activate your Nano S, the wallet will generate a passphrase allowing you to back up your Ledger. With online wallets the back-up phrase will appear on your screen which is not completely secure if a hacker has access to your smartphone or computer.

Sealed packaging

The box containing your Ledger Nano S will be sealed before shipment. If the seal has been broken or tampered with, we advise you to immediately contact LedgerWallet.com. Just to be sure that no one got access to your hardware before you add any funds to it.

Support

As of now Ledger Nano S supports (among others) Bitcoin (BTC), Bitcoin Cash (BTH), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and other altcoin. They are also one of the few wallet providers who continue to add support for digital currencies with a major ‘fork’ such as Bitcoin Cash. This makes it easier for users like you and me to claim your new tokens.

Conclusion

PROS
Affordable hardware wallet at 79 EUR (97 USD)
Equipped with a handy screen
More secure than exchange wallets

CONS
*** Out of stock – Next batch shipped out at March 27 ***
Unable to customize your passphrase (24 words of back-up)
Comes with micro USB cable, while USB Type-C is taking over

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