Works as described and I also double checked to make sure this device was not tampered with by opening it up and checking to see if the MCU chip contained "042K6" according to ledger's website. Check out the high-res photos of the PCB board. So the setup process was pretty straight forward but takes a while. The chrome app works perfectly and shows all the wallets that are pre installed and the firmware came updated. I also installed a few other wallets as well and it works great. I feel a lot safer now keeping my coins in a hardware wallet rather than some exchange or wallet on my laptop.
Google this below because amazon does not allow external links
How to verify the security integrity of my Nano S
This is a really nice crypto wallet that is very easy to use. The ledger team are constantly supporting new currencies and there are a lot of good resources for crypto beginners on this wallet. There is a limit to the variety of currencies you can have on the wallet though. I believe it’s 3. So this may not be for you if you are planning on storing a wide variety of coins/tokens.
For those of you who don’t know how it works.
It stores your private keys on the device. You will receive a sequence of words when you set it up for the first time(write these down and store them somewhere safe) and you will set up a pin. To access the device you use the pin by physically inputting into the ledger. If you lose the ledger or forget your pin code you use the sequence of words that you were given when you set the device up. You can recover your wallet on the same ledger or a new ledger using those words.
Update 10/20
Very pleased with Ledger. They do listen to their customers. The new firmware 1.2 features add some of the features missing in my previous review. The addition of Litecoin is welcoming, as well as the new Ledger Manager. Token and contract support for Ethereum, and some other small additions. I would like to see Monero or Dash support in the near future but already Ledger is paving the way for a hardware wallet to have and has been the first to include multi-crypto support on a single device. Great job Ledger! Keep it up.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
I am a normal every day Jo, so my review of this item is my own opinion. I apologize for any grammar errors. It is a quick review and I am just winging it. The build and quality of the Nano S is nice. The screen is welcoming but very limited as far as in formations goes. The metal cover that swing open is a bit annoying as there is no way to lock it in place. It is pretty loose on there and you can bend it to have a stiffer movement, but over time it just loosens up again.
The bitcoin side of the Nano S UI is super easy to use. Your typical information is displayed. However unlike the Trezor there is no way to tag descriptions on transactions.
The ethereum side of the Nano S UI is very limited. Not very much information is displayed, very basic. Your are limited to one address only, a disappointment for sure.
At the time of this review both apps requires a desktop/laptop to use. No mobile apps as of yet. If you want to know your balance, the only way is to connect it to the chrome app. Disappointing because it has a display and no setting to show your balance. Even the box it came in show the Ledger with a balance on the picture?
The 4 digit PIN require is ok, but I prefer how Trezor does it with random pins. I think Ledger scrambled PIN could be set up like the Trezor in the near future.
The FIDO security works really well for my drop box and gmail. If your going to use both nano S and the Trezor, I recommend setting up the nano S first then the Trezor. For some reason I does not work the other way round.
Have said all that it does what it suppose to do. Hopefully future updates will address limitations mentioned. Currently I use the Ledger for my ETH holding and my Trezor for my BTC. Since I use my Trezor more often with bitcoin this works for my setup. Later on I throw the Nano S into a Secured Safe. It is decent and I do recommend it.
mine had smudges also, didn't look like finger smudges. i have worked for major hardware OEMs in the past and nothing inside the (purposefully unsealed) package look like marks from un-gloved handling. what looks like smudges appear to be artifacts of the manufacturing process (they appear where the logo is etched into the sleeve)
cannot stress this enough: the design of the device precludes physical tampering. if the wallet is tampered with then it won't work because the hashes won't match.
arrives on time, functions perfectly, validates as secure with ledgerwallet, installs the crypto wallets i want, hardware keys validate and function...can't ask for more.
if you are worried about receiving something in an unsealed package with smudges on it then please do yourself the favor of some basic research.
I kept my coins on an exchange for too long all to avoid the user hostile software wallet marketplace that was/continues to be borderline user hostile in it's UI/UX
The best and top rated software wallets on a good day are nearly guaranteed to be high learning curve cumbersome annoyances.
If I didn't find Ledger and their hardware wallets I'd probably still be a future coinbase victim as no exchange can be trusted.
Best in class developers are what keeps these (Ledger Wallets) ahead of the competition in my opinion. Ledger is constantly patching and updating the software to accommodate the wildly chaotic crypto world adding newer and more coins and keeping up with all the recent hard forks and chain splits.
There are some fine products in this tier but I believe Ledger's developers set them apart.
Feature Product
- Check and confirm transactions on the display and confirm with using the physical buttons (anti-malware second factor)
- Your confidential data is never exposed: it is secured inside a strongly isolated environment locked by a PIN code
- Use companion apps such as cryptocurrencies wallets, and also FIDO U2F, GPG, SSH or build your own applications
- Ledger Nano S supports the FIDO Universal Second Factor authentication standard on Google, Dropbox, GitHub or Dashlane
- Your accounts are backed up on a recovery sheet. Easy restoration on any Ledger device or compatible wallets (BIP39/BIP44)
Description
Ledger Nano S Cryptocurrency Hardware Wallet
So Ive been just letting my coins sit on the exchange but eventually it became a little worrisome letting it sit on there cause the exchange could get hacked or go out of business and all your coins go poof. Anyways I was looking at the few different hardware wallets available and this one had the most positive reviews online that I read. Im not going to lie the first few hours trying to transfer with this were incredibly frustrating. Once i got the hang of things it became easy. I like the fact that your private key never touches the internet unless you do it intentionally. The 24 word pin is only on the device so no-one every has access to it. Dont look at it or write it down with your comp webcam on if your really worried. I wish it was battery powered so that you could look at the key away from the computer and didn't have to have it connected to your computer via usb during setup just for added security but I could be going overboard. I like the integration with mew as well to check your balance. You can send any etc-20 based currency to the wallet but keep in mind it will not display the value or how many are in there unless you check with another site. As with any transaction you do on the blockchain triple check the address you are sending the money to as one wrong number will lose your money. Im digging it so far through.
Device wasn't comprised.
I had little marks on the device like other people but here's what I did anyways!
-open up the device and check the microchip next to the original picture on the website
-reset the device two times!!
*Sidenote: you should have to create a new pin and a new word system upon plugging in. YOU SHOULD NOT HAVE THIS INFORMATION PRE FILLED OUT!!! these are YOUR private keys to your personal BANK!!! IF THEY ARE PRE WRITTEN AND YOU USE THEM SAY BYE BYE TO YOUR MONEY.
After two resets there is no way in hell someone has those addresses, and codes. Enjoy.
Given other reviews concerned about tampering with the integrity of a hardware wallet, I ordered this from the Ledger Official Store on Amazon.com. But Ledger wallets now include a cryptographic "attestation" mechanism that would detect nearly any sort of tampering by an intermediary, as explained on their website.
For me, everything about the Ledger Nano S has worked exactly as described in the online documentation, which has been very helpful. In perhaps two hours after unpacking the device, I was able to purchase a small amount of Ethereum from Coinbase and send it to the Ledger wallet. I would recommend carefully following the instructions step-by-step, especially when updating the firmware, and of course writing down and saving the recovery phrase.
I was only counting on support for the most popular cryptocurrencies, but I was pleasantly surprised to find that the "Ledger Manager" Chrome app now supports many more currencies/apps including Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Private, Digibyte, HCash, Qtum, PIVX, Stealthcoin, Vertcoin, Viacoin, Ubiq, Expanse, Dash, Dogecoin, Ethereum, Fido U2F, Litecoin, Stratis, Ripple, ZCash, ZenCash, Komodo, Peercoin, PoSW, Ark, Neo, Stellar, Woleet and Hello (list as of May 28, 2018).
First, I am fairly new to cryptocurrency, but one of the first things I learned right away was how to safely store one's coins. With hacking being so prevalent these days, it's essential to understand what options one has available to them. I am still learning how to use this device, but what I can say thus far is that it's not the easiest to learn to use, but with patience and lots of research, it seems to be a really good product. One of the things I ran into was the numbers of people complaining about some of these on here having been tampered with, yet I didn't have that issue with this seller. In fact, if you were to go to the LedgerWallet website, this seller is listed as a supplier for the US.
As such, I received the device sealed in plastic and opened it to find it in pristine condition without any signs of wear or prior use. There is a way to verify whether the device is legit or not on LedgerWallet's website, but since LedgerWallet had linked this seller on their site, I trust they're reputable. The one thing I find to be frustrating about this device is how hard it is to get clear and concise directions on how to use or troubleshoot it. Most products come with instructions, yet this device did not. Still, for what is paid for it and what it has to offer in way of protection, it's a no brainer. I'll continue to play with it some more and get a good feel for the apps used within it before transferring over my cryptocurrencies.
Another thing I'll mention because it took me a LOOOOONG time to figure out is that when you're running an app and have a wallet open, the ledger wallet will not allow you to open an additional wallet while running a different one. It seems you can have but one wallet open at a time. I kept trying to open bitcoin and also ethereum and neither would work. I was beginning to think the device was faulty, but I eventually figured out that I had the ripple wallet opened in the background. Once i closed it, bitcoin opened without issues. After that, I was able to get Ethereum to work as well, but neither would while the ripple app was open. Hopefully that info will save some out there some time, as I looked everywhere trying to figure out what I was doing wrong and couldn't get a straight answer.
Lastly, and this is a little frustrating as well, there seems to only be room on it for about 4 apps, so if you hold coins in multiple supported apps, just keep in mind that you won't be able to have all of them on the one device. You can still use all the different apps, but my understanding is you'd have to delete some and load others on, and then delete those and re-add the others later to move back and forth. I don't know if doing so would cause you to lose your coins or not, as I know some people have more than one of these devices. I'm not there yet, but I might order another one later if I start diversifying my crypto coins. For now, 4 apps is plenty for me. Hope this review proves helpful to some of you, who like me, are fairly new to all of this.
I like my Nano. The set up experience was cool and interacting with the device is easy enough. You really just need to unlock it and activate the desired app before finishing on the pc, anyway. It's VERY well made and the fit and finish is perfection. The manager app lets you easily install apps on the Nano from a list. I was a bit disappointed at how atomic all the chrome wallets are, meaning they're all installed individually and they are not all exactly the same. Close, but inconsistencies. I really wish there were a portal where you could choose the wallet to work with ... or that they would at least add launch links from the manager that would open the individual apps. I love having my cryptos off the exchanges and this suite is a pleasant and secure solution that gives me peace of mind. A buddy bought one right after me.
0 comments:
Post a Comment