Ledger Nano S Plus review

This new and improved version of the Nano S has capabilities far beyond those of its predecessor — all at a similar price point.

Finder.com’s rating: 4.5 / 5.0

★★★★★

  • Good for safely managing many cryptos and NFTs.
  • Not so great for staking cryptocurrencies.
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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 Plus hardware wallet provides the same level of security as Ledger's original hardware wallet — the Nano S — but with most of its premium Nano X features.

Ledger introduced the Nano S Plus model in April 2022 after announcing it would be decommissioning the Nano S following its final production run.

For only US$20 more than the Nano S, the Nano S Plus is a significant upgrade to its predecessor.

It offers competitive value for money to anyone looking for secure, offline private key storage to manage a market-leading range of cryptos and NFTs.

But the device hasn't made any headway with mobile device compatibility, and you can only stake a small selection of tokens via the device's native Ledger Live interface.

Nano S Plus pros and cons

Pros
  • Larger screen size (128 x 64px) than the original Nano S
  • Supports 5,500+ tokens
  • Runs up to 100 apps simultaneously
  • Highly secure; CC EAL 5+ rating
  • Native support for NFTs
  • Device times out after a period of inactivity
Cons
  • More expensive than the original Nano S
  • No Bluetooth connection
  • Not compatible with iOS
  • Can't stake many cryptos via Ledger Live

What's in the box?

You'll find the following items inside the silver-colored metallic box:

  • Ledger Nano S Plus device
  • USB-C cable used to connect the device to your computer
  • Card describing Ledger's upgrades to the Nano S
  • Metallic-colored card that reads "Trust Yourself"
  • Orange folder with three Secret Recovery Sheet cards
  • Pink envelope containing instructions for the device
  • Ledger keychain
  • Ledger stickers
Go to Ledger's website
Ledger Nano S Plus product

⚠️ Must read

Before using your Ledger Nano S Plus, carefully check the shrink wrap and box for any evidence of tampering.

If someone has accessed your device, it may be vulnerable to hacking and theft of funds.

Contact Ledger support if you have any concerns about the integrity of your device.

Ledger Nano S Plus price

The Ledger Nano S Plus sells for US$79 through Ledger's official website.

This puts its price point somewhere between the Ledger Nano S, which retailed for US$59, and the Ledger Nano X at US$149.

Though slightly pricier than Trezor's equivalent entry-level wallet, the Trezor One, it features a range of additional capabilities that make the extra outlay worthwhile for most people.

Where to buy the Nano S Plus in New Zealand

Purchase the Nano S Plus directly from Ledger's website - and not from a third party - to reduce the chances of someone tampering with your device before it reaches you.

Ledger does list some authorised retailers that sell the Nano S Plus on its site. If you do decide to buy from a reseller, these are the only ones that you should consider.

Go to Ledger's website

Nano S Plus coin support

The Ledger Nano S Plus can store private keys to more than 5,500 digital assets, which puts it on par with other devices in the Ledger range.

If being able to manage a wide range of coins is important to you, you'll be hard-pressed to find a better cold storage wallet. Trezor's range of wallets comes in next best with support for around 1,800 assets.

Managing NFTs on the Nano S Plus

The ability to manage NFTs with the Ledger Nano S Plus is an upgrade from the Ledger Nano S. With the Nano S Plus, you can do this with native support through the Ledger Live app, which prevents you from needing to use third-party software like MetaMask.

You can also store the private keys to NFTs on the Nano S, but you need to use a third-party app like MetaMask or MyEtherWallet in conjunction with your Nano S to do so.

Ledger Live NFTs interface

At the time of writing, Ledger Live supports NFTs on the Ethereum (ETH) and Polygon (MATIC) blockchains only.

If you have NFTs on other blockchains, that's fine. You can still pair your Nano S Plus with a software wallet like MetaMask. Doing so will let you manage NFTs on a variety of different blockchains, but with the added security of your Ledger wallet.

Nano S Plus security

All Ledger hardware wallets, including the Nano S Plus, benefit from the same top-level security rating.

The National Cybersecurity Agency of France is responsible for conducting a range of evaluations to verify device security. (Ledger is based in France.)

All Ledger devices use Secure Element chips, which are also used in credit cards, passports and SIM cards. While this level of chip isn't a requirement for hardware wallets, Ledger opts to use it anyway.

Ledger devices pass the Common Criteria security evaluation, an international standard for state requirements and banking cards, and earn an Evaluation Assurance Level (EAL) 5+ certificate.

An EAL 5+ certificate indicates that a device offers:

  • The highest level of defense against penetration — or hacking — attempts.
  • Protection from both remote and physical attacks.

Ledger states on its site that "going beyond EAL 5+ does not provide a higher assurance against attacks anymore."

Ledger Nano product specs compared

Ledger Nano S Plus Ledger Nano S Ledger Nano X
Ledger Nano S Plus
Finder rating
★★★★★
Ledger Nano S
Finder rating
★★★★★
Read full review
Ledger Nano X
Finder rating
★★★★★
Read full review
Dimensions 62.39 x 17.40 x 8.24mm 56.95 x 17.40 x 9.11mm 72 x 18.6 x 11.75mm
Weight 21g 16.2g 34g
Screen size 128 x 64px 128 x 32px 128 x 64px
Coin support 5,500+ 5,500+ 5,500+
Apps that can run simultaneously Up to 100 Up to 6 Up to 100
Storage capacity 1.5MB 320KB 2MB
Bluetooth
Battery life No battery No battery 8 hours
Connection type USB-A to USB-C USB-A to Micro USB 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) $79 $59 $149
Buy the Nano S Plus No longer for sale Buy the Nano X

Nano S Plus vs. Nano X

The Nano S Plus and the Nano X have many of the same capabilities. They both support the same number of digital assets, run the same number of apps simultaneously, and can be used to manage both cryptocurrencies and NFTs.

One of the main differences between the two devices is that the Nano X is both Bluetooth enabled and iOS compatible while the Nano S Plus isn't. Also, the Nano X also has the added benefit of being able to operate on a battery without being plugged into a computer or mobile device.

In essence, you're paying an extra US$70 for the Nano X's battery life and the convenience of its Bluetooth and iOS compatibility.

Nano S Plus vs. Nano S

For only US$20 more, the Nano S Plus represents a significant upgrade on the discontinued Nano S.

With Nano S Plus, you can manage NFTs with native support and hold the private keys to significantly more types of digital assets than the Nano S. It can also run more digital asset apps simultaneously than the Nano S.

How to set up the Nano S Plus

Make sure that the box's shrink wrap hasn't been compromised before setting up the Nano S Plus. If it has, your device may be susceptible to a hack, and you should not proceed with setup.

Follow these steps to set up your Nano S Plus device:

  1. Download Ledger Live software to your desktop computer.
  2. Plug your Nano S Plus into your computer.
  3. Scroll through the welcome message on the Nano S Plus using the button at top right.
  4. Select both buttons at the top of the device simultaneously after you arrive at the message "Set Up As New Device."
  5. Create a 4- to 8-digit PIN code. Write down and store this PIN in a safe place.
  6. Write down your 24-word recovery seed phrase at the prompt and store it in a secure place.
  7. Confirm the phrase.

How to use the Nano S Plus

To use your Nano S Plus, you will use the Ledger Live app on your desktop computer in conjunction with the device.

Connecting with Ledger Live

  1. Open the Ledger Live app on your desktop
  2. Input your Ledger Live password if you created one
  3. Plug your Nano S Plus into your computer
  4. Input the PIN code for your Nano S Plus

You should be able to see your digital asset balances via Ledger Live after following the steps.

Ledger Live on a mobile device

Adding apps to your Nano S Plus

To store the private keys to your various digital assets on your Nano S Plus, you must first add the apps that support each blockchain to your Nano S Plus:

  1. Using the Ledger Live interface, select the apps — like Ethereum — you'd like to add to your device.
  2. Confirm the addition of these apps by following the directions on your Nano S Plus device.
  3. Both Ledger Live and your Nano S Plus will show that the app is downloading.
  4. Repeat for all of the apps you'd like to use on your device.

Receiving funds on your Nano S Plus

Here's how to store the private keys to your Bitcoin (BTC), for example, on your Nano S Plus:

  1. Open the Bitcoin app on Ledger Live.
  2. Copy the Bitcoin wallet address displayed in the app.
  3. Follow the directions on your Nano S Plus to verify the address is correct.
  4. Input the address in the space provided in the wallet from which you're sending funds.
  5. Wait for the transaction to process. Some transactions can take longer than others based on network congestion.

Your updated balance will be visible via Ledger Live once the transaction has gone through.

Follow the same steps for whichever digital assets you'd like to manage via your Nano S Plus.

Staking with the Nano S Plus

Staking with the Nano S Plus is easy enough, but only a handful of digital assets are available to stake using Ledger Live as an interface — a main drawback to using any of Ledger's wallets for staking.

To use your Ledger Nano S Plus to stake any of the assets supported through Ledger Live:

  1. Create an account in Ledger Live for the coins you want to stake.
  2. Transfer the private keys to your crypto to your Ledger Nano S Plus.
  3. Select Earn rewards for the coins you want to stake.

To stake other digital assets while taking advantage of the security of your Ledger Nano S Plus, you need to use a third-party app like MetaMask.

Compare the Nano S Plus to other hardware wallets

1 - 3 of 7
Name Product Wallet Type Supported Cryptocurrencies Price (USD) Disclaimer
Ledger Nano X Wallet
Hardware wallet
BTC, ETH, XRP, BCH, ADA, LTC, BNB, EOS, XTZ, XLM & 5,000+ more
$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
BTC, ETH, XRP, USDT, BCH, LTC, EOS, XTZ, LINK, XLM & 1380+ more
$250
The next generation of hardware wallet from TREZOR, the Model T includes a host of new features including a touchscreen and improved processing.
Ledger Nano S Plus Wallet
Hardware wallet
BTC, XRP, ETH, BCH, EOS, XLM, LTC, DOT, BNB, USDT & 5,000+ more
$79
Secure and manage coins, tokens and NFTs with the latest hardware device from Ledger.
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Our verdict

The Nano S Plus is one of the most innovative and feature-rich new hardware wallets on the market. It can help you securely manage most digital assets — both cryptos and NFTs — at a competitive price point.

One of its main drawbacks, though, is that you can only stake a handful of the cryptos whose keys you store on the device via Ledger Live.

Storing the keys to your crypto is one of the riskiest aspects of investing in the asset class. Do your homework on all available crypto wallets before deciding which is best for your assets and goals.

Hardware wallets are widely considered the safest way to store your crypto, particularly if you're a regular investor or plan on holding for the long term.
Go to Ledger's website

Nano S Plus FAQs

Does the Ledger Nano S Plus have Bluetooth?

No, the Ledger Nano S Plus is not Bluetooth enabled.

Consider the Ledger Nano X if Bluetooth support is important to you.

Can I use the Ledger Nano S Plus with my iPhone?

No, you won't be able to use the Nano S Plus with your iPhone. Unlike the Ledger Nano X, the Nano S Plus isn't iOS compatible.

When was the Ledger Nano S Plus release date?

The Ledger Nano S Plus was released on April 4, 2022.

Cryptocurrency wallet ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

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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