Ledger Nano S wallet – April 2019 review

Ledger Nano S Wallet
Ledger Nano S Wallet
  • Multi-currency support
  • Wallet software integration
  • OLED display
  • Affordable
Find out more Go to site

Keep your cryptocurrency safe with one of the world's most popular hardware wallets.

Quick guide

Good for
  • Popular, tried and tested
  • Supports a wide range of crypto
  • Competitively priced
Not so great for
  • USB only
  • No mobile compatibility

Product Name Ledger Nano S Wallet
Wallet Type Hardware
Supported Cryptocurrencies BTC, BCH, BTG, ETH, ETC, LTC, DOGE, ZEC, XRP, DASH, STRAT, KMD, ARK, EXP, UBQ, VTC, VIA, NEO, XST, XLM & 1,000+ more
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Learn more about Ledger Nano S

Supported cryptocurrencies

  • Supported cryptocurrencies: Approximately 20 cryptocurrencies

How to set up the Ledger Nano S

Your Ledger Nano will come with the following:

  • The Ledger Nano S device itself
  • A USB cable
  • A lanyard, key ring and key chain
  • A recovery sheet for writing down your seed phrase

Steps to set up your Ledger Nano S

  1. Download the Ledger Live program
  2. Plug your Ledger Nano S into your computer with the provided USB cable
  3. Follow the prompts provided to configure your device
  4. Download the relevant apps through Ledger Live to match the cryptocurrencies you will hold (e.g. the bitcoin app if you want to use bitcoin).

Compatibility

  • Windows (7+)
  • Mac (10.8+)
  • Linux
  • Chrome OS (requires Google Chrome or Chromium)
Go to Ledger's website
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How to use the Ledger Nano S

You can send and receive funds with your Ledger Nano S and get the additional security offered by a hardware wallet.

How to receive funds on the Ledger Nano S

To load your wallet:

  1. Open Ledger Live and make sure you have the correct app installed
  2. In Ledger Live, click "receive" on the left panel or from the top of the account detail page
  3. Use the drop-down menu to choose the account to receive the crypto assets then select "Next."
  4. Connect and unlock your Ledger Nano S then open the crypto asset app as prompted
  5. Read the instructions and click "verify" to generate a receive address on your device
  6. Confirm that the receive address shown on your Ledger device is the same as the one shown in Ledger Live.
  7. Click "copy" to copy that address. This is your Ledger Nano S address.

How to send funds with the Ledger Nano S

To send funds from your wallet:

  1. Open Ledger Live and make sure you have the correct app installed
  2. Click "send" on the left panel
  3. Use the drop-down menu to select the account you want to send from
  4. Enter the recipient address
  5. Enter the amount you want to send
  6. Choose the network fees from the drop-down list. Higher fees mean faster transactions.
  7. Click continue
  8. Unlock and connect your Ledger Nano S and open the correct crypto app
  9. Click continue
  10. Verify all the transaction details are correct, and press the right button on the Ledger Nano S to sign off on your transaction and send it

Where to buy the Ledger Nano S in Australia

You can buy the Ledger Nano S directly from the Ledger website. It's a good idea to purchase only from Ledger itself or from authorised resellers to ensure your device isn't tampered with prior to delivery.

How much does the Ledger Nano S cost?

AUD$109

Go to Ledger's website

How secure is the Ledger Nano S?

  • Hardware wallet. As a hardware wallet, the Ledger Nano S offers additional security compared to software wallets.
  • Offline storage. Private keys are stored offline and on a secure element within the Ledger. They never leave the device.
  • Tried and tested. The Ledger Nano S has sold over one million units and stored countless millions of dollars of crypto without any practical security vulnerabilities ever being discovered.
  • Backup restoration. The seed phrase system used by Ledger is the industry standard for hardware wallets of all kinds.
  • PIN code. A password is required to unlock the Ledger device itself.

What else do I need to know about the Ledger Nano S?

Ledger is based in France and has been a prominent company in cryptocurrency since its founding.

The Ledger Nano S is its former flagship, but it's since been superseded by the Ledger Nano X, which introduced mobile compatibility.

But not everyone needs or wants mobile compatibility, so the Ledger Nano S is still sold and is still one of the world's most popular hardware wallets.

In a nutshell

Pros

  • Highly regarded. In crypto, popularity generally equals security, and few wallets are as popular as the Ledger Nano S.
  • Wide range of coins supported. You can hold over 1,000 cryptocurrencies on the Ledger Nano S.
  • Ledger Live and apps. The Ledger Live web wallet combined with the crypto-specific apps makes the Ledger more user friendly.

Cons

  • No mobile support. The Ledger Nano S has no mobile support. To make a transaction, you must plug it into a computer.
  • Minimal customisation. Although it comes in different colours, the Ledger Nano S isn't available in customised forms.
Go to Ledger's website

Compare Ledger Nano S against other cryptocurrency wallets

Name Product Wallet type Supported Cryptocurrencies
Hardware
BTC, BCH, BTG, ETH, ETC, LTC, DOGE, ZEC, XRP, DASH, STRAT, KMD, ARK, EXP, UBQ, VTC, VIA, NEO, XST, XLM & 1,000+ more
NEW – The Ledger Nano X comes with added Bluetooth functionality, more memory and a higher quality screen than its big brother, the Nano S.
Desktop Client
BTC, LTC, ETH, TRX, XMR, DGB, QTUM, XLM, ZEC, XRP, BCH, ETC, DASH, AWC, BTG, DOGE, TPAY, VET, VTHO, DCR, and 280+ more
Store, buy and sell 300+ cryptocurrencies using Atomic Wallet's in-built atomic swap exchange.
Mobile
Web
BTC, LTC, ETH, BAT, BCH, DASH, BTG, XRP
Buy, send and convert more than 35 currencies at the touch of a button.

Compare up to 4 providers

Frequently asked questions

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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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8 Responses

  1. Default Gravatar
    AndySeptember 26, 2018

    Hi, can you store mining rewards on your system ?? Thanks !!

    • finder Customer Care
      JoshuaSeptember 30, 2018Staff

      Hi Andy,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      If by “mining rewards on your system” you mean receive payouts from a mining pool or use Ledger Nano S address as a mining wallet, the answer is yes. However, if you mean if you can use the Ledger as a mining node, the answer is no.

      Please note that we don’t represent Ledger Nano S wall or ny company we feature on our site.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  2. Default Gravatar
    JohnFebruary 18, 2018

    Hi can I store and track through blockchain all the worlds present and future crypto currencies on the Ledger Nano S Wallet plus am I also able to carry out trading from Australia to all destination’s around the world?

    • finder Customer Care
      JonathanMarch 7, 2018Staff

      Hi John, thanks for your inquiry.

      From the information that the Ledger Nano S Wallet has released, the following currencies can be stored:
      Bitcoin
      Ethereum
      Litecoin
      Fido U2F
      Dogecoin
      ZCash
      Dash
      Stratis
      Ripple
      Hello
      Bitcoin Cash
      Komodo
      Ethereum Classic

      Do you know of a method of how all cryptocurrencies can be stored in a wallet? Would love to find out more about this.

      Best,

      Jonathan

  3. Default Gravatar
    RaeleneDecember 17, 2017

    As a xmas present my sister has purchased various crypto currencies for me from an exchange – coinspot. Will it be simple for her to send these currencies to the Ledger Wallet and if so how would she do this please. Thank you

    • Default Gravatar
      ArnoldDecember 22, 2017

      Hi Raelene,

      Thanks for your inquiry

      The Ledger Nano S doesn’t store any of your digital currencies on the device itself. Rather, it tracks them on the blockchain, which serves as a digital ledger to record transactions. The Nano S holds and protects the private data (eg, private keys) needed to access and manage your digital currencies. In other words, once you connect the Nano S to your computer, it will do all the work, signing transactions inside its secure environment.

      To start sending and receiving payments, you’ll need to install the Ledger Apps or integrate with the software wallet of your choosing; in your case, coinspot. Your sister will need to log on to her coinspot account and follow the instructions given on coinspot’s website to send the coins.

      Hope this information helps

      Cheers,
      Arnold

  4. Default Gravatar
    henryOctober 3, 2017

    Can you store euro on the ledger?

    • Default Gravatar
      GruOctober 4, 2017

      Hello Henry,

      Thank you for your query.

      Yes, you can store Euro on the Ledger Nano S Wallet.

      In your Ledger Wallet Chrome application, you can set several options to customize your application in the “SETTINGS” tab: how to change the language, the currency countervalue, the blockchain explorer, etc.

      Hope this helped.

      Cheers,
      Gru

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