Ledger Nano S - Hardware - Choose your wallet (2024)

FAQs

Is Ledger Nano S obsolete? ›

Note: In June 2022, the Ledger Nano S was discontinued and replaced with the Ledger Nano S Plus. The Nano S still works, and as long as you have your 24-word recovery phrase, you can import your existing Nano S wallet into another wallet or device. The following review is kept for legacy purposes.

Ledger devices are industry-leading hardware wallets due to their security model. They offer a secure element chip, the same computer chip used for bank cards and passports coupled with its direct connection to the Trusted Display. These pieces guarantee that no hacker can access your crypto online or physically.

Is Ledger still safe to use?? [Call~for~Help®] Ledger (+1-833-204-0882) crypto wallet is safe to use, as it does not expose your private keys or seed phrases to the internet, even when using Bluetooth.

If you've enabled PIN lock, your device will show the Ledger logo screen saver. To unlock the device, press both buttons and enter your PIN code.

In December 2023, Ledger, a renowned crypto hardware wallet manufacturer, experienced a significant security breach. This hack not only raised concerns over the safety of digital assets but also sparked debates about the security practices of companies within the crypto space.

Ledger offers a range of hardware wallets that allow you to store your cryptocurrencies offline. This protects your assets against potential online threats. These wallets are highly secure and reliable. They come with a variety of features, including Bluetooth connectivity, native staking, and NFT management.

Does Ledger report to the Internal Revenue Service (IRS)? Ledger does collect Know Your Customer (KYC) information from customers who trade cryptocurrency through Ledger Live. However, Ledger does not collect information from customers who simply use the company's hardware wallet.

Frequently asked questions. Should I use Trezor or Ledger? Trezor and Ledger are both quality wallets for investors. Trezor may be a better choice for investors who value lower prices and transparency, while Ledger may be a better choice for investors who value user-friendliness and features like staking.

By comparing Ledger vs Kraken overall scores, we clearly see that Ledger has the higher overall score of 7.9. Kraken, on the other hand, has scored 7.8 final points.

As one of the most secure chips in the world, Ledger wallets with Secure Element are resistant to a variety of malicious activities, such as fault injection, laser attacks, electromagnetic tampering, and power glitches. (Fun fact! Ledger wallets are the only hardware wallets that use SE chips.)

What is the problem with Ledger? ›

Ledger Live users may encounter "Network Error" messages with NEAR accounts on both mobile and desktop. Issues include account creation, transaction display, and history updates. You may receive a "Transfer_keep_alive" error when sending the maximum amount of Polkadot (DOT) in Ledger Live desktop.

While we are confident that Ledger devices are designed to withstand all known vectors of attack, scammers are continually finding ways to use social engineering, phishing, and fraud tactics to trick crypto users to separate them from their hard-earned money.

If you can't access your Ledger device and you still have your 24-word recovery phrase (which hasn't been lost, stolen, or given out), you can rest assured that your crypto assets remain safe.

The major difference between a hidden wallet and the standard wallet you have on your Ledger device is that the former needs both the seed phrase and passphrase to access your virtual assets. By contrast, you only need the 24-word recovery phrase for the standard Ledger wallet to restore your crypto.

One option is to transfer your funds to a temporary, outside account, reset your device, and create a fresh wallet with a 24-word secret recovery phrase. Then, you'd send the funds back to your new accounts in Ledger Live.

This article answers the most common questions about the cease of Ledger Nano S production. Can I still use my Ledger Nano S? Yes, you can. Services related to Ledger Nano S remain available.

Do I need to update my Ledger device? Yes, we strongly recommend always updating your device to the latest OS (firmware) version to benefit from the optimal security level and user experience offered by our products. What changes are included in the update?

Original review: The Nano S is (in my opinion) the best hardware wallet on the market today. If you are familiar with security technology, this is very similar to having an HSM in your pocket. The latest firmware as of today (Nov 6, 2016) allows usage of Bitcoin, Litecoin and Ethereum (including tokens).