Product Review: Ledger Nano S
Ledger Nano S Review
The hardware wallet industry for digital currencies is booming, with a good number of exciting choices available for those who wish to keep their coins secure and away from potentially risky online storage servers. The Ledger Nano S represents a Bitcoin, Ethereum, and altcoin hardware wallet consisting of robust security features, which can be used for both storing digital assets and making payments. Some of the distinguishing features associated with this hardware wallet include ease of use, the ability to quickly make payments, high level of security, and many more.
The Ledger Wallet company was founded back in 2014 in France, and since then, Ledger has managed to attract a lot of attention. The Ledger team managed to quickly become one of the biggest hardware wallet providers on the market. While other hardware wallets such as TREZOR have been on the market longer, the Ledger is seen as being neck-and-neck with it. In this Ledger Nano S review, we’ll go over a few different aspects such as usability, security, and convenience.
Public Opinion on the Ledger Nano S
It seems like most of the users submitting reviews are beyond satisfied with the Ledger Nano S. Numerous users have called it a great method of “sleeping well at night”, especially since hardware wallets are generally used by those who have a higher number of coins. The public also believes that the device works smoothly, and most have no major complaints with it.
However, the wallet may not be the best choice for those who hold multiple digital currencies and actively use most of them. This is due to the low storage space available on the device. When storing and using a digital currency on the wallet, users have to download a specific app for that token. Currently, the hardware only has enough storage space for two or three of these apps. This means that if you wish to use a different currency, you’ll have to uninstall an app, and install another.
This process is pretty straight-forward especially if you’re near a computer. However, it can become a nuisance for those who make payments using different digital currencies constantly.
Ledger Nano S Security
Hardware wallets represent by far the most secure way of storing digital currencies. While hardware wallets come with some security flaws as well, most of them are user-based, rather than the fault of the company providing the wallet. If you do choose to use the Ledger Nano S (or any other wallet, for that matter) you need to take special precautions such as noting down your security seed on paper, rather than on a computer or avoiding using the wallet on PCs that could potentially be infected.
Theoretically, the Ledger Nano S wallet has no known security vulnerability. It’s a hardware wallet, and when it isn’t connected to a computer, it is close to impossible to hack.
Final Thoughts on the Ledger Nano S
The Ledger Nano S hardware wallet is bound to satisfy the needs of most digital currency enthusiasts. It offers an easy to use interface, nice coin accessibility, and great security features. Ultimately, the Ledger Nano S is a leader in the market for a reason: it produces a product users trust with protecting their tokens and gets the job done effectively.