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What is a Ledger Nano S Plus wallet?

The Ledger Nano wallet has been recognized as one of the best since it entered the cryptocurrency market.

Previously, the two main models of Ledger Nano S and Ledger Nano X were particularly popular among users and were considered due to their extraordinary security and support for a wide range of cryptocurrencies.

In 2022, Ledger announced that it plans to retire Ledger Nano S and replace it with Ledger Nano S Plus. Of course, he announced that support services will continue to be provided for those users who have purchased Nano S.

In June 2022, Ledger Nano S Plus was introduced as a new member of the Ledger Nano family.

The main feature of this model is its very high security, which is provided thanks to the company’s exclusive features.

On the other hand, supporting more than 5000 digital currencies is another positive point that should not be ignored. It is interesting to know that with the Ledger Nano S Plus wallet, you can store more than 100 digital currencies in your wallet.

Reviewing the design and appearance of the Nano S Plus ledger

The design of this Ledger Nano wallet model is very minimalistic and simple. This makes it a popular wallet for novice users.

People will not feel any complexity about using the buttons. A rotating steel cover covers the simple, angular black body with a small, monochromatic screen.

The screen has a resolution of 128 x 64 pixels, and two buttons on the side wall of the device help to navigate.

In general, Ledger Nano S Plus has an acceptable design that has also attracted the opinion of users.

Inbox Ledger Nano S Plus and check the items inside the box

After you purchase the Nano Ledger S Plus wallet, a box containing the wallet and some accessories will be sent to you. This box contains the following items.

1. Ledger Nano S Plus hardware wallet has small dimensions and is black and silver in color.
2. Wallet chain with Ledger logo that will prevent it from getting lost.
3. A USB cable connects Ledger Nano S Plus to the computer, one side of which is USB and the other is Type C.
4. A pastel purple notebook for hardware instructions.
5. An orange box with three orange manuals for the secret recovery phrase.

Checking the performance, connection method, and overall performance of the Nano S Plus Ledger

In order to use Ledger Nano S Plus, you need to go through the steps to set up the wallet, which takes less than 30 minutes in total. We have reviewed its setup steps step by step below.

• First, you need to download the Ledger Live software from the available platforms. Ledger Live is available for desktop and mobile versions.
• To install this program on the computer, you need to connect the wallet to it with the help of a cable. The type C end is connected to the wallet, and the other end is connected to the computer.
• In the next step, you should prepare a paper and a pen to write down the necessary information. The first step is to set a 4 to 8-digit PIN code. This code is similar to unlocking a mobile phone. You will need this code to activate the wallet and make any transaction. Note that it is wrong to keep this password online or take a picture of it. This leaves hackers open to access the contents of your wallet.
• After specifying the PIN code, a 24-word recovery phrase will be randomly generated for you, which you must also write down. Once again, you will be asked for the correct password with a four-choice question.

Note that this 24-word password is the only way to access your assets if your hardware wallet is lost. So it would help if you protected it well.

• In the last step, a security test is performed on the hardware to determine possible problems.
• After going through these steps, the wallet is ready to use. To use it, you must always have access to a device such as a laptop or mobile phone. Some of the more modern and expensive wallets have also provided the possibility to use them without connecting to another device.

The most important features of Ledger Nano S Plus

The Ledger Nano S Plus wallet, like any other digital currency wallet, has advantages and disadvantages that you should pay attention to before buying. In general, Ledger company’s products have acceptable standards, which make them a suitable choice for purchase. We have listed the important features in the Ledger Nano S Plus hardware wallet review.

First, Ledger Nano S Plus is a cold storage device for storing digital currencies, providing optimal security for your assets. In this wallet, private keys are stored on a secure chip so that they are not exposed.

With a Ledger Nano S Plus wallet, you can consider nearly 5500 digital currencies as your choice.

The Ledger Live app will help enhance the features of this wallet. In general, ERC20, ERC721, TRC20, TRC10, BEP2, and SOL-based currencies can be stored in the Nano S Plus ledger.

The three currencies, EOS, Monero, and WeChain, do not exist in the software; But you can store them in a hardware wallet.

This wallet is smaller and cheaper than the two older members of the family, Ledger Nano S and Ledger Nano X.

In addition to the hardware features designed to enhance the device’s security, there are other capabilities to increase the level of security.

For example, you should have a four-digit pin code in the least possible case. In addition, to transfer digital currencies, you must press both physical buttons of the device at the same time. Another notable feature is this wallet’s ability to set a 24-word recovery phrase.

There is no wireless connection with Bluetooth in this model! This is one of the negative features of Ledger Nano S Plus, which has led to the dissatisfaction of some users. To connect this voltage to the system, you must use a cable.

Another negative point is that Ledger Nano S Plus does not support the IOS operating system and is only designed for Android users. This defect has made many iPhone users unable to use it.

Is Ledger Nano Plus worth buying?

In order to determine the value of buying Ledger Nano S Plus, it is not bad to have a comparison between this model and previous models. In the comparison of Nano S Plus and Nano X, many similarities can be seen regarding security levels and supported currencies.

Therefore, it cannot be said that Nano X is superior to S Plus in these aspects. However, S Plus’s lack of Bluetooth support is an important point that can be problematic for active traders.

If you have just entered the digital currency market as a novice trader, Ledger Nano S can be a great choice for you. Optimum security, support for 5500 digital currencies, and reasonable prices are good for a beginner trader.