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Ledger Nano S vs. Ledger Nano S Plus: Choosing the Right Hardware Wallet

ledger nano s vs ledger nano s plus choosing the right hardware wallet

If you consider buying a hardware wallet to secure your cryptocurrencies the Ledger Nano S vs Ledger Nano S Plus are two brilliant options . While they share similarities in terms of being cold wallets and supporting multi-currency transactions there are important differences to be aware of . This article aims to provide a detailed comparison between the two devices based on various factors .

Similarities Between Nano S and S Plus

Firstly both Nano S and Nano S Plus are cold wallets which guarantees the offline storage of digital assets . They support multi-currency transactions and can store coins and NFTs offline . They also use the same secure element technology which provide a high level of security for private keys . Both require connection to external devices such as computers or mobile phones for usage . Their prices are the same as one another . Their physical appearance is also quite similar .

ledger nano s vs ledger nano s plus choosing the right hardware wallet 2

Differences Between Nano S and S Plus

When it comes to the differences between the two the first thing to consider is how Nano S Plus can hold up to 100 applications while the Nano S is limited to 5 applications . Also the storage space of the Nano S Plus is 1 .5 MB which is significantly larger than the Nano S which has 320 KB of storage .

Security Features and Design

Both the Nano S and Nano S Plus offer excellent security features . They make use of a secure element to store private keys securely and protect them from damaging and various types of attacks . The devices also require users to set up a PIN code for unlocking .

The operating system called BOLOS powers both devices and allows applications to run independently . This ensures that transactions are confirmed using physical buttons on the Ledger device which adds an extra layer of security . Additionally both devices generate a 24-word recovery phrase that can be used to regain access to crypto assets if the device is lost .

When it comes to designing the Nano S is more compact and lighter when compared to the Nano S Plus . But the Nano S Plus features a significantly larger display with 64 vertical pixels compared to 32 pixels on the Nano S .

Supported Cryptocurrencies

Both the Nano S and Nano S Plus support over 5,000 cryptocurrencies including very well known ones like Bitcoin and Ethereum . It is important to note that if you want to use cryptocurrencies that are not supported by the Ledger Live software you will need to use a third party wallet .

Final Thoughts

Both the Ledger Nano S and Ledger Nano S Plus are reliable hardware wallets that provide excellent security for storing private keys . The Nano S offers a more affordable option with limited storage capacity while the Nano S Plus provides more storage space for a higher price . Consider your storage needs, budget and preference for screen size when choosing between the two devices .

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