Is Ledger Nano S Safe Reddit – What you need to know

a protected chip} system. Is Ledger Nano S Safe Reddit…. It gives investors manage over their personal keys and is backed by the largest name in the market.

Investors can store 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.

Pros Discussed
An inexpensive cold wallet: At $59, is less costly than a number of other hardware wallets, making it a great low-cost, highly protected choice.
The personal secrets never leave the gadget: Unlike hot wallets through cryptocurrency exchanges, Nano S users hold their private keys. They’re never removed from the gadget or available via the web.
It supports more than 1,100 tokens and coins: Financiers can keep popular and lesser-known coins and tokens on device.
Cons Explained Is Ledger Nano S Safe Reddit

Limited storage area for crypto apps: Most cryptocurrencies require a crypto application, and the Nano S only holds up to six apps, depending upon the size.
The display screen is small and isn’t a touchscreen: The gadget screen is less than an inch tall, as the entire gadget is only 17.4 mm high (0.685 inches). It features two physical buttons instead of a touchscreen.
Not as mobile-friendly as other wallets: isn’t equipped with Bluetooth, so it needs a USB cable to connect to a computer system or Android gadget.
Supported Cryptocurrencies
supports about 107 cryptocurrencies and more than 1,000 tokens. Although users can’t store fiat currencies on the S, stablecoins are supported. Investors utilize the hardware to store popular cryptocurrencies, such as:

 

hardware wallet is $59 on the site. The company periodically provides totally free shipping to the U.S. and lots of worldwide areas. Otherwise, shipping costs might be more than $19. Partners with numerous resellers, and you might find the device less expensive elsewhere.

For example, on Amazon is $59 with complimentary shipment, whereas it’s $46.99 at Walmart (since January 2022). Delivering times vary depending upon where you buy the device, but usually, you’ll get it in less than two weeks.

Inside the box is gadget in addition to a micro USB-B cable television. Packages might also feature sheets to document your 24-word healing phrase and a neck strap. Provides a pack of 3 gadgets for cost savings of up to 21%.