Simple Guide to the Best Nano Wallets in 2024
If you are not sure where to store NANO coins, we have got you covered as we have prepared a complete list of the top wallets that support this cryptocurrency. Wallets, in general, are just a piece of software that contains a set of keys, public and private, which are used to receive and access your funds. I would like to assist you with the choice of it and show you not only what you can use, but the best ones out there.
01.The Best NANO Wallets
In the table below, I have listed what I consider the best Nano wallets based on some criteria along with their advantages and disadvantages. In order to make the right choice, I recommend checking out their reviews that are attached to each one. This way you will receive all the information regarding their features, functionality and if they fit your personal needs.
| Type | Name | Compatibility | Supported Coins | Features | Get Wallet |
|---|---|---|---|---|---|
| Desktop Wallets | Full Nano Wallet Review |
NANO only |
-HD Wallet -QR Scanner -Open-Source |
Download | |
| Full Nanollet Review |
NANO only |
-HD Wallet -QR Scanner -Manual Representatives |
Download | ||
| Hardware Wallets | Full Ledger Nano S Review |
80+ Coins 1100+ Tokens |
-HD Wallet -Manual Representatives -Open-Source |
See Pricing | |
| Mobile Wallets | Full Nano Wallet Review |
NANO only |
-HD Wallet -QR Scanner Manual Representatives |
Download | |
| Full Natrium Review |
NANO only |
-HD Wallet -Manual Representatives -Open-Source |
Download | ||
| Web Wallets | Full Nano Vault Review |
NANO only |
-HD Wallet -Manual Representatives -Open-Source |
Visit Website | |
| Web Wallets | Full NanoWallet Review |
NANO only |
-Manual Representatives -Open-Source |
Visit Website |
Complete List of Nano Wallets
In the case that you have not chosen anything from the previous section or just want to look at all of your options first, I will give you that as well. Here is a complete list of all wallets that support Nano again with some criteria that you can use to roughly go over them. You could choose some options and read the Nano wallet reviews too, as the more you know, the more informed of a choice you can make.
| Name | Type | Compatibility | Supported Coins | Security | Key Features |
|---|---|---|---|---|---|
| Nano | Desktop, Mobile |
NANO only |
Pin Fingerprint |
-HD Wallet -QR Scanner -Open-Source |
|
| Canoe | Desktop, Mobile |
NANO only |
Pin Fingerprint |
-QR Scanner -Manual Representatives -Open-Source |
|
| Crypto Key Stack Hardware Wallet | Hardware | – |
1000+ Coins |
– |
-HD Wallet -Cold Storage -Fireproof, Waterproof, EMP Proof |
| Exodus | Desktop, Mobile |
25 Coins 79 Tokens |
Passphrase Fingerprint |
-QR Scanner -Built-In Exchange | |
| Ledger Nano S | Hardware |
80+ Coins 1100+ Coins |
Passphrase Pin 2FA |
-HD Wallet -Manual Representatives -Open-source |
|
| Ledger Nano X | Hardware |
80+ Coins 1100+ Coins |
Passphrase Pin 2FA |
-HD Wallet -Manual Representatives -Bluetooth Connectivity |
|
| Nano Blocks | Mobile |
NANO only |
Passphrase Fingerprint |
-HD Wallet -Manual Representatives -Open-Source |
|
| Nanollet | Desktop |
NANO only |
Passphrase 2FA |
-HD Wallet -Manual Representatives -Nano Alias |
|
| NanoVault | Desktop, Web |
NANO only |
Passphrase |
-HD Wallet -Manual Representatives |
|
| Natrium | Mobile |
NANO only |
Passphrase Fingerprint |
-HD Wallet -Manual Representatives -QR Scanner |
As you can see there are not many options for Nano wallets, but enough to suit the needs of most users and hopefully your as well. All of the wallets support only Nano, while the Ledger Nano S, X and Exodus can support a plethora of other coins. Let’s continue on and explore the most common features that they all share.
02. Common Features of Nano Wallets
Most of the wallets that do support Nano, are more or less official ones and support only Nano coins. They do share some common features like being Hierarchical Deterministic. That feature allows the wallets to generate a twelve-word master seed key, from which pairs of private and public keys can be generated for each transaction if you would like. While on the other hand, Ledger is maybe one of the most secure and trusted wallets that can be found on the market currently, but it is not an official one for NANO. In general, all of the wallets provide great safety for your Nano coins and support for all popular operating systems like Windows, iOS, MacOS, Android and Linux.
Security and Privacy
Some of the most sought-after features for any wallet are the security and privacy that it can provide for its users. As I mentioned earlier the main feature that all wallets share is being HD. That twelve-word seed brings a sophisticated layer of security and ease of backing up your wallet. All you need to do is back up the seed itself and then with its recovery, it will recover all funds from all addresses you have, as they are always connected to it. With the HD function of creating as many key pairs as you want, you can always have a different set for every transaction, giving you a more private way of exchanging Neon.
Alternatively, if you choose that Ledger will be your wallet of choice, it provides, in my opinion, the best security you could ask for. The device itself resembles a standard USB stick and it has no operating system installed on it. This removes the risk of malicious hacking attacks, viruses or keyloggers. Nano S can also receive coins without the need for it to be plugged in the computer, as long as you have your public key.
Secure Nano Wallets To Consider
Transaction Fee Management
It is always a good idea to be aware of the transaction fees on the network and be able to manage them. Fortunately, on the Nano network there are no such fees. Transactions are 100% free for all. The cost of a transaction can be calculated by taking into consideration how much the electricity would cost for the validation, as there are no fees. The only “resource” needed in order to send a transaction to the network is for the wallet to provide it’s own “Proof-of-Work” for the transaction.
03.FAQ
-
How does Nano work?
Nano is quite a unique network. Instead of having its own blockchain, it uses a block-lattice structure. Accounts on the network have their own blockchains, also called account-chains, that are matching the transaction history of the account. The account-chain is automatically updated after every change in the transactional history and synced to the whole network.
-
If I own a business and want to accept Nano payments, what should I do?
Well first, you will need to have a representative node running constantly, which, fortunately, is quite cheap. After that, you will be able to use the network and adopt Nano payments for your business.
04.About Nano
Formerly known as Raiblocks, Nano is a cryptocurrency that focuses on providing financial solutions to both everyday users and businesses. It boasts with instantaneous transactions, zero transaction fees, and exceptional scalability. How fast is it really? Well compared to the maximum transactions per second that the Bitcoin network can take, Nano can do about a thousand times that in a second.
The most unique aspect of Nano is that it doesn’t have a standard blockchain like other cryptocurrencies, but a block-lattice structure. There, every wallet has its own chain and it is scaled proportionately to the account’s transactional history. Each user uses their own computational power to support and confirm transactions in their own chain. Those chains are updated automatically and synced with the network.
The instantaneous transactions are actually due to a feature of the wallets. They prepare the anti-spam PoW mechanism for the next transaction after they complete the previous. This way, as soon as new input is entered, the wallet has already prepared everything for the transaction to be carried out with lighting fast speed.