Is Ledger Nano S Worth It Reddit – What you need to know

a secure chip} system. Is Ledger Nano S Worth It Reddit…. It provides financiers control over their personal keys and is backed by the biggest name in the market.

Investors can store more than 1,100 cryptocurrencies and tokens on the S, with 23 cryptocurrencies supported straight by and the rest supported by set up third-party applications.

Pros Described
An inexpensive cold wallet: At $59, is less costly than a number of other hardware wallets, making it an excellent low-cost, extremely safe alternative.
The personal secrets never ever leave the gadget: Unlike hot wallets through cryptocurrency exchanges, Nano S users hold their personal keys. They’re never ever gotten rid of from the device or accessible via the web.
It supports more than 1,100 coins and tokens: Financiers can keep popular and lesser-known coins and tokens on device.
Cons Described Is Ledger Nano S Worth It Reddit

Restricted storage area for crypto apps: Many cryptocurrencies need a crypto application, and the Nano S only holds up to six apps, depending on the size.
The screen is small and isn’t a touchscreen: The gadget screen is less than an inch tall, as the entire gadget is just 17.4 mm high (0.685 inches). It includes 2 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 link to a computer or Android gadget.
Supported Cryptocurrencies
supports about 107 cryptocurrencies and more than 1,000 tokens. Although users can’t save fiat currencies on the S, stablecoins are supported. Investors utilize the hardware to keep popular cryptocurrencies, such as:

 

Otherwise, shipping expenses might be more than $19. Partners with several resellers, and you might discover the gadget less expensive elsewhere.

On Amazon is $59 with complimentary shipment, whereas it’s $46.99 at Walmart (as of January 2022). Delivering times differ depending upon where you purchase the device, but usually, you’ll receive it in less than two weeks.

Inside the box is device in addition to a micro USB-B cable television. Packages may likewise come with sheets to document your 24-word healing phrase and a neck strap. Uses a pack of 3 devices for cost savings of up to 21%.