If we compare the hardware wallets with the software wallets, then we can easily conclude that the hardware wallets provide more safety to the digital assets than the other software wallets. In this blog, we explain a few things that you as a beginner need to understand about the Ledger Nano S wallet.

Is Ledger Nano S still available?

Those who are professional traders might know that the Ledger Nano S Wallet is no longer available in the crypto market. Instead, it has been replaced with a new ledger wallet called Ledger Nano S Plus. It is a more developed version of the previous wallet that was introduced to traders and investors after several developments were made in its features. The announcement was made by the creators on 22 June 2022, and it was assured to the users that the users who are availing the services of the Nano S wallet at that time will not be disturbed in any manner.

The top perks of using Ledger wallet

Let us get started with the top perks that you can enjoy, after purchasing the ledger wallet. 

• Secure Crypto Storage

The most essential feature that every hardware wallet has is the security of funds. Even though the software wallets do offer security to the users, it is still not as secure as the hardware wallet security. So, if you are looking for the fund's safety then this wallet is the one for you. 

• Affordability

The Ledger Nano S wallet is one of the cheapest hardware wallets available to users. It would be a good choice for users who want to have top-notch security on a low budget. So, this wallet is also budget-friendly.

• Supported Currencies

The wallet gave the traders a long list of supported coins providing them a good opportunity to select any of the listed digital assets. There are approximately more than 5500 crypto assets listed on the wallet giving plenty of choice for the users.

• Friendly Interface

The users have to work with the Ledger live application to use the Ledger wallet. So, to make it straightforward for the users the interface of the application was kept simple to ease up the navigation process.

What are the Wallet fees?

The cost of purchasing Ledger Nano S Wallet is only $59 though it does not include the taxes or duties. If there are more members in your family who like to trade in crypto, then you can also purchase a family pack of the wallet that would be given at a discount. You will get three Nano S Wallets at just $139, providing you with a discount of 21%.

Is Ledger Nano S Wallet safe?

One of the safest methods for storing cryptocurrencies is the Ledger Nano S. It keeps your private keys offline in cold storage because it is a hardware wallet. These cold wallets are designed to completely cut off your private keys from hackable devices like your computer and smartphone.

A military-grade security chip called Secure Element that can survive sophisticated attacks guards the gadget itself. Additionally, it features a uniquely designed operating system called BOLOS for safeguarding cryptocurrency holdings. The Ledger Nano wallets are the first hardware wallets to be approved by ANSSI, a French independent cybersecurity organization, which is the cherry on top.

Wrapping it Up!

You should get yourself a Ledger Nano S Wallet if you want the most secure storage option for your digital assets including NFTs. Also if you want to enjoy the services of a hardware wallet but are low on budget then Ledger Nano S Wallet is the one for you because it is much more affordable than any other crypto hardware wallet available. If there is any query you can contact the support team for assistance.