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Is the Ledger Nano S Plus Still the Top Hardware Wallet?
Ledger Nano S Plus is one of the best hardware wallets for most people, when you consider price and functionality. It has a USB-C connection and generous storage, especially compared to other wallets on the market. Learn more in our in-depth Ledger Nano S review to find out if it’s best for you.
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- Exceptional value for the price
- Huge improvement over original Nano S with better screen and more storage
- Install over 100 apps with support for thousands of assets
- One of the most widely supported cold wallets in crypto
Ledger Nano Plus Pros & Cons
Pros
Excellent price point
A great beginner wallet thanks to low cost and intuitive set-up
Combine with web apps for DeFi, staking, NFTs and more
One or the most secure storage systems in the world
Cons
Mobile support is limited with USB-C connector (No iOS)
Still no touch screen
Build quality seems just OK
Cost can be prohibitive to brand-new crypto users
My Overview: This is a great entry-point hard wallet. I love using this one myself, and recommend it to anyone who asks me to point them to a good first wallet.
What Makes Ledger Nano S Plus Good?
Ledger, along with Trezor, is the best brand in the crypto wallet space. You’re getting the best support and security when you buy a Ledger product, period. The Nano S is a good option because, while it’s doesn’t come with all of the bells and whistles, it is good quality and a good price for a solid starter wallet.
Ledger Nano S Plus at a Glance
Feature
Our Rating (out of 5)
Description
Security
Top-tier cold storage and encryption protection.
Advanced Trading Features
Limited trading features compared to exchanges.
Cryptocurrencies Available
Supports all major cryptocurrencies seamlessly.
Altcoins Availability
Supports many altcoins, but not all natively.
Staking Features
Enables staking for select assets directly.
Customer Service
Excellent customer support and help resources.
NFT Support
Supports NFTs through specific integrations.
Is the Nano Plus Wallet Good for Beginners?
The Ledger Nano Plus is an excellent choice for new cypto users looking to dip their feet into the world of hardware wallets (also known as cold storage).
For most people just getting into crypto, a simple, free software wallet will likely do the trick. But many users gravitate towards the extra security provided by a hardware wallet.
We love the Nano S Plus because it’s:
- Relatively cheap
- Relatively easy to use
- Compatible with a huge amount of apps in the crypto ecosystem
Also, while setting up a hardware wallet for the first time can be a learning experience, Ledger offers one of the better on-boarding processes, keeping newcomers from being overwhelmed.
What Cryptocurrencies Are Supported
The wallet supports nearly every major cryptocurrency in history, including Bitcoin, Ethereum and Solana, as well as smaller market-cap coins like Apecoin, NEAR, and Fantom.
Many major coins also have apps on the device which make interacting with cryptocurrencies even easier.
Here’s a small sampling of supported coins:
- Bitcoin (BTC)
- Ethereum (ETH)
- Polygon (MATIC)
- Solana (SOL)
- Polkadot
- Litecoin (LTC)
- Stellar (XLM)
- Monero (XMR)
- Cosmos (ATOM)
- Dogecoin (DOGE)
- SHIBA INU (SHIB)
- Tether (USDT)
What Are the Best Features on Nano Plus?
The Ledger Nano Plus is arguably the best value when it comes to crypto hard wallets.
Starting at $79, it offers all the security of the flagship Nano X at almost half the cost. It also compares well to competing Trezor devices.
If you previously had a Nano S, then the best feature is improved storage capabilities. The original Nano S’s hard drive could only store 2-3 crypto apps. It was fine for Bitcoin maximalists but tough for everyone else.
One other area where the Nano S Plus excels is its compatibility with a huge swath of the crypto ecosystem.
You can use a Ledger device to secure web wallets like Phantom, Keplr, Guarda, and many others. It’s worth noting that Exodus Wallet is one of the few wallets with no support for Ledger (it uses rival Trezor for hardware support).
If you don’t want to leave the Ledger ecosystem you can also use the proprietary Ledger Live software to gain access to DeFi, staking, exchanges and NFTs through downloadable apps. You can even buy crypto using Ledger Live in certain jurisdictions.
The Ledger Nano S (top) compared to the Ledger Nano S Plus (bottom). Note the improved screen.
How Does the Device Feel?
The Nano S Plus is larger than the original Nano S and benefits from a bigger, brighter screen that’s easier to read.
It retains the USB shape with sliding protective hinge and the USB-C connector is a huge upgrade over the old Micro-USB, which was difficult to connect.
It should be noted however, that the Ledger Nano S is very lightweight and feels like it’s mostly made of plastic. It shouldn’t really be a problem for most people but it doesn’t exactly feel like a premium device.
Is the Ledger Nano S Plus Safe?
This wallet is one of the safest ways you can possibly secure your crypto.
Hardware wallets have an innate advantage over software versions because they store your private keys on device (never connected to the internet directly). That’s the reason they are referred to as “cold storage”.
Ledger Nano S Plus has been fully certified by French cybersecurity agency ANSSI (like all Ledger devices). It has a secure element chip onboard that stores your private keys and signs transactions.
Like all Ledger wallets, the device is secured by a 4-8 digit pin in addition the to password that will be used with your corresponding wallet software (such as Ledger Live). If your wallet is lost or otherwise compromised you can recover your crypto using your 24-word recovery phrase.
It should be mentioned that Ledger did have some of its customer’s data leak in 2021. Rogue actors at a e-commerce partner Shopify were hacked and a number of Ledger’s customer’s email, addresses and phone numbers were exposed.
The wallets themselves, however, have never been compromised, and Ledger maintains a stellar reputation in the industry.
What’s in the Box?
The Ledger Nano S Plus box includes the hardware wallet, USB-C to USB-A connector, one getting started leaflet, a keychain strap and three recovery sheets.
The Android connector is sold separately.
Everything that comes in the Ledger Nano S Plus box.
Ledger Fees
Since Ledger is a wallet (rather than an exchange), you don’t really have to worry about fees. If you go to send, the fees that you’re charged are the ones by the Networks themselves (the blockchain). For example, if you send Ethereum, you’ll have to reserve a portion of your ETH for gas. You can choose Fast, Medium or Slow, and each will have a different fee associated with it. However, that fee is from Ethereum; it’s not from Ledger.
Supported Operating Systems
The Nano S Plus is available for Windows, MacOS and Linux computers.
It also offers limited support for Android devices thanks to its USB-C connector. You’ll have to purchase an extra OTG kit to connect to a mobile device and there is no way to wirelessly connect it to any device.
Customer Support
Ledger is one of the biggest crypto companies in the world and offers a support team that includes options for FAQ, email and social media.
We’ve found the Ledger subreddit to be particular helpful for getting questions answered quickly (there’s also a Twitter account). You can even utilize the Ledger YouTube channel to learn more about setting up their devices.
Potential Dealbreakers
One big dealbreaker for some is that it isn’t compatible with iPhones.
There’s simply no way to connect a Ledger Nano S Plus to an iPhone or iPad at this time. For that you’ll have to purchase the Nano X, which offers Bluetooth. You can still use the USB-C connection to interface with MacBooks, however, so Apple users aren’t completely left in the dark.
Another con is that the build quality of the Nano S Plus feels mostly plastic and not particularly sturdy.
You won’t find a beautiful touch screen on this device either. Anyone looking for a large touch screen will likely have to look at devices from Trezor, but you’ll have to pay more in comparison.
Finally, if you’re trying to spend as little money as possible, you should consider free software wallets as a potential alternative.
Our Best Selected Alternatives
Ledger Nano S Plus has its place in the crypto space, but it’s not the perfect wallet for everyone. Here are some alternatives to consider.
Wallet
Cost
Cryptocurrencies Supported
Operating Systems
Who Is The Ledger Nano S Plus For?
This product is ideal for anyone new to cryptocurrency that wants to work with an easy-to-use hard wallet. It’s not that expensive, it’s user-friendly in terms of setup, and their safety and security is top-notch. It’s a good entry point for those who want a safer place to store their digital assets instead of an exchange.
Frequently Asked Questions
Yes. The Nano S Plus is better than the Nano in nearly every aspect (other than price). We would highly recommend paying the extra cost to get the Plus.
It’s unclear if Ledger will phase out the Nano S but it seems likely.
Unfortunately no. The Nano S Plus simply doesn’t support iOS devices of any kind, regardless of connection type.
You should always buy directly from the ledger.com website. These kinds of devices can be tampered with so it’s not recommended to use a third-party website in this case.
Only Android devices with USB-C connections. You’ll also have to buy a USB-C to USB-C cord.
You could theoretically hold thousands of different cryptocurrencies on a Plus. Of course the coins work better with corresponding apps. The Nano S Plus has storage for roughly 100 different crypto apps.
No it is not waterproof. However, you can restore your crypto using a recovery seed phrase if it’s damaged, though you’ll most likely need to purchase a new hardware crypto wallet.
