Review on Ledger Nano S Wallet by Benaiah A. Akinlade
Ledger Nano S wallet: The Upgrade to HW1
In my review on the discontinued Ledger HW1 Wallet, I had defined what a hardware wallet is and what it does. But Ledger Nano S is a step higher.
It is a secure Bitcoin hardware wallet that connects to any computer through its USB port. It has a built-in OLED display for confirming each transaction just by pressing its buttons.
It was released in 2016 and costs around 59 USD.
Ledger Nano S accommodates numerous blockchain-based cryptocurrency apps such as btc, ltc, eth, etc
It gives you full control over your cryptocurrency because nobody but you can have express access to your funds as long as you are responsible enough to secure and back up your wallet.
You can validate payments by the software wallet you use with the device.
Since software cannot be installed on it, then it can’t be infected with virus because the wallet is uploaded from a well secured environment.
Ledger Nano S is one of the best hardware wallets available for people investing in different cryptocurrencies.
Pros
- It is not too expensive at 59 USD
- The Ledger Nano S supports many crypto coins
- It is interactive with its OLED screen
Cons
- It does not support passphrases
