Home/Wallets/Ledger Nano S Plus
Multi-Coin·Hardware Wallet Review

Ledger Nano S Plus Review

Budget Ledger with USB-C

Rank:#21 of 28
Rating:1.6/10
Price:$59
Updated:Feb 2026
Ledger Nano S Plus

The Nano S Plus is the budget entry into Ledger regret. Same closed-source firmware that proved extractable with Ledger Recover. Same company that leaked your address in 2020. At $79, it's the cheapest way to experience all of Ledger's problems.

Multi-Coin Warning

Supporting multiple cryptocurrencies means more code, more complexity, and more potential vulnerabilities. Most altcoins are scams anyway. The wallet makers who support them are prioritizing sales over your security.

About Ledger

CompanyLedger
Founded2014
HeadquartersParis, France
FirmwareClosed-Source

Security Architecture

Closed-source secure element. Same trust issues as Nano X.

Secure ElementST33K1M5 (closed-source)
Connection MethodsUSB-C
Display0.98" OLED
Passphrase SupportYes
Multisig SupportYes

What's Good

Budget Ledger

Cheaper way to enter Ledger ecosystem if you must.

USB-C

Modern connector, no dongles needed.

Compact

Small and portable form factor.

Where It Falls Short

  1. All Ledger Problems: Closed source, Recover capability, data breach history all apply.
  2. No Bluetooth: Unlike Nano X, no wireless capability.
  3. Tiny Screen: Still hard to verify full addresses.

Security Incidents & Controversies

Every company makes mistakes. What matters is how severe they are and what they reveal about priorities. Here's Ledger's track record:

Ledger Recover CapabilityMay 2023critical

Same firmware architecture allows seed extraction like Nano X.

Trust Assessment

Reasons to Trust

  • More affordable than Nano X
  • USB-C connectivity
  • Slightly larger screen than original

Concerns

  • Closed-source secure element
  • Same Recover capability as Nano X
  • All Ledger trust issues apply
  • No Bluetooth
  • Multi-coin bloat

Best For

  • Those committed to Ledger ecosystem on budget
  • NOT recommended for serious Bitcoiners

Key Specifications

Price

$59

Rating

1.6/10

Type

Multi-Coin

Features

Budget, USB-C, Multi-coin

Display

0.98" OLED

Connection

USB-C

Frequently Asked Questions

Wondering if the Ledger Nano S Plus is your best option?

Take the quiz and get a personalized recommendation in 60 seconds.

Take the Quiz→

Bottom Line

Look, the Ledger Nano S Plus isn't a bad device from a pure hardware perspective.

It has budget and usb-c. Some people will like that.

Not Recommended

I don't recommend multi-coin wallets. The attack surface is larger, the codebase is more complex, and most altcoins are scams. At $59, there are Bitcoin-only alternatives that will serve you better.

Bitcoin-only, dummy.

I'm not going to help you buy a multi-coin wallet. Check out my Bitcoin-only recommendations instead.

How Ledger Nano S Plus Compares

Was this helpful?

Compare All Wallets