Storing the keys to your crypto is one of the riskiest aspects of investing in the asset class. I can see how keeping it simple would help beginners and first-time owners avoid any confusion when navigating the wallet and its buttons. Most of the software code of many hardware wallet manufacturers is open source, i.e. Here, the private keys are held by the operator of the exchange. At the same time, the bitcoins are not actually stored in the wallet, they are just an entry in the public blockchain. Most of the bigger cryptocurrencies and their blockchains are supported by the Ledger Live app. Comments on the article can also be shared here. Though slightly pricier than Trezors equivalent entry-level wallet, the Trezor One, it features a range of additional capabilities that make the extra outlay worthwhile for most people. 
It is available in desktop version (Windows, Mac) and mobile version (Android, iOS). However, due to the large number of inquiries, there are often long waiting times. All Ledger devices use Secure Element chips, which are also used in credit cards, passports and SIM cards. The Ledger Nano S Plus was released on April 4, 2022. Optionally, it is possible to check the recovery seed by entering the 24 words. If you do decide to buy from a reseller, these are the only ones that you should consider. 
Finder or the author may own cryptocurrency discussed on this page. If it has, your device may be susceptible to a hack, and you should not proceed with setup. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Opening it, you will find: Ledger Nano S Plus and its accessories (Krisztian Sandor/CoinDesk). The Ledger Nano S Plus always needs to be connected to a device like a laptop or tablet to be used. This is currently available there at a price of 119,00 (click here to check the current price). We may receive compensation from our partners for placement of their products or services. When comparing offers or services, verify relevant information with the institution or provider's site. This means that if you do not own them yourself, you trust a third party not to transfer them against your will. It is a long-awaited upgrade of the brands crypto wallet for beginners aimed for those who want to secure their digital assets themselves. You can still pair your Nano S Plus with a software wallet like MetaMask. Unfortunately, though, most providers require extensive identification checks, charge outsized fees or don't serve certain regions or states. Of course, not everyone has the ability to review code: thats why independent researchers are often encouraged to analyze, and are often rewarded by bug bounty programs when they find something. buy directly without middlemen from the manufacturer, recommended by Forbes, TechCrunch and Bloomberg. In essence, youre paying an extra $70 for the Nano Xs battery life and the convenience of its Bluetooth and iOS compatibility. While hacking a hardware wallet is significantly more difficult than a software-based wallet solution connected to the internet, its not impossible. Send and sign NFT transactions with full transparency possible in Ledger Live. Create an account in Ledger Live for the coins you want to stake. Do NOT take a photo of it or make any digital copy this creates an avenue for hackers to steal your crypto (provided they find and gain access to your physical Ledger device). The Ledger Live app offers fiat-to-crypto on-ramps to buy crypto directly on your wallet. It is a missing piece of the puzzle that easily scares the less experienced users away. Then click Add account for that cryptocurrency. The software is in most cases open source, so that the user or professionals can validate the entire operation of the device. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. It also supports numerous third-party tools and websites. Consider the Ledger Nano X if Bluetooth support is important to you. Like any hardware wallet, the Ledger Nano S Plus ensures that private keys are generated securely on the device and do not leave it. One caveat I would add for people holding small sums of crypto is that they should ask themselves: Is an extra layer of security necessary and worth the extra effort at their current level of investment? The App Catalog will appear showing all the possible cryptocurrencies you can store in the wallet. But that also means that *anyone* with the right private key can spend those bitcoins. CoinDesk was provided a sample product by the manufacturer in order to complete an unbiased, honest review. Their devices, like those of all other manufacturers, store the private keys without ever revealing them to the computer or smartphone. As with the predecessor models, you first go to www.ledger.com/start and are then guided through the following three steps. 
Anyone can see these bitcoins, but only you can spend it, so they are yours. All Ledger hardware wallets, including the Nano S Plus, benefit from the same top-level security rating. One of my worries about using cold storage prior to this trial was how complicated and intimidating it would be to get up to speed. Write down and store this PIN in a safe place. Which hardware wallet supports which coins? The instructions for each step in the process were clear to follow and the whole experience felt quite seamless. BTC, ETH, XRP, BCH, ADA, LTC, BNB, EOS, XTZ, XLM & 5,000+ more. The tokens (minus the 0.1 MATIC transfer fee) appeared in the Ledger Live app within five minutes. You must choose your own PIN code or password and do the backup yourself. Finder.com LLC. When you receive some bitcoins, say 0.1 BTC, you see them in your bitcoin wallet, listed under a bitcoin address. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. If the answer is still yes or at least not a categorical no the Ledger Nano S Plus is well worth your money. You will receive information about promotions and important news, such as security updates. The USB cable that comes within the box stays firm in the device, and the textile, shoelace-like cover keeps the cord untangled. For those who are just starting their journey in crypto, beginning with a hardware wallet is perhaps too big of a step unless, of course, youre investing large sums of money and need the additional security that comes with collet wallet storage. The corresponding apps on the Ledger Nano S Plus are required for this access. The Ledger Nano S Plus sells for $79 through Ledgers official website. Heres how you can do that: How to add a new account to the Ledger Nano S Plus (Krisztian Sandor/CoinDesk). 
We received no compensation for the review. He taught writing and entertainment business courses in Japan and worked with UNICEF in Nambia before returning to the States to teach at universities in New York City. Now apps can be installed and accounts can be added to Ledger Live. In addition, support is available through various channels such as Twitter, Reddit, Instagram or email. Stay up to date about hardware wallets with my free newsletter. Contact Ledger support if you have any concerns about the integrity of your device. Share your own experiences with the product here. Optional, only if you want us to follow up with you. Most wallets support more than just one cryptocurrency, but only generate one backup. Since you control that private key, you can spend those Bitcoins again: thats how Bitcoin ownership is defined. To protect the device, a PIN code is now set so that only authorized persons can access the device. It offers competitive value for money to anyone looking for secure, offline private key storage to manage a market-leading range of cryptos and NFTs. The Ledger Nano X, for example, has a larger screen, more memory to store coins, enables connecting with Bluetooth to your computer or use the hardware wallet without any connection for $149. He holds BTC and ETH. The Ledger hardware wallet securely stores the private keys and allows you to access your Kryptowhrungen. Finder monitors and updates our site to ensure that what were sharing is clear, honest and current. Finder is a registered trademark of Hive Empire Pty Ltd, and is used under license by However, most of the popular cryptocurrencies today were not around when the Nano S first came to market, and few people were interested in NFTs at the time. Purchase the Nano S Plus directly from Ledgers website and not from a third party to reduce the chances of someone tampering with your device before it reaches you. Confirm the addition of these apps by following the directions on your Nano S Plus device. 
How much do you have to trust hardware wallet manufacturers? Overall, I loved the no-frills, less-is-more design. Hardware wallets are a blockchain-only solution, so you cannot deposit and keep fiat currencies on it. This can be between 4 and 8 characters long. A more widespread manufacturer is Ledger. Management of over 5500+ digital assets possible (. If being able to manage a wide range of coins is important to you, youll be hard-pressed to find a better cold storage wallet. 
It is also possible to order through an official reseller. Trezors range of wallets comes in next best with support for around 1,800 assets. Cancel reply. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. When this is all set, the software runs a security check on the hardware to see whether it has been compromised or not. The same happens with transactions. Doing so will let you manage NFTs on a variety of different blockchains, but with the added security of your Ledger wallet. The Nano S Plus is ideal for people who have already made their first steps in crypto, are thinking about holding (or HODLing) digital assets as a long-term investment and want to take full control over the ownership of their digital assets. This means that even a hacker with access to the PC would not have access to the valuable cryptocurrencies. Ultimately, I dont see any reason why the average investor would need more than what the Nano S Plus offers. Therefore, it is very important to keep this key secret. The supported wallets of a cryptocurrency can be found in this list: Supported Crypto Assets. 
You can download plenty of additional applications from Ledger's own app store, Discover, via Ledger Live. The next generation of hardware wallet from TREZOR, the Model T includes a host of new features including a touchscreen and improved processing. The new certified safety chip ST33K1M5 (CC EAL5+) is installed. .ufaq-faq-display-style-Block.ewd-ufaq-post-active, .ufaq-faq-display-style-Block.ewd-ufaq-post-active a,.ufaq-faq-display-style-Block:hover, .ufaq-faq-display-style-Block:hover a, .ufaq-faq-display-style-Block:hover h4 { } The Ledger Nano S Plus hardware wallet provides the same level of security as Ledgers original hardware wallet the Nano S but with most of its premium Nano X features. Potential regulations or policies can affect their availability and services provided. This is not given by anyone! Bluetooth connectivity in particular theoretically offers the possibility for other attack vectors, which is why the Ledger Nano S Plus can score here. The Nano S Plus does a fairly good job of keeping it simple and accessible for the crypto curious who want to take ownership of digital assets in their own hands. Protection from both remote and physical attacks. They are not a miracle weapon, and there are several realistic ways to hack a hardware wallet Especially if someone has physical access to the device. div.ewd-ufaq-author-date { } As crypto has moved even farther into the mainstream, the market has grown to include new wallets for users of all levels, from complete beginners to institutional-grade investors. Then navigate to the Set up as new device item on the hardware wallet and confirm the selection by pressing both buttons. They both support the same number of digital assets, run the same number of apps simultaneously, and can be used to manage both cryptocurrencies and NFTs. He worked in Ghana and Venezuela before earning a degree in applied linguistics at Teachers College, Columbia University. Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. Frank Corva is the senior analyst for digital assets at Finder. Input your Ledger Live password if you created one. 
If you have NFTs on other blockchains, thats fine. Input the address in the space provided in the wallet from which youre sending funds. CoinDesk journalists are not allowed to purchase stock outright in DCG. 
The Ledger Nano S Plus makes the iconic bestseller Ledger Nano S DeFi and NFT friendly and ready for Web3. First, you need to download and install Ledgers app, called Ledger Live, from the companys website or a mobile app store. The world's most popular hardware wallet is now even better: bigger screen and more memory. When you play this YouTube video, data is transmitted to Google. If you are looking to start your journey with cold storage, the new Ledger Nano S Plus will not disappoint. The display is a 12864 pixel display. Once the appropriate app for the cryptocurrency is installed, accounts can be added. Check out our full list of pros and cons or read on for our full review. With a $79 price tag, it's an inexpensive option for a first-time user to try it out. Read more: Your First Crypto Wallet: What Is a Crypto Wallet and How to Use It. This stands for Not your keys, not your coins and is a basic and important rule for dealing with cryptocurrencies. Sure, there are wallets out there with more advanced specs. That is not a problem. div.ufaq-faq-categories, div.ufaq-faq-tags { }, Got a question or an opinion for this product? The Ledger Nano S Plus is compatible with the following platforms: Furthermore, over 5500+ crypto assets are supported, including the following: The constantly updated list of all supported crypto assets can be found here www.ledger.com/supported-crypto-assets. The Ledger Nano S Plus predecessor, the Nano S, casts a long shadow. Click on Manager on the left menu bar in the Ledger Live app on your computer or smartphone. 
The Ledger has a Type-C socket and the other end of the cable is a standard USB plug. The person who holds the private keys decides how the crypto assets associated with them are spent. Lets say, you want to hold bitcoin on your Ledger. You are welcome to leave pseudonyms or empty fields. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. information service that aims to provide you with information to help you make better decisions. We may also receive compensation if you click on certain links posted on our site. Hardware wallets are immune to computer viruses that steal from software wallets. The app will ask you to confirm the seed phrase by choosing the correct one from 4 choices. Never use a hardware wallet that is already set up. The Recovery Seed (backup) can only be viewed once. Only the given data will be saved (comment, name, e-mail, website, For the newsletter, the mail service provider Mailerlite is used. 
finder.com is a financial comparison and information service, not a bank or product provider, We cannot provide you with personal advice or recommendations, full methodology on how we rate cryptocurrency hardware wallets, Supported coins and tokens (1816), Trezor, The National Cybersecurity Agency of France, The National Agency for Security of Information Systems. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Your Recovery Seed is the backup key to all your cryptocurrencies and apps. Transfer the private keys to your crypto to your Ledger Nano S Plus. However, the connection is only made via cable, as the hardware wallet does not have Bluetooth connectivity in comparison to the Ledger Nano X. The Ledger has an operating system called BOLOS (Blockchain Open Ledger Operating System). Security aspects of the Ledger Nano S Plus, 119,00 (click here to check the current price), Creative Commons Attribution-ShareAlike 4.0 International License, Ledger: Warning of current phishing attacks, 5 Years Ledger Ledger Nano X Special Edition, Exchange Cryptocurrencies directly within the TREZOR Wallet, Save 50% on the Ledger Nano S with the LEDGER BACKUP PACK, Save 10% with the Ledger Nano X Family Pack Bundle, Save 21% with the Ledger Nano S Family Pack Bundle. This is the second thing youre going to need to write down, and make sure you get all 24 words exactly right. I recommend using exchanges for purchase and sales, and keeping the Ledger for storage. Read the full methodology on how we rate cryptocurrency hardware wallets. Write down your 24-word recovery seed phrase at the prompt and store it in a secure place. This does not limit their ability to publish a full independent report without permission. The large screen makes it easy to navigate and review transactions.
It is available in desktop version (Windows, Mac) and mobile version (Android, iOS). However, due to the large number of inquiries, there are often long waiting times. All Ledger devices use Secure Element chips, which are also used in credit cards, passports and SIM cards. The Ledger Nano S Plus was released on April 4, 2022. Optionally, it is possible to check the recovery seed by entering the 24 words. If you do decide to buy from a reseller, these are the only ones that you should consider. Finder or the author may own cryptocurrency discussed on this page. If it has, your device may be susceptible to a hack, and you should not proceed with setup. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Opening it, you will find: Ledger Nano S Plus and its accessories (Krisztian Sandor/CoinDesk). The Ledger Nano S Plus always needs to be connected to a device like a laptop or tablet to be used. This is currently available there at a price of 119,00 (click here to check the current price). We may receive compensation from our partners for placement of their products or services. When comparing offers or services, verify relevant information with the institution or provider's site. This means that if you do not own them yourself, you trust a third party not to transfer them against your will. It is a long-awaited upgrade of the brands crypto wallet for beginners aimed for those who want to secure their digital assets themselves. You can still pair your Nano S Plus with a software wallet like MetaMask. Unfortunately, though, most providers require extensive identification checks, charge outsized fees or don't serve certain regions or states. Of course, not everyone has the ability to review code: thats why independent researchers are often encouraged to analyze, and are often rewarded by bug bounty programs when they find something. buy directly without middlemen from the manufacturer, recommended by Forbes, TechCrunch and Bloomberg. In essence, youre paying an extra $70 for the Nano Xs battery life and the convenience of its Bluetooth and iOS compatibility. While hacking a hardware wallet is significantly more difficult than a software-based wallet solution connected to the internet, its not impossible. Send and sign NFT transactions with full transparency possible in Ledger Live. Create an account in Ledger Live for the coins you want to stake. Do NOT take a photo of it or make any digital copy this creates an avenue for hackers to steal your crypto (provided they find and gain access to your physical Ledger device). The Ledger Live app offers fiat-to-crypto on-ramps to buy crypto directly on your wallet. It is a missing piece of the puzzle that easily scares the less experienced users away. Then click Add account for that cryptocurrency. The software is in most cases open source, so that the user or professionals can validate the entire operation of the device. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. It also supports numerous third-party tools and websites. Consider the Ledger Nano X if Bluetooth support is important to you. Like any hardware wallet, the Ledger Nano S Plus ensures that private keys are generated securely on the device and do not leave it. One caveat I would add for people holding small sums of crypto is that they should ask themselves: Is an extra layer of security necessary and worth the extra effort at their current level of investment? The App Catalog will appear showing all the possible cryptocurrencies you can store in the wallet. But that also means that *anyone* with the right private key can spend those bitcoins. CoinDesk was provided a sample product by the manufacturer in order to complete an unbiased, honest review. Their devices, like those of all other manufacturers, store the private keys without ever revealing them to the computer or smartphone. As with the predecessor models, you first go to www.ledger.com/start and are then guided through the following three steps. Anyone can see these bitcoins, but only you can spend it, so they are yours. All Ledger hardware wallets, including the Nano S Plus, benefit from the same top-level security rating. One of my worries about using cold storage prior to this trial was how complicated and intimidating it would be to get up to speed. Write down and store this PIN in a safe place. Which hardware wallet supports which coins? The instructions for each step in the process were clear to follow and the whole experience felt quite seamless. BTC, ETH, XRP, BCH, ADA, LTC, BNB, EOS, XTZ, XLM & 5,000+ more. The tokens (minus the 0.1 MATIC transfer fee) appeared in the Ledger Live app within five minutes. You must choose your own PIN code or password and do the backup yourself. Finder.com LLC. When you receive some bitcoins, say 0.1 BTC, you see them in your bitcoin wallet, listed under a bitcoin address. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. If the answer is still yes or at least not a categorical no the Ledger Nano S Plus is well worth your money. You will receive information about promotions and important news, such as security updates. The USB cable that comes within the box stays firm in the device, and the textile, shoelace-like cover keeps the cord untangled. For those who are just starting their journey in crypto, beginning with a hardware wallet is perhaps too big of a step unless, of course, youre investing large sums of money and need the additional security that comes with collet wallet storage. The corresponding apps on the Ledger Nano S Plus are required for this access. The Ledger Nano S Plus sells for $79 through Ledgers official website. Heres how you can do that: How to add a new account to the Ledger Nano S Plus (Krisztian Sandor/CoinDesk). We received no compensation for the review. He taught writing and entertainment business courses in Japan and worked with UNICEF in Nambia before returning to the States to teach at universities in New York City. Now apps can be installed and accounts can be added to Ledger Live. In addition, support is available through various channels such as Twitter, Reddit, Instagram or email. Stay up to date about hardware wallets with my free newsletter. Contact Ledger support if you have any concerns about the integrity of your device. Share your own experiences with the product here. Optional, only if you want us to follow up with you. Most wallets support more than just one cryptocurrency, but only generate one backup. Since you control that private key, you can spend those Bitcoins again: thats how Bitcoin ownership is defined. To protect the device, a PIN code is now set so that only authorized persons can access the device. It offers competitive value for money to anyone looking for secure, offline private key storage to manage a market-leading range of cryptos and NFTs. The Ledger Nano X, for example, has a larger screen, more memory to store coins, enables connecting with Bluetooth to your computer or use the hardware wallet without any connection for $149. He holds BTC and ETH. The Ledger hardware wallet securely stores the private keys and allows you to access your Kryptowhrungen. Finder monitors and updates our site to ensure that what were sharing is clear, honest and current. Finder is a registered trademark of Hive Empire Pty Ltd, and is used under license by However, most of the popular cryptocurrencies today were not around when the Nano S first came to market, and few people were interested in NFTs at the time. Purchase the Nano S Plus directly from Ledgers website and not from a third party to reduce the chances of someone tampering with your device before it reaches you. Confirm the addition of these apps by following the directions on your Nano S Plus device. How much do you have to trust hardware wallet manufacturers? Overall, I loved the no-frills, less-is-more design. Hardware wallets are a blockchain-only solution, so you cannot deposit and keep fiat currencies on it. This can be between 4 and 8 characters long. A more widespread manufacturer is Ledger. Management of over 5500+ digital assets possible (. If being able to manage a wide range of coins is important to you, youll be hard-pressed to find a better cold storage wallet. It is also possible to order through an official reseller. Trezors range of wallets comes in next best with support for around 1,800 assets. Cancel reply. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. When this is all set, the software runs a security check on the hardware to see whether it has been compromised or not. The same happens with transactions. Doing so will let you manage NFTs on a variety of different blockchains, but with the added security of your Ledger wallet. The Nano S Plus is ideal for people who have already made their first steps in crypto, are thinking about holding (or HODLing) digital assets as a long-term investment and want to take full control over the ownership of their digital assets. This means that even a hacker with access to the PC would not have access to the valuable cryptocurrencies. Ultimately, I dont see any reason why the average investor would need more than what the Nano S Plus offers. Therefore, it is very important to keep this key secret. The supported wallets of a cryptocurrency can be found in this list: Supported Crypto Assets. You can download plenty of additional applications from Ledger's own app store, Discover, via Ledger Live. The next generation of hardware wallet from TREZOR, the Model T includes a host of new features including a touchscreen and improved processing. The new certified safety chip ST33K1M5 (CC EAL5+) is installed. .ufaq-faq-display-style-Block.ewd-ufaq-post-active, .ufaq-faq-display-style-Block.ewd-ufaq-post-active a,.ufaq-faq-display-style-Block:hover, .ufaq-faq-display-style-Block:hover a, .ufaq-faq-display-style-Block:hover h4 { } The Ledger Nano S Plus hardware wallet provides the same level of security as Ledgers original hardware wallet the Nano S but with most of its premium Nano X features. Potential regulations or policies can affect their availability and services provided. This is not given by anyone! Bluetooth connectivity in particular theoretically offers the possibility for other attack vectors, which is why the Ledger Nano S Plus can score here. The Nano S Plus does a fairly good job of keeping it simple and accessible for the crypto curious who want to take ownership of digital assets in their own hands. Protection from both remote and physical attacks. They are not a miracle weapon, and there are several realistic ways to hack a hardware wallet Especially if someone has physical access to the device. div.ewd-ufaq-author-date { } As crypto has moved even farther into the mainstream, the market has grown to include new wallets for users of all levels, from complete beginners to institutional-grade investors. Then navigate to the Set up as new device item on the hardware wallet and confirm the selection by pressing both buttons. They both support the same number of digital assets, run the same number of apps simultaneously, and can be used to manage both cryptocurrencies and NFTs. He worked in Ghana and Venezuela before earning a degree in applied linguistics at Teachers College, Columbia University. Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. Frank Corva is the senior analyst for digital assets at Finder. Input your Ledger Live password if you created one. If you have NFTs on other blockchains, thats fine. Input the address in the space provided in the wallet from which youre sending funds. CoinDesk journalists are not allowed to purchase stock outright in DCG. The Ledger Nano S Plus makes the iconic bestseller Ledger Nano S DeFi and NFT friendly and ready for Web3. First, you need to download and install Ledgers app, called Ledger Live, from the companys website or a mobile app store. The world's most popular hardware wallet is now even better: bigger screen and more memory. When you play this YouTube video, data is transmitted to Google. If you are looking to start your journey with cold storage, the new Ledger Nano S Plus will not disappoint. The display is a 12864 pixel display. Once the appropriate app for the cryptocurrency is installed, accounts can be added. Check out our full list of pros and cons or read on for our full review. With a $79 price tag, it's an inexpensive option for a first-time user to try it out. Read more: Your First Crypto Wallet: What Is a Crypto Wallet and How to Use It. This stands for Not your keys, not your coins and is a basic and important rule for dealing with cryptocurrencies. Sure, there are wallets out there with more advanced specs. That is not a problem. div.ufaq-faq-categories, div.ufaq-faq-tags { }, Got a question or an opinion for this product? The Ledger Nano S Plus is compatible with the following platforms: Furthermore, over 5500+ crypto assets are supported, including the following: The constantly updated list of all supported crypto assets can be found here www.ledger.com/supported-crypto-assets. The Ledger Nano S Plus predecessor, the Nano S, casts a long shadow. Click on Manager on the left menu bar in the Ledger Live app on your computer or smartphone. The Ledger has a Type-C socket and the other end of the cable is a standard USB plug. The person who holds the private keys decides how the crypto assets associated with them are spent. Lets say, you want to hold bitcoin on your Ledger. You are welcome to leave pseudonyms or empty fields. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. information service that aims to provide you with information to help you make better decisions. We may also receive compensation if you click on certain links posted on our site. Hardware wallets are immune to computer viruses that steal from software wallets. The app will ask you to confirm the seed phrase by choosing the correct one from 4 choices. Never use a hardware wallet that is already set up. The Recovery Seed (backup) can only be viewed once. Only the given data will be saved (comment, name, e-mail, website, For the newsletter, the mail service provider Mailerlite is used. finder.com is a financial comparison and information service, not a bank or product provider, We cannot provide you with personal advice or recommendations, full methodology on how we rate cryptocurrency hardware wallets, Supported coins and tokens (1816), Trezor, The National Cybersecurity Agency of France, The National Agency for Security of Information Systems. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Your Recovery Seed is the backup key to all your cryptocurrencies and apps. Transfer the private keys to your crypto to your Ledger Nano S Plus. However, the connection is only made via cable, as the hardware wallet does not have Bluetooth connectivity in comparison to the Ledger Nano X. The Ledger has an operating system called BOLOS (Blockchain Open Ledger Operating System). Security aspects of the Ledger Nano S Plus, 119,00 (click here to check the current price), Creative Commons Attribution-ShareAlike 4.0 International License, Ledger: Warning of current phishing attacks, 5 Years Ledger Ledger Nano X Special Edition, Exchange Cryptocurrencies directly within the TREZOR Wallet, Save 50% on the Ledger Nano S with the LEDGER BACKUP PACK, Save 10% with the Ledger Nano X Family Pack Bundle, Save 21% with the Ledger Nano S Family Pack Bundle. This is the second thing youre going to need to write down, and make sure you get all 24 words exactly right. I recommend using exchanges for purchase and sales, and keeping the Ledger for storage. Read the full methodology on how we rate cryptocurrency hardware wallets. Write down your 24-word recovery seed phrase at the prompt and store it in a secure place. This does not limit their ability to publish a full independent report without permission. The large screen makes it easy to navigate and review transactions.