The most popular hardware wallet.
Do you hold a lot of altcoins and worry about their safety sitting on a cryptocurrency exchange? The Ledger Nano S is compatible with the highest number of cryptocurrencies of any hardware wallet on the market today, so you can rest easy knowing your altcoins are safe!
What is a Ledger Nano S?
The Ledger Nano S is a Bitcoin, Ethereum and Altcoins hardware wallet. The device is built on robust safety features for storing cryptographic assets and securing digital payments. You can easily connect the Ledger Nano S to any computer. The Ledger Nano S uses a secure OLED display to double-check and confirm each transaction, using the buttons located on the side of the device.
Ledger Nano S First impressions
The Ledger Nano S is a clean and sleek device. It has a strong metal cover that protects the device's screen. The screen on the Nano S is used to navigate your device, and to view your private key and any cryptocurrency addresses that you send coins to. The Ledger Nano S has 2 buttons on the top of the device which lets you switch through different cryptocurrency wallets.
Ledger Nano S security features
Owning your private key
The Ledger Nano S allows anyone to have complete control over their cryptocurrencies. Having a Ledger Nano S means you have access to a complete permissionless way of transferring money. You own the private key with the Nano S, a unique key to a digital vault.
Offline recovery phrase generation
Our favourite security feature of the Ledger Nano S is the offline generation and storage of the recovery phrase, meaning that at no time is your private key or recovery phrase ever online where it could become compromised.
Nano S incorrect pin number
If someone steals your Ledger Nano S you don’t have to worry! The device will wipe itself if someone guesses the pin code 3 times incorrectly. It is near impossible to guess a 4 digit pin in 3 guesses, but if you want to make it even harder, you can set an 8 digit pin. If you happen to forget your own pin after 3 guesses and the device is wiped, you can use your recovery phrase to restore your device.
The Nano S recovery phrase
The main importance of the Ledger Nano S is the recovery phrase you generate offline using the wallet. This recovery phrase is a 24 word seed which is used to restore your cryptocurrency balances onto a new wallet if your hardware wallet is lost, stolen or breaks. Considering the importance of the 24 words, we suggest grabbing an indestructible offline backup solution such as the Billfodl, to couple with the security of the Ledger Nano S Device.
Ledger offers an amazing software suite, Ledger Live, to connect and manage your secured cryptocurrencies. The Ledger Live is used to set up your device, show account balances, add or remove different cryptocurrencies to your Ledger Nano S, and send or receive cryptocurrencies from your wallet.
Ledger Nano S supported coins
The Ledger Nano S supports an uncountable amount of cryptocurrencies, and the list is still growing! Check out the official list on the Ledger Website.
Bitcoin, Ethereum and the most well known cryptocurrencies
Most well known coins are supported in the Ledger Live software, such as Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, Dash, USDT. Other cryptocurrencies may need a different wallet software to be compatible with the Ledger Nano S.
For most ERC20 tokens, you will need to use a third party software package such as MyEtherWallet or MyCrypto to connect to your token on the Ledger Nano S.
Some cryptocurrencies will need you to download a specific wallet to use the Ledger Nano S, as Ledger Live does not offer native support and the cryptocurrency is not an ERC20 token. For instance IOTA requires you to use a wallet called Trinity and NEO requires the NEO Wallet.
Ledger Nano S Review
Ledger Nano S - PRE ORDER
My hardware wallet arrived within days. A bit upsetting to find out that CoinStop offered 30% just days after the purchase. LOL
Good in theory but not the easiest way to store and manage Crypto. Not enough storage space. having to delete and then install each app for every coin every time you want to trade seem ludicrous.
Payment, order, delivery went well.
Not tech savvy so have not used it yet, got it to start to learn, but know how these things never go well for me, but when I get in the right frame of mind, will will give it a go.