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Nano S Plus comes with a tiny leaflet for writing down your 24 words. As such, it’s up to you to write down your recovery phrase and keep it somewhere safe. There’s no easy way to say this, but if you lose your recovery phrase, you’re screwed. You’d have to purchase a new hardware wallet and reinitialize it with your recovery phrase. If you lose your Nano S Plus, you need this 24-word phrase to regain access to your crypto. Each Nano S Plus device generates a unique set of 24 words - this is your recovery phrase. Next, I interacted with the hardware wallet to finish the setup I was prompted to create a PIN code. (opens in new tab) Sure, you purchase the Nano S Plus on Amazon, too (opens in new tab), but Ledger recommends purchasing it on its site because you're guaranteed an authentic, untampered hardware wallet. You can purchase the new hardware wallet on Ledger’s official website. As such, the CC EAL5+ certification ensures that the Nano S Plus' chip meets a certain security standard. Ledger hardware wallets use state-of-the-art Secure Element chips, high-end security solutions that protect sensitive data (e.g., passwords, SIM cards and credit cards). (opens in new tab) If the latter sounds like gibberish to you, it simply means that the Nano S Plus passed a Common Criteria security evaluation. The Ledger Nano S Plus comes with 1.5MB of storage, supports up to 100 crypto apps, and a CC EAL5+-certified chip. Paying a dollar short of $150 for a rudimentary device seemed ludicrous at first, but I concluded that it’s well worth the expense for cutting-edge crypto security (and the frequently updated “Ledger Live” companion app). Nano S face-off, a comparative analysis between the $149 Nano X and the $79 Nano S (now $59), I whined about their exorbitant price tags. Ledger Nano S Plus (Image credit: Future)