Ledger Nano S, Cryptocurrency Hardware Wallet Reviewed
Safety is one of the main concern in using cryptocurrency wallets. Hardware wallets, like the Ledger Nano S, are physical devices, which store your private keys offline in a safe environment. Ledger is a Bitcoin and Altcoins hardware wallet, which has strong safety features for keeping cryptographic assets secure. When you hold cryptocurrencies, you need to keep your private data and the access to your funds. With Ledger Nano S, your private keys are not exposed to anyone and the sensitive processes are isolated inside your hardware. There is no way to tamper transaction; they are embedded screen with a simple press of a button.
How Does Ledger Nano S Guarantee Security
It is very easy to hack PCs and mobile phones. Hackers are able to hack multi-million dollar servers (big computers), and then smaller structures are defenseless. The Ledger has a distinct chip and display for alleviating the possible safety defect of some apps taking casual screenshots of mobile and laptop displays. While using any Bitcoin wallet, one essential thing it is important to note down the seed key or retrieval phrase. When this recovery phrase is visible on the screen of mobile or computer, it becomes vulnerable to hacking.
The user interface offered by Ledge Nano S is designed with a fluid user experience in mind. Using a wallet is similar to using most of the hardware wallets in the markets, and the process is straightforward. When the hardware wallet is set up for the first time, the user needs to select a pin code. After this, it provides the user with a 24-word seed, which is not used in creating private keys.
The first setup takes around three minutes. Writing down the seed to save it in a safe place will take the most time. Once the device has been set up, users will have to install the apps essential to use the device dependent on the digital currency of choice. Investors use this app to either send or receive currency- they have no purpose in helping the wallet to store your coins.
When it comes to compatibility, Nano S is a better choice, since it connects to any computer, being compatible with Chrome OS, Windows, Linux, and Mac. This means that you can control your wallet from the same device, whether you want to make payments or see your account.
A large Selection of Coins
Ledger Nano S supports 23 currencies, which includes, Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Bitcoin Gold, Litecoin, Dogecoin, Dash, Stratis, Komodo, Ripple, Ark, Expanse, Ubiq, Vertcoin, Viacoin, Neo, Stealthcoin, Stellar, Hcash, Digibyte, Qtum and PivX.
The list of cryptocurrencies supported by the Ledger Nano S is one, which keeps updating from time to time. The prevalent cryptocurrency wallet is reliable and has a popular name. While there are some popular currencies, which are not yet, supported by the wallet at the moment. The apps provided by Ledger have a very nice and slightly design which makes using them a pleasant experience. Overall The Ledger Nano S has a great design with a simple layout which makes it one of the most user-friendly hardware wallets at the moment.