Ledger Nano S specifications
Supported coins and tokens
What’s in the box?
- Ledger Nano S
- USB cable
- 3 recovery sheets
Ledger Nano S overview
The Ledger Nano S is a compact device that easily fits into a pocket – its design resembles that of a regular USB stick. The initial setup is straightforward and intuitive, suitable for even absolute beginners.
The most convenient way to manage crypto holdings on a Ledger device is through Ledger Live. It is available for both desktop and mobile, but the mobile app is only available for Android devices. The connection requires a third-party OTG (On The Go) USB cable, which has a micro-USB port on one end and a female USB port on the other.
A slight drawback of the Ledger Nano S is its relatively low amount of flash memory. If you want to transact with a cryptocurrency, you need to install a specific app for it. Since each coin requires a separate app, you can only have a few installed at the same time. Also, it’s important to note that uninstalling an app won’t affect your keys and funds. But, you won’t be able to transact with that account until you install the app again.
Ledger Nano S pros and cons
- Supports all major blockchains and a wide range of tokens.
- Easy to use.
- Adding coins is fast and intuitive.
- Supports multiple languages.
- Affordable price.
- Ledger is a well-established company that has operated since 2014.
- You can only have a few apps installed at the same time.
- Less mobile-friendly than the Ledger Nano X.
Ledger Nano S pricing
As of January 2020, the Ledger Nano S is sold for $59.
It’s advised to always buy hardware wallets directly from the manufacturer. Buying second-hand hardware wallets poses the risk of the private keys being compromised.
The Ledger Nano S has been one of the most successful hardware wallets due to its affordable price and ease of use. Its newer iteration, the Ledger Nano X, comes with more features but also a higher price. With a good security track record behind Ledger, the Nano S remains a valid choice as a lower-priced alternative.
In summary, the Ledger Nano S might be an ideal choice for those wishing to secure their portfolio with a simple hardware wallet for an affordable price.