Ledger Nano S Wallet Review

December 01, 2018 09:57 PM    Ken Karlo   By Ken Karlo
3902
Ledger Nano S Wallet Review

Ledger Nano S Wallet Review

December 01, 2018 09:57 PM     Ken Karlo   By Ken Karlo
3902

The industry of hardware wallets for cryptocurrencies, as well as other digital currencies, has been a roll with the numerous choices provided to securely keep coins and avoid the risk of unprotected storage servers.

That said, we’ll be looking at an awesome hardware wallet that you might have heard of; the Ledger Nano S hardware wallet. So, shall we?


Overview of Ledger Nano S

The Ledger Nano S wallet is a hardware wallet for altcoins, Ethereum, and even Bitcoin, that consists of a comprehensive suite of security features. Also, it can be used in not only making payments but also storing digital assets.

Among the awesome features that come with this wallet includes a high level of security, making quick payments, an easy-to-use design, and so much more.


Company Reputation

Source: Ledger

Ledger is a leading company in the development of infrastructure and security solutions for blockchain applications and cryptocurrencies. The company was founded in 2014 with its headquarters in San Francisco and Paris. Plus, it also has a team that comprises of more than 130 experts.

Additionally, Ledger specializes in the building of numerous services and products for safeguarding cryptocurrency assets for both companies and individuals. And, one of their products happens to be Ledger hardware wallets that have sold in more than 160 countries. Even more, the company has carried out four rounds of investments, raising over $85 million.


Ledger Nano S User Interface

Source: Shadowandy

The design of the user interface for Ledger Nano S gives you smooth user experience.

How?

Well, the wallet is similar in some ways to how you use other hardware wallets out there, plus, the process is also pretty straight-forward.

Once you get the hardware wallet all set up, you’ll need to select a pin. After that, you’ll be given a 24-word seed for creating private keys.

The entire initial setup should take you less than four minutes because you’ll need to note down your seed to ensure that it’s kept in a safe place.

After setting up the device, you’ll need to install the required apps to use the wallet, which all depends on the digital currency you choose. Though you can use these apps in sending or receiving currency, they can’t be used to help the wallet in storing your coins.

Additionally, there’s Ledger Live which is a desktop software that makes things a lot easier. With this desktop software, you can generate Bitcoin addresses for receiving funds, send Bitcoin using Ledger Nano S, access your account details, and even access numerous settings like the language of use and exchange rate.

An amazing functionality of the Ledger Nano S wallet is that it can work with your existing Bitcoin wallet. This way, you don’t need to set up different wallets to store your coins. Other online wallets that Ledger Nano S supports include Bitgo, MyEtherWallet, Copay, MyCelium, Electrum, and so on.


Security of Ledger Nano S

Hardware wallets are the most secure way you can think of storing your cryptocurrency assets. However, this doesn’t mean that they don’t come with a few security flaws. But still, most of these flaws are user-based and not always the fault of the developers of the wallet.

To use the Ledger Nano S hardware wallet, you have to take precautions like not using the wallet on computers with the risk of infection and taking note of your security seed on paper instead of a PC.

In theory, Ledger Nano S doesn’t have any known security risks. Because it is a hardware wallet, it’s almost impossible to hack without being connected to a computer.


Supported Coins Ledger Nano S

Ledger Nano S supports more than 700 tokens and coins. So, let’s list some of these supported coins, shall we?

  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • Ripple
  • Litecoin
  • Dash
  • Zcash
  • Dogecoin
  • ERC20-based tokens

Now you can buy Ledger nano S for as low as 60 US$ which was recently updated when the Nano X was released. You can buy Nano S here.


Wrapping It Up

The Ledger Nano S hardware wallet comes with features that can satisfy the requirements of a large number of cryptocurrency enthusiasts. The wallet comes with awesome security features, amazing coin accessibility, and an easy-to-use interface.

Ultimately, the wallet gives you a trustworthy product for safeguarding your tokens and coins.


Affiliate disclosure: KenKarlo earns commissions from the products and services featured on this article.

Updated 08:13 PM UTC+8, 30 Aug 2019
Advertisement
Ken Karlo
Ken Karlo
Founder
 
A web developer and has great interest on Blockchain technology. An SEO Jounin who's trying to learn more in digital marketing and in SEO industry. Writing on "how to" guides, social media, block chain, and tech news.

Related Stories

Hashmart — Bitcoin Cloud Mining from Siberia

Lanmodo Vast Night Vision System Review

Lottery Powered by Smart Contracts, Provably fair an...

Ledger Reveals the Next-generation Hardware Wallet ...

Featured Stories

Advertisement

Recent Stories

What You Need to Know About Mobile Messaging & GDPR (Info...

Why Phone manufacturers keep adding additional Cameras on...

Benefits of Blogging for Your Business

7 Reasons You Need to Be Using Facebook Ads Now

How to Embed Instagram feed on business website

Recent Stories

What You Need to Know About Mobile Messaging & GDPR (Info...

Why Phone manufacturers keep adding additional Cameras on...

Benefits of Blogging for Your Business

7 Reasons You Need to Be Using Facebook Ads Now

How to Embed Instagram feed on business website

Press Release

BTC Surf expands its exclusive offer for its community

Beer Money now launches an IEO in Latoken

Boost your portfolio returns and outperform Bitcoin by ov...

Press Release

BTC Surf expands its exclusive offer for its community

Beer Money now launches an IEO in Latoken

Boost your portfolio returns and outperform Bitcoin by ov...

Categories

Digital Marketing

Technology

How to

Social Media

Blockchain

Press Release

Tech News

Business

Startup

Reviews

Gadgets

Security

Finance

SEO

Advertisement
x
By using this website, you agree to our Terms and Conditions and Privacy Policy.