The Ledger Nano S hardware wallet is one of the best and most secure Bitcoin wallets on the market. So whether you are into crypto and looking to find your best first wallet or if you already hold coins and want to move them to a secure wallet, the Ledger Nano S might be the perfect solution for you.
The Ledger Nano S is a Bitcoin, Ethereum, and Altcoins hardware wallet it is designed for the secure storage of cryptographic assets and the secure transaction of digital payments.
It easily connects to any computer (USB) and incorporates a secure OLED display. Every transaction can be double checked and confirmed with a single tap on its side buttons.
Ledger Nano S includes Bitcoin, Litecoin, Ethereum, and Ethereum Classic companion apps, and other blockchain-based cryptocurrencies, so you’re covered when holding the most popular and significant cryptocurrencies.
How secure is the Ledger Nano S?
The Ledger Nano S is without a doubt the most secure hardware wallet I’ve tested, and it holds the #1 spot on my list of secure wallets by far.
The Nano S uses two physical buttons to protect you from accidentally sending cryptocurrency. The first button is used to confirm transactions, and the second button is used to cancel them.
If you try to send cryptocurrency when your wallet is not unlocked, the Nano S will display a warning message telling you to check your settings. The Nano S also supports something called a passphrase, which is not the same as a PIN code. The password is a 24-word phrase that you can set when you set up your wallet. The passphrase is used to secure your wallet when you are not using it, so in case your device is stolen, it cannot be used without the passphrase. You can also create a 24-word recovery phrase, which allows you to restore your wallet if you lose it.
What comes in the Ledger Nano S box when you order it?
1) The Ledger Nano SA USB cable for connection to your computer
2) A key ring and a cord
3) A recovery sheet to write down the seed sentence for the backup
4) A card with the 24 word seed expression
The Ledger Nano S Features and Specifications:
Display: 128 x 32 OLED screen Connectivity:
USB Operating System: Google Chrome App
Supported cryptocurrencies: Bitcoin, Ethereum, Ripple, Litecoin, Dash, Zcash, Stratis, Dogecoin, Komodo, PoSW, ARK, Expanse, UBIQ, PIVX, Vertcoin, Viacoin, Stealthcoin, Namecoin, NEO, Stealthcoin, Bitcoin Gold, Stellar, Hcash, Digibyte, Bitcoin Private, Bitcoin, Hcash, Digibyte, Bitcoin Private, Bitcoin, Trust Diamond, Bitcoin Atom, Ravencoin, Vechain, Pura, Groestlcoin
How to backup the Ledger Nano S wallet?
To back up the Ledger Nano S wallet, you must use your 24-word recovery phrase. The Ledger Nano S recovery phrase is the only way to access the wallet. Therefore, write the 24-word recovery phrase on the recovery sheet provided in the box when you received your Ledger Nano S, necessary.
To write the 24 word recovery phrase, you must enter the correct order of the words in the order they were provided on the recovery sheet. Therefore, when you write them, make sure you write them in the correct order.
Important: The Ledger Nano S recovery phrase should be written down and stored in a safe place so that it is not lost. Never give it to anyone. Beware of scammers and phishing attacks via e-mail that may ask you for it, Ledger never asks you for the seed code.
Make sure it is stored safely. This is the only way to recover your account if you lose your Ledger Nano S or get a new device. For example, suppose you lost your Ledger Nano S, and you didn’t write down the Ledger Nano S recovery phrase and didn’t transfer your cryptocurrencies to another device or wallet. In that case, you will lose your cryptocurrencies permanently. I recommend using a seed plate that you can buy at the Ledger Store or directly from Amazon. What I like about these seed plates is that it helps protect your 24 words from water or fire incidents.
What is Ledger Live?
The Ledger Live software is the bridge between your Ledger hardware wallet and the Internet. It allows you to manage your cryptocurrency through your ledger wallet, wherever you are. With hardware wallets, you have to plug it into your computer to view your cryptocurrency. With Ledger Live you can access your wallet on your computer, or on the go via your phone. It is relatively easy to use. The software only needs to be installed, and then you’re in business. Even if you have never used a ledger wallet before, you can figure out what to do. It’s pretty simple. Due to the simplicity, you no longer have to worry about using different wallets for different cryptocurrencies. With Ledger Live, you can use all your cryptocurrencies through the software.
How to recover your Ledger Nano S hardware wallet?
Recovering your Ledger Nano S wallet is very easy. First, you need to select the “Recover wallet” option on the device. Then you need to enter your 24-word recovery phrase. After you enter the 24-word recovery phrase, the Ledger Nano S scans the blockchain over the Internet for transactions to your address. When the Ledger Nano S finds the transaction, it will present your balance. After that, you will quickly be asked to confirm the recovery. In the next step you will confirm the recovery, you will be taken to the next screen where you must enter your PIN code.
Finally enter the PIN code, your Ledger Nano S will be restored with all your cryptocurrencies.
The Ledger Nano S vs. Trezor One
The following information will give you a much better understanding of how the Ledger Nano S compares to the Trezor One: (Please also see our full review of top crypto wallets and especially the Trezor hardware wallet)
The Nano S is thinner, lighter and slimmer than the Trezor One.
The Nano S is also smaller than the Trezor One. It has a higher resolution display, but it has a smaller screen size. The Nano S has only one on/off button, while the Trezor One has two buttons. The Nano S has a micro-USB port for data transfer and power, while the Trezor One has a full-size USB port for data transfer and power. Both of these devices come with software, but they are different.
The Nano S has an app called “Ledger Manager” which is used to install the Nano S’s native applications. It also allows firmware updates. The Trezor One has “Trezor Manager” software. This software has a similar purpose to the Nano S, but it supports more different cryptocurrencies.
Overall, I would recommend getting the Ledger Nano S over the TREZOR ONE, However, both are great crypto wallets, and you can’t go wrong with either.
The Ledger Nano S vs. The Ledger Nano X
The Nano X is the newest offering from the Ledger team. Both devices offer support for most of the same cryptocurrencies, but the Nano X has some extra features. It has a bigger screen, two buttons, but it doesn’t have a micro-USB port. However, it has a USB-C port that can be used for power or data transfer. The Nano X also has a touchscreen, which the Nano S does not.
The Nano X has a significantly longer standby time than the Nano S because it has a rechargeable battery. Another different thing is that the Nano X can be charged with USB-C, while the Nano S uses a standard micro-USB cable.
Nano X has a multi-color LED to indicate when it is in use, when it is in standby mode, and when there is an error. It also has support for FIDO2, which is a security protocol that can be used to log into websites and apps. The Nano X also has a desktop app, unlike the Nano S. Finally, the Nano X has a native app called “Blockchain” and there is a web version of the app. The blockchain app allows users to easily manage their cryptocurrencies. The Nano X also supports Bitcoin, Bitcoin Gold, Bitcoin SV, Bitcoin Cash, Bitcoin Diamond, Litecoin, and Dash.
conclusion
In summary, the Nano S from Ledger is a great crypto wallet to own. It is a very secure wallet, and the interface is fantastic. This is a high-quality hardware wallet that keeps your funds safe from theft, and you can even use it to store other cryptocurrencies in addition to Bitcoin. You can buy it directly from the Ledger website here.