Ledger Nano S Review (2021): Pros And Cons

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Our Take

The Ledger Nano S is the most secure way khổng lồ store your cryptocurrency, thanks to lớn the company’s robust security protocols. Beginner or occasional investors will have peace of mind knowing their assets are secure offline, yet they can easily access their cryplớn or view their accounts when using the physical device.


An affordable cold wallet

The private keys never leave sầu the device

Supports more than 1,100 coins & tokens


Limited storage space for crypto apps

Display is small and isn’t a touchscreen

Not as mobile-friendly as other wallets

The Ledger Nano S is manufactured by Ledger, a leader in cryptocurrency security.A proprietary operating system & secure element chip keep crypto lớn safe.The cài đặt và installation process is quichồng and easy.It looks like a USB stichồng, making it inconspicuous.

Eight experts in cryptocurrencies, security, & entrepreneurship launched Ledger in 2014 with headquarters in Paris, France. Since then, it’s grown to lớn over 360 employees with offices in Thành Phố New York, London, and Singapore, along with a production facility in Vierzon, France.

It produced the first Ledger Nano S, a hardware cryptocurrency wallet, in 2016. According to the company, it “has sold more than three million hardware wallets in 190 countries lớn date” và “secures an estimated 15% of all cryptocurrency assets globally.”

In 20đôi mươi, Ledger launched Ledger Live sầu, which works with the Ledger Nano S, and allows investors lớn trade, swap, và lkết thúc cryptocurrencies. Recently the company announced a $380 million Series C round of fundraising, bringing its valuation to over $1.5 billion.

The Ledger br& is the leader for cryptocurrency security and services & aims lớn become a “secure gateway lớn the digital asmix world.”

Type of WalletColdCurrenciesOver 1,100Purchase Cost$59Incorporated ExchangeYDevice Size56.95 milimet x 17.4 milimet x 9.1 mm, 16.2 gramsSmartphone AppAndroid


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The Ledger Nano S hardware cryptocurrency wallet provides high-level security via a secure chip and a proprietary operating system. It gives investors control over their private keys & is backed by the largest name in the industry.

Investors can store more than 1,100 cryptocurrencies & tokens on the Ledger Nano S, with 23 cryptocurrencies supported directly by Ledger và the rest supported by installed third-party applications.

Pros Explained

An affordable cold wallet: At $59, the Ledger Nano S is less expensive sầu than several other hardware wallets, making it a good low-cost, highly secure option.

Cons Explained

Limited storage space for cryplớn apps: Most cryptocurrencies require a cryplớn application, và the Nano S only holds up to six apps, depending on the form size.The display is small & isn’t a touchscreen: The device screen is less than an inch tall, as the whole device is only 17.4 milimet tall (0.685 inches). It features two physical buttons instead of a touchscreen.Not as mobile-friendly as other wallets: The Ledger Nano S isn’t equipped with công nghệ Bluetooth không dây, so it requires a USB cable to connect to a computer or Android device.

Supported Cryptocurrencies

The Ledger Nano S supports about 107 cryptocurrencies and more than 1,000 tokens. Although users can’t store fiat currencies on the Ledger Nano S, stablecoins are supported. Investors use the hardware lớn store popular cryptocurrencies, such as:

Polkadot (DOT)Flow (FLOW)Tether USD (TRC20) (USDT)IOTA (MIOTA)Cosmos (ATOM)Dogecoin (DOGE)Algorand (ALGO)Chainlinks (LINK)Ripple (XRP)Litecoin (LTC)Binance Coin (BNB)Stellar (XLM)Cardano (ADA)Monero (XMR)Tron (TRX)Dash (DASH)Neo (NEO)USD Coin (USDC)Compound (COMP)Dai Stablecoin (DAI)Aave sầu (ERC20) (LEND)


The Ledger Nano S hardware wallet is $59 on the Ledger trang web. The company occasionally offers không tính tiền shipping to the U.S. and many international locations. Otherwise, shipping costs may be more than $19. Ledger also partners with several resellers, & you may find the device cheaper elsewhere.

For instance, the Ledger Nano S on Amazon is $59 with miễn phí delivery, whereas it’s $46.99 at Walmart (as of June 2021). Shipping times vary depending on where you purchase the device, but typically, you’ll receive it in less than two weeks.

Inside the box is the Ledger Nano S device along with a micro USB-B cable. Packages may also come with sheets to lớn write down your 24-word recovery phrase và a neông chồng strap. Ledger also offers a pack of three devices for savings of up lớn 21%.

Only purchase devices through verified resellers or Ledger directly. Never purchase a used hardware wallet.

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Security is the top reason people buy a Ledger wallet. The company exceeds industry standards for security, & the hardware wallets have sầu never been hacked. Ledger installs tamper-resistant Comtháng Criteria (CC) EAL5+ certified Secure Element (SE) chips on Nano devices, and your private keys stay on the secure chip.

Moreover, Ledger is the only hardware wallet manufacturer using Secure Element chips and a proprietary operating system (OS) called Blockchain mở cửa Ledger Operating System (BOLOS).

Ledger devices undergo an independent audit from the French National Agency for the Security of Information Systems (ANSSI). At the user cấp độ, there are additional security measures as well. For instance, lớn purchase altcoin, users must physically push both buttons on the device simultaneously, making it uncrackable by a cyber-criminal. The hardware wallet requires a minimum four-digit pin code và users get a 24-word recovery phrase lớn store in a safe, offline place.

In 20đôi mươi, the company’s customer data was accessed via the Shopify database. The breach didn’t expose crypto wallets khổng lồ danger but made users’ names, addresses, and phone numbers public. Ledger has removed more than 170 phishing websites và communicates regularly with customers regarding personal security.

The main difference in security between Ledger và competitors, such as Trezor, is that Ledger’s firmware isn’t open-source, meaning users can’t independently audit the firmware’s security.

Setup & Use

The Ledger Nano S is fairly simple to lớn phối up & use. Users must tải về Ledger Live lớn their computer or di động device và choose the option khổng lồ mix up a new device. From there, the application walks users through the process, including a guided security checklist.

Once set up, investors use the Ledger Live sầu ứng dụng to lớn persize most actions and confirm transactions by physically pressing both buttons on the Ledger hardware wallet. Although the screen is small, it works well for the limited interaction required. However, if you need khổng lồ enter your 24-word recovery phrase, it can be tedious khổng lồ scroll through the alphabet to lớn find each letter.

For occasional investors with a few coins, Nano S is easy to use & beginner-friendly. But, many cryptocurrencies require software, and the Nano S only holds a few programs at once, meaning you’ll have sầu lớn delete an ứng dụng to lớn install another one. Although your crypkhổng lồ is secure và remains on your device, the lachồng of storage creates some usability issues.

User Satisfaction

Ledger overwhelmingly receives high ratings for user satisfaction. Typically, complaints stem from the lack of công nghệ Bluetooth không dây or security protocols. In short, slightly less convenience is the price paid for top-notch security. Others also expressed concerns about the amount of storage on the device. But, the size and limitations are noted on the Ledger trang web, and users wanting more storage may prefer the Bluetooth-enabled Nano X.

If there’s a problem with a Ledger device after purchase, users must complete an online return form within 14 days of receiving the hardware wallet. The company offers an online liên hệ khung for claims, a robust help center, phone number, và tin nhắn address.

The Competition

Ledger Nano S vs. X

The Ledger Nano S and X provide the same security levels và tư vấn the same cryptocurrencies. The main difference is that the Nano X has công nghệ Bluetooth không dây, meaning you can connect it to the mạng internet và access your cryptocurrency from anywhere with an internet connection. Additionally, the Nano X provides much more storage, with room for up to lớn 100 cryplớn apps compared to đôi mươi or fewer on the Nano S.

Ledger Nano SLedger Nano X
Type of WalletColdCold
CurrenciesOver 1,100Over 1,100
Purchase Cost$59$119
Incorporated ExchangeYesYes
Device Size56.95 milimet x 17.4 milimet x 9.1 mm; 16.2 grams72 milimet x 18.6 mm x 11.75 mm; 34 grams
di động AppAndroidAndroid & iOS
Ledger Nano S vs. Trezor One

The Ledger Nano S and Trezor One are both well-known hardware wallets with strong security levels. While the Nano S resembles a flash drive sầu made with stainless steel và plastic components, the Trezor One has a quality shape and is made from plastic. At first glance, Trezor One appears lớn support more coins. However, it doesn’t work with popular altcoins such as Cardano (ADA), Ripple (XRP), or Monero (XMR). Moreover, Trezor is open-source, which is a plus because anyone can inspect it & discover vulnerabilities, but Kraken could also break the hardware wallet when alone with the physical device for 15 minutes.

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Ledger Nano STrezor One
Type of WalletColdCold
CurrenciesOver 1,1001,649
Purchase Cost$59$60
Incorporated ExchangeYesYes
Device Size56.95 mm x 17.4 mm x 9.1 mm; 16.2 grams60mm x 30milimet x 6mm; 12 g
mobile AppAndroidN/A

The Ledger Nano S is a secure hardware wallet resembling a USB flash drive, và it’s among mỏi the best Bitcoin wallets. Although it supports tons of cryptocurrencies, many assets require users lớn tải về a third-buổi tiệc ngọt ứng dụng, & the wallet has limited storage for apps. The Ledger Nano S is perfect for beginners or occasional crypto investors who want lớn store their assets offline safely. However, active traders wanting sản phẩm điện thoại access to their cryptocurrency may prefer a Bluetooth-enabled device.

Chuyên mục: Tài chính