If you're going to get into DeFi and don't want all of your money stolen, then a hardware wallet is an absolute necessity. I personally love Ledger's wallets, one of the most popular brands on the market.
So let's compare the three hardware wallets in Ledger's lineup: the Ledger Nano S, the Ledger Nano S Plus, and the Ledger Nano X.
The Ledger Nano S is Ledger's entry-level model, priced at just $59. It was my first purchase. I lament the fact that I didn't buy the Ledger Nano S Plus until last week.
The unanticipated problem with the Ledger Nano S is that it has far too little storage space: just 138kb. To put that in perspective, the Cardano app alone is 108kb. Bitcoin is 62kb, Ethereum is 50kb.
The Nano S simply limits your horizons too harshly. 138KB is not even close to enough. The Nano S Plus only costs $20 more ($79) but provides over 900% more memory: a generous 1.5MB. It has a bigger and better screen. It is miles ahead of the Nano S.
For almost twice the price of the Nano S Plus, the Nano X ($149) provides only 33% more storage (2MB). The primary selling point of the X is its bluetooth connectivity and built-in battery. It is made for those who trade crypto on-the-go.
Personally, I try to avoid making DeFi decisions until I have my hands on my laptop. If I absolutely have to buy or sell something, I use a centralized exchange. I would never risk taking my ledger outside of my home. What I like about a hardware wallet is that it isn't operational unless its plugged in, but to each their own!
Bottom Line
I actively resent my Nano S now that I have the Nano S Plus, but for people who own only one cryptocurrency, I suppose the Nano S could theoretically be adequate. The Nano X is great for people who want wireless connectivity and the ability to trade from their phone at any time.
The choice is yours! Check out the Ledger store today!
