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[Reviews] Ledger Nano S – All you need to know about the Nano S

Edgar

I told you about the Ledger raising 61 million euros. Ledger is one of the world leaders in material wallets for cryptocurrencies, the Ledger Nano S being their flagship model. Small review in detail to know whether or not you can store your bitcoins and altcoin via this tool.

Ledger Nano S, the safety wallet?

But first, a quick note on bitcoin wallets if you have not read the dedicated file yet. Hardware portfolios are the safest to protect and secure your bitcoins and other cryptocurrencies. They also allow you to send and receive money on any computer, even those infected with malware.

If the hardware portfolios guarantee such security, it is because you are the owner of your private key, and the transactions made from them are performed offline. So anyone trying to hack your wallet will be stuck.

Also, most hardware portfolios, like the Ledger Nano S, use a second terminal to verify and complete your transactions. This way, if a hacker enters your computer and takes control of it, it can not do anything since it needs to physically access your USB key connected to your computer.

The design and user interface of the Nano S

The design of the Ledger Nano S is classic, but stylish. It looks like any USB key, which is pretty good in the end (yeah, the key itself does not say: be careful, I hold tons of bitcoin in there …). Small and compact, it fits easily in the pocket. Designed in metal, it made it a little sexy.

It can be used on Windows, Mac and Linux.

The way the Nano S works is similar to any other hardware portfolio. When you first use, you will define a PIN to protect access to its content. A little later, you will receive a 24-character key that acts as a private key. This key should be written on paper, kept in a safe place, not on your computer. This will prevent anyone from taking possession of your Bitcoins.

The Ledger Nano S has 2 buttons on it that allow to interact with. The initial installation takes 3 minutes and is very simple, 80% of these 3 minutes being used to transcribe your key on paper.

Once this process is done, all you have to do is install an application on your key in order to interact with it.

A Chrome extension does the trick, allowing you to:

What do you need to know of the Ledger Nano S?

The interface is very simple and intuitive, without manual steps to make.
You do not have to use a dedicated Chrome extension, however, you can use Bitcoin wallets that you may already know as MyCellium, Electrum, Bitgo, GreenBits, Copay or MyEtherWallet.

Witch crypto can I have in my Legder Nano S?

Here is the list of crypto-currencies compatible with the Ledger Nano S:

You can send and receive payments, check your accounts, and manage multiple addresses for each currency you store on it.

Ledger, a good company?

Ledger is a French company created in 2015. Since the Bitcoin market as grow and has gradually gained importance. It has become a major competitor in the market and is now one of the leaders.

They uses an open source code that makes it gain legitimacy. Also, customer service is completely available and efficient.

What is the price of the Ledger nano S?

Sold for 94.80 € ($125.99), the Ledger Nano S is attractive for its price, knowing that it offers features quite similar to what is done on the market for a higher price. And quality or safety does not suffer.

It's totally available in US, UK, FR and all over the world

Conclusion

In conclusion, not much to add except that you can go there with your eyes closed. Secure and accessible, the Ledger Nano S will be very useful for those who simply wish to hold their cryptocurrency for the long term, without the need for immediate liquidity.

[Reviews] Ledger Nano S – All you need to know about the Nano S
4.1 (81.48%) 27 votes