The Ledger Nano brand of digital wallets recently added a new product to its Ledger collection known as the Ledger Nano S PLUS.
This new addition further solidifies Ledger’s commitment to providing budget-friendly hardware wallets to crypto holders.
The Catch for the Ledger Nano S PLUS is its NFT managing feature in a developer-friendly environment which is the first of its kind. With this feature, you can sign and send your NFT transactions and explore Web3 with full transparency in Ledger Live.
Main Features of the Nano S, Nano S PLUS, and Nano X
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The Nano S PLUS runs on a certified secured chip (CC EAL 5+) that can power up to 100 apps on the device managing over 5,500 digital assets.
You can access these apps on a 128 x 64 pixels LED display screen which makes the hardware wallet sleek, beautiful, and easy to navigate.
• The new Ledger Nano S PLUS is an upgrade from the Ledger Nano S featuring a larger screen and an improved memory.
• The Ledger Nano S PLUS does not have a Bluetooth connectivity feature like the Ledger Nano X. The Nano S PLUS uses the USB-C to initiate a connection with another device.
• With the Ledger Nano S PLUS, you can have an even optimal experience given its solid security and the fact that your crypto assets are easily within your control.
• The Ledger Nano S PLUS comes at a price of only $79 which is still quite affordable given its amazing qualities.
• Ledger has continued to set the pace for others to follow with products and services that are of high-quality standards with very limited competition.
The Ledger Nano S PLUS: An Overview
In addition to all of the features listed above, the Ledger Nano S PLUS comes with a larger memory size of 1.5 MB compared to the Nano S of 320KB. The Nano S PLUS is also improved in terms of navigation with a 124 x 64 px screen similar to the Ledger Nano X.
With more memory, the Ledger Nano S PLUS allows you to manage over 5,500 digital assets and over 100 apps installed simultaneously.
New Features of the Ledger Nano S PLUS
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Other than just the features, the Ledger Nano S PLUS brings more to the table in terms of managing NFTS, entering DeFi and web3. The CEO of Ledger, Pascal Gauthier said:
“The Ledger Nano S PLUS is a Nano S on steroids. It provides you with more space to freely enjoy the ever-expanding world of DeFi and NFTs. We keep improving our world-leading hardware devices to allow you to securely explore the Web3 ecosystem.”
What this means is that if you think the Ledger Nano S is powerful, the new Ledger Nano S PLUS is even more so.
The Ledger Nano S PLUS supports over 5500 cryptocurrencies and over 100 apps. You can check them out here.
The Ledger Nano S PLUS is priced at $79, VAT and Duty not included which is slightly higher than the Ledger Nano S at $59.
Nonetheless, when you look at the additional offerings (NFTs, DeFI & Web3) the Ledger Nano S PLUS brings to the table, the new device may be worth it if you’re considering venturing into NFTs.
The Cons of the New Ledger Nano S PLUS
Even if we think the new Ledger is packed with some extras compared to the first version Ledger Nano S, here is why we think the new device falls short.
- No Bluetooth connectivity, only USB A to USB C.
- No batteries for standby use.
- The device doesn’t validate change addresses.
- Not suitable for crypto mining.
Why You Should Choose The Ledger Nano S PLUS
Now that you understand what the Ledger Nano S PLUS is truly capable of, you might be wondering why you should go for it.
Well if this is your thought, sit back as I give you 5 reasons why the Ledger Nano S PLUS may be worth the bucks.
Let us take a look at the reasons below:
1. Financial Freedom
One special feature about the Ledger Nano S PLUS is that it gives you the freedom to own your private keys which gives you direct access to your crypto holdings.
By combining the S PLUS with the Ledger Live app, you have not only maximized security but you have also been able to safely protect your private keys in a secure element chip in such a way that only you can have access to them.
2. World of DeFi
With the Ledger Nano S PLUS, you can easily access the world of decentralized finance and unlike centralized finance, there are no middlemen in place to complicate things nor are there barriers or restrictions to entry.
By storing your crypto in the Ledger Nano S PLUS, you can easily make key transactions and access DeFi services using the Ledger live interface.
3. Multiple Crypto Options
The Ledger Nano S PLUS comes with the Ledger Live app which means that you can simply perform multiple services such as:
- Buy and Sell Crypto
In collaboration with the Ledger Live app, the Ledger Nano S PLUS gives you the avenue to buy cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc.
The same goes for selling cryptocurrencies as you can also sell cryptocurrencies for fiat currencies any time you need it.
- Exchange Crypto
With the Ledger Nano S PLUS, you can easily exchange cryptocurrencies to gain more value and as well to diversify your crypto portfolio to mitigate risks.
- Grow Crypto Assets
Thanks to the Ledger Nano S PLUS, you can stake your cryptocurrencies and you can even lend your crypto to others to gain interest. A feature most major wallet competitors out there do not have.
4. Improved Security
Just as has been made mentioned earlier, the Ledger Nano S PLUS has one of the best security chip certifications in the market. The security embedded in this wallet far surpasses industry standards.
The wallet contains a secure element (SE), the most secured chip around to give your private keys solid protection and other sophisticated attacks as the case may be.
The S PLUS also has its own custom OS (BOLOS) to further protect against attacks of any kind.
Lastly, it comes with an authentication process that makes sure that it hasn’t been tampered with or compromised.
Just in case your preferred crypto isn’t among the supported ones (which is highly unlikely), you can make use of any of the 50 compatible external wallets on the ledger live app.
Frequently Asked Questions (FAQs)
How Many Cryptocurrencies does Ledger Nano S PLUS Support?
The Ledger Nano S PLUS supports over 5500 cryptocurrencies which means that you can rest assured that your favorite cryptocurrencies are supported by the wallet.
Is it worth getting a Ledger Nano S PLUS?
If you value your crypto assets a lot and you are looking for the best crypto wallet out there, then the Ledger Nano S PLUS is well worth every penny as it will safely secure your assets and much more.
The Ledger Nano S PLUS is an excellent Ledger flagship device with the best qualities and amazing features you could ask for in a wallet.
Having the best crypto wallet around is always guaranteed to give you peace of mind and that is why you need to buy the Ledger Nano S PLUS today.
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