Why We Chose It
Pros and Cons
The Ledger Nano S is the first generation hardware wallet introduced by Ledger, one of the first hardware wallets ever made. Like the Nano S is compatible with 1800+ cryptocurrencies. The Nano S does not come with a USB Type-C cable, so users with more modern smartphones may have trouble connecting to their devices.
The Nano S is essentially the same as its successor, the Nano X, minus a couple of features. Both support the same list of cryptos and have access to the Ledger Live software. Unlike the Nano X, Nano S lacks Bluetooth connectivity, and it only stores up to three apps versus the 100 that can be simultaneously stored with Nano X.
The Nano S only has enough storage to make wallets for a limited number of cryptocurrencies at a time. If you were to delete an app to add another type of cryptocurrency, their online guide says it will not affect your assets.
The deleted wallet, and crypto within it, can still be seen in Ledger Live, but the wallet will not be seen on the Ledger device itself. This means that if you would like to send or receive to the wallet you have deleted, you may have to delete another wallet to make more room.
That said, at just $59, the Ledger Nano S is a fantastic wallet for those looking to store their cryptocurrency safely for a fair price. It is also quite easy to use with Ledger Live, making it an ideal product for a beginner looking for safe and simple storage for a handful of cryptocurrencies.
Read the full Ledger Nano S review.