Table of Contents

• Specifications of Ledger Nano S
• Built-in Components
• Ledger Nano S Overview
• Pros and Cons of Ledger Nano S
  • Pros
  • Disadvantages
• Pricing of Ledger Nano S
• Summary

Ledger Nano S specifications

Built-in components

• Ledger Nano S
• USB cable
• 3 backup record pages

Ledger Nano S Overview

Ledger Nano S is compact Easy to use, the design is similar to a USB flash drive and can be put in your pocket. The initial setup of this device is smooth and intuitive, making it perfect for beginners.

The best way to manage your cryptocurrency assets using your Ledger device is Ledger Live. The device can be used with desktop or mobile devices, which currently only support Android systems. Device connection requires a third-party OTG (On The Go) USB cable, which has a micro-USB port and a USB female port at both ends.

Ledger Live provides all the features users need, including checking balances and transferring or receiving assets. Some of the advanced features it comes with include SegWit trading, exchange integration and export of extended public keys (xpub). It’s worth noting that the Binance decentralized exchange platform itself also supports the Ledger Nano S. You can manage many cryptocurrency assets through Ledger Live, but a few tokens require the use of third-party wallet software.

Ledger Nano S has a small disadvantage, that is, the flash memory capacity is relatively low. If you want to trade cryptocurrencies, you also need to install the designated app. Each token requires a dedicated app, but users can only install a few at the same time. It should also be noted that uninstalling the App will not affect the keys and funds, but transactions will not be possible until the App is reinstalled.

Want to start your cryptocurrency journey? Go to Binance and buy Bitcoin now!

Advantages and disadvantages of Ledger Nano S

Advantages

• Supports all mainstream blockchains and various tokens.
• Easy to use.
• Tokens can be added quickly, simple and intuitive.
• Supports multiple languages.
• The price is reasonable.
• Ledger was established in 2014 and has a solid position in the industry.

Disadvantages

• Users can only install several apps at the same time,
• The convenience is inferior to Nano X.

Pricing of Ledger Nano S

In January 2020, the sales price of Ledger Nano S Price is $59.

It is recommended that you purchase the equipment directly from the supplier. Purchasing a second-hand hardware wallet carries the risk of private key leakage.

Summary

Easy to use and affordable, the Ledger Nano S has become a hugely successful hardware wallet . The upgraded version, Ledger Nano X, has more features and the price increases accordingly. Ledger has always maintained a good safety record, making Nano S a popular and cost-effective product.

Overall, if you want an affordable and easy-to-use hardware wallet to manage your portfolio, the Ledger Nano S may be just the ticket for you.