Getting To Know Ledger

Getting to know Ledger is quite simple and easy. Ledger Nano is an offline, cold-storage, hardware wallet for storing your Bitcoin, Ethereum and many other supported altcoins. This is the simplest way to explain the Ledger Nano wallet with a slight addition of the company claiming that the wallet is unhackable.

This was the main reason why they were shipping unsealed packages and got a lot of popularity over the years. Ledger is a hardware wallet and can be controlled with only two buttons. Navigating the menu is extremely easy and can be done with the left or right button. You can select a menu item by holding both of the buttons as simple as that. The wallet has a built-up huge list of supported coins that can easily and safely be stored on it and the company often updates the list for which you will get a notification.

The main point of security is the ability to store private keys offline. Of course, this was also the goal of the cold-storage hardware wallet Ledger Nano S.

This hardware wallet supports many currencies including the most popular ones such as ethereum, bitcoin, and litecoin. You can create a few addresses for each currency. While getting to know Ledger, you will see it’s fairly easy to use, all you need to do is confirm a transaction and hit a real button. Ledger Nano is one of the most popular and trustworthy hardware wallets. You can also use apps to connect them with your wallet and backup your data to other devices. This is believed to the best hardware wallet in the crypto community mainly because the users prefer hardware devices that guarantee their safety of storing funds. Ledger is also popular because it is accessible and affordable for most of the users.