The world of cryptocurrencies is forever evolving with new technologies and ideas. This can make cryptocurrency investing a tricky affair. As their popularity grows, so has the variety of cryptocurrencies available. Some cryptocurrencies are more popular, stable, and secure than others. That is why one of the essential steps in crypto investing is securing your assets. Digital assets can be stored in hardware wallets such as Ledger Nano S PLUS.
The Ledger Nano S Plus is a popular device in the cryptocurrency world. It lets you store, watch, and interact with your cryptocurrency from anywhere in the world. Since it is a hardware wallet, security is a significant priority. This Nano S Plus uses secure chip technology to secure your assets and transactions. All the data is stored offline, so there is no fear of hacking or malicious attacks. The firm also offers support to protect you from viruses and malware. But what makes this wallet more special than others? Here is a review of the ledger Nano s plus.
Supports over 1300 crypto assets and tokens
The hardware has private keys stored in the wallet chip
Support 100 applications
It supports most desktop and mobile OS
It is expensive compared to similar devices in the market
It is limited to 100 applications
Ledger Nano S plus doesn’t support the purchasing of any tokens
Unique Features of Ledger Nano X
The Ledger Nano S Plus is a very useful device. It is secure storage for your assets and an excellent way to access your cryptocurrency accounts. Beyond its security features, it has several important functions which can make using it convenient. Here are some unique Ledger Nano S plus features you should know about.
The USB type C is a recent addition to the world of hardware wallets. This type is extremely useful because it allows you to connect your wallet to more devices. It supports the new USB standard, making it easier to connect the Ledger Nano S PLUS to a computer or smartphone. USB-C is also easy to use.
Certified secure chip (CC EAL5+)
This device uses a certified secure chip which means it can support most of the cryptocurrencies available today. The secure chip is resistant to attacks and has a unique “Secure Element” process that can protect your assets. This feature makes it convenient to use since there is no need to worry about the security of your assets. It also means that you can store multiple assets using just one hardware wallet.
Another convenient feature of the Ledger Nano S PLUS is how it manages Non-Fungible Tokens (NFTs). NFTs are one of the latest types of crypto assets, like CryptoKitties. NFTs are not fungible because of their unique nature. The ledger wallet supports this asset and can’t be used on ordinary wallets. Before investing in this device, it is crucial to understand the difference between fungible and non-fungible assets.
Nano S Recovery Option
This recovery option makes it possible to recover your assets if your hardware device gets damaged or stolen. You only need a recovery sheet which you can use to access your assets from another wallet. This feature is handy because your assets might get lost or damaged. In the unfortunate case that your device fails, you should be able to get access to them.
The Ledger Nano S PLUS features several buttons. These buttons make it easy to use since they can help you perform many functions, like sending or transferring cryptocurrency. They also act as pin entries and can be used to give some crucial commands. The quick start guide will show you how to use these buttons and make the process easier.
The Ledger Nano S PLUS can also send security alerts when something happens to your assets. In case your device is in danger, you will receive a notification that can help you protect your assets and prevent them from getting stolen or lost. This alert is useful because it allows you to act quickly and in time to prevent any theft or damage by hackers.
The Ledger Nano S plus supports most of the cryptocurrencies that are available today. It should be able to support any coin which is listed on the app. This can help you access your digital assets and can also allow you to store them in a secure vault. The following are digital coins that can be stored in the ledger Nano s plus hardware wallet.
What’s in the Box
The Ledger Nano S plus comes in a small box. It sits nicely inside the box. The packaging is made of plastic, making it durable and easy to keep. Furthermore, it is fully recyclable, making it more environmentally friendly for you and the environment. In the box, you will find the following.
User Manual – The user manual will help you learn how to use your hardware wallet and what to keep in mind. It can also help you configure it properly. The user manual is easy to understand and guides users through the setup process step by step. This allows you to learn how to use your device without problems or error messages.
The Ledger Nano S PLUS – This is the main product, the hardware wallet you get when purchasing this device. It is a small-sized device that can fit in your pocket. It can be inserted into your computer, and it is also used to store and use your assets.
A USB type C Cable – You will need this cable to connect your Ledger Nano S PLUS to your computer. You can use this cable to charge your device or to connect it to a USB charger. It is imperative to know how to use this cable and how you should use it when you plug it into your device.
Ledger Nano S Plus Price
The Ledger Nano S plus price is around $79. This is a very affordable price and the best in the market. It is relatively equivalent to other cryptocurrency hardware wallets that can be found in the market. You may have to pay additional shipping fees depending on your location and your chosen delivery method.
The Ledger Nano S Plus can be set up quickly. However, it is crucial to understand how to configure and use it to get the most out of it. It is a unique device that can use multiple currencies, especially when you have an ERC20-compatible wallet. The configuration process is not hard to understand. However, it can be unclear if you do not know how to use the Ledger Nano S plus. It will take around 2-3 minutes to set up your Ledger Nano S plus for the first time. However, after that, you can add another currency within a few seconds.
Download and install Ledger Live
The first step to setting up your device is downloading the Ledger Live application. It is a free software application that allows you to manage your cryptocurrencies and many other assets, even if they are not stored in a hardware wallet. After you have installed this application, you can let it synchronize with your device. This synchronization process will take around less than a minute.
When you launch the application, you will be asked if you want to set up a new account or restore your previous one. The setup process will be slightly different, but in both cases, it is straightforward to do. If you want to set up a new account, you will be asked to input your details and create a password. It is essential to key in the correct information, as keeping access to the device will be imperative.
After you have set up your Ledger Nano S in the correct account, you will be asked to input your two-factor authentication (2FA). You can create a 2FA code or scan it from your existing devices. There are other configurations, such as choosing the language and accepting the terms and conditions. After that, you need to create a secure PIN code. This is crucial as it will protect your device from unauthorized access. After this step, you need to choose the correct application for your device. You can switch between apps using the two buttons on the left side of your Ledger Nano S plus. The first button should be used to go back a step in case you make a mistake and press one of these buttons mistakenly.
Receive Digital Assets
The next step is to receive digital assets. This is quite simple, as the Ledger Nano S PLUS application will guide you through the process. This can be done by sending funds to your Ledger Nano S plus address. You may have the private key of your wallet printed on a piece of paper, and you want to connect it to your device. In this case, you will need to set up your wallet and install the apps on your device using Ledger Live.
The ledger Nano s plus security is provided by the same technology, which is used to secure crypto assets and transactions. It is a secure EAL5+ certified Secure Element which provides an astonishing security level. You will be able to see what you are receiving before you send it over. Additionally, one of your two-factor authentication must be confirmed in order to send these funds out of your account. However, this option can easily be disabled if you want to send private transactions.
Ledger Nano S Plus vs. Ledger Nano S
They are both hardware wallets, however, they have a lot of differences that you need to consider when making your purchase decision.
The S Plus is 20 dollars more expensive than the Nano. That price difference is because the Ledger Nano S has no physical buttons and magnets, which makes the nano S PLUS even more secure and easy to use. The Nano S plus is the better version of this device, and the price difference is justified.
Both devices are unique in their design, however, the Ledger Nano S plus has an aluminum case which makes it even more resistant to damage physical damage. The Ledger Nano S has a plastic case and does not offer the same level of protection.
The Ledger Nano S plus is inherently faster than the Ledger Nano S as a result of the recovery of private keys, which allows you to do several operations at once without having to wait for your device to synchronize with your computer.
The Ledger Nano S plus is compatible with Ethereum, Bitcoin, and all ERC20 tokens. It can be used in different currencies and is not limited to only the ERC20 tokens. However, there is no Ledger Nano S Version 2 available yet due to the compatibility limitation of some cryptocurrencies (new ERC20 tokens).
The Ledger Nano S plus has a larger storage capacity than the previous version of this device as it supports more cryptocurrencies or assets. However, both versions have the same memory size and can hold up to 100 different digital assets.
Ledger Nano S Plus vs. Ledger X
A Nano x costs double that of a Ledger Nano S plus and is significantly more expensive. However, the Ledger X offers better security as two security layers protect your funds. The ledger Nano S does not have such a high level of security, but the ledger X does. Even though the S plus still has a secure element and supports more cryptocurrencies, the Nano X is better as it has a more advanced security level.
In terms of storage, they both have the same amount of memory which can hold up to 100 different ERC20 tokens. Although the Ledger Nano S plus supports more cryptocurrencies and assets, the Ledger X is better as it has two layers of protection. It will generate a new address every time you receive a payment. One layer is provided by the hardware wallet, and the other by private keys stored in your computer’s memory. The Nano X offers better security as there are two layers of protection, while you only have one with Ledger Nano S Plus.
Cryptocurrencies have become a phenomenon, with their popularity growing and their value increasing. Big names in the industry are getting behind them, and many people have begun to invest. The Ledger Nano S is an excellent way to store cryptocurrency or digital keys. However, it has some issues when it comes to using it. But if you are willing to sacrifice some of the conveniences, it’s a suitable device that can save you money. Overall it is a very secure and handy device that can secure your investment.
Please note that the information and pricing provided on our website is intended to be accurate, but we cannot guarantee that it is always up to date. Some free offers may have additional terms and conditions. Please be aware that we may receive a commission if you make a purchase through links on our site, at no extra cost to you. However, the content on our website is not intended as financial, investment, trading, or any other type of advice. We do not endorse or suggest that you buy, sell, or hold any type of cryptocurrency. Before making any financial decisions, we recommend consulting with a financial advisor.