Ledger Nano S Plus
4.5 ⭐⭐⭐⭐
Ledger Nano S Plus
- Founded in 2014, Ledger SAS is one of the foremost crypto cold wallet providers.
- Headquartered in Paris, France, Ledger has sold over six million devices. The Nano S Plus is one of the most popular budget crypto cold wallets.
- Ledger’s mission is to provide a secure and user-friendly infrastructure for storing and managing digital assets. This extends to other non-hardware products, such as the Ledger Live App.
- The company has raised over $100M in funding from notable investors, including Cathay Innovation, Draper Associates, and VaynerFund. Partners include Samsung, Coinbase, and Gemini.
- Security Features: 5.0 ⭐ 95%
- Supported Cryptocurrencies: 5.0 ⭐ 90%
- User Experience (UX): 4.0 ⭐ 80%
- Integration & Compatibility: 5.0 ⭐ 90%
- Backup & Recovery Options: 5.0 ⭐ 90%
- Hardware.
- Non-Custodial.
- Desktop OS: Windows, macOS, Linux
- Mobile Support: Via Ledger Live app (though the Nano S Plus itself does not support Bluetooth, so mobile use requires a cable/adapter)
- Browser Extensions: Compatible with MetaMask and WalletConnect for dApps
Ledger Nano X Wallet
Cryptocurrency experts almost universally advise that the best method of securing your cryptocurrency is in a cold wallet. A cold wallet, in contrast to a hot wallet (e.g., MetaMask, Coinbase Wallet), keeps your private keys offline, protecting your digital assets from online threats. Among the top crypto hardware brands, Ledger is perhaps the most well-known and popular, being responsible for approximately two-thirds of crypto cold wallet sales worldwide.
Ledger offers several hardware devices, including the Ledger Nano X and Ledger Stax. Its budget model, the Ledger Nano S Plus, is among the most popular hardware crypto wallets in the world. The Nano S Plus is actually an upgrade to the now-discontinued Nano S, offering more storage space and better connectivity. But where does it rank among the best crypto cold wallets? Find out more in our Ledger Nano S Plus review.
Key Features & Functionalities
Security Features
Secure Element Chip, offline storage, PIN, and passphrase protection
Supported Cryptocurrencies
Over 5,500 coins/tokens, including NFTs, with custom token support
User Experience (UX)
Guided setup via Ledger Live, button navigation on OLED screen
Integration & Compatibility
Works with Ledger Live, MetaMask, DeFi, NFTs, and exchanges
Backup & Recovery Options
24-word recovery phrase with optional passphrase
Pros and Cons of Ledger Nano X
Pros:
Top Budget Cold Wallet. The Ledger Nano S Plus is considered one of the best no frills cold wallet models.
Secure Element Chip (SE). Despite its cheaper price, security is not compromised on the Nano S Plus.
Ledger Live Integration. Full compatibility with Ledger Live for managing tokens, swapping, staking, and even NFT viewing without needing to rely on third-party wallets.
Passphrase Support for Hidden Wallets. Users can set an optional 25th word to create hidden wallets.
Cons:
No Bluetooth or Battery. Unlike the Ledger Nano X, the S Plus doesn’t support Bluetooth or have a rechargeable battery.
No Touchscreen. Unlike higher-end cold wallets (e.g., Ledger Stax), the Nano S Plus uses two physical buttons for navigation.
Not Ideal for NFT Power Users. While you can manage NFTs, integrations still rely heavily on third-party dApps, which can feel limited compared to wallets like Rabby or XDEFI.
Security Features
Secure Element (SE) Chip
Uses a CC EAL6+ certified secure element to isolate private keys from the internet and operating system.
Offline Key Storage
All key generation and signing are done within the Nano S Plus. Private keys never leave the device.
PIN Protection
Requires a 4–8 digit PIN code on each device access.
Passphrase Support
Optional 25th-word functionality for additional wallet separation and security.
Tamper-Proof Design
The device will reset after multiple incorrect PIN entries and is sealed at manufacturing to prevent supply chain compromise.
Firmware Verification
All firmware updates are cryptographically signed and verified by Ledger.
Supported Cryptocurrencies
5,500+ Coins and Tokens
Includes Bitcoin, Ethereum, Solana, Polkadot, BNB, XRP, ADA, ERC-20 tokens, BEP-20 tokens, and many others.
NFT Support
Full NFT storage and viewing via Ledger Live with third-party integrations like Rarible or Rainbow.me.
Custom Token Addition
Users can add custom tokens manually via Ledger Live or compatible third-party wallets.
User Experience (UX)
Setup & Interface
Guided setup via Ledger Live app with clear onboarding for both beginners and experienced users.
Navigation
Two physical buttons are used to scroll and confirm actions on the device’s OLED screen.
Transaction Signing
All signing occurs on-device with confirmation prompts on the screen.
Integration & Compatibility
Ledger Live App
The all-in-one dashboard for managing crypto assets, staking, viewing NFTs, and more.
Third-Party App Support
Compatible with MetaMask, MyEtherWallet, Electrum, and more.
DeFi Access
Supports DeFi platforms via MetaMask + Ledger pairing.
NFT Management
View, send, and receive NFTs directly within Ledger Live.
Browser/Exchange Support
Supports integrations with Binance, Kraken, Coinbase, and more using third-party tools or Ledger Live.
Backup & Recovery Options
BIP39 Recovery Phrase
Generates a 24-word seed phrase during setup. This phrase is the single backup required to restore your wallet.
Passphrase Protection
Add an optional passphrase to the seed phrase for added privacy.
Metal Backup Compatibility
Compatible with Ledger’s Crypto Steel or third-party metal backup devices to store the recovery phrase securely.
Security & Risks Assessment
Ledger as a company has generally maintained a strong reputation for device-level security. However, it has not been immune to security issues, including a significant data breach in 2020. Ledger introduced regular security updates and improved firmware verification protocols.
User Protection Measures
The Ledger Nano S Plus has several layers of user-focused protection:
- Secure Element (SE) Chip: Safeguards private keys in an isolated environment resistant to physical and digital attacks.
- PIN & Lockout: Brute-force protection is built-in. After three incorrect PIN attempts, the device wipes itself clean.
- Tamper Detection: Each Nano S Plus is shipped in tamper-evident packaging, and its firmware includes internal checks to detect hardware alterations.
- Open-Source Security Components: While Ledger Live is closed-source, key elements of the firmware and cryptographic architecture are open to public scrutiny.
- Passphrase Support: Adds another layer of optional protection by enabling a hidden wallet under a second, custom passphrase.
User Reviews & Community Feedback
Trustpilot Ratings & Reviews
Ledger as a company holds a 2.4 out of 5, based on more than 2,000 reviews. When looking specifically at the Ledger Nano S Plus on retailer sites like Amazon, user sentiment is much more favorable. Thousands of customer reviews cite its reliability and affordability.
Reddit & Crypto Community Discussions
On platforms like Reddit’s r/cryptowallets and r/ledgerwallet, the Nano S Plus is generally viewed as a dependable, no-frills option for secure cold storage. Users appreciate its straightforward setup.
Expert Reviews & Endorsements
Crypto analysts and tech reviewers have frequently recommended the Ledger Nano S Plus as the best budget hardware wallet for most users. Outlets like Coin Bureau, TechRadar, and Investopedia have highlighted the device’s security features, increased memory (compared to the Nano S), and support for 5,000+ tokens.
Pricing & Cost Analysis
The Ledger Nano S Plus is priced at $79 USD, positioning it as a budget-friendly cold wallet. Ledger does offer a wide range of accessories and services that can cost extra.
Software Costs
Ledger Live App: Free to download and use. Supports portfolio management, staking, swapping, and NFT viewing.
No subscription is required: Ledger Nano S Plus does not force users to subscribe to premium plans.
| Feature | Ledger Nano S Plus | Ledger Nano X | Trezor One |
|---|---|---|---|
| Security Features |
Secure Element Chip, PIN, Recovery Phrase. No Bluetooth support. | Secure Element Chip, PIN, Recovery Phrase. Bluetooth Support. | PIN, Recovery Phrase |
| Supported Cryptos | 5500+ including BTC, ETH, USDT, SOL | 5500+ including BTC, ETH, USDT, SOL | 1200+ lacks support for major altcoins like SOL and ADA. |
| Companion App | Ledger Live | Ledger Live | Trezor Suite |
| Staking Support | ✓ | ✓ | ✘ |
| Price | $79 | $149 | $69 |
Final Verdict & Recommendations
The Ledger Nano S Plus is an upgraded version of the now-delisted Nano S, taking the baton as one of the most popular and trusted crypto hardware wallets. It is, of course, the budget device from Ledger, and as such, you are not getting the full range of features offered by the Nano X or Stax. Nonetheless, the Nano S Plus does not compromise on security, and it should be viewed as the perfect entry-level cold wallet for crypto users. As your assets grow, you may consider upgrading, but this is a smart pick for those looking for a secure but cheap crypto cold wallet. 4.5 out of 5.
Our Rating
4.5 ⭐
⭐ 4.5 | Ledger Nano S Plus
FAQs
Is Ledger Nano S Plus the safest cold wallet?
The Ledger Nano S Plus is considered one of the most secure budget cold wallets. There are more expensive options, including the Ledger Nano X, that offer additional security measures. However, if you implement crypto security techniques, there is no reason why you can’t have peace of mind keeping your private keys in a trusted budget hardware crypto wallet like the Nano S Plus.
Can I store multiple cryptocurrencies in this wallet?
Yes. Like its sister cold wallets, you can store thousands of different tokens on the Ledger Nano S Plus. Ledger currently has support for several thousand tokens and is constantly adding more. These include major cryptocurrencies like Bitcoin, Ethereum, Solana, XRP, Dogecoin, and many more. You can add custom tokens via the Ledger Live App.
How does the Ledger Nano S Plus compare to the Ledger Stax?
The two hardware wallets from Ledger are at different ends of the price spectrum. The Nano S Plus is the budget option, coming in at around $79, whereas the Stax is the premium option, offering a large touchscreen, wireless charging, magnet shell casing, and customization options.
Does Ledger Nano S Plus support staking and DeFi?
Yes, but this is achieved through the Ledger Live App, a companion application that connects to your crypto holdings on your Ledger Nano S Plus wallet. This allows you to avail of the security of your hardware device while earning rewards on your holdings.
How can I recover my wallet if I lose access?
If you lose access to your Ledger Nano S Plus – for example, if it was lost or stolen – you can recover your assets via the Ledger Live App. On the app, you will be prompted to input your recovery phrase, which is a 24-word mnemonic password generated when you activate your Ledger hardware.
Best Security Practices for Crypto Cold Wallets
Cold wallets are viewed as the best way to keep your crypto safe. Private keys are stored offline; thus, cold wallets are immune to the traditional online threats faced by hot wallets. Nonetheless, there are always additional steps that you can take to make your digital assets even more secure. Consider some of these cold wallet security considerations:
- Only buy your crypto wallet hardware equipment from official sources, e.g., Ledger’s official website or verified retailers.
- Make sure that your crypto hardware has not been tampered with. Check all packaging and the device before activating. Note that top crypto hardware wallet brands will use anti-tampering packaging.
- Set up the wallet by yourself. Be wary of pre-selected recovery phrases (a common scam).
- Use additional security measures provided by the wallet, such as biometrics and passcodes.
- Store your seed phrase offline securely. Choose somewhere like a safe. Consider making multiple copies of the seed phrase in case one gets lost or damaged.
- Avoid connecting your wallet in public spaces or on unknown computers.
- Ensure your firmware is up to date.