Ledger Nano S Review: The Best Crypto Wallet for Beginners?

The Ledger Nano S is one of the most popular cryptocurrency hardware wallets in the world. Ledger is a French company that helped pioneer the hardware wallet space when it launched in 2014. The Ledger Nano S, its first product, quickly took off as the de facto wallet of choice for crypto enthusiasts thanks to its ease-of-use, security, small device size, and affordability.

The Ledger Nano S supports over 1,100 different digital assets. It also connects with Ledger’s proprietary desktop software called Ledger Live, which makes checking your balance incredibly easy. Our Ledger Nano S review will help you decide if it is right for you.

Ledger Nano S Overview

Ledger Logo

Ledger Nano S

  • Excellent value at price point
  • Easy to use
  • Supports 1000+ digital assets
  • Very secure

Pros of Cons of the Ledger Nano S

The Benefits PRO's
  • Amazing price point
  • Easy to use
  • Certified by ANSSI
  • Supports 1000+ cryptocurrencies
The Downside CON's
  • No Bluetooth support for mobile phones
  • No touchscreen
  • Requires micro-USB cord to connect to device
  • Can only hold a limited amount of different cryptos at the same time

Ledger Nano S at a Glance

Wallet type: Hardware
Platforms supported: Windows, MacOS, Linux
Cryptocurrency supported: Bitcoin, Litecoin, Ethereum (1,100 others)
Cost: $60-$80
Device size: Small
Trust rating: High
Year released: 2016
Pin Code Supported: Yes
Mobile support: No
Built-in display Yes

Beginner Perspective of Ledger Nano S

The Ledger Nano S is a good choice for beginners and is fairly easy to set up. Ledger provides detailed instructions both in the box and online. Once set up, the Ledger Nano S can be used to send and receive crypto assets by using the Ledger Live app. When using the Ledger live app, you will still see clear step-by-step instructions. Confirming to send transactions on the Ledger device is a simple click of a button.

It is also affordably priced, making it a worthwhile initial investment and a safer alternative to storing crypto assets on an online software wallet.

Best Features

Starting at just $59 the Ledger Nano S hardware wallet provides one of the most secure ways to store BitcoinEthereumBitcoin Cash and other cryptocurrencies. It is not connected to the internet and therefore it is nearly impossible to hack your private keys. It is also easy to use, thanks to detailed instructions.

The combination of security and ease of use when combined with the Ledger Live app, along with the multitude of supported assets, gives the Ledger Nano S user a rich experience.

What Cryptocurrencies Are Supported

Some assets such as Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin work best with the Ledger Nano S because there’s built-in support for Ledger Live (Ledger’s desktop interface). Overall the Ledger Nano S supports 1000+ digital assets.

Here’s a list of some of the major cryptos the Ledger Nano S supports:

Is the Ledger Nano S Safe?

The Ledger Nano S has been fully certified by French cybersecurity agency ANSSI. It has a secure element chip onboard that stores your private keys and signs transactions.

In order to access the device you need to enter your chosen 4 or 8-digit pin code. All transactions must be confirmed by physically pressing the buttons on the Ledger Nano S. This means that no one can send assets from your accounts without having physical access to your device and knowledge of your pin code. Upon 3 incorrect pin tries, accounts on the Ledger Nano S are wiped.

As long as you have your 24-word recovery phrase, you can always recover access to your crypto assets even if the device is wiped.

In order to prevent tampering, all Ledger devices come sealed with an anti-tampering sticke. As long as you purchase it from a trusted source, it is one of the most secure ways to store your cryptocurrency.

Supported Operating Systems

The Nano S offers support for Windows, MacOS and Linux.

The Nano S does not have built-in support for Android or iOS mobile devices. To connect to an Android mobile phone of tablet, you can buy an OTG kit from Ledger. This kit contains cables and adaptors required to connect your Ledger Nano S with your Android device. There is no support available to connect to an iOS mobile device.

Potential Dealbreakers

The Nano S has a somewhat limited hard drive capacity. This means you will only be able to have a certain number of apps on the device. However, you can add and remove apps as you choose without losing your crypto assets.

The lack of Bluetooth connectivity is a potential drawback. To get Bluetooth you’ll have to upgrade to the more expensive Ledger Nano X.  Some of the newer hardware crypto wallets by Ledger include built-in batteries and Bluetooth for a completely wireless experience.

Ledger Nano S Frequently Asked Questions

About the Author

Arthur Crowson, CryptoVantage

Arthur Crowson

Arthur Crowson is an award-winning writer and editor who hails from the Pacific Northwest. His career began in traditional news media but he transitioned to the online arena in the mid-2000s and has written extensively about the online poker boom and the rise of cryptocurrency.