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If you’re evaluating the Ledger Nano S vs. S Plus, you want to know which hardware wallet fits your cryptocurrency lifestyle best. This guide breaks down the pivotal features, from app capacity to coin support, to help you identify the ideal device, whether you’re a crypto newcomer or a seasoned enthusiast.
Key Takeaways
- The Ledger Nano S and S Plus are both designed as hardware wallets for secure storage of cryptocurrencies, with the S Plus introduced as an upgrade to the Nano S, offering enhanced functionality, increased storage capacity for up to 100 apps, and support for a diverse portfolio, including NFTs.
- Despite similarities in security features, the Nano S Plus stands out with a larger storage capacity, supporting up to 100 applications and 5,000 coins for macOS users, along with a bigger screen display for better visibility and user interaction.
- The choice between the Ledger Nano S and S Plus should be based on user needs; the S Plus is better for users with larger, diversified portfolios and those involved in DeFi and NFTs, while the Nano S caters to those with simpler crypto management needs and a smaller selection of currencies.
Ledger Nano S and S Plus Overview
The Ledger Nano S and S Plus are designed as hardware wallets, providing a secure storage solution for cryptocurrencies and other digital assets. They act as a personal vault, safeguarding your investments from potential threats. Ledger transitioned from the Nano S to the S Plus in June 2022, signaling a significant shift in their product lineup.
The Nano S Plus is an upgrade from its predecessor in terms of functionality. This advanced wallet caters to the evolving needs of crypto users, particularly those dealing with a diversified portfolio of cryptocurrencies and non-fungible tokens (NFTs). The S Plus serves as a testament to Ledger’s commitment to meeting the changing demands of the crypto community.
Key Similarities Between Ledger Nano S and S Plus
The Ledger Nano S and S Plus share several key features that contribute to their reliability as ledger hardware wallets. For instance, both devices utilize secure element chips, enhancing the security of the wallets by providing a robust defense against potential breaches. They also incorporate an air-gapped design, which further reinforces their security by isolating them from potentially insecure networks.
Moreover, both wallets are compatible with the Ledger Live software. This shared feature allows for the convenient management of an extensive range of crypto assets directly from your computer. Be it Bitcoin, Ethereum, or one of the 500 other supported cryptocurrencies, both the Nano S and S Plus have got you covered.
Distinguishing Features: Ledger Nano S vs. S Plus
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While the Ledger Nano S and S Plus share key similarities, they also have notable differences in terms of storage capacity, supported cryptocurrencies, and physical appearance. These distinguishing features cater to different user needs and preferences, making each model unique in its own right.
Storage Capacity
One of the key differences between the Ledger Nano S and S Plus lies in their storage capacity. The Nano S can accommodate up to 5 applications, while the S Plus can house up to 100 applications simultaneously. This enhanced storage capacity is due to the significant difference in the memory size of the two devices, with the Nano S offering 138 KB and the S Plus boasting a whopping 1.5 MB.
The larger storage capacity of the S Plus offers several benefits:
- It allows for more applications to be installed on the device.
- It enhances the overall user experience.
- It caters to users who need to manage a diverse range of crypto assets and applications.
- It provides a more versatile solution for advanced crypto users.
Supported Cryptocurrencies
Another distinguishing feature of the Ledger Nano S and S Plus is the number of supported cryptocurrencies. The Ledger Nano S supports up to three coins, while the Nano S Plus can support up to 100 coins. This extended support makes the S Plus a preferred choice for users with diversified portfolios. What’s more, for MacOS users, the Ledger Nano S Plus offers support for over 5000 coins.
The capabilities of the Ledger Nano S Plus include:
- Handling up to 100 applications simultaneously
- Enhancing its versatility for users
- Efficiently managing your crypto assets, regardless of the size and diversity of your portfolio,.
Physical Appearance and Size
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The Ledger Nano S and S Plus are designed like compact USB drives with flip-open aluminum shields that reveal their screens, providing a sleek and minimalist aesthetic. However, there is a notable difference in their screen sizes. The Ledger Nano S Plus features a larger screen display than the Nano S, with the S Plus showing 64 vertical pixels compared to the Nano S’s 32 vertical pixels.
In terms of size and weight, both devices are lightweight and portable, making them easy to carry around. However, the Nano S Plus is slightly bigger and heavier at 62.3mm x 17.4mm x 8.2mm and 21g, in contrast to the smaller and lighter Nano S, which measures 56.9mm x 17.4mm x 9.1mm and weighs 16g. This slight increase in size and weight is a small trade-off for the enhanced functionality and larger screen size of the S Plus.
User Experience and Interface
When it comes to user experience and interface, the Ledger Nano S and S Plus differ primarily in their screen sizes. The Ledger Nano S has a screen size of 128 px x 32 px, while the Ledger Nano S Plus boasts a larger display of 128 px x 64 px. This larger display facilitates easier navigation and confirmation of addresses, thereby enhancing the overall user experience.
The features of the Ledger Nano S Plus include:
- Enlarged display for enhanced visibility and legibility of transaction information
- Improved user interaction for easier management of crypto assets
- Enhanced security measures for secure transactions
These features make the Ledger Nano S Plus a reliable and efficient device for managing your crypto assets.
Security Measures: Protecting Your Digital Assets
Security is a paramount concern when dealing with cryptocurrencies. Both the Ledger Nano S and Nano S Plus are equipped with a Secure Element chip, which is certified with an EAL 5+, ensuring robust protection of private keys. The Ledger Nano S Plus takes security a notch higher by utilizing the ST33K1M5 chip with a CC EAL6+ certification, which provides a higher level of security by keeping private keys offline and away from potential cyber threats.
In addition to the certified secure element, both devices require a personal PIN code for access, adding a personal layer of security beyond the Secure Element. Additionally, both models generate a 24-word recovery phrase in the event of device loss or damage, enabling users to fully restore access to their stored cryptocurrencies in their portable hardware wallets or even in software wallets.
Managing NFTs and DeFi with Ledger Nano S Plus
The Ledger Nano S Plus is designed to accommodate those who:
- Use multiple cryptocurrency apps
- Partake in DeFi
- Deal with NFTs
- Prefer USB-C connectivity
With enhanced storage and NFT support, the Nano S Plus preserves top security measures like the CC EAL5+ Secure Element and a 24-word recovery phrase.
Ledger Live supports the display and management of NFTs on Ethereum and Polygon networks. NFTs from other networks like Solana and Avalanche can be stored securely but aren’t visible or manageable within Ledger Live. For NFTs not displayed in Ledger Live, users can manage them through third-party platforms linked within the app, such as Zerion. Users can send and sign NFT transactions with transparency in Ledger Live.
To trade NFTs, the Ledger device must be linked to compatible marketplaces, including OpenSea, Rarible, or Magic Eden. It is recommended to hide unsolicited or unknown NFTs within Ledger Live to avoid potential risks from malicious entities.
The Ledger Nano S Plus is especially recommended for cryptocurrency enthusiasts and professionals who frequently interact with DeFi applications, NFTs, and manage their crypto wallets.
Connecting to Mobile Devices: Android and iOS Compatibility
Mobile compatibility is a crucial factor for many users when choosing a hardware wallet. The Ledger Nano S and S Plus can be used with Android devices, however, they lack support for iOS devices. To connect a Ledger Nano S or S Plus to an Android device, an OTG cable is necessary. Users should install the Ledger Live app on a phone with Android 10 or higher.
The connection process is straightforward. Users need to open the Ledger Live app on their smartphone and establish a bluetooth connection with their ledger devices. Then, unlock the Ledger device to allow for easy management of crypto assets on the go.
Buying, Selling, and Staking Crypto with Ledger Wallets
Ledger wallets provide a secure and convenient platform for buying, selling, and staking cryptocurrencies. To buy cryptocurrency with Ledger Nano S or S Plus, users must follow these steps:
- Use the Ledger Live application to connect the hardware wallet to the computer.
- Within the Ledger Live application, choose the crypto you wish to purchase.
- Designate the purchased crypto to a new or existing account on your Ledger wallet.
In addition to buying, users have the option to sell, swap, or transfer crypto directly using their credit/debit cards or bank transfers when transacting through the Ledger Live platform. Moreover, staking cryptocurrencies such as ETH, SOL, ATOM, ADA, and multiple other coins and tokens through the crypto wallet enables users to earn rewards.
Customer Reviews and Feedback
Customer reviews and feedback provide valuable insights into the user experience with Ledger wallets. Users express divergent views, with some being dissatisfied with Ledger’s customer engagement and product updates, feeling that the company is overly commercial. On the flip side, positive feedback about the Ledger Nano S Plus includes satisfaction with shipping, delivery, and the product meeting user expectations.
However, not all users share the same positive experiences. Some Ledger Nano S Plus users express dissatisfaction stemming from a perceived shift in company focus toward profitability rather than improving the user experience. Moreover, the discontinuation of the Ledger Nano S may impact user experience due to potential limitations in updates and support.
Making the Right Choice: Who Should Choose Ledger Nano S or S Plus?
Choosing between the Ledger Nano S and S Plus ultimately depends on your specific needs and preferences. The Ledger Nano S is ideal for users who only need to manage a handful of cryptocurrencies and do not require the additional features like iOS connectivity or larger storage capacity provided by the Nano S Plus. On the other hand, infrequent crypto investors can consider the Ledger Nano S Plus a wise choice for secure cold storage without the need for regular transactions or trading.
In essence, both the Ledger Nano S and S Plus serve as suitable options for newer or experienced crypto investors who prioritize security and do not often manage their accounts on mobile devices. Your investment practices, the diversity of your portfolio, and your need for advanced features should all be factors in your decision.
Summary
In conclusion, both the Ledger Nano S and S Plus offer robust security and support for a wide range of cryptocurrencies. While they share many similarities, they cater to different user needs, with differences in storage capacity, supported cryptocurrencies, and physical appearance. Whether you’re a seasoned investor or a crypto newbie, choosing between the Nano S and S Plus comes down to your specific needs and preferences. So, are you ready to secure your digital assets?
Frequently Asked Questions
Is the Ledger Nano S Plus a cold wallet?
Yes, the Ledger Nano S Plus is a cold wallet, as it provides secure, offline storage for private keys to mitigate security breaches. This helps ensure that the keys are never exposed to potential threats.
Is Ledger Nano S obsolete?
Yes, the Ledger Nano S has been discontinued and replaced with the Ledger Nano S Plus, but it still works and can be imported into another wallet or device with the 24-word recovery phrase.
What is the difference between Ledger Nano and Nano Plus?
The Ledger Nano S offers basic security features with limited storage and micro-USB connectivity, suitable for basic use. In comparison, the Ledger Nano S Plus supports more apps, has USB-C connectivity, and can handle NFTs, making it ideal for diverse crypto activities.
Can I use Ledger Nano S or S Plus with my iPhone?
No, the Ledger Nano S and S Plus are not compatible with iOS devices. They only support Android devices when connected with an OTG cable.
Can I manage NFTs with Ledger Nano S Plus?
Yes, you can manage NFTs on the Ethereum and Polygon networks using the Ledger Nano S Plus, providing secure storage and management capabilities. However, for other networks, the NFTs can be securely stored but won't be visible or manageable within Ledger Live.
