With over 1.4 million units sold worldwide…Ledger Nano Monero it’s one of the most popular hardware wallets around – however does it have all the functions you’re looking for?
which was first launched in 2016 is a hardware wallet – a physical device that stores cryptocurrencies offline in a safe way, away from the reach of hackers. At the time of publishing this video the Nano S costs $59 prior to any VAT your nation may enforce, making it among the more budget-friendly hardware wallets on the market. The Nano S supports over 1000 coins and tokens which suggests you will
have the ability to store any popular cryptocurrency you ‘d like on it. As soon as you connect the Nano S to your computer system, download the” Live” software and choose which apps to install on the Nano S. Each coin requires a different app for managing it and you can just install as much as 6 of those apps due to storage limitations. If you’re looking to manage a bigger range of coins, this can be rather a downside. To avoid this, you might consider the more recent Nano X, which while more expensive, can manage up to 100 apps and can be managed from your mobile phone. When comparing the Nano S to its main rival, the TREZOR One, offer the Trezor One the edge for its totally open source software application.|At the time of posting this video the Nano S costs $59 prior to any VAT your country might impose, making it one of the more budget-friendly hardware wallets on the market. As soon as you link the Nano S to your computer system, download the” Live” software application and decide which apps to set up on the Nano S. Each coin requires a various app for managing it and you can only install up to 6 of those apps due to storage limitations. When comparing the Nano S to its main competitor, the TREZOR One, offer the Trezor One the edge for its entirely open source software.}
What is the purpose of a Ledger wallet? Ledger Nano Monero
On the other hand, the Nano S scores points for supporting popular cryptocurrencies such as EOS, xmr and xrp. In general, is a intuitive and inexpensive wallet that allows you to select from a wide variety of coins, however, it appropriates only if you have a limited portfolio, due to the small number of coin apps you can have installed on it all at once. Make it 4.5 Stars from us here at 99Bitcoins, as we consider it among the safest and most affordable ways to save your cryptocurrencies.
Have you tried the S? Let us know what you think in the remarks. And if you’re looking to purchase one, have a look at the link in the description for our comprehensive evaluation. That’s today’s 2 minute crypto evaluation and I’ll see you in a bit. If you’ve enjoyed this video, leave us a thumbs up and make sure to click the notice and subscribe bell so you don’t miss a review, news upgrade or the clearest details about Bitcoin and cryptocurrencies anywhere.
hardware cryptocurrency wallet supplies top-level security by means of a proprietary operating and a safe and secure chip system. It offers investors manage over their personal keys and is backed by the biggest name in the market.
Financiers can save more than 1,100 cryptocurrencies and tokens on the S, with 23 cryptocurrencies supported directly by and the rest supported by installed third-party applications.
A budget friendly cold wallet: At $59, is less expensive than a number of other hardware wallets, making it a great low-cost, extremely secure choice.
The private keys never ever leave the device: Unlike hot wallets through cryptocurrency exchanges, Nano S users hold their private keys. They’re never removed from the gadget or accessible through the web.
It supports more than 1,100 tokens and coins: Investors can keep popular and lesser-known coins and tokens on gadget.
Cons Discussed Ledger Nano Monero
Restricted storage area for crypto apps: A lot of cryptocurrencies require a crypto application, and the Nano S just holds up to 6 apps, depending upon the size.
The screen is little and isn’t a touchscreen: The gadget screen is less than an inch high, as the entire device is only 17.4 mm high (0.685 inches). It features 2 physical buttons instead of a touchscreen.
Not as mobile-friendly as other wallets: isn’t equipped with Bluetooth, so it requires a USB cable to connect to a computer or Android gadget.
supports about 107 cryptocurrencies and more than 1,000 tokens. Although users can’t keep fiat currencies on the S, stablecoins are supported. Financiers use the hardware to store popular cryptocurrencies, such as:
hardware wallet is $59 on the site. The company occasionally offers complimentary shipping to the U.S. and lots of worldwide areas. Otherwise, shipping expenses may be more than $19. also partners with a number of resellers, and you may discover the gadget more affordable elsewhere.
For example, on Amazon is $59 with complimentary shipment, whereas it’s $46.99 at Walmart (as of January 2022). Shipping times vary depending upon where you buy the device, however generally, you’ll get it in less than two weeks.
Inside the box is gadget together with a micro USB-B cable. Packages might also come with sheets to jot down your 24-word recovery phrase and a neck strap. also provides a pack of three devices for cost savings of as much as 21%.