The Ledger Nano S is one of the newest hardware wallets that is used to store transactions of the different cryptocurrencies like Altcoins, Bitcoins, Zcash, and a lot more. It ensures that your crypto assets won’t be hacked and are kept safe at all times.
The device looks almost the same as the usual standard USB drive, only that, it serves a different function. While Ledger Nano S is a bit smaller compared to the other hardware wallets, customers are guaranteed to protect their cryptocurrencies transaction with this highly popular hardware wallet in the market today.
Apart from the security that this device can give, the Ledger Nano S also serves as a mobile wallet and or, a sort of bank account, which allows you to carry a large number of digital coins anywhere you go. This device is definitely a great tool for those investors who wish to secure their funds right at the tip of their hands. If you are looking for the newest fad of keeping your crypto assets safe, then this Ledger Nano S is the most reliable and safest way!
The Company Behind the Ledger Nano S
With the aim of providing security and ease to the cryptocurrency investors, Ledger, the company behind the Ledger Nano S, developed this newest technology and has desired to be the leading player in the market in terms of crypto currency storage.
Back in 2014, the company started its mission of providing solutions in securing cryptocurrency transactions. Together with the eight experts working for the company, their team established the device that is now making names in the market. Comprising of about 130 employees from different countries, the Ledger is dedicated to yielding a multicurrency hardware wallet that allows an investor to carry the device easily and safely anywhere they go.
Right now, there are about 1,000,000 hardware wallets that are sold around the world. In order to protect your bitcoins, this device allows users to separate their private keys from the phones or computers that they are using, thus, it also lessens the chances for their crypto assets to get hacked.
The Ledger Nano S Design
This device looks closely like a USB pen drive that allows users to get connected to any compatible computing device. It is very small and is easy-to-carry with the hands. Despite its small size, the Ledger Nano S is still believed to be durable as it is being protected by a metal case. Overall, it is also designed to store a variety of cryptocurrencies that are widely used in the market today.
Right now, the Ledger Nano S is creating an edge over other brands as it has a more suitable design that allows users to carry it anywhere they go. It also has a built-in real-time display that allows them to check on the latest real-time messages and even lets users check and review transactions of their cryptocurrencies.
While the company made sure to secure each and every transaction of an investor, this device also allows users to import and export important sheets for an easy backup of data and information. Further, the Ledger Nano S is believed to be foolproof, therefore, the user’s 4-digit PIN is guaranteed safe from hackers.
The device is designed to be compatible with other Ledger wallet applications which can be installed through computers and smartphones. It functions without having the need of batteries since its power is derived from its USB cable.
How much Does Ledger Nano S Costs?
If you are looking for the ideal hardware wallet solutions that the market offers, you can never go wrong with the Ledger Nano S as your primary choice. While planning to invest in the different cryptocurrencies today, it is important for you to get the right security and privacy of your assets.
But with all its functions and usability, how much does a unique hardware wallet like Ledger Nano S costs? According to the company’s website, this powerful device is offered at a very reasonable price for about Php 3,623.18.
Meanwhile, some other countries also offer this hardware wallet at a different price. The Ledger Nano S is being sold for €79 at Euro price, while it has been offered for $98 in other countries. Despite its hefty price tag, the Ledger Nano S is certainly the cheapest compared to other hardware wallet brands.
When planning for a purchase, make sure to order the device only from reliable websites. Better yet, you can also contact their company’s support to make sure that you are getting an authentic item. Without a doubt, the Ledger Nano S will definitely satisfy the needs of every cryptocurrency investors. Thus, make sure to purchase yours the earliest possible time especially if you are serious about cryptocurrency investing.
Getting to Know the Ledger Nano S Usability
With the different functions that the Ledger Nano S can offer, most users are in awe of its simplicity and usability. The device is being controlled by two buttons and everything can be monitored and viewed with just one screen.
Making it upfront and simple to use, the Ledger Nano S allows users to incorporate highly confidential information while at the same time, be able to ensure every transactions’ safety from hackers. Each transaction made with your digital currencies is visible on the device’s screen, thus, enabling any user to keep track of any transaction made in the system.
The Ledger Nano S is also equipped with an easy-to-use interface but is backed up with high cutting-edge security. It has a security chip that will also ensure the safety of the device itself. This device has been carefully designed and planned as it stores the user’s private keys in every digital currency transaction.
When a user lost access of the hardware wallet, the company made sure that a backup and restore option is accessible for the Ledger Nano S. Anyone who lost their device and has forgotten their access will get the chance to restore their account in no time.
The Ledger Nano S Coin Support
According to the company’s website, the Ledger Nano S is designed to support varieties of digital currencies. There have been about 700 coins that are listed in the top supported coins. Among those currencies are as follows:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Bitcoin Gold (BTG)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Ripple (XRP)
- Litecoin (LTC)
- Zcash (ZEX)
- Dash (DASH)
- Dogecoin (DOGE)
How to Send and Store Cryptocurrencies with Ledger Nano S?
Being an investor of these wide varieties of digital currencies, it is important for you to know the different procedures in sending and storing your crypto assets through the Ledger Nano S.
Initially, to store your coins in the hardware wallet, make sure that the Nano ledgers are set up successfully. Meanwhile, in order for you to send crypto assets firsthand, you need to know that addresses are being controlled by the device itself, which will then be sent to a specific recipient address through a Ledger Live application.
The company advises every digital currency enthusiast to start sending small amount first, especially if, it’s going to be your first transaction. By doing so, you can check whether the transaction is done successfully before proceeding to send larger amounts to a certain recipient instead.
As you try to send your crypto assets, make sure that the Ledger Live app is installed properly in your device. Always check that the interface is ready to use prior to making your first transaction. When starting a transaction, it is important to double check the recipient address and the amount that you are about to send.
Further, you can also verify carefully each transaction details in your device by clicking the “Verify Operation Details” option to make sure that the transaction is successfully confirmed. Without a doubt, the Ledger Nano S is the best hardware wallet choice to have if you plan on investing in a variety of digital currencies. Sending and storing your crypto assets have never been made easy with Ledger Nano S!
How Ledger Nano S Makes a Better Choice than Other Devices?
Keeping your crypto investments safe has never been more essential than it is today. Hence, the right selection of the right hardware wallet is a must. While cryptocurrency investments are becoming popular nowadays, so many companies have started up in producing a device as a tool for crypto asset storage. Among the products which made names in the market are the Ledger Nano S versus the Trezor and the KeepKey.
Generally, these three products are all hardware wallets. But what makes the Ledger Nano S greatly better than the other two devices?
- Ledger Nano S vs Trezor
The Ledger Nano S is a cryptocurrency wallet that’s specially designed in a handy shape. It is equipped with the best safety features and has been proven to be excellent in keeping the investor’s digital assets, while at the same time, making sure that digital payments are executed with utmost safety and security. This device is made from high-quality metal, making it more durable compared to the other brands.
Meanwhile, the Trezor is yet another digital currency wallet that is also designed to keep the investors crypto asset within their reach. The device is believed to be operated offline, nonetheless, it is still one of the trusted hardware wallets when it comes to securing digital coins. Compared to the Ledger Nano S, this Trezor is made out of plastic, making it more prone to physical damage.
The Ledger Nano S and the Trezor are both equipped with two buttons for its functions. However, the Trezor has a larger screen display compared to the Nano S. Nonetheless, its screen size has generally nothing to do with the device performance.
- Ledger Nano S vs KeepKey
On the other hand, KeepKey is another attractive and effective tool for storing digital currencies. However, one of its downsides is the fact that it doesn’t support many varieties of digital coins. For the record, KeepKey is known to have the slowest performance among the three devices. KeepKey is believed to have the largest screen size, making the information and other data more visible than the rest of the cryptocurrency wallet brands.
Among these comparisons, this makes the Ledger Nano S the best choice among them all. In terms of price, it is also the most affordable device among the other brands.
Ledger Nano S – Pros and Cons
When planning to get your own Ledger Nano S, consider the pros and cons of this device below.
PROS
- It is the cheapest hardware wallet in the market today.
- You can send and receive payments of multiple currencies in one same device.
- The only hardware wallet with the closed source firmware ensuring the crypto assets safety and security.
- It can never be hacked easily as it keeps the private keys securely.
- It supports about 700 digital coins.
CONS
- The device has the smallest screen size compared to the other brands.
- It has no passphrase support.
- It can be lost easily due to its very small size.
Is the Ledger Nano S all Worth it?
Several companies have created great devices in keeping digital currencies intact and safe. However, the Ledger Nano S has definitely made an edge among the other brands when it comes to its price, design, and usability.
Considering the fact that this device supports almost every coin variety in the market today, this makes each digital currency investor go after the Ledger Nano S for purchase. Further, it is also powered by the Ledger Live app that makes every single transaction easy and simple for the crypto asset’s owners.
Above all, the Ledger Nano S is definitely worth the choice. When looking for the hardware wallet that comes with the best design, the number of coins supported, the simplicity of use, and of course, with the most reasonable price in the market therein, then, this device is the best choice!
[…] Instead, it is recommended that you store your FUN coins on such hardware wallets as Trezor or Ledger Nano S as they support cold storage of crypto […]