EEVblog #1048 - Ledger Nano S Crypto Hardware Wallet

A review and teardown of the Ledger Nano S crypto currency hardware wallet. Installation, setup, and transferring bitcoin cash, ethereum, and ripple.
And a comparison with the Trezor, which one is better?
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Verify your Ledger Nano S hardware here:

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[EEVblog]

UPDATE:
I was contacted by a board member of the Bitcoin Cash Fund and they wanted to clarify this issue I had with the fees, so mostly full email here. I used BTCmarket.net BTW.

"I'm a board member of the Bitcoin Cash Fund, a charity we created to help Bitcoin Cash adoption worldwide. We, the board members, and the sponsors, are some of the biggest name in the Bitcoin ecosystem. I have been involved with Bitcoin since December 2009 and have been mining ever since.

I would like to take the opportunity to clarify the bitcoin cash fees you said that you paid on your latest video (review of Ledger nano S). I don't know which wallet you used to send yourself some BCH but there is no limitation to how small your transaction can be on the network.

Also, in your video you states the fees where .001 BCH, or about 3.43$. Fees on Bitcoin Cash are usually in the order of a fraction of a cents. There is absolutely no reason to pay such an absurd high fee, low fees are the point of Bitcoin Cash after all.

I took the liberty to check your transaction and it was literally the highest fee for a transaction in more than 7 days. I'm sorry you had such a bad user experience, if you let me know which wallet you used to make your transactions, I will contact the maker of the wallet so they correct their software."

[mikeselectricstuff]

Surely at the very least you need tamper evident-casing to ensure someone hasn't installed a hardware logger or swapped out the whole PCB.

[mikeselectricstuff]

OLEDs need about 12v, hence boost converter

[bruhdabones]

7:28: “Smart phones are horribly unsecue!” - nice speeling Dave

[djstorre]

Thanks for the review. Im happy with my Trezor even more now.

[aurorahauntedhobbies]

I would love for you to do an update on your crypto. Not your holdings, of course, but your thoughts on the state of the scene as well as any updates on hardware you think relevant. Granted, maybe the lack of an update says it all. Nothing new enough to be cool enough to talk about :D Have a good day, Dave!

[MrHighvolt]

problem with the Nano is that it has a very limited amount of memory for the apps. (only about 5 apps are supported at the same time)
So you need to uninstall / install apps if you have a lot of different coins.

[TKomoski]

*To you and your family, Happy Holidays & Best Wishes for the New Year.* CHEERS 73

[LAG]

Hang on a minute... The security chip is using versions of *DES* in 2017??!! People figured out that DES wasn't secure enough to be trusted in the late 90s and created the multi-key versions of it as a stopgap before AES was standardized. Today you may as well just use plaintext instead of DES-based encryption.

Also not impressed with the use of 128 and 192 bit AES, thou that's more of a near future concern than something as alarming as using DES-based encryption in 2017.

[redtails]

I don't see the advantage of this usb stick? Is it used for the login process to their app, and that's it?

[WillowFox]

I feel like they should have put a couple hardware suicide triggers in there, most ATM keypads have a few hardware kills, if you open an ATM keypad, or even an EFT pad, they will wipe the memory and if you dig too deep and break a physical run in the potting or glass run, it's over. Also some have suicide capacitors that are always powered up, and when a tamper is triggered it will brute force send two redundancy capacitors directly to the core and kill it by intentionally overpowering the core by 1, 200%.
They also lose volatile memory, pretty much resetting to factory if light tamper is detected, so by the time the brain is fried, it's already been reset to factory, then wiped to nothing, then finally fried with a few hundred times it's maximum operating voltage.

[CookingWithCows]

Why does the thing cost about 50% more on amazon that you linked through the kit . com website compared to the ledger website? (70.18 € on ledgerwallet website compared to 120€ on amazon)

[ianhasnochannel]

I would've liked to have seen a comparison with the physical security features of the EFTPOS pin pad teardown from a few years ago.

[hensum]

I love your clear and easy to follow explanation. One quick question though. Can the hardware wallet support new coins that come out in the future or do you have to buy a new hardware wallet for coins that aren't here today? (assuming that the company implement the support for the new coins)

[Skyfox]

Since you can build your own Trezor, you should make a video where you actually do that with perf board or something, just to see how easy or difficult it is.

[pifou]

Trezor pin panel has not the zero "0", it means it reduce the number of possible combinations ....

[AZOffRoadster]

As I understand it, Google recently announced that they will be discontinuing the support of Chrome apps. Back to supporting 3 different platforms.

[dorin.dumitru]

you should know that Trezor's pin was hacked some time ago. But I haven't heard of a ledger being hacked yet.

[Brina_stubbs]

I would recommend two step Authentication for any software wallet

[lesliefranklin]

Now I'm conflicted. Should I waste my money on "Solar Road" or "Crypto Currency"?