There is a newer version of the Ledger Nano S available. It has been superseded by the Ledger Nano X.
Ledger Nano S has an ultra simple design and very easy to use crypto security hardware in which you can store your cryptos. The company Ledger is a leading crypto security expert and hardware manufacturer. Ledger was established in 2014 with the purpose of manufacturing crypto storage devices. The company is France based and production operations are made in France too. The company currently has 300 employees in Paris, New York, Zurich, and Singapore.
Ledger company offers 3 different crypto wallet products. Nano S and Nano X wallets are USB like devices, with a very small size. The company lately developed a new wallet ‹Blue›, which has a touch screen and is a bigger size compared to Nano series. Nano S is compatible with most of the major crypto currencies and can be used with 50+ different mobile and web wallets. You can hodl your cryptos offline without any risk. You will be provided 24 words recovery key, you will need them to recover your hardware wallet in case of your device is stolen, broken, or lost. There are two chips for all operations and storing 24 keywords. 24 key words will be securely stored in another layer of chip. This feature adds extra security to your wallet.
Nano S is the world’s most popular hardware wallet. If you are new to the crypto world, Nano S will be a good start.
Nano S has EAL5+ security certificate that is accepted internationally. Physical security is provided with the button on the device. You need to push to button to finalize the transactions. Users are required to set up a PIN code to start using the wallet. The device is required to be connected for all operations.
Pros
Extremely popular choice
Great wallet app
Supports a huge array of currency types
worldwide available and affordable
Cons
Not open source
Lack of buttons and screen
Limited storage space for crypto apps
Ledger Nano S Reviews
Ledger Nano S is a very popular product and has excellent reviews overall. Very easy to use, and simple design with high security makes this device the first choice for beginners. The device is very small in the size of USB with a small screen and two buttons. Nano S is compatible with almost all crypto currencies. Nano S is available worldwide except in some undisputed territories in an affordable price range. The company ships anywhere directly from their stocks and there are hundreds of resellers all around the world. In short, Nano S is highly reachable and affordable.
Ledger offers both mobile and web app ‹Ledger Manager›. You can download the app for your phone from Google Play and App Store. You can also download a web app for your browser on your computer. Nano S can be used with different wallet apps. Ledger Manager apps are well supported and updated regularly. You can install up to 3 different apps. The apps must be installed both on the wallet and other devices where you want to use an interface. You need to connect your Nano S to your computer with a USB Type-B cable. or Bluetooth. The USB cable comes in the box along with a complimentary keychain and keyring.
The downside about Nano S is the lack of buttons on the device. There are only two buttons to navigate for all operations. You are required to enter a PIN code to unlock and start using your wallet. You can enter PIN by pressing the button several times. Nano S is not open source, it needs support and updates from the parent company Ledger. You can install up to 3 apps on your device because of the lack of space. You will be required to delete unused apps to open up some space and reinstall them again when you need to use by deleting other apps. Removing apps doesn’t affect your wallet and balances.
Based on a total of 13,202 reviews across the web for the Ledger Nano S we gave the wallet an overall rating of 79%.