- Built-in screen for validation
- Multi-Currency support
- Portable and Malware proof
- Reputable Wallet
- Hardware wallet for better security
- Long 24 word seed phase
- Limited storage
- Doesn't support as many cryptocurrencies as others
- Questions over Ledger's brand (not product) security after hack
- Multi-crypto support
- Multi-apps support
- Display panel
What is Ledger?
Ledger launched their first hardware wallet - the Ledger Nano S - in 2014. The brand is a collaboration by eight experts with complementary backgrounds in embedded security, cryptocurrencies and entrepreneurship. They share a vision of creating secure solutions for blockchain applications.
With over 1.5m Ledger wallets already sold in 165 countries, the company aims at securing the new disruptive class of crypto assets.
The Ledger Nano S is their entry level offering to hardware wallets, and even as a cheaper option, it's a great choice.
The Ledger Nano S might not support as many currencies or apps as the more expensive Nano X, but for newer traders and investors, the security it offers is still quite complete.
The Nano S looks like a small thumb drive and connects to Ledger's proprietary software - Ledger Live - through a small USB cable provided on purchase.
Setup is very simple and you can get a safe, cold wallet up and running to secure your crypto in as little as 30 minutes.
Whilst this doesn't have the full support more premium hardware wallets offer, for traders and investors who act on the more well established currencies and are not too bothered about alt coins will find the Nano S a very good addition for security.
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