Ledger Nano S review: Protect your assets

The Ledger Nano S is a small USB shaped device with an LCD screen, that can hold your bitcoins and altcoins. What makes it so special is the fact that it is a cold wallet which by definition is the most secure type of cryptocurrency wallet you can get after paper wallet.

The installation

Setting it up is easy. First, you have to turn it on by connecting it to a computer. Then all you have to do is pick a passcode and write down a list of 24 keywords that can be used later on to recover a lost or stolen device.

unboxing

The user interface

If you own a PlayStation 4, navigating in the menu will be familiar. Basically, the main items are lined up horizontally and sub ones, vertically.
ui

Add or remove wallets

Adding wallets is not that hard either. The device already comes preinstalled with Bitcoin, Litecoin, and Ethereum wallets but let’s say you want to add more or remove some, you’ll need to open your google chrome browser, look for the “Ledger Manager” app and of course install it. From there you’ll be able to choose what you want.

Managing your wallets

That one needs some reflection. In fact, once you add a wallet you need a specific app to open it. For instance, BTC, BCH, LTC, VRC, XST wallets are visible with the “Ledget Wallet Bitcoin” chrome app. For ETH you need the “Ledger Wallet Ethereum” chrome app and for NEO you’ll the “Neon” regular software.

Sending and Receiving

Sending and receiving is a piece of cake. Open your specific wallet manager and proceed.  Note that the device doesn’t need to be on in order to receive.

Final thoughts

The main purpose of the Ledger Nano S is to keep your wallets safe and that what it does.

During the first couple of hours using it, it is confusing to use and feels scary to send or receive currencies but after doing it multiple times, it feels safe and it’s easy to use.

However, it has a limited app space. You can’t hold all the available wallets at the same time. Don’t worry though, there is a trick for that that we will be discussing it in a different post.

The available wallets are limited as well. You won’t find the 1400 coins listed on coinmarketcap.

To conclude we can say that we like it and we are hoping the dev team makes it better by releasing firmware updates.

Ledger Nano S review: Protect your assets
Keeps your wallet safeEasy to use
Limited spaceFew wallets are available
4.5Overall Score
Functionality
Size
Price