Ledger Nano Crypto Wallet
Launched in 2014 by experts in embedded security, cryptocurrency, and entrepreneurship, the Ledger Company is a fast-paced, growing company that develops security and infrastructure solutions for cryptocurrencies and blockchain technology. Their Ledger Nano X and Ledger Nano S product line offers a premium cryptocurrency wallet that helps keep your crypto wealth as secure as possible. Store your keys offline on an actual physical device, keeping your investments safe from cyber attacks.
Ledger Nano X
Whenever you transact using cryptocurrency, what you really own is a private key meant for your use that allows you to access your coins in the digital space. While you cannot physically own your coins, you can keep your key secure and safe and while hot wallets are an easily accessible option online, you may want to look into cold storage for the added security. Ledger Nano X stores chainlink, Bitcoin and other cryptocurrencies, while their Ledger Live app allows you to manage your crypto assets on the go.
Main Benefits of Ledger Nano X:
- Mobile-friendly, thanks to its Bluetooth connection
- Simple and easy to use thanks to its larger screen
- Industry-leading security with a certified secure chip (CC EAL5+)
- Secure and manage your cryptocurrencies by installing up to 100 apps at a time
- Getting a Ledger Nano X discount code can help you acquire this wallet at a more attractive price point
Ledger Nano S
As one of the most popular hardware crypto wallets, Ledger Nano S easily allows you to store and manage your crypto all in one place at a lower price point compared to other premium options. Ledger Nano S stores Holochain, Icon and other currencies in a secure, encrypted hardware that helps keep your funds safe from network attacks and even phishing scams for your peace of mind.
Main Benefits of Ledger Nano S
- Best-selling crypto wallet, with over 2 million+ units sold
- Simple and easy to use for beginners
- Certified secure chip (CC EAL5+) for industry-leading security
- Easy management of your crypto investments by installing up to 3 apps at a time
So which wallet should I choose?
It depends on you. Both offer very good protection and security for your crypto-assets. This will eventually depend on what you’re looking for and how much you’re willing to allocate. Ledger Nano X’s price can be quite high depending on what you’re looking for but it does offer a lot more features and apps to help with your trading. On the other hand, the budget Ledger Nano S might be sufficient enough for your day-to-day use if you don’t intend to make full use of all your apps.
Benefits of storing your Cryptocurrency with Ledger:
Secure storage for your cryptocurrency
A Ledger hardware wallet, combined with the Ledger Live app, is a great option to store, manage, and secure your cryptocurrencies, allowing you to manage them from anywhere. With Ledger, you’re able to manage over 1800+ crypto assets, using one of the most popular cold wallet options in the market, with over 3 million+ sales.
Gain Financial Freedom
While your crypto investments remain in the digital space, you can have the peace of mind of knowing that your own private key is secure and safe from cyber attacks. This allows you to trade and buy other cryptocurrency without worrying about the risk, jumpstarting your path towards financial freedom.
One-stop-shop for all your Crypto Needs!
Thanks to the Ledger Live app that comes with your own wallet, you can gain access to multiple crypto services through your smartphone or desktop. The app allows you to do most of the necessary work:
- Buy-and-sell cryptocurrency such as Bitcoin, Ethereum, and other currencies, including selling Bitcoin for fiat currencies should you need it.
- Grow your assets by staking your coins or lending digital assets to help generate interest, increasing your investments further.
- Exchange one currency for another in order to gain more value or maybe try out a different asset or even to diversify your crypto investments.
- Stay in control at all times. Check your balance and manage your funds directly all in one app.
Industry-leading Security
Ledger is the first hardware wallet certified by the ANSSI, the French cyber security agency. Ledger’s certified chip is designed to host secure cryptographic data and withstand even sophisticated attacks. They also offer their own custom OS in order to help isolate apps from each other while their own genuine check authentication makes sure your device isn’t tampered by any third party entity.
Join Ledger’s growing community of over 2 million+ users and a robust team of crypto experts ready to provide customer support.
FAQ
Yes. If you’re looking to purchase more than one device or if you’re looking to get started with Crypto for the first time, you can get some bundle deals from Ledger. Their Crypto starter pack will also add a Crypto Beginner’s Guide PDF in order to help you get started.
You can also get a Ledger Family Pack S in case you’re thinking about introducing other investors who are interested in hard wallets. The bundle already holds 3 Ledger Nano S devices, making it a good bang for your buck.
Cryptocurrency works with cryptography to encrypt and decrypt information, requiring 2 different yet related keys: a public key and a private key. Anybody can send you encrypted information through the public address associated with the private key that you have. But only the private key can unlock or decrypt the information sent. This is why you need to keep this secure. It proves that you are the owner of the funds. Lose your private key, and you lose your funds.
Using a hard wallet to store your private key makes it less susceptible to cyber attacks and this is where Ledger’s products come in. The wallets possess a certified chip designed to withstand sophisticated attacks. These Secure Elements (SE) are cryptographically protected, similar to passports and SIM cards, keeping your private keys safe and isolated.
Yes. You do get a Recovery Phrase or Seed Phrase, which is usually a 24-word recovery phrase, to backup your private keys. It’s directly linked to your key and funds and will remain the same even if you switch to another device. They are randomly generated by your hardware wallet during initialization.
This is the only time they’ll be on display so do not share, or lose those 24 words ever. Carefully write it down and secure that note, preferably not online. Ledger Wallet will provide a Recovery Sheet, which is a physical card designed to store these words.
