A hardware wallet, unlike an online wallet, stores your crypto currencies on the blockchain instead of inside it thus making the job of a hacker far tougher. Ledger Nano S is such a secure and thus popular offline wallet about which today, we will be giving you a detailed idea.
We believe this will help you see the true color of the device and foreshadow a better tomorrow for your hard-toiled crypto assets. Here we go!
Undoubtedly, the best option for judging a gadget is analyzing the additions with which it comes. Therefore, we, at first, will help you explore the features of Nano s impartially. Let’s begin!
Being a safeguard for your crypto assets, the wallet lacks almost no advanced security system to avoid trespass and hack. Let’s shed light upon its security additions:
Dual chip architecture: This is the same technology used by financial institutions and passport authorities.
Cryptographic attestation: To ensure the maximum firmware integrity, the popular cryptographic attestation is in use with Nano s. The attestation always verifies that it is you who is logged in.
BOLOS: Nano s is one of the few hardware wallets that uses a proprietary operating system named - BOLOS. Because of this, the chance of its being hacked is almost zero as no other people outside ledger users have access to it.
Secure element chips: The device installs tamper-resistant Common Criteria (CC) EAL5+ certified Secure Element (SE) chips only. Thereby, your private keys are always preserved well.
24 recovery phrase: At the very beginning of setting up an account with a ledger s, you will be given 24 secret words.
Until and unless anyone else has access to these words, your account is completely safe. And, you will be in need of these whenever resetting the account with a new nano s.
You will be amazed to learn that your tiny ledger nano s supports 107 types of crypto currencies and over 1000 tokens. Some of the noticeable supported currencies are:
It is very easy to set up a fresh account with a Nano s wallet. You just need to launch initialization, set a PIN code of 4 or 8 digits and note down the 24 recovery phrase.
To learn the details, you can go through the supplied manual or watch a tutorial on YouTube.
No matter if you have never been a user of any kind of digital wallet, you can be a pro user of the Ledger Nano S within an hour. With a single screen, two buttons and detailed instructions on screen, the device is a child's plaything.
Moreover, using the Ledger Live App from your laptop or desktop or mobile as a window you can check the balance, buy/sell, swap and transfer currencies within a few simple steps.
To your utter surprise you will find this gadget to be as strong outward as it is inward. Its outer covers are manufactured with brushed stainless steel and premium plastic.
The combination gives the device the robustness of an elephant that none can tamper. So, no need to use an anti-tampering sticker to safeguard your digital wallet.
You can get the wallet connected with your 64-bits desktop computers including Linux, macOS 10.10+, Windows 8+ and your smartphone with Android 7+ operating system.
How will you secure the connection? Well, for that you must use the supplied USB cable as Nano S unlike the X doesn't offer Bluetooth feature.
To make the device simply perfect to be usable on the go, it has been kept maximum compact. Its overall dimensions are not more than 56.95mm*17.4mm*9.1mm. Moreover, the weight is only 16.2g.
Ans. With so many security provisions, the device has almost zero percent chance of being hacked.
Ans. Over 1100 coins are easily supported by a nano s wallet
Ans. Every nano s is designed in such a way that it lasts for a minimum of 5 years at a stretch.
Ans. With a new nano s wallet you can regain the account with the same info of the previous device
Ans. With the supplied cable, you can connect the device to an iPhone.
In the end, we must say that Ledger Nano S is a highly secured, user-friendly and cool offline wallet. Its security provisions are just deadly for the hackers while being auspicious to your assets. But, the app storage and mobile connectivity can still be developed.