Ledger Nano S hardware wallet - full review and instructions. Ledger Nano S wallet - setting up, replenishing and transferring funds, where to buy and how to use with altcoins Double confirmation of the bitcoin ledger nano s transfer


Ledger Nano S is a hardware or “cold” wallet for cryptocurrency. It is capable of supporting a large list of currencies, including a set of the most popular tokens - BTC, Ethereum, BCC, Riple, ETC, ZEC, LTC, BTG. The device has an internal chip that stores your individual key in an isolated environment. Ledger Nano S is also interesting because it allows you to simultaneously store different cryptocurrencies on one device.

There is proprietary software that provides emergency account recovery in the event of loss of physical media.

The device is equipped with a small display that will allow you to see every transaction made and control the device. Every time you turn on the Ledger Nano S, it automatically checks the integrity of its firmware to avoid the introduction of spyware.

Naturally, the main task of a crypto wallet is to ensure maximum protection of your crypto capital, preventing hacker attacks and token theft. Such cases are currently not so rare, and if the amounts of your transactions on the crypto market are significant, then you should be concerned about the safety of your assets. The Ledger Nano S is one way to do this.

Characteristics

Model Ledger Nano S
Material stainless steel + plastic
Interface USB Type Micro-B
Chips ST31H320 (secure) + STM32F042
Supported OS Microsoft Windows 7, Linux, Microsoft Windows 8, Microsoft Windows 10, Mac OS 10.8 and higher, Chrome OS
Certification CC EAL5+
Cryptography support Message Digest: RIPEMD160, SHA224, SHA256, SHA384, SHA512, SHA3, SHA3-XOF, KECCAK Cryptography Key, with key generation: DES (64, 128,192 bits), AES (128 bits), ECC (256 bits), RSA (1024 , 2048, 3072,4096 bits) RSA encryption with PKCS1 v1.5, PKCS1 OEAP, NOPAD schemes HMAC Signature: HMAC-SHA256, HMAC-SHA512 RSA Signature with PKCS1 v1.5, PKCS1 PSS schemes Elliptic Curve Signature: ECDSA/EC- Schnorr (SECP256K1, SECP256R1, Brainpool256R1, Brainpool256T1), EdDSA (Ed25519) Elliptic Curve Diffie Hellman: ECDH (SECP256K1, SECP256R1, Brainpool256R1, Brainpool256T1, Curve25519) Symmetric Cryptography: DES, Triple-DES, AES with ISO97 97M1, ISO9797M2, NOPAD schemes Random Number Generation: RND, Prime RND (hardware support TRNG)
Contents of delivery documentation, USB cable, carrying lanyard
Dimensions 98mm x 18mm x 9mm
Weight 16.2 g

Unboxing

Ledger Nano S is packaged in a small cardboard box. White color, on the front side there is a life-size print of the device itself. Reminds me of a mobile phone packaging – thick cardboard, nice minimalistic design.

The cardboard is thick, the box is rigid, and in addition, it was originally wrapped in polyethylene, which protects it from abrasions and moisture.

Having opened the lid of the box, we see the wallet itself on a special backing. All included accessories are located underneath. The complete set is as follows:

Ledger Nano S Wallet

USB cable

Management

Two laces and a ring

The set is quite expected, there is even a lanyard around the neck so that you will never part with your wallet. You can also attach it to a bunch of keys as a kind of keychain. If you are engaged in trading on exchanges, then this opportunity will be very useful.

There is also a set of cheat cards designed for recording and storing control phrases. This is convenient, and special thanks to the manufacturer for this.

The downside is that the instructions do not contain a word in Russian, and for some users this may create difficulties.

Appearance

Ledger Nano S looks like a regular flash drive. The outer protective casing is made of stainless steel. The surface is stylized by brushing, this reduces soiling and adds aesthetics.


The body of the device itself is plastic, matte and dense. There is a micro-USB connector at the end, and there are two buttons on the side.

The device also has a miniature screen. It is one-color, but it is possible to invert the image and adjust the brightness so that it hurts the eyes. The bright sun will definitely not interfere.

Appearance is probably not too important for such a device; rather, attention should be paid to convenience and size. Ledger Nano S is miniature – 98x18x9 mm, weighing only 16 grams. Due to its appearance, it will not attract unnecessary attention; others will see it as just an ordinary flash drive.

In addition, there is a way to further reduce the weight - if you remove the top metal part, the device itself will weigh just over 6 grams.

Functionality, features

Ledger Nano S has two chips in its arsenal - ST31H320 and STM32F042, which are used to store information in encrypted form. Many cryptographic algorithms are supported. The device certification level is CC EAL5+. This standard means that the system has been tested by all possible mathematical methods using highly specialized standards. Only military security standards are higher - for example, operating systems for the latest generation fighter jets and NASA space shuttles have an EAL6+ rating.

Almost all popular operating systems are supported – Windows 7+, Mac 10.8+ and Linux. Do not forget that the device does not have a built-in battery and can only work when connected to a computer.

When it comes to safety methods, there are a few key points that the owner should know.

All transactions with the wallet can be completed only after entering an 8-digit PIN code

Operations are confirmed by simultaneously pressing buttons, which increases security against malware

A two-factor authentication system, which implies, in addition to a personal code, verification with a 24-word passphrase, which is randomly generated on the device itself. Thus, even if the Ledger Nano S is stolen or lost, an attacker will not be able to access your funds (unless, of course, they get your passphrase)

The original Ledger Live software is required to work with the wallet, and it additionally controls the integrity of your device’s firmware, connecting only to original wallets

If you enter the PIN code incorrectly three times in a row, the device erases all internal memory. Restoration is possible only after entering the control phrase.

If your device is damaged/lost, you can restore access to all your accounts using a passphrase. True, you will have to spend money on buying a new Ledger crypto wallet

First setup of a crypto wallet

If you follow the instructions out of the box, the first thing to do to set up the Ledger Nano S is to go to the official website page. Now it offers to download the original software - the Ledger Live manager. That’s what we’ll do (it’s worth mentioning here that the wallet is capable of working with third-party software - MyCrypto, Electron Cash, with extensions for the Chrome browser - Ledger Manager, Ledger Wallet Bitcoin, Ledger Wallet Ethereum).

So, download the manager, after installation and launch we begin the setup procedure.

The program prompts you to select an action - initialize a new device, restore, use with an already initialized device, and a help menu.

Select initialization. We are asked to select the model of our device, and then shown the procedure for the necessary actions.

Of course, you need to connect the device to your PC. Then press both buttons simultaneously and select “configure as a new device.” All these instructions are duplicated on the screen of our Ledger Nano S.

After entering and confirming the PIN code, you need to confirm the passphrase. It consists of 24 words (!), arranged in a given order. The phrase is generated randomly by the device itself; you just need to remember the correct sequence and repeat it. The resulting phrase must be written down; it will be convenient to do this on the included card from the box. You need to keep it like the apple of your eye, and not lose it - it is unlikely that you will be able to remember the entire sequence in an emergency, and the loss of this phrase will mean the loss of all funds. In addition, it is obvious that if this phrase falls into the hands of attackers, it will also amount to a loss of control over their assets.

If everything is in order, we get to the settings page of the Ledger live manager itself, where you just need to set a separate password for the software, after which we finally go to the manager itself. Under the flying mini-fireworks of animated confetti. Well, we deserve it.

Control

If we consider the recommended Ledger live software, then here we have the ability to simultaneously work up to 18 applications of different tokens on the device. Naturally, the wallet supports a much larger number - the official website has a list of 712 cryptocurrencies, some of which are only available when using third-party software. Ledger Live Manager currently offers 70 apps for different tokens that can be installed on your device with one click.

Working with the manager is as follows - after connecting the device to the PC, enter the PIN code, enter the password in Ledger Live, and get into your personal account (Russian language is, unfortunately, not supported here either).

The set of possibilities is as follows - we can see graphs of the history of transactions with assets on different tokens in the “Portfolio” tab. The “Manager” tab displays all available applications; installing them on the device requires just a couple of clicks.

During the process, you only need to specify the account name, and after creation it will appear in the general list on the left.

Naturally, Ledger live also has separate pages for sending and receiving funds from the wallet. To do this, we need to select the desired account and provide all the details.

If you receive funds into your wallet, you will have a QR code to help simplify the procedure.

In this case, all transactions and procedures are displayed on the screen of the device itself and require confirmation by pressing buttons.

Conclusion

As a result, we can say that the Ledger Nano S crypto wallet combines several necessary properties. Firstly, this is a very high level of security and reliability of storing funds according to international standards (the only weak point concerns the 24-word verification phrase, if you lose it, you will lose everything). Secondly, the wallet allows you to perform operations with a large number of popular tokens, and do it simply and conveniently. Thirdly, there is support for third-party software, this will allow you to manage your cold wallet in a way that is more convenient for you.

Among the shortcomings, besides the possibility of losing the control phrase, one can note only the lack of a Russian-language manual.

At the moment, the Ledger Nano S has a relatively low price among competitors, and if you are considering a hardware wallet to keep your assets safe, then this is a very good option.

Advantages

Miniature, light weight, external similarity to a flash drive High standard of encryption security Isolated storage of private keys in the device’s memory Availability of two-factor authentication Full restoration of access in case of loss/theft of the device Support for a large number of crypto-assets Simple and convenient software – Ledger Live

Flaws

Lost card with passphrase = loss of all funds No manual in Russian

Security remains a key aspect when storing Bitcoin and other cryptocurrencies. No matter how great the antivirus is on your computer, and no matter how reliable the exchange on which you store your bitcoins or other coins/tokens is, there is still a possibility of hacking, hacker attack, scam or breakdown (in the case of personal iron).

Due to the potential risks of losing cryptocurrency, more and more investors and crypto enthusiasts are turning to hardware wallets. The Ledger Nano S device can be considered a real bestseller in this category, striking consumers with its simplicity, affordability and compactness. In this material we will tell you everything you would like to know about this device.

Cold storage

is a product of the French company Ledger, founded in 2015. This startup was the first to challenge the guys from SatoshiLabs, who are the creators of the Trezor wallet.

The company uses open source code in its work, develops its own application store (Ledger Manager) and guarantees the high security of its products. The new product was presented at the end of July 2016. The device quickly attracted the attention of many crypto enthusiasts, as it immediately supported . At the time of implementation, no other hardware wallet could boast of this. In addition to the Nano S model, Ledger also released the . Nano S is rightfully considered the most efficient hardware wallet on the market when it comes to cold storage of cryptocurrencies. Here are a number of key advantages of this model:

  • Minimum cost in comparison with competitors;
  • Increased level of protection against intruders and antiviruses;
  • Dual-chip architecture ensuring the wallet operates in a closed environment;
  • Compact and practical;
  • Support for several dozen cryptocurrencies;
  • Versatility – you can work with Ledger through devices running Windows, Linux, MAC OS.
  • Confidentiality – users do not provide any information about themselves during operation.

Ledger Nano S works according to the standard scheme for all hardware wallets. It must be connected via USB to a computer, working simultaneously both in the wallet and in a special software shell. If an attacker suddenly gains access to your PC or other device, he will still not be able to “hack” the internal security mechanism of Ledger Nano S, because operations in the wallet are carried out manually by its owner.

Ledger Nano S Wallet Review

Externally, Ledger Nano S resembles a regular USB drive. By and large, this is a Flash drive with a high level of protection, a small screen and some additional functionality. The new wallet comes with the following configuration:


The Nano S is really small. You can put it in your pocket or even in an actual wallet. Exact dimensions: 9.8cm X 1.8cm X 0.9cm. Weight is only 16.2 grams. Stainless steel and plastic are used for the body. The outer protective part is made of steel, which can be rotated.

There are two buttons on the edge of the device. The left one is responsible for moving left and up, the right one is responsible for moving right and down.

Two STM31/STM32 chips guarantee the security of the wallet and its full functionality. The device is compatible with the following operating systems: Windows (7+), Linux, Chrome OS, Mac OS. To integrate with a PC, you need to download a special application from the Chrome store.

The complete list is presented on the official Ledger website:

The wallet can store ERC20 tokens. That is, Nano S supports the “coins” of most projects.

Instructions and setup of Ledger Nano S

After unpacking the wallet and all components, connect the device to the computer using a USB cable. After this, a greeting will appear on the wallet screen.

Immediately after the Welcome inscription, another one will appear: Press Both buttons to begin – press two buttons to begin.

After performing this simple operation, the following message will appear on the screen:

The wallet asks if the device needs to be set up as new. If yes, then click on the right button. Pressing the left button is necessary when restoring the device. The next setup step is choosing a PIN code.

To increase a number, you need to press the right button; to decrease it, you need to press the left button. Confirmation of each number occurs by pressing two buttons simultaneously. The PIN code can consist of 4-8 digits. After entering all the values, confirm your actions again - enter the PIN again and hold down the two buttons.

The next stage is the most critical. You will have to record your seed – recovery phrase. The following message will first appear:

Hold down two buttons and words will begin to appear on the screen. You need to write them down in the given order. To do this, you can use the piece of paper that comes with your wallet. At the same time, it is recommended to take photographs or write down the words somewhere else. If you suddenly lose your seed, you will not be able to recover the private key and will actually lose your funds.

After recording all the words, an additional check is carried out. The wallet requests individual words from the seed from the user in random order.

If the wallet suggests the wrong word, then use the buttons to scroll through. As soon as the word with the given number from the seed is displayed on the screen, hold down two buttons.

The device is ready for use.

To fully use Ledger Nano S, you need to download Ledger Manager to your computer. This is a kind of device organizer. The download link is on the official Ledger website. It leads to the Chrome App Store. After installing the add-on, you can download one of the available wallets to your device.

To download, click on the green arrow next to the application name. The Nano S memory allows you to install no more than 5 wallets at the same time. But you can remove and install them at least 100 times if necessary - the funds will remain safe.

The Chrome online store also has Ledger Wallet Bitcoin, Ledger Wallet Ethereum, and Ledger Wallet Ripple wallets. But, for example, there is no add-on for DASH or Zcash. How to conduct transactions? Ledger Wallet Bitcoin is a universal tool that supports dozens of cryptocurrencies.

Therefore, to work with ZCASH, first select the appropriate wallet on your device, and then go to Ledger Wallet Bitcoin. Be sure to disable Browser Support to work properly with applications.

To send ZEC (or other cryptocurrency) to another address, go to the SEND tab. Next, enter the address manually, or scan the QR code with Ledger Wallet. After this, you need to confirm the transaction through the device by pressing the right button.

Before confirming the transfer, the transaction amount, recipient's address, and commission are also indicated on the screen.

When sending, you can also select the size of the commission (TRANSACTION FEES). To complete the transaction quickly, it is recommended to select HIGH.

Ledger Nano S supports software wallets like Electrum, BitGo, and so on. This means that you will be able to manage transactions in these valets through your device. For example, when installing Electrum, just select Use a Hardware Device to conduct transactions through Blue. Commissions are standard and depend on the current state of the network.

To safely shut down your device, press the right button until the Quit APP option appears. Then you need to hold down two buttons and disconnect the Nano S from the computer.

Restoring a Ledger Nano S wallet in any case requires entering a recovery phrase, that is, a seed. In fact, this is the private key with which the owner of the wallet is identified. Therefore, approach the storage of seeds responsibly. Make multiple copies in digital and physical form. Seed allows you to restore access to funds no matter what happens to your wallet: loss, breakdown, theft, software failure.

There are two ways to restore a wallet:

  • Using the new Ledger Nano S device;
  • Using a hardware wallet like Electrum, Mycelium and so on.

In both cases you need a seed. If this is a software wallet, for example, Electrum, then at the installation stage, enter the set of seed words that you wrote down during the initial setup of Nano:

If you are restoring your wallet through a device, then at the very beginning of the setup, you need to press the left button:

Next you need to enter your PIN code. It does not have to match the code you entered when you first set up. The main thing is to know the seed. And after entering the PIN, the recovery itself begins.

Start typing words.

Use the buttons to select letters. Confirmation occurs by pressing two buttons simultaneously. Usually, the ledger offers you the whole word after entering two or three letters. If it fits, then press the two buttons again to confirm.

If you accidentally entered the wrong word, then press the right button several times until the phrase Clear word appears.

Video tutorial on recovering Ledger Nano S wallet:

Source: official Youtube channel of the manufacturing company.

How to buy Ledger Nano S

It is strictly recommended to buy the Ledger Nano S wallet on the official website of the Ledger company. Devices on trading platforms (Ebay, Avito, OLX) in theory may have third-party firmware with viruses, or the owners have access to the seed, which can lead to loss of money.

It is also not recommended to buy cheap copies and used devices. Craftsmen from East Asia have made their way to hardware cryptocurrency wallets. At this stage, there is no Russian-language firmware in the Ledger Nano S. And if you decide to install third-party software, then you yourself will be responsible for all the consequences.

Purchase instructions

Go to ledgerwallet.com. Next, go to the Products section. In the list you will see available Ledger products, including the Nano S wallet.

Simply click on the Buy Online button to begin your purchase. After that, on the wallet page, click Add to Cart. Already in the cart, enter basic information: delivery country and postal code.

Select an available delivery method. For Ukraine, Nano S is offered with free delivery within 7-14 days. Delivery conditions for purchases for Russia and other countries may differ. Available options will appear after entering the index. Check the boxes next to the user agreement and proceed to the payment process. There are three options available: Paypal, Bitcoin or VISA/Mastercard.

To ensure that your parcel passes through customs normally, after placing your order, contact Ledger support and ask to mark your wallet as a USB-Flash drive. This will allow you to avoid the bureaucratic hassle that is so beloved in the CIS. If everything goes well, the parcel will be with you in a couple of weeks.

If a manufacturing defect is discovered, the buyer has the right to receive a free replacement. To do this, you also need to contact company representatives, providing evidence of the device malfunction.

Comparison of Ledger Nano S and analogues

The cryptocurrency hardware wallet market is just beginning to emerge. In 2014, SatoshiLabs became a real pioneer in this industry with its Trezor device. And for a long time it was the only full-fledged hardware wallet on the market. But already in 2016, the Ledger company released several new products - Nano S, and a little later another competitor appeared - KeepKey.

TREZOR and Ledger Nano S are similar in many ways - simple, reliable, and support almost the same number of cryptocurrencies. KeepKey stands out in size - it is larger than its “competitors”. Perhaps this device looks more stylish in appearance. But one of the disadvantages is the lack of integration of ERC20 tokens and a smaller number of supported coins.

Wallet TREZOR KeepKey
Equipment
USB cable;
Instructions;
Recovery card		 TREZOR;
Micro USB cable;
Instructions;
Recovery card		 KeepKey;
USB cable;
Recovery Card;
Instructions
Dimensions 9.8 x 1.8 x 0.9 cm, weight 16.2 g 6.0 x 3.0 x 6 cm, weight 12 g 3.8 x 9.3 x 1.2 cm, weight 54 g
Display and buttons Yes, 2 buttons Yes, 2 buttons Yes, 1 button
Compatibility Windows (7+), Mac (10.8+), Linux Windows, Linux, Mac (10.8+) Windows, Linux, Mac (10.8+)
Cryptocurrencies BTC, BCH, ETH, ETC, XPR,
LTC, NEO, BTG (Bitcoin Gold),
DOGE, ZEC, DASH, STRAT,
KOM, ARK, POSW and others;
ERC 20 tokens.		 BTC, BCH, ETH, ETC,
XRP, LTC, DOGE, ZEC,
DASH, BTG, EXP, UBQ,
XEM, NMC;
ERC 20 tokens.		 BTC, ETH, LTC, NMC,
DOGE, TEST, DASH.
Wallet support Electrum;
Mycelium;
Copay;
GreenAddress;

MyEtherWallet;
BitGO

 Electrum;
Mycelium;
Copay;
MultiBit HD;
GreenBits;
myTREZOR		 Electrum;
Mycelium;
MultiBit HD;
GreenBits;
KeepKey Chrome
Price 79 euros 89 euros $129

At one time, the Ledger Nano S was almost half the price of the Trezor and 4 times the price of the KeepKey. It is still the cheapest option on the market, but in terms of the pace of development and level of developer support, it is perhaps the best. Therefore, against the backdrop of demand, the price also increased.

conclusions

Ledger Nano S is a budget hardware wallet for storing cryptocurrency. It's small and lightweight and very easy to set up and use. This wallet cannot be hacked because only you will have access. Recovery is also available in case of loss/damage to the device. Overall, this wallet is on par with its competitors and is a bestseller among crypto enthusiasts.

This is a hardware wallet for cryptocurrency, which is the most reliable way to work with it. Allows you to safely and conveniently store more than 30 crypto assets, such as Bitcoin, Ethereum, Litecoin, Dash, Ripple and others. The Ledger Nano S wallet is designed as a small flash drive with two buttons and a display. For ease of management, the Ledger Live application has been created, which is installed on your computer and allows you to easily manage cryptocurrencies in your wallet. Attention: a promotion has been running since December 2020, so you can buy Ledger with a significant % discount.

Official website - www.ledger.com.

Ledger is the most popular multi-currency hardware wallet for cold storage of cryptocurrency. At the beginning of August 2018, 1.3 million devices were sold. Thanks to delivery to almost anywhere in the world, customers from 100 countries have already become owners of the Ledger Nano S wallet. The device is delivered to Russia, Belarus, Ukraine and other countries. Delivery time is on average 2 weeks.


The cost of Ledger Nano S is 83.32 euros + 20% VAT. The total price including delivery is 99 euros. You can buy it in various ways: by paying with a bank card, cryptocurrency, PayPal and Qiwi account. The main characteristics are shown in the picture:


Instructions on how to buy Ledger Nano S

To buy Ledger Nano S, you need to go to the official website ledger.com and select a wallet in the “Products” section at the bottom of the site or in the top menu.


After reviewing the characteristics of the product to be purchased, you must click the "Buy now" button. On the new page, indicate the required number of Ledger wallets and add them to the “Add to card” cart.


As you can see, there is a Ledger in the shopping cart with a total price of 99.99 euros. To complete the application and payment, you need to click "Checkout".

Nuance. Since the information may become outdated, it is better to check the current prices and conditions on the official Ledger website.

Then fill out the application form, providing all the required information:

  • Email address.
  • First name, last name (First, Last Name).
  • Address.
  • City.
  • Country.
  • Postal Code.
  • Telephone.

It is recommended to write words in Latin (for example: Moskva, ul. Naberezhnaja). The main thing is that the post office sorts it out and delivers it to the exact address indicated. To translate text into transliteration, it is better to use special services, for example translit.net.


After filling out all the lines, you need to click “Continue to shipping method” and check that the entered parcel delivery data (“Shipping Address”) is correct. The cost will already be displayed in the national currency of the recipient’s country. At the time of writing the review, the full price of the Ledger Nano S cold wallet was 7,990 Russian rubles. Ledger is sent from France, delivery is free and carried out by regular mail. As stated on the official website, the period for receiving a crypto wallet is 5–11 business days.


To pay for your order, click “Continue” and select a convenient payment method:

  • Bank cards Visa/MasterCard (credit card).
  • Using the Bitcoin or Bitcoin Cash cryptocurrency through the Bitpay payment processing service. Payment must be made within 15 minutes after the invoice is issued, since the rate is fixed. During this time, transfer the specified amount of cryptocurrency to the recipient’s address, which is presented in the form of a QR code. Payment is possible from a crypto wallet on a mobile device by scanning a QR code. You can also pay to a URL or using payment protocol compatible wallets: Bitcoin Core, Copay, Electrum, Bread Wallet, Airbitz, Mycelium
  • Via Paypal.
  • Using Qiwi wallet.

At the end of the payment, click on the square next to the words “I agree to the Sales Terms”, thereby agreeing to the terms of sale and use. The warranty period is 2 years.


Receiving Ledger Nano S and completing it

The Ledger wallet comes in this box:


The package consists of:


Benefits of the Ledger Nano S wallet

Ledger is classified as cold. This is the most reliable and safest way.

Ledger's main advantages:


  • Safety. All Ledger wallets have a secure chip, the same as that used in bank cards and other highly secure devices. The proprietary BOLOS operating system is used. Private (closed) keys can never be extracted from the device. Representatives of the company do not have access to them, since they are created locally on the device and are not transferred anywhere. The device also controls the integrity of the firmware using cryptographic certification. All transactions are carried out in a secure environment and are confirmed by a PIN code.
  • Simplicity. Only two buttons and a display are used for control. The Ledger Live application has also been created to manage crypto assets, check balances, set up a cold wallet and other functions. You need to download the application from the official website ledger.com.
  • Recovery. If Ledger Nano S is lost, control over the cryptocurrency can always be restored thanks to a 24-word mnemonic phrase (seed). The kit comes with a piece of paper where these words need to be written and kept in a safe place (put in a safe).
  • Integration with other cryptocurrency wallets: Electrum, Bitgo, Mycelium, Copay, MyEherWallet and others.
  • PIN code. Whenever connecting to a computer, you must enter a code consisting of 4–8 digits.


Instructions on how to work with the Ledger wallet

Before starting work, company representatives recommend verifying the authenticity of the device. To do this, you need to check the box for tampering, the condition of the wallet, etc. It is recommended to buy Ledger at official website or from resellers. When purchasing from other places, it is important to carefully inspect the device before paying to make sure it has not been used.

Step-by-step instructions for setting up and working with the Ledger Nano S wallet:



The initial setup of the Ledger wallet is very simple, so there should be no difficulties at this stage.

To confirm an action, you need to press two buttons at the same time, to select - left or right.

Installing the Ledger Live app


Ledger wallet synchronization

You need to launch the Ledger Live application, select "Manager". To synchronize, connect the device to the computer, enter the PIN code, and in the main menu, confirm the connection to the manager with the right button (the screen should read “Allow Ledger manager?”). A check mark should appear next to all items.


The Ledger Nano Wallet Manager will then open. You can update the firmware and add a new cryptocurrency to the device using the "Instal" button. To remove an unnecessary coin, just click on the trash can icon.


How to receive and send cryptocurrency

You need to synchronize your Ledger wallet with the application, select "Portfolio" and click "Add account".


Add an account.

To receive cryptocurrency, click "Receive":


The wallet was purchased on the ledgerwallet website. I purchased a Ledger Nano S worth 58.00 € (+delivery). This is a multi-currency wallet and here you can store not only bitcoins but also other cryptocurrencies.

Ledger Nano - stores cryptocurrency data in the device itself. A code word is required to enter, and even if you lost it, then by purchasing a new Ledger Nano, you can always restore access to your cryptocurrency using this code word.

We go to the official website of S.

Next, choose one of two options. Let's consider the Ledger Nano S option. Click on the link.

We look at the quantity (Quantity) and click on the ADD TO CART button (adding to cart). A window will pop out.

A window opens.

It is not yet known how much delivery costs. But we enter the Postal code in the field and everything becomes clear. For example, the city of Odintsovo.

We see the delivery method and timing, as well as the total cost -81.70 euros. Next, fill in (all in Latin letters!).
Everything marked with asterisks is required to be filled out. We tick the boxes (agree with the terms of delivery).

Below we select the payment method: bitcoins, Mastercard or Pay Pal. I chose the master card. I opened a Qiwi wallet and there you can get a virtual card for free. The currency of the card is rubles, but when they ask for euros, Qiwi will convert everything into euros (guess at what rate?). Click the Continue button. Fill in the card details.

After placing your order, you will receive an email. I bought this wallet. The parcel arrived from France. It took about two weeks to reach the Moscow region.

Ledger Nano S review

We connect the Ledger Nano to the computer via the cord that comes in the kit.

Next we follow the instructions. They said hello to us.
Then the picture spontaneously changed.

Press both button(s) to begin.

Configuring a new device? Press the right button.

1.Select a PIN code. We press two buttons and see the picture. To change the number, press the left button (decrease) or the right button (increase). The PIN code will be four digits.
After you have set the first digit, press both buttons and set the second digit. And so on.
2.Confirm your PIN. Press two keys.

We set the PIN code again. Changing numbers - left or right button. To move to the next digit use both buttons.
PIN code has been confirmed. press both buttons. Let's move on to point 3.

3.Write down the recovery phrase. The kit includes a special card for writing phrases (this will be 24 words).

We look at the word and write it down on the card. We press two buttons.

Word #1 dice. Press the right button.

Word #2 cimilar. As you can see, use the left button to go back, the next word is the right button. So 24 words...

After 24 words, press both buttons. Let's move on to point 4.

4.Confirm the recovery phrase. Press both keys.

Select word #22. We look at the card and see that the word similar does not correspond to our word #22. Press the left (right) key to search. As soon as word #22 is found, press two keys. Those. check the correctness of the entry. After a while we see a message.

The device is ready for use.

But that is not all….

We go to the ledgerwallet website.
Click on the Apps link. We see two groups of applications: wallets on the left, wallet manager and authenticator on the right.
Let's install the Ledger Wallet Bitcoin & Altcoins application. Click on the link.

We press the button and it takes us to the bottom of the page.

You can install a Bitcoin wallet on Windows, Mac, Linux platforms
For Windows 7+, Mac OS 10.9+, Chrome/Chromium 50+.

Let's consider installing a bitcoin wallet on Windows 7 in the Google Chrome browser. We click on the button and we are transferred to Google Chrome applications.

Click Install. A window opens.

Click on Ledger Wallet Bitcoin. And we see a message asking us to connect Ledger.
We connect the device to the computer.

Enter the PIN code (use the left and right keys). After entering, we see the following picture.

Press two keys. Here they ask which version of Bitcoin to connect (classic or split - Bitcoin or Bitcoin Cash).
Choose Bitcoin.

Again they ask which option to connect the official or Segwit. Click “I don’t know.” I don't know.

That's all!

How to log into the ledger nano s wallet

In order to log into your wallet on your computer, you must: 1) Launch the Ledger Wallet Bitcoin application in the Google Chrome browser. 2) Connect the device to the computer and enter the PIN code.

In order to launch the Ledger Wallet Bitcoin application (extension), you need to go to the Google Chrome settings (in the upper right corner, click on the icon with three vertical dots).

Next, select “Additional tools” and click on “Extensions”. On the page that opens, find the Ledger Wallet Bitcoin extension and click on the “More details” link. A window will pop up in which you can click Create Shortcut.”
After this, a window will open.

Choose where it is more convenient for you to create a shortcut and click “Create”. Now there is no need to go into Google Chrome, because... Use the shortcut to launch the application.

Now we connect the device itself to the computer. Enter the PIN code on it

We configure our choice (put a tick in the appropriate checkbox). Alternatively, click Bitcoin).

We decide that we need LRGACY or SEGWIT. Or just click “I don’t know.” And everything opened...

The ForkLog editors got their hands on the new Ledger Nano S - so far the only full-fledged hardware wallet we know of that supports not only bitcoins, but also Ethereum.

Nano S is a continuation of the line of hardware wallets produced by the French company. The company's new flagship product was released on July 29 this year, and the stated price is 58 euros excluding VAT.

Equipment

Manufacturers of Nano S do not betray themselves, so the device traditionally looks like a regular flash drive. However, this time you need to use the USB cable that comes with the wallet to connect to your computer.

In addition, the kit includes: a thick envelope with two cards: instructions and a data recovery sheet; Accessories: neck lanyard, phone clip and key ring. It is noteworthy that the package no longer includes a security card with a custom encryption, unlike the previous version of the Ledger Nano hardware wallet.

Settings

According to the device configuration instruction card, the first time you launch the Ledger Nano S, you need to go to start.ledgerwallet.com and follow the instructions on the website.

Users are asked to first select the appropriate device from the list, and then proceed to the initial setup or install one of the available wallet applications.

Let's consider the first option. In the menu that opens we will see more detailed instructions. The first step is to connect the device to the computer and press both keys on the hardware wallet body at once to launch the configuration, and then enter the desired PIN code.

Using the control keys turned out to be intuitive: the user sees arrows and can use the key on the corresponding side of the screen. To confirm each digit of the code, you need to press two keys at the same time (hereinafter, pressing two keys at once means moving to the next step, so if we don’t know what to do, press both).

After saving the PIN code from the screen, you will need to read the 24 words necessary to restore the wallet and write them down on the appropriate card included in the package or in any other secluded place.

By the way, the device cannot be set up without confirming the position of two random words from a list in a common phrase, so even as part of the test run we had to write down every word.

The final stage of setup was the installation of Bitcoin and Ethereum wallets for the Chrome browser. As noted in the manual, it is absolutely not necessary that the computer be uncompromised, because all confirmations take place only if you have a hardware wallet and a correctly entered PIN code, bypassing the computer.

Launch

To launch the wallet, you need to click on the icon of the corresponding application in the chrome://apps browser tab, and also select the corresponding menu item in the menu of the Ledger Nano S device connected to the computer.

The design of the Bitcoin wallet app for Ledger devices has not visibly changed since the previous review.

In addition, as in the earlier version, the ability to download and store the blockchain and/or connect to your own node is not available, so users are forced to limit themselves to four standard block explorers to choose from:

Ethereum and Ethereum Classic support

However, the most interesting innovation of Ledger Nano S is its support for Ethereum. Thus, Ledger is slightly ahead of its competitors from Trezor, who are also actively developing a wallet for the second largest cryptocurrency by capitalization.

By the way, when launching the application, the user has the opportunity to choose which Ethereum blockchain to use, because the wallet is suitable for storing not only ETH tokens, but also ETC.

However, the wallet is not visually very different from a Bitcoin wallet, except that it contains no settings at all. The three main menu buttons are responsible for the current balance, sending and address for receiving funds.

Security Ledger Nano S

An important element of the positioning of Ledger products is security against hacking. At least the previous version of the wallet took first place in the ranking this spring, although it scored only 50 out of 100 points during the evaluation.

As you have already noticed, the new Ledger Nano S is equipped with a display and control buttons. This allows you to take advantage of an additional authentication factor directly from the device, i.e. allows you to set and enter security data without going through your computer, thereby providing protection against phishing. This was the main improvement from a security point of view. Wherein:

1. Device data is erased if you enter the wrong PIN code three times in a row. Because the code is entered directly from the device, the developers eliminated the need to reboot the Ledger Nano S after each unsuccessful attempt to enter the pin. However, in order to avoid permanent data loss, it is possible to restore the wallet using a mnemonic phrase.

2. The mnemonic phrase for recovery is 24 words in the correct order. The phrase is generated directly on the device (and not in an application on the computer, as in previous versions), shown on the device and must be written down in a secluded place or on a card.

To use a mnemonic phrase during recovery, you will have to enter all 24 words on the device using two buttons on the case. In order to simplify the task, the manufacturer has provided the ability for the user to select a word from a list of options after entering the first 3-4 letters.

According to the developers, the hardware wallet application data is stored on a secure element inside the device (model: ). At the same time, a significant part of the code (primarily software for wallets) is publicly available on GitHub. Gradually, the company plans to open more and more information about the code, leaving hidden only parts with partner software related to the functioning of the hardware (processor initialization, memory, etc.).

In addition, the new device is supposed to be theoretically compatible with Mycelium and Electrum wallets.

Alternatives:

The Ledger company has been specializing in the production of hardware Bitcoin wallets for several years, and in early March of this year the company entered a new level by releasing its own operating system based on distributed ledger technology called Blockchain Open Ledger Operating System (BOLOS). The new OS powers the next generation of hardware wallets, Ledger Blue, allowing them to be used as personal security devices.

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