If you are looking for a suitable hardware wallet, then you may have come to the right place. We will be having a closer look at Ledger Nano. This hardware wallet for cryptocurrency is becoming quite popular with each passing day and therefore it would be a good idea to consider the next few lines as a reliable ledger nano S review. It will be useful for readers and those who are considering choosing the right hardware that is reliable and proven over a period of time. Without wasting any further time, we are straight getting into the review of ledger nano s.
Some Basic Information
Ledger Nano S was founded in the year 2014 and over the year it has become a leader in infrastructure in security solutions as far as cryptocurrencies and blockchain applications are concerned. The firm is headquartered in Paris, and has offices in San Francisco and a few other places. It is run efficiently by a team of 130 professionals. The company has been able to raise over $85 million in 4 rounds of investments.
What Makes This Application Quite Unique
The first thing that impresses this hardware wallet is that it is small and extremely compact. It comes with a metal casing and this goes a long way in protecting the hardware from damage and hard drops and other such events. It is small and therefore it can easily fit into your pocket or hand. It works almost the same way as any other hardware wallet. It will start only when you select a PIN to protect the entire hardware wallet from unauthorized and unwanted access. Once this has been done you will also receive a 24 word seed phrase and this becomes the private key of the customer. The seed obviously has to be kept in a safe place and it should not be disclosed to anybody.
It also comes with 2 buttons and these are the ones that allow you to control the entire device. The entire setup is quite easy and should not take more than a few minutes after which you are all ready to use it easily and continuously. We would also like to point out that this device can also be used with other existing wallet software. Therefore this makes it versatile and broad-based as far as the users are concerned.
It Stores A Number of Coins
There is one more positive takeaway as far as Ledger Nano S is concerned. it is indeed gratifying to know that the hardware wallet support more than 1000 coins and also tokens. Since the list is quite bit, the best way to know more about it is to visit the official site of Ledger Nano S. It is priced reasonably at around $60 and this excludes VAT. Many customers are of the view that it is one of the most affordable wallets in the market today.
To sum up, there is no doubt that Ledger Nano S is a wonderful hardware wallet and it helps users to receive payments and make payments quite comfortably, easily, safely and without being apprehensive of the security concerns. It does have some drawbacks but these are very few compared to the facilities and advantages that it offers.