Ledger Nano S : p/ledger-wallet

Start new thread

Topic Forums

p/general

Product Forums

p/ledger-wallet

Smartcard security for your Bitcoins

Visit Product

Ledger Nano S — A secure Bitcoin and Ethereum hardware wallet

Palak Zatakia

Featured

•

8yr ago

Ledger Nano S is a Bitcoin, Ethereum and Altcoins hardware wallet, based on robust safety features for storing cryptographic assets and securing digital payments

Replies

Best

Niv Dror

VC Puzzle

Not sure why we haven't featured this yet... The Ledger Nano S is one of the best hardware wallets out there.

7yr ago

Justin Wu

Vytmn

@nivo0o0 Haha was going to say the same. How did this not get listed!

7yr ago

Russell Smith

Rainforest QA

@nivo0o0 make sure if you get one you set it up and test it right: https://medium.com/@rhs/setting-...

7yr ago

Niv Dror

VC Puzzle

@rhs great post

7yr ago

Nikita Blanc

Eristica

Quick question here. I have purchased one for myself but just got this paranoid thought: how do we know that the software which is sort of pre-installed on the flash drive is 100% secure? Is there a guarantee that when I plug it into my computer in 5 years there wouldn't be a "hidden" automatic transaction which transfers my coins somewhere else? That might sound nooby, but I want to protect my money not just from hackers, but from Ledger makers as well. Let me know what you guys think...

7yr ago

Jesse Ditson

@akimovnv According to the Ledger site (https://www.ledgerwallet.com/pro...), the initialization is done locally, and requires pressing hardware buttons to activate. While I'm sure there's at least a small degree of trust you're giving Ledger, I'd assume they have more to lose than gain by creating a backdoor. I'd also recommend treating it like a hot wallet - keep your primary store in a cold wallet (ledger makes a neat one: https://www.ledgerwallet.com/pro...), and transfer only the amount you need to spend to your (easily losable or stealable) thumb wallet.

7yr ago

Jesse Ditson

@akimovnv Also, make sure you take the proper steps to back up and secure your thumb wallet PK! Guide here: https://medium.com/@rhs/setting-... h/t @rhs

7yr ago

Matt Galligan

Postmates

Absolute must-have if you’re investing in cryptocurrency. Your assets aren’t explicitly safe unless you hold the private key yourself. Even better if it’s on hardware like the Nano.

7yr ago

Jesse Ditson

One note on these: The amazon links are all back-ordered and don't exactly look the most trustworthy. Also, their prices are way higher than US based distributors. Ledger themselves will cost you over $100 due to shipping from france, but I've recently ordered from All Things Decentral: https://allthingsdecentral.com/p... - they're also sold out at the moment, but they seem like the cheapest & most trustworthy US-based distributor I could find.

7yr ago

Andy Chiang

I love my Ledger Nano S. In total, I have 2 and gift these to friends from time to time! I haven't used other hardware wallets, but I can say that Ledger is easy to use, it has a sturdy build, and their support is pretty good. They cover ERC20 tokens and the major cryptocurrencies as well, so no problem for me.

7yr ago

Philippe Dame

Great product. It's a must-have if you want to protect your crypto assets from potential hackers of those major exchanges.

7yr ago

Fahim Sachedina

When I first bought bitcoin, I kept an eye on how best to secure my investment and any future investments I decide to make.

I kept hearing about the Ledger Nano S and decided my investment was worth approx €75.

The Ledger basically adds a secondary security layer on what is pretty much a secure USB for cryptocurrency.

The product has given me a great level of security for a small price. Even if the Ledger Nano S decides to wander off, my coins won't be lost, as I can just purchase a new Ledger wallet and put my coins in the new wallet by using the Chrome plugin. Easy :).

You get a unique set of 24 words and have to enter 4-8 character passcode, so as long as you have those, you'll be fine.

Highly recommend.

Pros:

• High level of security;

• Easy to setup and use on any desktop computer;

• Affordable (cheapest hardware wallet with a screen);

Cons:

• No passphrase support;

7yr ago

iMikey

Hey Fahim. I just got mine this past week as well. Great device at a decent price. In regards to the lack of passphrase support, it actually does have it. Just navigate to the settings menu and you can add a passphrase from there. I've added it for an additional level of security. https://ledger.zendesk.com/hc/en...

7yr ago