eCurrencyReview.com

Ledger Nano S Hardware Bitcoin Wallet Review

Ledger Nano S Hardware Bitcoin Wallet Review

Author
  • Reliability
  • Security
  • Transparency
  • Exchange Fees
  • Customer Support

Ledger is a French startup which creates a safe blockchain applications for businessmen and industrialists. They are out with their newest Ethereum wallet called the Nano S.

About

Ledger Nano-S is a Bitcoin, Ethereum and Altcoins hardware wallet which has robust features which store cryptographic assets and secures digital payments. Through this, you can receive payments, make payments and checks your accounts and manages the different currency.

Features and services offered

Creating a product is not enough there must be features that will want the consumers to buy your product, not only this after purchasing a product the consumers expect there to be services provided if there is any problem. Ledger offers everything and more through their latest innovation Ledger Nano S which has excellent features and are mentioned below.

  • Built-in display- You can check your transactions and confirm it by looking on the presented screen and physically pressing the buttons required.
  • Multi-currency- It supports Bitcoin, Ethereum, Litecoin and Altcoins that holds various assets in the very hardware wallet.
  • Security- The data maintained in the hardware wallet is completely confidential which is strongly isolated in an environment protected by a PIN.
  • Backup and restore- Everything is backed up in a sheet for recovery purposes and can be easily restored on any other ledger device.
  • Cryptographic assets are secured by a chip
  • It is foldable and compact.

The Ledger also offers other devices that can be used as hardware wallets.

Is it reliable?

If one is thinking if it is reliable then do not hesitate it is reliable due to its vast security features. Ledger Nano S has a small OLED screen that is used for payment validation by using small buttons and entering the pin and confirm their transaction. It is also reliable because it assures its customers with maximum protection with the help of their EAL5+ certified Secure Element smartcard technology.

Security features

After discussing the reliability of the product we know that there are some very strong security features that the device provides some of them are the following.

  • Secure Element- The device comes with a dual chip built in it and its firmware is assured by attestation on the cryptographic form.
  • Pin code- This device offers 4 digit pin code that needs to be given every time you plug it in your PC.
  • Malware Proof- You can set up your device and restore it whenever necessary and is done in a secure environment. This device works even on an infected computer.
  • Privacy- Your account is not known by a third party and is locked in a secured environment.

Platforms required  

Ledger has its own website that offers you help on your device and is sold through the website as well as on amazon. Nano S operates on its own cryptocurrencies wallet interfaces with its ledger app. You can also use other compatible software like Ledger Wallet Bitcoin, Ledger Wallet Ethereum, Copay, Electrum, Mycelium, MyEtherWallet, GreenBits and BitGo to download on your Android phones. Unfortunately, this is not yet compatible with iPhones yet.

Price

Ledger Nano S costs 58 euros which are around 65 US dollars.

Pros and Cons       

Let us have a look at the pros first, they are given below.

  • Screen protected by a metal cover.
  • Third party apps can run from this device.
  • U2f support
  • Extremely affordable.

Some of the cons are-

  • There is no password manager.
  • Can’t create hidden accounts.
  • The wallet software is not that advanced.

Summary    

Ledger Nano S is all good things that come in a small package. It can be setup without being plugged into a computer which means no one can see your IP address. With its great features, security, and privacy it makes it a must buy product.

Leave a Comment

Your email address will not be published. Required fields are marked *

Choose a Rating