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Is the ledger nano s still a safe bet for wallets?

Ledger Nano S | Users Recommend Alternatives Amid Support Concerns

By

Samantha Greene

Jun 4, 2025, 03:33 AM

Edited By

Olivia Chen

Updated

Jun 4, 2025, 10:38 PM

2 minutes reading time

A Ledger Nano S hardware wallet alongside other cryptocurrency wallets, highlighting options for secure storage.
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Heightened Alarm Over Expiring Support

With a significant number of Ledger Nano S users expressing concern over the device's discontinued support, the urgency to find alternatives has intensified. As of June 2025, many are left wondering about the safety of their investments in light of these developments.

Users Voice Their Fears

A prevailing sentiment among users reveals fear for the future of their assets. One user lamented, "I thought the S would last forever," reflecting a broader sense of betrayal following the support announcement. Some users report that their devices are still functioning well, while others predict looming challenges.

Essential Community Insights

  1. Replacement Options: Alternate storage solutions surfaced in discussions. One individual suggested using software wallets or platforms like MetaMask, stating, "Can one just replace the nano s with a software wallet to get the coins out?" This suggests a proactive approach to managing funds amid uncertainties.

  2. Current Functionality: Interestingly, one user noted, "It seems to be working atm," highlighting an ongoing debate about the remaining functionality and support timeline of the Nano S. Many are calling for clarity from forum experts to better gauge their next steps.

  3. Impact on DeFi: Concerns about decentralized finance (DeFi) platforms' susceptibility in the wake of these changes were raised. One community member noted, "I expect DeFi will have been affected," pointing to the interconnectedness of wallets and DeFi usability.

Time to Reassess Crypto Safety

As the tension in the community grows, voices call for immediate action. Many are now exploring transition paths not just to the Nano S Plus, but also considering software wallets as backup options for accessing their assets.

"All electronic devices have a shelf-life," one user warned, underlining the importance of adapting to evolving tech environments.

Key Observations

  • Shift to Software Wallets: Some users are exploring software wallets as potential alternatives.

  • DeFi Anxiety: The impact of discontinued support on decentralized finance may be significant.

  • Ongoing Functionality: Current statements indicate some users believe their Nano S remains operational for now.

As we look ahead, this discourse points to a critical juncture for users navigating the challenges of obsolete technology in the fast-paced world of cryptocurrency. Will they adapt in time, or will the fading support leave them vulnerable? The choice lies with them.