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Ledger Nano S Plus Review 2023

When price and functionality are taken into account, the Ledger Nano S Plus is the finest hardware wallet for the majority of consumers.

The Ledger Nano S Plus hardware wallet provides the same level of security as the original hardware wallet- the Nano S-but with most of its best features retained.

So they are similar, more like a sequel to the original, but the Nano plus addresses a major flaw in the first device: a minuscule amount of storage

The new Nano S Plus has a better screen and a USB-C port, but the considerably enhanced storage alone is worth the price of admission.

The original Nano could only contain three crypto apps; the S+ can hold hundreds.

The Launch of the Nano S Plus

After declaring that the Nano S would be decommissioned after its final production cycle, Ledger launched the Nano S Plus model in April 2022.

The Nano S Plus is a major boost to its predecessor for only $79, which is $20 more than the former.

They made a wise decision in producing the Nano S Plus, considering their two previous hardware wallets had the following major flaws:

Ledger Nano S – Inadequate storage; it could only keep 3-5 apps, implying that it could only store 3-5 crypto assets.

Ledger Nano X –  Too expensive, and some hardware wallet enthusiasts prefer not to have Bluetooth support.

As a result, they released the Ledger Nano S Plus, which is the perfect midpoint between the two.

Why You Should Consider the Ledger Nano S Plus

Anyone looking for secure, offline private key storage to manage a market-leading range of cryptos and NFTs will get a competitive value for money.

You can also use the Nano S Plus in conjunction with Ledger Live to purchase, trade, and swap your crypto assets.

However, the device has made no progress in terms of mobile device compatibility, and you can only stake a limited number of tokens via the device’s native Ledger Live interface.

Ledger Nano S Plus Pros and Cons

ledger Nano S plus

Pros

  • The price is excellent
  • Because of its low cost and intuitive setup, this wallet is ideal for beginners.
  • Combine with web apps for DeFi, staking, NFTs, and more.
  • Likely one of the world’s most secure storage systems.
  • The screen size is larger (128 x 64px) than the original Nano S.
  • Supports over 5,500 tokens
  • It can run up to 100 apps at the same time.
  • Device times out after a period of idleness.
  • You can buy and trade cryptocurrency directly from your wallet.

Cons

  • With the USB-C connector, mobile support is limited (No iOS)
  • There is still no touchscreen.
  • The build quality appears to be OK.
  • New cryptocurrency users may find the cost prohibitive.
  • It is more expensive than the original Nano S.
  • There is no Bluetooth connection.
  • It is not compatible with iOS 
  • Many cryptos cannot be staked using Ledger Live.
  •  It can be quite tedious to enter your PIN

What’s in the Box?

These are the following items you’ll find in the silver-colored metallic box:

  • Device Ledger Nano S Plus Device
  • A card describing Ledger’s Nano S Upgrades
  • The device is connected to your computer through a USB-C cable.
  • “Trust Yourself” card with metallic colors
  • Three Secret Recovery Sheet cards housed in an orange folder.
  • Pink envelope carrying the device instructions
  • Ledger keychain
  • Ledger Sticker
  • Sheets to write down your 24-word recovery phrase to be able to recover your funds if the device is lost or stolen
  • Neck Strap
  • Setup Guide

How to Set Up the Ledger Nano S Plus

Before installing the Nano S Plus, ensure that the shrink wrap on the box has not been compromised. If it has, your device is vulnerable to hacking and you should not proceed with the setup.

These are the steps you should take when setting up your Nano S Plus:

  • Install the Ledger Live program on your desktop PC.
  • Connect your Nano S Plus to your computer.
  • Using the top right button, you can scroll through the welcome message on the Nano S Plus.
  • After you see the message “Set Up As New Device,” press both buttons at the top of the device at the same time.
  • Create a 4- to 8-digit PIN code. Write down the PIN and keep it somewhere secure.
  • At the prompt, write down your 24-word recovery seed phrase and keep it somewhere safe.
  • Verify or Confirm the phrase.

Ledger Nano S Plus Price

The Ledger Nano S Plus is available for $79 through Ledger’s official website

This places it midway between the Ledger Nano S, which costs $59, and the Ledger Nano X, which costs $149.

Though slightly more expensive than Trezor’s similar entry-level wallet, the Trezor One, it includes a number of additional features that make the extra investment worthwhile for most individuals.

Where to Buy the Nano S Plus in the US?

Buy the Nano S Plus from Ledger’s website directly rather than a third party to limit the possibility of someone tampering with your device before it reaches you.

On their website, Ledger lists some authorized merchants who sell the Nano S Plus. If you do decide to purchase from a reseller, these are the only ones to consider.

Conclusion

The Nano S Plus is one of the market’s most inventive and feature-rich new hardware wallets. It can let you handle most digital assets securely and affordably, including cryptos and NFTs.

Although, storing the keys to your wallet is one of the riskiest components of investing in cryptocurrency.

So it is ideal that you do your research on all the available options before choosing a crypto wallet that is perfect for you.

Hardware wallets are largely regarded as the safest option to keep your cryptocurrency, especially if you’re a regular investor or intend to hold for the long term.

FAQs

How Many Apps can Ledger Nano S Plus hold?

It can hold 100

The Nano S Plus doesn’t have Bluetooth Capability, so you will have to use a cable.

It cannot be hacked without any physical access to the device.

The Nano S Ledger can last for 5 years.

This application can be used with multiple ledger accounts?

Ledger Nano X is one the best option for tracking your more than 3 currencies and easy access to your funds using any internet-connected device.

Yes, they do use standards(BIP32/BIP39/BIP44) and still keep track of your previous ones. However, the Previous addresses do remain valid, but they don’t offer a high level of privacy.

Each participant in a transaction performed on LedgerX will be charged an execution fee that is equal to the lower of either (a) $5.00 per contract or (b) 25% of the price per contract.

Even if you do lose it, you shouldn’t be worried, your crypto is still intact

No, they can’t, only you can access your ledger with the pin code set for you.

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