Review on Ledger Nano S Wallet by José A Rodríguez
Ledger: A Golden Trusted Leader in Wallets Services
Ledger Nano's products are something that I like the most since I'm learning about cryptos projects. In a previous review, I wrote about Ledger Blue Wallet and you should take a look at it. Today, I want to highlight the greatest popularity of Ledger Nano S.
This hardware wallet supports a wide set of cryptocurrencies. In general, this is an all-in-one wallet. Perhaps, the only issue I might encounter is that it is not so easy to start working with wallets like this since the hardware options are really expensive and difficult to buy in Venezuela. However, I enjoy watching its demo services on the Internet. For Todays' review, I have some open-ended questions that will help all understand why this wallet is one of the most preferred by millions of crypto-users.
Are Ledger Nano S' costs a reward or a loss?
Although it has an exorbitant price, it is something that can be paid because it provides real support on cold storage and a wide security framework. Buying this wallet it's certainly a good investment. What is more, Ledger is offering great promotions based on kits for families and companies that include at least three hardware wallets at good prices. But why is it so good?
Firstly, it is small and compact and considered a great option for desktop. All work is commonly offline. If you are a laptop user, this hardware is portable and easily integrated wherever you are. Secondly, security is guaranteed. When new users get inside for the first time in the hardware wallet, they will be able to set a PIn, and the wallet will generate a 24-word seed. Finally, all transactions and wallet management occurs through and in-app called Ledger Live. So, everything occurs in the same place.
Is it a limited crypto-wallet supporter?
Ledger Nano S has a Gold title among crypto believers because it has a great amount of crypto acceptance. Currently it is based on 26 main coins and +1,200 tokens. We know the major leader is BTC and all the ERC-20 partnered with it. Although it has a finite number, this is not always limited because 1,200 tokens are a lot to manage.
To sum up, Ledger will continue surprising with its outstanding services for such an amazing wallet.
Pros
- Staking process. Ledger Nano S supports the Proof-of-Stake (PoS) option that permits users to manage their coins and work with blockchain to validate new ones. This contributes to the development of this wallet.
- Ledger's customers receive frequent benefits and rewards as well as promotions. So, if you are already a Ledger user, you can invite friends and parents to buy this wallet and unlock great rewards.
- Offer security to other wallets. Electrum and MEW can be supported by Ledger and have extra security.
- Advanced multi-currency cryptocurrency hardware wallet. BTC, ETH, XRP, LTC ZEX, or even Dash are just a list of the supported cryptos
Cons
- High prices for buying the wallet. However, this is not a major issue since it works reliably. Ledger products are trusted by millions.
