Ledger Nano S Plus Review

  • Rating

    4.8

  • Currencies

    1,000+

  • IOS/Android App

    Yes

  • Purchase Cost

    $79

Our Review

Ledger Nano S Plus is a fortress-like protection for your digital wealth, sporting an affordable price point. This crypto wallet supports many cryptocurrencies and blockchain networks, making them easily managed via the reputable Ledger Live app. Despite its significant advantages, some users have noted the lack of storage capacity.

Pros
  • Support for up to 5,500 cryptocurrencies.

  • Private keys are always offline.

  • Integration with other hot wallets.

  • Support for staking.

  • NFT support.

Cons
  • High fees for Ledger Live crypto purchases.

  • Limited app space.

  • Small display.

Ledger Nano S Plus Review 2023: Is It Really Worth It?

TLDR

This Ledger Nano S Plus review reveals the good, bad, and ugly about this hardware wallet. It is solid with its certified secure chip. That means it safeguards your private keys from physical and logical attacks. Its built-in OLED display allows you to verify transaction details and securely store your recovery phrase.

Supporting over 5,500 digital assets, including NFTs, you can easily switch between apps using the Ledger Live app. The Nano S Plus is also compatible with third-party wallets and platforms like Metamask and MyEtherWallet, offering expanded functionality.

With its price of $79, color options, and strong performance, the Ledger Nano S Plus is a reliable hardware wallet choice.

Ledger Nano S Plus Review.
Ledger Nano S Plus 2023 Review.

What is Ledger Nano S Plus?

Ledger, a prominent creator of cold wallets, has been at the forefront of innovation for almost a decade. They currently offer three hardware wallets:

One of the key advantages of using a Ledger hardware wallet is the ability to keep your private key hidden, even from internet-connected devices.

In addition to the hardware wallets, Ledger offers The Billfodl, a robust steel device that safeguards your 24-word recovery phrase. This protects it from potential disasters that could damage paper backups, such as fires or water risks.

The Ledger Nano S Plus is a hardware wallet that provides a secure and convenient solution for storing and managing your crypto assets and NFTs. With its compact size, the device connects to your computer or smartphone through a USB connection, and its OLED display allows you to verify transactions confidently.

It supports a wide range of digital assets, encompassing over 5,500 cryptocurrencies. Let’s dig in!

What is Ledger Nano S Plus.
What is Ledger Nano S Plus?

Who’s it for?

Even though it is designed to fit diverse needs, let’s explore in detail who should use this wallet.

For early users

Newbies can simplify and secure their crypto journey with Ledger Nano S Plus. It’s a hardware wallet that protects your private keys, allowing you to conveniently access your crypto and NFTs.

It is easy to set up using the Ledger Live app and enjoy features like buying crypto, swapping, staking, and sending crypto. With support for over 5,500 digital assets, including NFTs, Ledger Nano S Plus offers diversification and safe NFT management.

For savvy traders

Level up your trading game with Ledger Nano S Plus. This hardware wallet ensures top-notch security, performance, and flexibility for professional traders.

Safeguard your private keys offline, verify transactions on the device screen, and use advanced features through the Ledger Live app. Ledger Nano S empowers you to optimize your trading strategy and integrate with third-party wallets and platforms.

Ledger Nano S keeps your private keys offline.
Keep your private keys offline.

Ledger Nano S Plus Review: What makes it a solid pick?

Here are some of the key advantages of using Ledger Nano S Plus:

Highly secure crypto storage

The Ledger Nano S Plus is introduced as a highly secure blockchain wallet that acts as a sanctuary for your valuable digital assets.

It focuses on the impenetrable security measures used by Ledger to protect your private keys, which are stored offline in cold storage.

Interestingly, this disconnection from the internet makes it extremely difficult for hackers or crypto scammers to compromise the wallet’s security, keeping your assets safe. Moreover, Ledger proudly flaunts a flawless track record with no recorded instances of successful remote hacks.

The wallet’s credibility is further reinforced by its certification from ANSSI, a respected French cybersecurity agency. By choosing a Ledger wallet, you can be confident in preserving and securing your crypto assets.

Advantages of Ledger Nano S Plus.
Advantages of Ledger Nano S Plus.

Affordable rates and costs

The Ledger Nano S Plus is affordable, making it a practical choice among hardware wallets. It offers exceptional value, priced at just $79, and shipping without additional taxes or duties.

Additionally, the option of a family pack, which includes three wallets at a discounted price, further enhances its financial appeal, allowing you to secure your crypto assets without breaking the bank.

Supported cryptocurrencies

With the Ledger Nano S Plus, you can embrace the versatility of a wallet that supports over 5,500 cryptocurrencies.

Moreover, this remarkable feature enables you to combine all your digital assets into a single secure location, simplifying the management of your crypto portfolio.

With Nano S Plus, you can experience the convenience and simplicity of having all your crypto-related activities in one place. This will streamline your crypto experience and give you more investment control.

NFT storage option

Ledger Nano S Plus is the ultimate choice for your non-fungible tokens (NFTs) and digital art. It offers a secure and reliable storage solution that safeguards your prized NFTs, game characters, and other cherished digital collectibles.

Seamlessly intertwine your NFT investments with your existing cryptocurrency holdings, creating a unified place where digital wealth thrives. The Ledger Nano S Plus becomes the gateway to an immersive world where your NFT dreams transform into reality.

NFT storage option.
NFT storage option.

Different color options

The Ledger Nano S Plus has multiple attractive color options, including matte black, BTC orange, ice blue, deepsea blue, and mystic white.

For those who appreciate a unique visual experience, there is even a transparent version that showcases the inner components of the device, blending aesthetics with functionality.

Ledgers different colour options
Ledgers’ unique colors.

Getting started with Ledger Nano S Plus

Once you have your hands on the Ledger Nano S device, open the box and follow these steps to set up your wallet in a few minutes.

Currencies
  • 1,000+
IOS/Android App
  • Yes
Purchase Cost
  • $79

More details

Ledger Nano S Plus is a fortress-like protection for your digital wealth, sporting an affordable price point. This crypto wallet supports many cryptocurrencies and blockchain networks, making them easily managed via the reputable Ledger Live app. Despite its significant advantages, some users have noted the lack of storage capacity.


  • Support for up to 5,500 cryptocurrencies.

  • Private keys are always offline.

  • Integration with other hot wallets.

  • Support for staking.

  • NFT support.

  • High fees for Ledger Live crypto purchases.

  • Limited app space.

  • Small display.

Step 1: Open the Ledger Live App

Once you have the Ledger Nano S Plus device, interact with the device and select the [Set Up As New Device]. When done, click [Next Step] to move forward.

Open Ledger live and securely manage your assets.
Open Ledger live and securely manage your assets.

Step 2: Choose a pin code

Next, you need to create a pin code for your device. After that, click [Next Step].

Choose a pin code.
Choose a pin code.

Step 3: Generate the recovery phrase

Then, it would be best if you generated the 24-word recovery phrase. Copy it somewhere so that it is accessible whenever you need it. Click [Recovery Phrase] to move forward.

Ledger Nano S recovery phrase.
Ledger Nano S recovery phrase.

Step 4: Hide your recovery phrase

Once the recovery phrase is generated, hide it somewhere safe on paper on in any other form. Otherwise, you won’t be able to access your device and assets.

When done, click [Ok! I’m Done].

Secure your private keys offline.
Secure your private keys offline.

Step 5: Device check

Lastly, the Ledger app will check to ensure your device is genuine. To finalize this step, click [Check My Nano].

Congratulations! You are all set.

Device genuine check.
Device genuine check.

Ledger Nano S Plus Review: Key Features & Perks

Here are some key features that set Nano S Plus apart from its competitors:

Secure chip

The secure chip embedded within the Ledger Nano S Plus is an advanced microcontroller that provides robust resistance against physical and logical attacks. It is a dedicated safeguard for your private keys, critical in authorizing blockchain transactions.

With the secure chip, your private keys never leave the device, ensuring they are shielded from the reach of hackers and malware. In addition to secure storage, the chip performs essential cryptographic operations like transaction signing, address verification, and seed generation.

Notably, the secure chip employed in the Ledger Nano S Plus is certified with the highest level of security (CC EAL5+), offering peace of mind for your crypto assets.

Secure element chip and bluetooth connection.
Secure element chip and Bluetooth connection.

Built-in OLED Display

The Ledger Nano S Plus incorporates a compact yet powerful OLED display that presents crucial transaction information in a user-friendly manner. This screen provides real-time details such as transaction amounts, recipient addresses, and associated fees, enabling you to stay informed at a glance.

More importantly, the display is a reliable verification tool, displaying confirmation messages that require explicit approval or rejection via the side buttons. By cross-referencing the details with your intentions, you can ensure the integrity of transactions and guard against tampering or phishing attempts.

Additionally, during device setup, the OLED display conveniently presents your recovery phrase, a vital component for restoring your device or accessing funds in case of loss or theft.

Ledger Nano S Plus screen.
Ledger Nano S Plus screen.

Supported digital assets

The Ledger Nano S Plus offers extensive support for an impressive array of digital assets, surpassing 5,500 in number. This hardware wallet covers you whether you hold Bitcoin, Ethereum, XRP, Cardano, Polygon, or numerous other cryptocurrencies.

Furthermore, the Nano S Plus enables seamless non-fungible tokens (NFTs) management. They represent unique digital collectibles encompassing art, music, games, and more.

By installing up to 100 different apps on the device, each corresponding to a specific asset or network, you can effortlessly switch between various assets and conveniently access them using the Ledger Live app.

Receive send and receive crypto with Ledger Nano S Plus.
Receive send and receive crypto with Ledger Nano S Plus.

Ledger Live App and partners

The Ledger Live app is essential software that establishes a secure connection between your Nano S Plus and your computer. This feature-rich app empowers you to set up and configure your device. It also ensures its firmware is current for optimal performance and security.

Beyond device management, the Ledger Live app provides a comprehensive suite of financial services in collaboration with trusted partners.

Within the app, you can buy cryptocurrencies using fiat money via credit cards or bank transfers, execute secure and low-fee crypto swaps, stake your assets on multiple networks to earn passive income, and securely send and receive crypto to any address.

Moreover, the Ledger Live app lets you conveniently view and manage your NFTs directly on the device’s screen. This is the latest update, and we are loving it.

Ledger live app.
Ledger live app.

Third-Party wallets and platforms supported

The Ledger Nano S Plus stands out for its compatibility with various third-party wallets and platforms.

Using popular wallets like Metamask, you can seamlessly interact with decentralized applications (dApps) on the Ethereum network. These include Uniswap, Compound, and Aave. Similarly, MyEtherWallet grants access to advanced settings and tools explicitly tailored for Ethereum transactions. Tools like custom gas prices, data field manipulation, and contract interactions.

The Ledger Nano S Plus also supports Binance Smart Chain, providing access to a fast and cost-effective blockchain network supporting various dApps and tokens.

Connecting your Nano S Plus to these wallets and platforms lets you explore a wide range of decentralized finance and blockchain applications, expanding your possibilities within the crypto ecosystem.

Third-party wallet support.
Third-party wallet support.

Drawbacks of Ledger Nano S Plus

Let’s explore some drawbacks of the wallet that might be deal breakers for some:

Limited memory

One drawback of the Ledger Nano S Plus is its limited memory capacity, with only 1.5MB and no option for expansion.

This limitation doesn’t affect the storage capacity for cryptocurrencies, but it restricts the number of apps you can install. Ledger states that the Nano S Plus can accommodate up to one hundred apps.

The issue arises because Ledger devices use apps for managing different cryptocurrencies. Each cryptocurrency has its dedicated Ledger app, such as Bitcoin (BTC) or Ethereum (ETH). When the wallet reaches its memory limit, it becomes necessary to uninstall an app before installing a new one.

Your crypto remains securely stored even if the app is uninstalled. However, frequent installation and uninstallation of apps can be cumbersome for individuals with multiple cryptocurrencies.

Less convenient than digital wallets

Compared to hot wallets, such as those available on computers, tablets, or smartphones, the Ledger Nano S Plus offers a less convenient user experience.

Digital wallets are often free and provide faster and easier-to-confirm crypto transactions than cold wallets like the Nano S Plus, which require a connection. Additionally, keeping digital assets on crypto exchanges is more convenient.

However, it’s essential to highlight the tradeoff: crypto exchanges and, to a lesser extent, digital wallets are less secure than hardware wallets like Ledger. Those prioritizing maximum security over convenience opt for cold wallets as a long-term storage solution, making Ledger hardware wallets a popular choice.

Small display

Due to its small size, the display area on this cryptocurrency wallet is limited. Even though it is a major upgrade from what it used to be, it is still considered a hinder.

This can pose a slight challenge when reading the information on the screen. Users may be squinting or need to focus more closely to discern the details, especially if the text or graphics are small or intricate.

While the small display compromises the device’s portability, consider this aspect when interacting with the Nano S Plus for various operations and transactions.

Drawbacks of Ledger Nano S Plus.
Drawbacks of Ledger Nano S Plus.

Final Verdict

While free software wallets have advantages, they also come with inherent risks. Ledger’s Nano S Plus wallet offers a secure, affordable alternative that integrates seamlessly with popular online wallets. With an easy-to-carry design, it is user-friendly and cost-effective.

Using a two-step approach, you can explore the dynamic crypto landscape while mitigating the risk to your valuable assets.

With its durable construction, the Ledger Nano S Plus wallet is a cost-effective investment that can provide long-lasting security for years, effectively enhancing your crypto trading and investing journey.