Best Ledger Wallet To Keep Your Crypto Safe During Hard Times
During these hard times you need to feel safe if you own any cryptocurrencies. Until now, cryptocurrencies exchanges were considered relatively safe, with some, of course, going bankrupt in the past. They have their advantages, but also disadvantages or risks and you should be aware of all of them.
Not your keys, not your cryptocurrency. What does it mean? Basically, it means that another party is keeping your cryptocurrencies on your behalf. This should be ok, as long as they don’t use the funds they should keep safe to “gamble” and risk losing all the users’ assets. So, if you plan on trading or staking there is a risk in keeping those funds on exchanges but it’s a risk some are willing to take in order to make profit.
On the other hand, if you aren’t interested in trading or staking and are a long term investor or holder, then you should keep your cryptocurrencies safe into a so called “cold storage wallet”. There are lots of things to talk about on the subject, but for the purpose of this article, we will talk about hardware wallets and namely Leadger.
Leadger’s story begins in 2016 and they are now one of the best manufactures of hardware wallets, and combined with their app, they found one or maybe the best way to keep your cryptocurrencies safe, while having access to it at any given time.
When you own cryptocurrencies, what you really own is a “private key” that gives you access to your coins. You should be the only one in control of this key – and you need to keep it secure.
A Ledger hardware wallet, combined with the Ledger Live app, is the best way to secure your crypto and NFTs. Your hardware wallet keeps your private key protected at all times in a certified secure chip. Nobody can access it except you. Any transaction must be verified on the device’s trusted display and physically confirmed by you.
Your wallet also gives you the freedom to manage your cryptocurrency on your own. With the Ledger Live app, you can buy, exchange and grow your crypto securely – in one app.
The brilliant association of those two elements brings you the satisfaction of real ownership – in simple words, the Ledger ecosystem enables you to be the only one in charge of your money.
They have two main products and different accessories and product bundles that you can check on their website.
They both have the same main specifications:
CryptoAssets: you can store Up to 100* apps installed on your device, among 5,500+ compatible crypto assets *depending on app size
Wallet: Manage over 5,500 coins and tokens with the Ledger Live app, from your computer or smartphone (Android and iOS). Other: Compatible with 50+ wallets
Security: Certified secure element (CC EAL5+), Independently certified by ANSSI, Pin Code: Backup 24-word recovery phrase
You can check all of them on they comparison page.
The biggest difference being that the LEDGER NANO X has Bluetooth connectivity and is more mobile friendly with an 8 hours battery in standby mode.
We thank you for your time and we hope this article was helpful. Stay safe.
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Disclaimer: Opinions expressed here are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. We do not recommend the buying or selling of any cryptocurrencies or digital assets, nor are we investment advisers. Do your own research. Consult a professional investment adviser before making any investment decisions! Our articles are for entertainment only! We participate in affiliate marketing.