CoinSpot Wallet vs Ledger Nano S Wallet Comparison
CoinSpot Wallet vs Ledger Nano S Wallet: A Comprehensive Comparison
Cryptocurrencies are fast becoming a popular investment option and digital wallets are a necessity for securely storing them. In this comparison review, we will be taking a look at two popular digital wallets – CoinSpot Wallet and Ledger Nano S Wallet.
CoinSpot Wallet Overview
CoinSpot is an Australian-based cryptocurrency exchange that offers a mobile and desktop wallet for storing and trading cryptocurrencies. The CoinSpot Wallet is available for download on the App Store and Google Play Store. It offers a user-friendly interface, two-factor authentication, and access to over 200 cryptocurrencies.
Ledger Nano S Wallet Overview
The Ledger Nano S Wallet is a hardware wallet that provides an extra layer of security to store cryptocurrencies. It is a USB-like device that can be connected to a computer or smartphone to access your digital assets. The Ledger Nano S supports over 1,500 cryptocurrencies and provides a secure way to store and manage them.
CoinSpot Wallet vs Ledger Nano S Wallet: Security
Security is of utmost importance when it comes to storing digital assets. CoinSpot Wallet and Ledger Nano S Wallet provide different levels of security.
CoinSpot Wallet provides two-factor authentication (2FA) and stores most of the assets in cold storage to prevent hacking attempts. The CoinSpot platform also has a history of no security breaches since its inception in 2013. However, storing assets on an online platform like CoinSpot Wallet does come with inherent risks.
On the other hand, the Ledger Nano S Wallet provides unparalleled security due to its hardware design. The device stores the private keys offline and never exposes them to the internet, making it virtually impossible for hackers to gain access to your assets. The Ledger Nano S also comes with a recovery seed phrase that enables you to recover your assets in case the device is lost or stolen.
CoinSpot Wallet vs Ledger Nano S Wallet: Supported Cryptocurrencies
CoinSpot Wallet offers support for over 200 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. It also supports a few Australian Dollar (AUD) pairs, making it easier for Australians to trade in their local currency.
The Ledger Nano S Wallet, on the other hand, supports over 1,500 cryptocurrencies. This includes popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash, as well as newer cryptocurrencies like Binance Coin, Chainlink, and Polkadot.
CoinSpot Wallet vs Ledger Nano S Wallet: User-Friendliness
User-friendliness is an important aspect of digital wallets, especially for beginners. CoinSpot Wallet has a user-friendly interface and offers simple navigation for buying and selling cryptocurrencies. The wallet also provides detailed information on the price, volume, and market capitalization of different cryptocurrencies.
The Ledger Nano S Wallet, while not as user-friendly as the CoinSpot Wallet, provides an intuitive user interface for managing cryptocurrencies. The device comes with a small screen and two buttons that enable you to navigate through the different functions of the wallet. However, setting up the device can be a bit of a challenge for beginners.
CoinSpot Wallet vs Ledger Nano S Wallet: Fees
Fees are an important consideration when choosing a digital wallet. CoinSpot Wallet charges a 1% fee for all trades, which is higher than the industry average. However, there are no fees for deposits or withdrawals.
The Ledger Nano S Wallet, on the other hand, charges a one-time fee for the device. There are no ongoing fees for using the wallet, except for the network fees charged by the blockchain when making transactions.
| Company | ||
|---|---|---|
| User rating | 16 user reviews | 4 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
About
|
Coinspot wallet is a special service provided by Coisnpot exchange. It provides a hot wallet for every coin its exchange is currently trading. Alongside with crypto, it also supports the Australian Dollar. Currently ,CoinSpot wallet has more than 60 coins and tokens. Built-in exchange is an additional feature of the wallet as well as 2FA for the additional security. The only language available is English.
|
Ledger Nano S Wallet is a hardware wallet, a flagship product of the Ledger company, that has been in the industry since 2014. More than 1.5 mln units were sold across the world.
|
Founding Date
| 2013 | 2019 |
Country
| Australia | France |
Languages
| English | English, Japanese, French, Spanish, Korean, Chinese, Romanian |
Wallet type
| Software wallet | Hardware wallet |
Storage type
| Hot wallet | Cold wallet |
Private keys
| Not available | Available |
Available coins
| 149 - Bitcoin (BTC), Basic Attention Token (BAT), IOTA (MIOTA), Tezos (XTZ), Ethereum Classic (ETC), NEO (NEO), VeChain (VET), OmiseGO (OMG), Qtum (QTUM), Verge (XVG), Lisk (LSK), ICON (ICX), Ontology (ONT), Bitcoin Gold (BTG), Zcash (ZEC), Nano (NANO), Populous (PPT), Bytecoin (BCN), Steem (STEEM), Wanchain (WAN), Siacoin (SC), Dogecoin (DOGE), Waves (WAVES), Zilliqa (ZIL), Decred (DCR), Aeternity (AE), Status (SNT), 0x (ZRX), Loopring (LRC), Komodo (KMD), Aion (AION), Golem (GNT), Ardor (ARDR), IOST (IOST), DigiByte (DGB), Ark (ARK), Waltonchain (WTC), aelf (ELF), PIVX (PIVX), Factom (FCT), Dragonchain (DRGN), Substratum (SUB), Mithril (MITH), Syscoin (SYS), Gas (GAS), Elastos (ELA), Voyager Token (VGX), FunFair (FUN), Nxt (NXT), Nebulas (NAS), Nucleus Vision (NCASH), OByte (GBYTE), ReddCoin (RDD), Revain (REV), WAX (WAX), SALT (SALT), Electroneum (ETN), MaidSafeCoin (MAID), Power Ledger (POWR), Zcoin (XZC), Enigma (ENG), Storj (STORJ), TenX (PAY), Neblio (NEBL), Cindicator (CND), Skycoin (SKY), Horizen (ZEN), Civic (CVC), SingularityNET (AGI), POA Network (POA), Nexus (NXS), GameCredits (GAME), Dent (DENT), Vertcoin (VTC), Quantstamp (QSP), iExec RLC (RLC), Decentraland (MANA), Polymath (POLY), Po.et (POE), Loom Network (LOOM), NULS (NULS), Enjin Coin (ENJ), Raiden Network Token (RDN), Metal (MTL), Arcblock (ABT), Pundi X (NPXS), SIRIN LABS Token (SRN), Bluzelle (BLZ), Genesis Vision (GVT), THETA (THETA), NavCoin (NAV), Gifto (GTO), Comet (CMT), AirSwap (AST), OST (OST), Scry.info (DDD), Ripio Credit Network (RCN), Streamr DATAcoin (DATA), Quantum Resistant Ledger (QRL), AdEx (ADX), UTRUST (UTK), Einsteinium (EMC2), Ambrosus (AMB), Groestlcoin (GRS), WePower (WPR), Peercoin (PPC), Crypterium (CRPT), USD Coin (USDC), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH), Bitcoin SV (BSV), Cardano (ADA), Cosmos (ATOM), Dash (DASH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Monero (XMR), NEM (XEM), Stellar (XLM), Tether (USDT), Tron (TRX), Polkadot (DOT), BitTorrent (BTT), Terra (LUNA), pTokens BTC (PBTC), Crypto.com Coin (CRO), Filecoin (FIL), FTX Token (FTT), Kusama (KSM), Algorand (ALGO), NEAR Protocol (NEAR), Ocean Protocol (OCEAN), Celo (CELO), Energy Web Token (EWT), Quant (QNT), Hedera Hashgraph (HBAR), Solana (SOL), Helium (HNT), IoTeX (IOTX), TomoChain (TOMO), Chiliz (CHZ), Ankr (ANKR), IRISnet (IRIS), SUN (SUN), Hive (HIVE), Unibright (UBT), Fantom (FTM) | 66 - Bitcoin (BTC), IOTA (MIOTA), Tezos (XTZ), Ethereum Classic (ETC), NEO (NEO), VeChain (VET), Qtum (QTUM), Lisk (LSK), ICON (ICX), Ontology (ONT), Bitcoin Gold (BTG), Zcash (ZEC), Nano (NANO), Wanchain (WAN), Dogecoin (DOGE), Bitcoin Private (BTCP), Waves (WAVES), Zilliqa (ZIL), Decred (DCR), Aeternity (AE), Komodo (KMD), Aion (AION), DigiByte (DGB), Ark (ARK), PIVX (PIVX), Factom (FCT), Elastos (ELA), Zcoin (XZC), Particl (PART), Kin (KIN), Horizen (ZEN), POA Network (POA), GameCredits (GAME), Vertcoin (VTC), Ubiq (UBQ), High Performance Blockchain (HPB), Quantum Resistant Ledger (QRL), Groestlcoin (GRS), Peercoin (PPC), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH), Bitcoin SV (BSV), Cardano (ADA), Cosmos (ATOM), Dash (DASH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Monero (XMR), NEM (XEM), Stellar (XLM), Tron (TRX), Polkadot (DOT), BitTorrent (BTT), Terra (LUNA), Crypto.com Coin (CRO), Binance USD (BUSD), Kusama (KSM), Algorand (ALGO), NEAR Protocol (NEAR), Celo (CELO), Energy Web Token (EWT), Hedera Hashgraph (HBAR), Solana (SOL), TomoChain (TOMO) |
Security
| No data | No data |
Anonymity
| No data | No data |
Ease of use
| No data | No data |
Has attached card
| No data | No data |
Has trading facilities
| No data | No data |
Has vouchers and offers
| No data | No data |
Features
| No data | No data |
| About |
Coinspot wallet is a special service provided by Coisnpot exchange. It provides a hot wallet for every coin its exchange is currently trading. Alongside with crypto, it also supports the Australian Dollar. Currently ,CoinSpot wallet has more than 60 coins and tokens. Built-in exchange is an additional feature of the wallet as well as 2FA for the additional security. The only language available is English.
|
Ledger Nano S Wallet is a hardware wallet, a flagship product of the Ledger company, that has been in the industry since 2014. More than 1.5 mln units were sold across the world.
|
|---|---|---|
| Founding Date | Founding Date 2013 | Founding Date 2019 |
| Country | Country Australia | Country France |
| Languages | Languages English | Languages English, Japanese, French, Spanish, Korean, Chinese, Romanian |
| Wallet type | Wallet type Software wallet | Wallet type Hardware wallet |
| Storage type | Storage type Hot wallet | Storage type Cold wallet |
| Private keys | Private keys Not available | Private keys Available |
| Available coins | Available coins 149 - Bitcoin (BTC), Basic Attention Token (BAT), IOTA (MIOTA), Tezos (XTZ), Ethereum Classic (ETC), NEO (NEO), VeChain (VET), OmiseGO (OMG), Qtum (QTUM), Verge (XVG), Lisk (LSK), ICON (ICX), Ontology (ONT), Bitcoin Gold (BTG), Zcash (ZEC), Nano (NANO), Populous (PPT), Bytecoin (BCN), Steem (STEEM), Wanchain (WAN), Siacoin (SC), Dogecoin (DOGE), Waves (WAVES), Zilliqa (ZIL), Decred (DCR), Aeternity (AE), Status (SNT), 0x (ZRX), Loopring (LRC), Komodo (KMD), Aion (AION), Golem (GNT), Ardor (ARDR), IOST (IOST), DigiByte (DGB), Ark (ARK), Waltonchain (WTC), aelf (ELF), PIVX (PIVX), Factom (FCT), Dragonchain (DRGN), Substratum (SUB), Mithril (MITH), Syscoin (SYS), Gas (GAS), Elastos (ELA), Voyager Token (VGX), FunFair (FUN), Nxt (NXT), Nebulas (NAS), Nucleus Vision (NCASH), OByte (GBYTE), ReddCoin (RDD), Revain (REV), WAX (WAX), SALT (SALT), Electroneum (ETN), MaidSafeCoin (MAID), Power Ledger (POWR), Zcoin (XZC), Enigma (ENG), Storj (STORJ), TenX (PAY), Neblio (NEBL), Cindicator (CND), Skycoin (SKY), Horizen (ZEN), Civic (CVC), SingularityNET (AGI), POA Network (POA), Nexus (NXS), GameCredits (GAME), Dent (DENT), Vertcoin (VTC), Quantstamp (QSP), iExec RLC (RLC), Decentraland (MANA), Polymath (POLY), Po.et (POE), Loom Network (LOOM), NULS (NULS), Enjin Coin (ENJ), Raiden Network Token (RDN), Metal (MTL), Arcblock (ABT), Pundi X (NPXS), SIRIN LABS Token (SRN), Bluzelle (BLZ), Genesis Vision (GVT), THETA (THETA), NavCoin (NAV), Gifto (GTO), Comet (CMT), AirSwap (AST), OST (OST), Scry.info (DDD), Ripio Credit Network (RCN), Streamr DATAcoin (DATA), Quantum Resistant Ledger (QRL), AdEx (ADX), UTRUST (UTK), Einsteinium (EMC2), Ambrosus (AMB), Groestlcoin (GRS), WePower (WPR), Peercoin (PPC), Crypterium (CRPT), USD Coin (USDC), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH), Bitcoin SV (BSV), Cardano (ADA), Cosmos (ATOM), Dash (DASH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Monero (XMR), NEM (XEM), Stellar (XLM), Tether (USDT), Tron (TRX), Polkadot (DOT), BitTorrent (BTT), Terra (LUNA), pTokens BTC (PBTC), Crypto.com Coin (CRO), Filecoin (FIL), FTX Token (FTT), Kusama (KSM), Algorand (ALGO), NEAR Protocol (NEAR), Ocean Protocol (OCEAN), Celo (CELO), Energy Web Token (EWT), Quant (QNT), Hedera Hashgraph (HBAR), Solana (SOL), Helium (HNT), IoTeX (IOTX), TomoChain (TOMO), Chiliz (CHZ), Ankr (ANKR), IRISnet (IRIS), SUN (SUN), Hive (HIVE), Unibright (UBT), Fantom (FTM) | Available coins 66 - Bitcoin (BTC), IOTA (MIOTA), Tezos (XTZ), Ethereum Classic (ETC), NEO (NEO), VeChain (VET), Qtum (QTUM), Lisk (LSK), ICON (ICX), Ontology (ONT), Bitcoin Gold (BTG), Zcash (ZEC), Nano (NANO), Wanchain (WAN), Dogecoin (DOGE), Bitcoin Private (BTCP), Waves (WAVES), Zilliqa (ZIL), Decred (DCR), Aeternity (AE), Komodo (KMD), Aion (AION), DigiByte (DGB), Ark (ARK), PIVX (PIVX), Factom (FCT), Elastos (ELA), Zcoin (XZC), Particl (PART), Kin (KIN), Horizen (ZEN), POA Network (POA), GameCredits (GAME), Vertcoin (VTC), Ubiq (UBQ), High Performance Blockchain (HPB), Quantum Resistant Ledger (QRL), Groestlcoin (GRS), Peercoin (PPC), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH), Bitcoin SV (BSV), Cardano (ADA), Cosmos (ATOM), Dash (DASH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Monero (XMR), NEM (XEM), Stellar (XLM), Tron (TRX), Polkadot (DOT), BitTorrent (BTT), Terra (LUNA), Crypto.com Coin (CRO), Binance USD (BUSD), Kusama (KSM), Algorand (ALGO), NEAR Protocol (NEAR), Celo (CELO), Energy Web Token (EWT), Hedera Hashgraph (HBAR), Solana (SOL), TomoChain (TOMO) |
| Security | Security No data | Security No data |
| Anonymity | Anonymity No data | Anonymity No data |
| Ease of use | Ease of use No data | Ease of use No data |
| Has attached card | Has attached card No data | Has attached card No data |
| Has trading facilities | Has trading facilities No data | Has trading facilities No data |
| Has vouchers and offers | Has vouchers and offers No data | Has vouchers and offers No data |
| Features | Features No data | Features No data |
Social
Website
| twitter.com | shop.ledger.com |
| CoinSpot | @Ledger |
| Website | Website twitter.com | Website shop.ledger.com |
|---|---|---|
| Twitter CoinSpot | Twitter @Ledger |
Advantages
| - Easy to use and secure - Trusted | - Security and safety - The possibility to verify and sign payments - Variety of assets |
Disadvantages
| - The platform can only be used by Australian residents - A deposit with a card has a 1% charges fee | - Ledger is a paid product - Can be difficult for beginners |
Rating
| User rating | User rating 16 user reviews | User rating 4 user reviews |
|---|---|---|
| Cryptogeek rating | Cryptogeek rating | Cryptogeek rating |
| Advantages | Advantages - Easy to use and secure - Trusted | Advantages - Security and safety - The possibility to verify and sign payments - Variety of assets |
| Disadvantages | Disadvantages - The platform can only be used by Australian residents - A deposit with a card has a 1% charges fee | Disadvantages - Ledger is a paid product - Can be difficult for beginners |
CoinSpot Wallet user rating is 4.3, based on 16 user reviews. Ledger Nano S Wallet user rating is 4.0, based on 4 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each wallet.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
CoinSpot Wallet vs Ledger Nano S Wallet: A Comprehensive Comparison
Cryptocurrencies are fast becoming a popular investment option and digital wallets are a necessity for securely storing them. In this comparison review, we will be taking a look at two popular digital wallets – CoinSpot Wallet and Ledger Nano S Wallet.
CoinSpot Wallet Overview
CoinSpot is an Australian-based cryptocurrency exchange that offers a mobile and desktop wallet for storing and trading cryptocurrencies. The CoinSpot Wallet is available for download on the App Store and Google Play Store. It offers a user-friendly interface, two-factor authentication, and access to over 200 cryptocurrencies.
Ledger Nano S Wallet Overview
The Ledger Nano S Wallet is a hardware wallet that provides an extra layer of security to store cryptocurrencies. It is a USB-like device that can be connected to a computer or smartphone to access your digital assets. The Ledger Nano S supports over 1,500 cryptocurrencies and provides a secure way to store and manage them.
CoinSpot Wallet vs Ledger Nano S Wallet: Security
Security is of utmost importance when it comes to storing digital assets. CoinSpot Wallet and Ledger Nano S Wallet provide different levels of security.
CoinSpot Wallet provides two-factor authentication (2FA) and stores most of the assets in cold storage to prevent hacking attempts. The CoinSpot platform also has a history of no security breaches since its inception in 2013. However, storing assets on an online platform like CoinSpot Wallet does come with inherent risks.
On the other hand, the Ledger Nano S Wallet provides unparalleled security due to its hardware design. The device stores the private keys offline and never exposes them to the internet, making it virtually impossible for hackers to gain access to your assets. The Ledger Nano S also comes with a recovery seed phrase that enables you to recover your assets in case the device is lost or stolen.
CoinSpot Wallet vs Ledger Nano S Wallet: Supported Cryptocurrencies
CoinSpot Wallet offers support for over 200 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. It also supports a few Australian Dollar (AUD) pairs, making it easier for Australians to trade in their local currency.
The Ledger Nano S Wallet, on the other hand, supports over 1,500 cryptocurrencies. This includes popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash, as well as newer cryptocurrencies like Binance Coin, Chainlink, and Polkadot.
CoinSpot Wallet vs Ledger Nano S Wallet: User-Friendliness
User-friendliness is an important aspect of digital wallets, especially for beginners. CoinSpot Wallet has a user-friendly interface and offers simple navigation for buying and selling cryptocurrencies. The wallet also provides detailed information on the price, volume, and market capitalization of different cryptocurrencies.
The Ledger Nano S Wallet, while not as user-friendly as the CoinSpot Wallet, provides an intuitive user interface for managing cryptocurrencies. The device comes with a small screen and two buttons that enable you to navigate through the different functions of the wallet. However, setting up the device can be a bit of a challenge for beginners.
CoinSpot Wallet vs Ledger Nano S Wallet: Fees
Fees are an important consideration when choosing a digital wallet. CoinSpot Wallet charges a 1% fee for all trades, which is higher than the industry average. However, there are no fees for deposits or withdrawals.
The Ledger Nano S Wallet, on the other hand, charges a one-time fee for the device. There are no ongoing fees for using the wallet, except for the network fees charged by the blockchain when making transactions.
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