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Ledger Nano S review

One of the most popular hardware wallets from Ledger was retired in 2022.

Finder’s rating: 4.4 / 5.0

★★★★★

  • Great for its security
  • Not so great for mobile transactions

Details

Product Name Ledger Nano S Wallet
Wallet Type
Supported Cryptocurrencies
Price (USD)
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

The Ledger Nano S has been decommissioned

The Ledger Nano S is no longer for sale after a final production run of 10,000 devices.

Existing Nano S owners will be able to continue using their wallets as usual.

In April 2022 Ledger released the Ledger Nano S Plus, which features a host of new capabilities at a similar price point.

Read our Nano S Plus review

Ledger Nano products compared

Ledger Nano S Ledger Nano S Plus Ledger Nano X
Ledger Nano S
Finder rating
★★★★★
Ledger Nano S Plus
Finder rating
★★★★★
Read full review
Ledger Nano X
Finder rating
★★★★★
Read full review
Dimensions 56.95 x 17.40 x 9.11mm 62.39 x 17.40 x 8.24mm 72 x 18.6 x 11.75mm
Weight 16.2g 21g 34g
Screen size 128 x 32px 128 x 64px 128 x 64px
Coin support 5,500+ 5,500+ 5,500+
Apps that can run simultaneously Up to 6 Up to 100 Up to 100
Storage capacity 320KB 1.5MB 2MB
Bluetooth
Battery life No battery No battery 8 hours
Connection type USB-A to Micro USB USB-A to USB-C USB-A to USB-C
Native NFT support
Security rating CC EAL5+ CC EAL5+ CC EAL5+
Mobile phone compatibility Android Android Android, iOS
Supported desktop OS Windows 8+, macOS 10.10+, and Linux Windows 8+, macOS 10.10+, and Linux Windows 8+, macOS 10.10+, and Linux
Price (USD) $59 $79 $149
No longer for sale Buy the Nano S Plus Buy the Nano X

Supported cryptocurrencies

Wallets supported cryptocurrencies include:
  • BTC
  • XRP
  • ETH
  • BCH
  • EOS
  • XLM
  • LTC
  • TRX
  • ADA
  • MIOTA & 5,000+ more

      How to set up the Ledger Nano S

      Your Ledger Nano will come with the following:

      • The Ledger Nano S device itself
      • A USB cable
      • A lanyard, key ring and key chain
      • A recovery sheet for writing down your seed phrase
      Ledger Nano S

      Steps to set up your Ledger Nano S

      1. Download the Ledger Live program.
      2. Plug your Ledger Nano S into your computer with the provided USB cable.
      3. Follow the prompts provided to configure your device.
      4. Download the relevant apps through Ledger Live to match the cryptocurrencies you will hold (e.g. the Bitcoin app if you want to use Bitcoin).

      Compatibility

      • Windows (7+)
      • Mac (10.8+)
      • Linux
      • Chrome OS (requires Google Chrome or Chromium)

      How to use the Ledger Nano S

      You can send and receive funds with your Ledger Nano S and get the additional security offered by a hardware wallet.

      How to receive funds on the Ledger Nano S

      To load your wallet:

      1. Open Ledger Live and make sure you have the correct app installed.
      2. In Ledger Live, click "receive" on the left panel or from the top of the account detail page.
      3. Use the drop-down menu to choose the account to receive the crypto assets then select "Next."
      4. Connect and unlock your Ledger Nano S then open the crypto asset app as prompted.
      5. Read the instructions and click "verify" to generate a receive address on your device.
      6. Confirm that the receive address shown on your Ledger device is the same as the one shown in Ledger Live.
      7. Click "copy" to copy that address. This is your Ledger Nano S address.

      How to send funds with the Ledger Nano S

      To send funds from your wallet:

      1. Open Ledger Live and make sure you have the correct app installed.
      2. Click "send" on the left panel.
      3. Use the drop-down menu to select the account you want to send from.
      4. Enter the recipient address.
      5. Enter the amount you want to send.
      6. Choose the network fees from the drop-down list. Higher fees mean faster transactions.
      7. Click continue.
      8. Unlock and connect your Ledger Nano S and open the correct crypto app.
      9. Click continue.
      10. Verify all the transaction details are correct, and press the right button on the Ledger Nano S to sign off on your transaction and send it.

      Where to buy the Ledger Nano S in Nigeria

      You can buy a final edition of the Ledger Nano S directly from the Ledger website. It's a good idea to purchase only from Ledger itself or from authorised resellers to ensure your device isn't tampered with prior to delivery.

      How much does the Ledger Nano S cost?

      The Ledger Nano S retailed for US$59.

      How secure is the Ledger Nano S?

      • Hardware wallet. As a hardware wallet, the Ledger Nano S offers additional security compared to software wallets.
      • Offline storage. Private keys are stored offline and on a secure element within the Ledger. They never leave the device.
      • Tried and tested. The Ledger Nano S has sold over one million units and stored countless millions of dollars of crypto without any practical security vulnerabilities ever being discovered.
      • Backup restoration. The seed phrase system used by Ledger is the industry standard for hardware wallets of all kinds.
      • PIN code. A password is required to unlock the Ledger device itself.

      What else do I need to know about the Ledger Nano S?

      Ledger is based in France and has been a prominent company in cryptocurrency since its founding.

      The Ledger Nano S is its former flagship, but it's since been superseded by the Ledger Nano X, which introduced mobile compatibility.

      But not everyone needs or wants mobile compatibility, so the Ledger Nano S is still sold and is still one of the world's most popular hardware wallets.

      In a nutshell

      Pros

      • Highly regarded. In crypto, popularity generally equals security, and few wallets are as popular as the Ledger Nano S.
      • Wide range of coins supported. You can hold over 1,000 cryptocurrencies on the Ledger Nano S.
      • Ledger Live and apps. The Ledger Live web wallet combined with the crypto-specific apps makes the Ledger more user-friendly.

      Cons

      • No mobile support. The Ledger Nano S has no mobile support. To make a transaction, you must plug it into a computer.
      • Minimal customisation. Although it comes in different colors, the Ledger Nano S isn't available in customised forms.

      Compare Ledger Nano S against other hardware wallets

      1 - 3 of 5
      Name Product Wallet Type Supported assets Price (USD) Disclaimer
      Ledger Nano X Wallet
      Hardware wallet

      5,500+

      $149
      The Ledger Nano X comes with added Bluetooth functionality, more memory and a higher quality screen than the original Nano S.
      TREZOR Model T Wallet
      Hardware wallet

      1,450+

      $213
      The next generation of hardware wallet from TREZOR, the Model T includes a host of new features including a touchscreen and improved processing.
      TREZOR One Wallet
      Hardware wallet

      1,280+

      $67
      TREZOR hardware wallet is a secure way to keep your cryptocurrency safe from hackers and malware.
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      Frequently asked questions

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      Cryptocurrency wallet ratings

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      We rate cryptocurrency hardware wallets by scoring each wallet out of 10 for 3 components: security, functionality and cost. Each component is weighted based on importance, as follows:

      • Security: 50%
      • Functionality: 40%
      • Cost: 10%

      These scores are aggregated and visualised as a total score out of 5 stars.

      Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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