This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
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Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
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A wallet that is “open source” makes its software code public (e.g. on Github). Either the entire program code or at least significant parts of it are publicly accessible. This has the advantage that many parties can review the code and security gaps or other vulnerabilities are discovered and improved more quickly.
The so-called "private key" is a unique sequence of numbers and characters and the private key that gives you direct access to and control over your cryptocurrencies. The private key is used to sign transactions. In simple terms, it can be seen as a digital fingerprint that proves that you are the owner of the cryptocurrencies. If you store your cryptocurrencies on so-called "custodial wallets" (e.g. crypto exchanges), you are not the owner of your private keys.
The anonymity of “non-custodial wallets” is generally relatively high. However, there are differences between providers when it comes to collecting and storing user data. There can also be differences in the ordering process for hardware wallets as to which user data is stored and for what period of time
The so-called “secure element” is a chip (microprocessor) that stores your private key and is separated from the rest of the hardware. This special chip gives the hardware wallet significantly more protection against local, physical attacks. Depending on the chip, a different level of security can be offered. Some chips can be compromised with less effort, while with others this is only possible with special equipment and is extremely complex.
The so-called “secure element” is a chip (microprocessor) that stores your private key and is separated from the rest of the hardware. This special chip gives the hardware wallet significantly more protection against local, physical attacks. Depending on the chip, a different level of security can be offered. Some chips can be compromised with less effort, while with others this is only possible with special equipment and is extremely complex.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
Some wallets offer an integrated trading function within the wallet to buy and sell cryptocurrencies directly. This functionality is usually made possible by a connection to the web interface of an exchange. The integrated trading function in wallets offers enormous advantages: cryptocurrencies can be bought in the same place where they are to be stored. The manual transfer of cryptocurrencies from an exchange to your own wallet is therefore no longer necessary, which can save time and money.
Multisignature wallets or multisig wallets are wallets that require at least two private keys to sign a transaction. This additional process makes it possible to greatly increase security against unwanted access, for example through personal threats. This security mechanism is particularly useful when storing particularly high assets.
If the hardware wallet or the device with the corresponding software wallet is lost or damaged, there is no need to panic. As long as you have your private key or recovery seed (also called “seed phrase”) in your possession, you can restore your wallet at any time. The recovery seed is a combination of 12-24 words and is the most common backup method for wallets. Important: Keep your recovery words and private keys secret and never share them with other people!
Ledger Nano S Plus Review
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In our view, the Ledger Nano S Plus is a good first hardware wallet for beginners who manage their crypto from a desktop computer or an Android phone. It keeps your keys on a secure element certified to CC EAL6+, holds up to 100 apps and, according to Ledger, can manage more than 15,000 coins and tokens. The trade-offs are a cable-only connection without Bluetooth and no iOS support: Ledger states that the Nano S Plus does not work with iOS devices, so we think iPhone users are better served by the Ledger Nano X. The optional Ledger Recover subscription works with this model in the desktop app only.
Ledger Nano S Plus
Overview
Quick Facts
The Ledger Nano S Plus is a compact hardware wallet that keeps your private keys offline on a secure element chip and connects to a computer or an Android phone over USB-C. Ledger has discontinued the original Nano S and replaced it with the Nano S Plus, so this review now covers the newer model.
Informations
Pro's & Con's
- Secure element chip with CC EAL6+ certification.
- Room for up to 100 apps and, according to Ledger, more than 15,000 supported coins and tokens.
- USB-C connection for desktop computers and Android phones, with no battery to charge.
- Supports Bitcoin multisig setups through the Ledger Bitcoin app.
- Does not work with iPhones or iPads, according to Ledger.
- No Bluetooth, so every connection needs a cable.
- Small screen: checking a transaction takes several steps.
- No Transaction Check scam warning, which Ledger offers only on its touchscreen models.
Ledger Nano S Plus
Hardware
Offer and features of
Ledger Nano S Plus
Functionality
Unique Features
- Ledger Wallet app (formerly Ledger Live)
- Up to 100 apps
Platforms
Our
Ledger Nano S Plus
Review
Our Rating
Conclusion
In our view, the Ledger Nano S Plus is a good first hardware wallet for beginners who manage their crypto from a desktop computer or an Android phone. It keeps your keys on a secure element certified to CC EAL6+, holds up to 100 apps and, according to Ledger, can manage more than 15,000 coins and tokens. The trade-offs are a cable-only connection without Bluetooth and no iOS support: Ledger states that the Nano S Plus does not work with iOS devices, so we think iPhone users are better served by the Ledger Nano X. The optional Ledger Recover subscription works with this model in the desktop app only.
Customer Reviews
/ 5 average rating from 0 reviews
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The Nano S Plus is small and light at 21 grams. You set it up and manage your accounts in the Ledger Wallet app (formerly Ledger Live) on a computer or an Android phone, connected with the included USB-C to USB-A cable. The monochrome screen has 128 x 64 pixels, and Ledger itself describes Clear Signing on this model as a multi-step process on a small screen, so reviewing long addresses and contract details takes several steps. In our view that is fine for occasional transfers and long-term storage.
The device holds up to 100 apps at once. Through the Ledger Wallet app you can send and receive crypto, and you can buy and exchange it through Ledger's partners. For Bitcoin, the Ledger Bitcoin app supports multisig, PSBT and miniscript, and since version 2.4.0 also MuSig2. The Nano S Plus can also serve as a security key for two-factor logins, but only over USB.
Ledger says the Nano S Plus can manage more than 15,000 coins and tokens. More than 500 of them work directly in the Ledger Wallet app, including Bitcoin, Ethereum, Solana and XRP; for the rest you need a compatible third-party wallet. Because the device holds up to 100 apps, you can keep the apps for many different blockchains installed at the same time.
Your private keys stay on a secure element chip (ST33K1M5) certified to CC EAL6+. The French cybersecurity agency ANSSI had also certified the Nano S Plus under its CSPN scheme, but that certificate expired in July 2026 and is now listed among its archived certificates. Ledger Recover is optional: only if you subscribe does the device encrypt your private key and split it into three fragments held by Coincover, Ledger and EscrowTech, two of which can restore access. With the Nano S Plus, Recover works only in the desktop app. Ledger has also had incidents beyond its devices: a 2020 breach of its e-commerce database exposed customer contact details, and in 2023 malicious code in its Connect Kit library tricked users of some third-party apps into signing transactions that drained their wallets.
In our view, the Nano S Plus is a straightforward start for beginners: you manage it from one app, the Ledger Wallet app, on a computer or an Android phone. The step that matters most is the 24-word recovery phrase, the backup of your private keys. It lets anyone rebuild access to your wallet without the device, so Ledger advises you to keep it safe and never share it with anyone.
Experiences with Ledger support are mixed. Some users report helpful and timely responses, while others criticize longer wait times and inadequate solutions. Generally, users would like to see more specialized support, in particular for more complex issues.
In our view, the Nano S Plus does the core job of a hardware wallet well: offline keys on a certified secure element, room for up to 100 apps and support for more than 15,000 coins and tokens. Its limits are the cable-only connection and the missing iOS support. It suits beginners and long-term holders who manage their crypto from a desktop computer or an Android phone. If you want Bluetooth and iPhone support, read our Ledger Nano X review or see our comparison of the two Ledger models. Our SafePal review covers another hardware wallet, and our wallet comparison lists all the hardware and software wallets we cover.
About
Ledger Nano S Plus
Ledger Nano S Plus
About the author
Ethan Parker is Senior Content Editor at Exchange Flow. He has followed crypto since 2015, from Bitcoin and Ethereum to the exchanges people use to buy and trade them.
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