![]() ![]() Bottom line, I think the Ledger Nano S wins this category as well. Coin Supportīoth devices support around 1000 coins and tokens however TREZOR’s interface doesn’t support many directly (meaning you’ll need to use a 3rd party wallet). So while this is not a main issue I’d still say the Ledger Nano S wins this category. Designīoth items are small and fit into your pocket, however the Ledger Nano S is a bit smaller and feels a little more durable due to its metal casing. The items are almost identical in what they offer so in this section I’ll try to see who wins this close race. The main competitor to the Ledger Nano S is the TREZOR One. This makes the Nano S one of the most affordable hardware wallet on the market compared to wallets like the TREZOR One and KeekKey. The Ledger Nano S sells for $59 (VAT excluded). coins used in ICOs) need alternative software connected to the Ledger to send and receive them (e.g MyEtherWallet, M圜ryptoWallet).įor a complete list of supported crypto assets visit this page. Monero, Binance Coin) and mainly ERC-20 tokens (i.e. Here’s a list of the top supported coins: The main coins can be sent / received via the Ledger Live software interface. The Ledger Nano S supports over 1000 coins and tokens. ![]() Here’s a complete review of how the device works done by BTC Sessions on YouTube:Ĥ. The Ledger Nano S can also be used to secure existing software wallets such as M圜ellium, Electrum, MyEtherWallet and more. The Ledger Live interface is super intuitive and doesn’t require any manual to get the hang of it. A desktop app that allows you to interface with the device (i.e. Once the device is set up, all that’s left is to install Ledger Live. This is exactly why the seed words are shown on the small screen on the device that is tamper proof, so you know that only you can see your seed. If your computer is compromised, a hacker will be able to see the seed if it was displayed on your screen. This seed creation is one of the places where the second screen comes into play. Most of the time is spent on writing down your seed. The initial setup of the device is pretty simple and takes about 3 minutes. The Ledger Nano S has two buttons that allow you to control it. A good suggestion would be to write this seed down using a Cryptosteel device. This seed should be written down in a safe place and NOT on your computer, as whoever knows this seed has control over your Bitcoins. Later, you will receive a 24-word seed phrase that acts as your private key. When you first plug it into your computer and set it up you will choose a PIN to protect the device from unwanted access. The way the Ledger Nano S works is pretty similar to any hardware wallet. It fits pretty easily into your pocket or hand. ![]() It also has a metal casing which makes it more durable compared to other hardware wallets. The company has raised over $85m in 4 rounds of investments. Among their products – the Ledger hardware wallets line, already sold in 165 countries. They specialize in developing a variety of products and services to safeguard cryptocurrency assets for individuals and companies. Headquartered in Paris, Vierzon and San Francisco, Ledger has a team of over 130 professionals. This way, if hackers gain control over your computer, they still can’t do any harm since they require access to the physical device connected to your computer as well.įor more information about Bitcoin wallets watch this video.įounded in 2014, Ledger is a leader in security and infrastructure solutions for cryptocurrencies and blockchain applications. Most hardware wallets also use a second screen/device to verify actions on your wallet such as signing transactions. The way hardware wallets achieve maximum security is by storing your private key and signing your Bitcoin transactions offline so someone trying to “hack” your wallet remotely won’t be able to do so. ![]() They allow you to send and receive Bitcoins from any computer, even one that is compromised with malware, with the assurance that your transaction will still go through as intended. Hardware wallets are probably the most robust form of security you can have for your Bitcoins or any other cryptocurrency. If you want a detailed review of the wallet, keep on reading, here’s what I’ll cover: Its price tag is extremely attractive and all in all, I couldn’t find anything bad to say about it. The Ledger Nano S gives users high security for their coins, via an easy to use interface. The Ledger Nano S is a popular cryptocurrency hardware wallet that supports a wide variety of coins. ![]()
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