Editor choice

Ledger Nano S

Ledgerwallet who has released two other Hardware wallets in the past such as Ledger Nano and Ledger HW.1 is the company behind the ”Ledger Nano S” Cryptocurrency Wallet that we’ll be reviewing

When owning Cryptocurrencies, you’ll need to know how to protect your confidential data and access to your funds. With the Ledger Nano S, secrets like private keys are never exposed:

Sensitive operations are isolated in the Hardware wallet within a state-of-the-art Secure Element, locked by a PIN code. This ensures that Transactions can’t be tampered with since it requires physically verification through the embedded screen with a simple press of a button

Unlike the previous models, the Ledger Nano S features a small built-in screen for users to directly gather important information via the device reducing the risk of computer malware threat since it embeds a secure OLED display to allow an individual to double-check and confirm each transaction with a single tap on its side button

Why should you consider Buying a Ledger Nano S?

Benefit Outcome
Cheap The Ledger Nano S model is currently one of the cheapest Hardware Wallet that allows you store multiple currencies.
Protect Stores Private Keys within a protected area of a microcontroller, and cannot be transferred out of the device in plaintext
Compatible Native Chrome Extention (Ledger Bitcoin/Ethereum Wallet) and third-party services (Copay, Electrum, Mycelium, MyEthereWallet, GreenBits & BitGo)
Open Source All-Ledger Apps are fully Open Source, so anyone can access all source codes to authenticate code paths and contribute to the development.

The Ledger Nano S compared to Alternative Hardware Wallets?

The fact that the Newest Hardware from Ledger includes additional security measures, such as the ability to visually confirm the correct receiving address on the device’s display. Finally catching up to their rival Trezer who’s model is based on that key selling point, a built screen which the previous Ledger’s Hardware Wallet could not compete with

The level of security provided by the original Ledger Nano was viewed as inferior when compared with the Trezor, but the Nano S appears to have completely changed their stance on being the most secure Hardware Wallet.

  • Requires Google Chrome, must be used with a Ledger Chrome Extensions
  • Deemed to be Less Secure (Compared to Trezor)

With the original Ledger Nano, the seed for the wallet was generated on the host computer rather than the actual device, this requires a working computer to gain access in order to initiate an action. With a built-in screen, this has changed with the Nano S since now the seed and PIN are generated directly on the hardware wallet, this means you need confirm any transaction in person with device itself

 

In terms of Pricing, Ledger Nano S clearly is one the cheapest Multi-signature Hardware Wallet while there has been major improvement to design and user interface, Ledger wanted their latest product to be Grandma friendly by that I mean that it should be user-friendly enough for people of ages, requiring little to zero technical assistance or experience to get started with Cryptocurrency

With the new The Nano S, the new design features a small encased aluminum cover with a built-in monitor and has only two physical buttons. Part of the Kit includes a reasonable long micro USB Cable, Instructions, Accessories and Recovery Sheet.

As for Instruction, Ledger Team has made this particular model even easier to set up with simple instruction that even Kids are meant to understand. The Ease of use, and continuous development of the Ledger Nano S, has made this one the cheapest and beginner-friendly Crypto Hardware Wallet

Keep in mind that Ledger was founded in 2015 in France, since then the company gained substantial traction in the Cryptocurrency sphere and has grown to be a worthy competitor to SatoshiLabs product Trezor

Level of Security offered now and the cheap price will likely mean the Ledger Nano S will become the people choice of Crypto Hardware Wallet, because of continuous development it seems that this particular Model is gaining an upper hand in design and usability

If you’re interested to get yourself a Ledger, feel free to support my Affiliate Link and definitely leave a Comment if you did so!

Check It out on Amazon – www.amazon.com

Official Ledger Website – www.ledgerwallet.com

 

 

7 Total Score
Excellent!

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8.4Editor's score
Design
9.5
Usability
8
Perfomance
8
Security
8
6.5User's score
Design
6.6
Usability
6.6
Perfomance
6.8
Speed
6.2
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Ledger Nano S Cryptocurrency Hardware Wallet

$99.99
113 new from $74.01
4 used from $ 70.59
Free shipping
Buy Now
Amazon.com
as of October 22, 2018 8:09 am

Features

  • Check and confirm transactions on the display and confirm with using the physical buttons (anti-malware second factor)
  • Your confidential data is never exposed: it is secured inside a strongly isolated environment locked by a PIN code
  • Use companion apps such as cryptocurrencies wallets, and also FIDO U2F, GPG, SSH or build your own applications
  • Ledger Nano S supports the FIDO Universal Second Factor authentication standard on Google, Dropbox, GitHub or Dashlane
  • Your accounts are backed up on a recovery sheet. Easy restoration on any Ledger device or compatible wallets (BIP39/BIP44)

Considering himself a futurist, Sven has the passion to keep up with the latest technological breakthrough especially surrounding the FinTech sector. From a young age, Sven has been fascinated with Traditional Financial Markets but has after discovering Blockchain Technology in 2014 he has dedicated most of his time staying ahead in the industry

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