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Review on Ledger Nano S Wallet by Sharron Robertson

Revainrating 4 out of 5

Ledger Nano S Hardware Wallet Review.

The Ledger wallet is considered the most secure hardware wallet for crypto coins as they are built upon the same “secure elements” as smartphone SIM cards and the technology that underpins chips and PIN payments. With extensive experience in the digital security sector, Ledger’s wallets guard against physical attacks and improve the overall protection of any private keys.

Choice of coins 👍 - The latest arrival to the Ledger wallet portfolio, the Nano S, boasts support for up to 30 different cryptocurrencies, from Bitcoin and Bitcoin Cash through to Ethereum and Ripple XRP. The Ledger Blue touchscreen device also supports 24 cryptocurrencies, with the ability to manage a maximum of 11 crypto assets at the same time.

Mobile & Desktop 💻 - At the start of 2018, the Ledger wallet announced the release of a new app designed to work on all Windows, iOS and Android mobile devices alongside its desktop edition.

Operating systems 💿 - The Ledger wallet is designed to operate effectively and securely on all leading operating systems, including Windows 10 and macOS High Sierra.

The Ledger Wallet fees 💲 - At the time of writing, Ledger wallet fees are only incurred when buying either of the hardware wallets outright. The Ledger Nano S is available from Ledger for £89.99 and the Ledger Blue costs £249.99.
In addition, users of either Ledger hardware wallet will incur transaction fees when transferring cryptocurrency assets. For instance, when sending Bitcoin to another user or address, you’ll be required to pay a transaction fee. This can be one of three levels, based on the priority of your transaction. If you need the transaction confirmed quickly, choose the highest and most expensive level to ensure Bitcoin miners confirm the switch on the blockchain as soon as possible.



Pros
  • Affordable technology and More secure than software and paper wallets
  • Ideal for crypto investors looking to buy multiple coins
  • Supports multiple cryptocurrencies
  • Funded by some of the world’s leading investors
Cons
  • Little support for passphrases
  • Still relatively unknown to most crypto investors
  • Only available on official Ledger site and Amazon

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