Ledger Nano S Review 2021 ): Still The Best Hardware Wallet?
Buy a Ledger Nano S
Before we get into the main review, let’s go over who the Ledger Nano S is good for:
Cryptocurrency investors who want the easiest and cheapest way to secure cryptocurrency An investor who plans to store many different coins
Quick Review – What is a Hardware Wallet?
Before we dig into the Ledger Nano S review, here is brief refresh on what a hardware wallet does:
Hardware wallets are secure, offline devices. They store your cryptocurrency offline so you can’t be hacked.
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Think of a hardware like your bank account. A mobile wallet–one you’d install on your smartphone–is more like your wallet that you carry cash in.
A hardware wallet’s functionality is to secure large amounts of crypto.
A Great Tool for Cryptocurrency Investors
Cryptocurrency investors are responsible for securing their own funds.
And if you’re looking to secure cryptocurrency, the Ledger Nano S is one of the easiest and cheapest ways.
Legendary Bitcoin author, developer and speaker Andreas Antonopoulos believes that hardware wallets are the best storage solution for the average person:
There are more complex solutions, but if you’re not a top of the line developer, losing money by accident is more likely than actually being hacked.
The Nano S and other hardware wallet simplify security for you.
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Cryptocurrency Investors Who Invest in Lots of Different Crypto Assets
The Ledger Nano S (or the more expensive Nano X) is one of the best hardware wallet options if you plan on investing in Bitcoin (BTC) and altcoins.
Here’s an overview of some of the 1000+ digital assets it supports:
The Ledger Nano S supports more digital assets than its main competitor:
TREZOR Model T.
Since we get a lot of requests:
Yes, the Ledger Nano S does support Ripple (XRP).
It also supports any ERC20 token on the Ethereum network.
Price
The Ledger Nano S is priced at $59 USD. This also includes free shipping to almost every country.
The S’s $70 USD price tag makes it equal to the Trezor One.
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Make sure you NEVER buy a Ledger Nano S or any other hardware wallet from eBay.