Ledger

Ledger Nano S Hardward Wallet Review

Ledger is one of the well known physical Cryptocurrency Hardware Wallet available in the market today. This review will solely focus on Ledger’s newest hardware wallet , Ledger Nano S. Previously Ledger Nano S have 2 predecessor which is respectively Nano and HWS.1

PROS


  • Smallest in size and also cheapest compared to other hardware wallet
  • Screened hardware wallet
  • Easy to use and setup on any types of PC

CONS


  • No passphrase

How much does it cost?

Currently Ledger Nano S is priced at 95$ , which is roughly around RM380. There are also other bundle or add-ons can be bought on Ledger

Design

As shown on the above image, Ledger Nano S is designed as a small and portable hardware wallet in the size of a common pendrive. There are two physical button on the side of the Nano S which functions as a transaction confirmation. Thus to confirm a transaction, the two side button has to be pressed at the same time.

Ledger Nano S design

Security

When it comes to hardware wallet, the security will be way above than other standard “Hot” or online wallets as they would require the device itself. Nano S will prompt up a 4-Digit Pin setup upon first activation. The 4-Digit Pin will be required every activation thus making any unauthorised access difficult. Any random attempt to figure out the 4-Digit is considerably futile as after 3 wrong attempts, Nano S will auto reset and reconfigure. Thus making any brute force hacking impossible and master seed required for reconfiguration.

Setup Difficulty

The setup process for Ledger Nano S is considerably easy and as shown on steps below:

  1. A micro USB cable and PC will be required for setup. Nano S will require external power mainly from USB cable to activate as it is fully USB powered. The micro USB cable should be provided if you bought a brand new one from Ledger.
  2. Once the USB and Nano S is connected, a 4-Digit Pin will be prompted for first activation. The 4-Digit Pin can be increased up to 8 Digits. The number for your Pin can be adjusted by the 2 buttons. This step will be repeated to re-confirm your Pin.
  3. Once your Pin setup is done, a 24 word “Master Seed” or Recovery Phrase will be shown on screen.
  4. A 24-word Sheet should be provided as well in the box, your recovery phrase should be written on it as a physical copy and kept properly.
  5. Once its done, Ledger will ask for 2 random word as confirmation.
  6. Then you may proceed on using it as intended, it can be connected with a Chrome extension as well.

Recovery Phrase Sheet

Why Ledger Nano S?

Ledger Nano S is suitable for people who like it small and easy to bring around. Nano S is also slightly cheaper than its competitor KeepKey and Trezor, otherwise its just based on user’s preferences in terms of design. On terms of coins supported, Nano S is one of the wallet that supports more currencies compared to KeepKey and Trezor. Currently Nano S holds these coins as below:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Bitcoin Gold (BTG)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Litecoin (LTC)
  • Dogecoin (DOGE)
  • Zcash (ZEC)
  • Ripple (XRP)
  • Dash (DASH)
  • Stratis (STRAT)
  • Komodo (KMD)
  • Ark (ARK)
  • Expanse (EXP)
  • Ubiq (UBQ)
  • Verticoin (VTC)
  • Viacoin (VIA)
  • Neo (NEO)
  • Stealthcoin (XST)
  • Stellar (XLM)
  • Hcash (HSR)
  • Digibyte (DGB)
  • Qtum (QTUM)
  • PivX (PIVX)

Ledger Nano S supports Ripple Coin XRP, where CCMalaysia uses XRP as a form of reward for participation on our website and forums. Do Visit our reward page to know more about rewards.

Share This Post
Have your say!
0 0

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>