Ledger Nano S Plus is a hardware wallet, released in June 2022. This device enables seamless connectivity to your mobile device for the efficient and secure offline storage of cryptocurrencies. The wallet has several capabilities in addition to cold storage to fulfill investor needs.
How Many Crypto Currencies Does Nano S Plus Support?
On the Nano S Plus, investors may store up to 100 different cryptocurrencies, while the Ledger Live software can handle over 5,000 different currencies. The strong unique security features of this wallet include a secure element chip and a PIN.
Benefits of Using Ledger Nano S Plus
1. Secure, offline storage
The Nano S Plus offers cold storage to reduce security breaches that are frequently experienced while utilizing hot storage. The device saves private keys on the secure chip, keeping them hidden, just like in air-gapped cold storage.
2. Supports 5,500+ digital assets
Over 5,500 coins are supported by the Nano S Plus and Ledger Live app collectively, allowing investors a wide range of choices.
3. Smaller and cheaper
The S Plus is lighter (21g) and has smaller overall measurements (62.39 x 17.40 x 8.24mm) than the Nano X. The S Plus is also cheaper, going for $79 (as opposed to the Nano’s $149).
Supported Cryptocurrencies
Over 5,500 different digital currencies are supported by the Ledger Nano S Plus, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), Stellar (XLM), and Cardano (ADA). Additional classes of cryptocurrency assets supported by this hardware wallet include:
- ERC20
- ERC721
- TRC20
- TRC10
- BEP2
- SOL
How Secure is the Nano S Plus?
Security on the Ledger Nano S Plus is up to standard. Ledger incorporates tamper-resistant certified Secure Element (SE) chips, which are frequently compared to microcontrollers.
The Common Criteria (CC) EAL5+ procedure is used to certify the chips. As a bonus, Ledger devices were independently evaluated and validated by the French National Agency for the Security of Information Systems (ANSSI).
The Blockchain Open Ledger Operating System (BOLOS), which is a proprietary OS, is used by Ledger devices. Ledger claims that its hardware wallets are the only products available on the market that combine a Secure Element chip with a specialized operating system. The system also separates crypto apps, lowering cybersecurity threats.
Additionally, Ledger offers the following individual security precautions to its users:
- A minimum of four-digit PIN code
- A requirement to buy cryptocurrency by push both physical device buttons.
- A 24-word recovery phrase displayed solely on your smartphone and not in the apps
Setup and Use
Both expert and novice investors will find the Nano S Plus hardware wallet setup to be simple. The hardware wallet contains two buttons, a display screen, and a USB device for simple clicks and navigation.
Anyone may easily set up their devices by following the setup instructions in the Ledger Live app, which also offers recommendations for added protection.
The website includes a helpful guide on setup, crypto transfers, and other wallet features in addition to the Ledger Academy, which provides articles, videos, and lessons for blockchain and cryptocurrency users.
User Satisfaction
Ledger consistently scores highly in terms of user satisfaction. The most common causes of complaints are Bluetooth or security protocols. Concerns regarding the device’s storage capacity were raised by others as well. However, the Ledger website makes note of the size and restrictions, and users who need additional storage may choose the Bluetooth-enabled Nano X.
Within 14 days of receiving the hardware wallet, users must submit an online return form if there is an issue with a Ledger device they have purchased.
You can contact the company for assistance through a comprehensive help center, chat support, and numerous social media outlets.
Who should buy Ledger Nano S Plus?
The Nano S Plus is perfect for those who have already begun their cryptocurrency journey, are considering holding digital assets as a long-term investment, and want to fully control their digital asset ownership.
Beginning with a hardware wallet may be too much of a step for individuals who are just getting started with cryptocurrencies, unless you’re investing huge quantities of money and require the extra protection that comes with dedicated wallet storage. So if you are a beginner who is just starting for the short term then a hardware wallet is not for you.
Is it worthwhile to buy a Ledger Nano S Plus?
The Nano S Plus does an excellent job of keeping things straightforward and easily accessible for anyone interested in cryptocurrencies who wishes to hold onto their digital assets. So if you are looking for extra security and ownership then it’s worth buying.
“Secure your crypto investments today with Ledger Nano S Plus! Buy now to take control of your digital assets and protect your future.”
