Ledger Nano S Plus Review 2024: All about the cryptocurrency wallet

The Ledger Nano S Plus is an hardware wallet that offers secure, offline storage for cryptocurrencies. The wallet is designed to mitigate common security risks associated with hot storage, such as security breaches. The Ledger Nano S Plus is an upgrade to the Ledger Nano S, with additional features and support for more cryptocurrencies.

The Ledger Nano S Plus is a popular option for those who want to store their cryptocurrencies securely. The wallet is easy to use and features an intuitive interface that allows users to manage their cryptocurrencies with ease. Furthermore, the wallet supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin and Ripple, among others.

The wallet also supports DeFi applications and exchanges, allowing users to manage their cryptocurrencies more efficiently. However, the wallet has some limitations, such as the lack of Bluetooth support and the need to use a USB cable to connect the wallet to a device. Overall, the Ledger Nano S Plus is a solid option for those who want to store their cryptocurrencies securely and with ease of use.

Company Overview

The Ledger Nano S Plus, launched in June 2022, represents a notable evolution in the hardware wallet family. Designed to ensure efficient integration with mobile devices, this wallet excels at offline cryptocurrency storage, providing robust and reliable security. The implementation of “cold storage” is just one of several features that make it ideal for cryptocurrency investors.

With the capacity to house up to 100 different types of cryptocurrencies, the Nano S Plus adapts to the varied demands of its users. Additionally, the companion app, Ledger Live, expands this capability by supporting over 5.000 digital currencies.

What really sets the Nano S Plus apart is its cutting-edge security features. The inclusion of a secure element chip and the functionality of an individual PIN code are crucial aspects that reinforce protection against unauthorized access and potential digital threats.

This hardware wallet, with its suite of innovative features, is a comprehensive and secure solution for storing and managing cryptocurrencies, meeting both the basic and advanced needs of investors in this constantly evolving market.

What is Ledger Nano S Plus cryptocurrency wallet?

The Ledger Nano S Plus is a hardware wallet from Ledger, a French company that specializes in cryptocurrency storage and management solutions. This wallet is an upgraded version of the Ledger Nano S, another popular device from the same company.

The Ledger Nano S Plus is a cold storage device that allows users to store their cryptocurrencies offline, which is considered one of the safest ways to protect your digital assets. It uses secure chip technology to store users' private keys, meaning the keys are never exposed to insecure internet connections or computers.

The new version of the device has a renewed design that includes a larger screen and redesigned internal components. The larger screen allows users to view more information about their transactions and balances, which can be useful for those who handle multiple cryptocurrencies. Additionally, the Ledger Nano S Plus has five times more storage space available for apps compared to the Ledger Nano S, allowing users to install more cryptocurrency apps on their device.

The price of the Ledger Nano S Plus is US$79, which can be considered average when compared to other hardware wallet models available on the market. The device packaging includes a USB-C cable for connecting to your computer and a quick start guide. Users can also visit ledger.com/start for more information on how to set up and use the device.

How to use Ledger Nano S Plus?

The Ledger Nano S Plus is a hardware wallet device that allows you to store your cryptocurrencies securely. It is easy to use and comes with a detailed user manual to help users set up and use it.

To get started with Ledger Nano S Plus, follow these simple steps:

1. Connect the device to your computer using the supplied USB cable.
2. Follow the on-screen instructions to set up your device and create a strong password.
3. Download and install the Ledger Live application on your computer.
4. Open the Ledger Live app and follow the on-screen instructions to connect your device.
5. Transfer your cryptocurrencies to your Ledger Nano S Plus wallet.

Once your cryptocurrencies are stored in the Ledger Nano S Plus wallet, you can easily manage them using the Ledger Live app. The app allows you to view your balance, send and receive cryptocurrencies, and manage your accounts.

To ensure the security of your cryptocurrencies, it is important to keep your Ledger Nano S Plus updated with the latest firmware updates. The device also has advanced security features such as two-factor authentication and phrase recovery backup to help protect your cryptocurrencies against hackers and other security risks.

Product Overview

• Wallet type: cold
• Supported currencies: 5.500+ digital assets
• Purchase cost: $79
• Built-in Bag: Y
• Device size: 62,39 x 17,40 x 8,24 mm
• Mobile app: Android

Pros and Cons Explained

Pros explained

• Offline Storage Security: The Nano S Plus ensures offline storage (cold storage), reducing the risks associated with online storage (hot storage). It stores private keys on a secure chip, protecting them from unwanted exposure.
• Broad Compatibility with Digital Assets: By integrating the Nano S Plus with the Ledger Live app, users have access to more than 5.500 types of cryptocurrencies, expanding options for investors.
• Compact and Economical: The Nano S Plus is smaller in size (62,39 x 17,40 x 8,24mm) and lighter (21g) compared to the Nano 79 of the Nano X.

Cons explained

• Lack of Bluetooth Connection: OS Plus does not have the ability to connect to devices via Bluetooth or to Chromebooks, limiting users to connections using USB Type A or C cables.
• Limitation with iOS Devices: OS Plus is only compatible with Android devices, which can be a limiting factor for investors using iOS devices.

Supported Cryptocurrencies

The Ledger Nano S Plus is an advanced hardware wallet that supports a wide range of over 5.500 cryptocurrencies. Among these, some of the most popular and widely used on the market stand out, such as:

• ERC20
• ERC721
• TRC20
• TRC10
• BEP2
• SOL

Complementing the hardware wallet, the Ledger Live mobile app offers investors the ability to manage a wide range of cryptocurrencies. However, it is important to note that although the Ledger Nano S Plus can store multiple tokens, some of them are not compatible with the Ledger Live app. Among these assets that require management external to the app, there are cryptos such as:

• EOS (EOS)
• Monero (XMR)
• VeChain (VET)

This combination of versatility and security makes the Ledger Nano S Plus a robust choice for those looking for a comprehensive solution for managing different types of cryptocurrencies.

Ledger Nano S Plus Price

Price is a crucial aspect when choosing a wallet de Ledger Nano S Plus hardware from investors. With a market value of US$79, the Nano S Plus comes with a micro USB-B cable, offering an affordable option for secure cryptocurrency storage.

For those who wish to connect the Nano S Plus to an Android smartphone, an On The Go (OTG) kit must be purchased separately, available for US$17,99. It is important that investors carry out thorough research and price comparisons, always choosing to purchase through authorized and verified resellers, thus ensuring the authenticity and safety of the product.

Is the Ledger Nano S Plus safe?

Security is a fundamental pillar of the Ledger Nano S Plus, which adheres to the highest security standards in the cryptocurrency industry. Ledger employs certified Secure Element (SE) chips, known for their robustness against intrusions, comparable to hardened microcontrollers.

These chips pass the rigorous Common Criteria (CC) EAL5+ certification process. Additionally, the French National Agency for Information Systems Security (ANSSI) carried out an independent audit, confirming the security of Ledger devices.

A differentiator of Ledger devices is the use of their own operating system, called Blockchain Open Ledger Operating System (BOLOS). This unique feature, according to Ledger, places its hardware wallets as the only ones on the market to combine a Secure Element chip with a specialized operating system. The system architecture provides effective separation of cryptographic applications, significantly mitigating the risks of cyber attacks.

To further reinforce security, Ledger incorporates additional measures to protect users' personal protection:

• A PIN code of at least four digits.
• The need to simultaneously press both buttons on the physical device to carry out altcoin transactions.
• A 24-word recovery phrase, displayed exclusively on the physical device and not in apps.
• These features ensure that the Ledger Nano S Plus offers one of the most secure environments for storing and managing cryptocurrencies.

Ledger Nano S Plus: How to configure

The process of starting up and using the Ledger Nano S Plus hardware wallet is designed to be accessible to both novice and experienced cryptocurrency investors. Accompanied by a USB device, the wallet is equipped with two buttons and a screen, facilitating interaction and navigation through the menus.

The Ledger Live app complements the experience by offering a detailed setup guide. This guide includes additional security recommendations, ensuring users can configure their devices simply and securely.

For more comprehensive support, Ledger Academy is a valuable source of information, featuring a variety of articles, videos, and tutorials geared toward users interested in blockchain and cryptocurrencies. Additionally, the Ledger website provides an informative guide, covering everything from initial setup to cryptocurrency transfers and other wallet features.

Thus, the Ledger Nano S Plus not only stands out for its functionality and security, but also for the comprehensive support it offers its users, facilitating integration into the world of cryptocurrencies.

User satisfaction

In terms of customer satisfaction, Ledger generally receives positive reviews for its products, including the Ledger Nano S Plus. However, some criticisms arise, mainly related to the lack of Bluetooth connectivity and the strict security measures implemented. These features, while resulting in less convenience, are seen as a necessary compromise to ensure robust security.

Additionally, issues regarding the device's storage capacity are also mentioned by some users. Ledger clarifies storage specs on its website, and for those looking for greater capacity, the Nano X model, which includes Bluetooth, is often recommended.

In the event of issues with a Ledger device after purchase, the company advises customers to complete an online return form within 14 days of receiving the hardware wallet.

To further assist its customers, Ledger provides a comprehensive help center, live chat support, and multiple social media channels where users can seek assistance. This comprehensive and dedicated support contributes to the trust and overall satisfaction of Ledger customers.

What is the best Ledger Nano cryptocurrency wallet?

Ledger Nano S Plus vs Nano X

Comparing the Ledger Nano S Plus and Nano X, both devices maintain equivalent security standards and support the same types of cryptocurrencies. The notable difference between the two models lies mainly in the additional features that the Nano X provides.

The Nano X stands out for its Bluetooth connectivity functionality, which allows users to access their cryptocurrencies and carry out transactions from anywhere in the world. Additionally, the Nano X has a superior storage capacity, capable of supporting up to 100 cryptocurrency applications. These features give the Nano X an advantage in terms of convenience and versatility, especially for users looking for a more comprehensive solution for managing their cryptocurrencies.

Ledger Nano S Plus vs Trezor One

In the cryptocurrency sector, the Ledger Nano S Plus and Trezor One hardware wallets stand out for their offline crypto storage capabilities. These devices differ significantly in terms of supported cryptocurrencies, design and software features.

The Ledger Nano S Plus model is recognized for its compatibility with an extensive list of cryptocurrencies. This device has a design that resembles a pendrive, complemented by a metal strip, however, it is not based on open source. On the other hand, the Trezor One wallet, despite supporting a more limited spectrum of cryptos, is notable for its open-source nature and is constructed using plastic material.

Conclusion

The Ledger Nano S Plus hardware wallet is highly recommended for storing cryptocurrencies in an offline environment, a feature that makes it especially useful for investors who are just starting out or who trade crypto sporadically. For those who are most actively involved in cryptocurrency market and want easier access to the Internet, it may be more appropriate to opt for a device with Bluetooth capability.

Although the Ledger Nano S Plus is compatible with a wide range of cryptocurrencies, the issue of storage capacity remains a point of attention for investors. Those who wish to expand access to a greater number of cryptocurrency-related applications may need to turn to solutions provided by third-party applications.

FAQ

What is the difference between Ledger Nano S and Nano S Plus?

The Ledger Nano S Plus is the upgraded version of the Ledger Nano S. The main difference between the two devices is that the Nano S Plus has a larger screen, which makes it easier to check and confirm transactions. Additionally, the Nano S Plus supports over 5.500 cryptocurrencies and tokens, while the Nano S only supports around 1.100.

Is Ledger Nano S obsolete?

Not necessarily. Although the Ledger Nano S is no longer Ledger's latest device, it is still a secure and reliable device for storing cryptocurrencies. However, if you want support for more cryptocurrencies and a larger screen, the Ledger Nano S Plus might be a better option.

Can I connect Ledger S Plus with iPhone?

Yes, you can connect Ledger Nano S Plus with iPhone. However, you will need to use a USB-C to Lightning adapter to connect the device to your iPhone.

How many coins can fit in the Nano S Plus?

Ledger Nano S Plus supports over 5.500 cryptocurrencies and tokens. However, the exact number of coins you can store on your device depends on the size of your transactions and available storage space.

What is the best Ledger wallet?

The best Ledger wallet depends on your individual needs. If you are looking for a device with a larger screen and support for more cryptocurrencies, the Ledger Nano S Plus could be the best option. However, if you need a more portable device and don't need support for as many cryptocurrencies, the Ledger Nano S might be a better choice.

What is Ledger Live?

Ledger Live is a desktop and mobile application that allows you to manage your cryptocurrencies stored on Ledger devices. With Ledger Live, you can check your wallet balance, send and receive cryptocurrencies, update your device's firmware, and much more.