Ledger has done real success for themselves by improving their product offering, and the most recent release of the Nano S is no different. Older hardware wallets, for example, the first Ledger, as I would like to think, were not as user-friendly like its competitor Trezor. However, after reviewing the Nano S with my 7-year-old child, Joshua, who loves digital currency, we both found the most recent offering simple to use.
My Ledger Nano S came in the mail from France and was safely sealed with a tamper-evident tape and plastic wrap encasing the package. After carefully opening the box, which appears to be like the way an Apple items is packaged, my child and I were satisfied with how nice the gadgets looked. The Nano S is little and encased by a harm proofing aluminium cover and has only 2 physical buttons. It additionally has an insert for a micro USB connection with a much longer cord than the Trezor.
The Nano S requires the utilization of Google Chrome extensions when connecting the gadgets to any computer. Before connecting the Ledger, clients can set a Four digit pin on the instrument itself, which eliminates any key logging. Also, we wrote down the twenty-four-word mnemonic phrase on a paper given by the gadgets. This was a good lesson for my son as I didn’t do the seed step with him when we first played with our Trezor last year. He learned all about what a mnemonic phrase was and furthermore helped him with the pronunciation of each word. After finishing all twenty-four words, the machine then asked about 3 of the words that were shown with the initial seed step and asked what number was applied to each word.
After setting the pin and going through the seed routine, the next thing my child and I did was connect it to the wallet page start.ledgerwallet.com. The page asked what gadgets was in utilize, and when connected it displayed 2 options: add a Bitcoin wallet or add an Ethereum wallet extension.
We decided to test the Bitcoin section as my child is more of a fan of that specific digital currency, even though last year he liked altcoins a whole lot more. The setup took less than a minute, after which we were welcomed by the wallet interface.
The screen shows an “accounts” section for multiple addresses, send and receive options, and settings. My son pressed the receive button, and it gave us a random public address with a QR code as well. We decided to send $3 dollars in bitcoin to the address by using another wallet I had opened in our Safari browser. The process of sending again took less than a minute, and the funds were immediately viewable on the Ledger wallet dashboard. There was a little wait for confirmations, which can be monitored in the interface. Sending Bitcoin back to my other wallet was no different and just as simple.
The display on the gadget was also very cool, and my child noted that the bright green lettering was brighter than the Trezor screen. However, Joshua really digs the images of Doge displayed on our Trezor also.
Affordable Bitcoin Protection
The Ledger Nano S is fairly cheaper than most hardware models out there today, at roughly $65 for this particular gadget — and you can, of course, pay in bitcoin. It’s also open source and developer friendly, as additional apps can be added. My son and I had a fun time experimenting with the hardware wallet and look forward to breaking it in by adding more Bitcoin and possibly some Ether.