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.
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."
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 $70 for the Nano X's battery life and the convenience of its Bluetooth and iOS compatibility.
From bottom to top: Nano S, Nano S Plus, Nano X
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:
Scroll through the welcome message on the Nano S Plus using the button at top right.
Select both buttons at the top of the device simultaneously after you arrive at the message "Set Up As New Device."
Create a 4- to 8-digit PIN code. Write down and store this PIN in a safe place.
Write down your 24-word recovery seed phrase at the prompt and store it in a secure place.
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
Open the Ledger Live app on your desktop
Input your Ledger Live password if you created one
Plug your Nano S Plus into your computer
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.
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:
Using the Ledger Live interface, select the apps — like Ethereum — you'd like to add to your device.
Confirm the addition of these apps by following the directions on your Nano S Plus device.
Both Ledger Live and your Nano S Plus will show that the app is downloading.
Repeat for all of the apps you'd like to use on your device.
Here's how to store the private keys to your Bitcoin (BTC), for example, on your Nano S Plus:
Open the Bitcoin app on Ledger Live.
Copy the Bitcoin wallet address displayed in the app.
Follow the directions on your Nano S Plus to verify the address is correct.
Input the address in the space provided in the wallet from which you're sending funds.
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 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:
Create an account in Ledger Live for the coins you want to stake.
Transfer the private keys to your crypto to your Ledger Nano S Plus.
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.
Ledger Nano S Plus alternatives
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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.
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.
Hardware wallet ratings methodology
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We full 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:
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.
Frank Corva is the senior analyst for digital assets at Finder. Frank has turned his hobby of studying and writing about crypto into a career with a mission of educating the world about this burgeoning sector of finance. He worked in Ghana and Venezuela before earning a degree in applied linguistics at Teachers College, Columbia University. He taught writing and entertainment business courses in Japan and worked with UNICEF in Nambia before returning to the States to teach at universities in New York City. He spent years as a publicist and graphic designer in the music industry, working for record labels like Warner Music Group and Triple Crown Records, and he's also a former music journalist whose writing and photography has been in published in Alternative Press, Spin and other outlets.
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