Ledger Nano S Plus Review

Ledger Nano S Plus review

Cryptocurrency assets are best stored in hardware wallets. When it comes to choosing a wallet, there are a lot of options available on the market.

If you're concerned about storing your crypto assets on a centralized platform and looking for a reliable hardware wallet, this Ledger Nano S Plus review is for you. Find out what it can offer, how it works, as well as the features, specifications, and more.

What is Ledger Nano S Plus and how do I utilize it?

Ledger is one of the world's leading manufacturers of safe hardware wallets at the moment. Additionally, they offer a wide variety of safe, secure, user-friendly, portable, and convenient hardware wallets to make crypto traders' lives easier. One of the devices is the Ledger Nano S Plus.

Ledger Nano S Plus is the successor to the Nano S, offering greater performance and replacing the Nano S. It allows traders to manage a wide range of digital assets. Compared to the Nano X, it offers a better experience and a higher price point.

The significance of Ledger Cold Storage

Cryptocurrency cold storage refers to its security. What exactly is cold storage?

Cold storage, also known as a cold wallet, is a form of storage that is not connected to the Internet. Offline storage is used. Access to the storage is granted by a private key that is kept offline. Cyber-attacks and other internet security flaws can be prevented by this method of securing storage and data.

Ledger uses this technology in all their hardware wallets. Crypto users who want the highest level of security must have it.

Nano S Plus Review Technical Specifications

Here are the specifications for the Ledger Nano S Plus which is designed for crypto-savvy users.

v Connector 

• USB Type-C

v Certification level

• CC EAL5+

v Chips

• ST33K1M5 secure element chips

v Size

• 62.39 x 7.40 x 8.24mm (about 0.32 millimeters)

v Screen size

• 128 64 pixels

Vs Weight

• 21g

Compatibility

• 64-bit Windows 8+, Linux, macOS 10.8+ (excluding ARM processors)
• Android 7+

More than 5500 cryptocurrency assets are supported by Nano S Plus. Additionally, it comes with enough storage to install up to 100 apps. The platform is also compatible with more than 50 dApps and web 3 applications. There is no Bluetooth connection on this ledger gadget and it is not compatible with the Ledger Nano X.

Ledger Nano S Plus Supported Cryptocurrencies

We mentioned in the specifications section that Ledger Nano S Plus is compatible with over 5500 digital assets. MetaMask, for example, is the only third-party application that can access some of these assets.

With Ledger's ability to carry over 100 apps, traders can store approximately 100 different assets on 100 networks. To learn more about the supported assets, visit the Ledger Asset Support page.

What's in the box?

There is the following information inside the Ledger Nano Plus box:

• The Ledger Nano S Plus
• 1 USB C to USB A cable
• 1 Leaflet to help you get started
• 3 sheets of recovery sheets on which you can create your 24-word recovery phrase,
• Also 1 keychain strap

Prices and Availability

The Ledger Nano Plus retails for $79 . It costs just $20 more than the earlier Nano S and provides traders with numerous options.

Purchase the Nano S Plus or any other hardware wallet through the official site. Tempered devices can increase your chances of losing your cryptocurrency if you purchase them unofficially.

Ledger Nano S Plus Security

All ledger hardware wallets feature the latest security features and are known for their strict security measures. The track record of Ledger is also quite good, so traders don't have to worry about their crypto investments.

These are the main advantages of the Ledger Nano S Plus.

• The technology of cold storage stores data and generates private keys offline.
• Recovery phrase with 24 words
• Pin code
• Security chip for military use
• Certified Secure Element CC EAL5+
• BOLOS OS usage
• Independent certification by ANSSI
• White hat hackers trained to find weaknesses

Setup Ledger Nano S Plus

If you've got a Ledger Nano S Plus device and you are in question about what to do next, don't worry. To help you with your Ledger Nano S Plus device We have put together a step-by-step guide.

• Set up a New Device

To get started, the device must be connected to a computer. Then, download the live ledger software from https://www.ledger.com/start/. After installing and downloading the live ledger software, open it. Click the navigation button on the Nano S Plus device to select "Set up as new device". By pressing both buttons at the same time, you must confirm this.

• Pin code to select

Set up a 4-8 digit long pin code for your device next. Choose an address that cannot be easily guessed, such as 1234.

• Recovery Seed Phrase

Once the pin has been successfully entered, a 24-word phrase will appear. It is extremely important to record and store these 24 words as soon as possible.

You can record the code on three sheets of paper included in the device box. It is best not to keep a digital copy since hackers could exploit the vulnerability. It will be impossible to retrieve your cryptos if the code is lost. Your 24-word recovery phrase is known to the Ledger company.

• Mobile

To connect the Ledger Nano S Plus device to a mobile device for connection, you'll require the Ledger Live application and OTG kit. This feature is available only on Android devices running Android 7 or greater. The Nano S Plus does not have a battery so you'll have to connect to your smartphone with the OTG cable. By scanning a QR code, you can sync the Ledger Live app with the PC version.

Making an Account

A user account is necessary for managing your cryptocurrency. This will allow you to save your public wallet address on any device you prefer, so you can access your cryptocurrency without the Ledger Nano Plus. To add an account to Ledger Live, you must install the Ledger Live software

* Select Accounts on the left side of the panel

• Select add accounts
• After that, you must select the cryptocurrency asset you want to add and click Continue
• Unlock the Nano S Plus device to confirm

* This starts the synchronization process. Once the process is completed it's possible to use the wallet like a regular physical wallet.

Buying Crypto with the Nano S Plus

With Ledger Live, you can buy crypto with your debit or credit card. Also available are third-party payment partners Wyre, Coinify, and MoonPay. Through the Ledger Live app, traders can benefit from high security, a fast and easy buying process.

Obtaining buying authorizations, however, requires completing KYC and paying third-party application fees.

NFTs, and the Ledger S Plus

NFTs can also be saved on the Ledger Nano S Plus. It is necessary to update the firmware on the device and install the app for the NFT network in order to accomplish this. It is imperative to enable Blind Signing in the ETH/MATIC application if you are using Ethereum. You can then manage ERC721 and ERC1155 standard NFTs.

Nano S Plus vs Nano X

The most popular hardware wallet within the Ledger family is the Ledger Nano X. The Ledger Nano S Plus offers similar features at a lower price. Only the Nano X has a battery and Bluetooth, so it can be used on mobile devices.

According to the ledger, the Nano X is priced at $149 while the Nano S Plus is priced at $79. There is no difference between the two in terms of security, and it is up to the customer to decide whether they are worth the extra cost.

Nano S vs Nano S Plus

Nano S Plus and Nano S are both hardware wallets from the same family, with only minor differences. The Nano S Plus is more expensive and features more than the Nano S.

• Nano S Plus has a bigger screen size
• Nano S Plus offers better NFT support
• Nano S Plus has 1.5 megabytes of storage capacity compared to Nano S's 320KB, so users can store more apps or crypto assets.
• The Nano S is a micro-USB-compatible device, however, the Nano S Plus uses the more modern USB-C connector.

Pros and cons Nano S Plus

It is not a decision to be taken lightly when choosing a hardware wallet. As this is where all your cryptocurrency will reside, it is important to be extra careful. Understanding the pros and cons of an item will help you decide if it is right for you.

Pros

• High security
• NFT support
• Support for applications from DeFi
• Capability to store more than 5500 digital assets
• Fair price

Cons

• Has a less durable plastic body
• The button placement could be improved
• The absence of a battery and Bluetooth can make it difficult to connect to any mobile device.

Conclusion

As soon as you've done enough trading and dived deep into crypto, you'll need to start looking for safe alternatives to online wallets. In this case, a physical wallet is the best option. Ledger Nano S Plus is the best traditional wallet we've ever seen.

It's reasonably priced and has a decent amount of storage, as well as NTF and dApp support. All crypto communities can use this device. Other options, such as the Nano X, are more expensive. The Ledger Nano S Plus offers the best value for money.

FAQs

• Is Ledger Nano S Plus safe?

Yes, Ledger Nano S Plus has a very high degree of security. It has CC EAL5+ and ANSSI accreditation.

• What is the cost of the price of a Ledger Nano S Plus, and where to get one?

The cost for the device is $79. When purchasing, ensure to only purchase from the official site since other websites could offer counterfeit or fake devices.

• Which is better? Ledger Nano X or the Ledger Nano Plus?

Ledger Nano X, is the most popular wallet made by Ledger. It is, therefore, equipped with additional features. It is also more affordable. Ledger Nano S Plus is more affordable.