Ledger Wallets (Ledger Nano S and Ledger Nano X) have a reputation for being one of the safest places to store your cryptocurrency. These common cryptocurrency hardware wallets have a sleek design and an interactive screen to make transactions as easy as possible. Ledger is now one of the most well-known brands available. As a result, the company has millions of users all over the world.
The Ledger Nano X Wallet's Advantages
To provide safe solutions for blockchain applications, Ledger began developing wallets. The business adds more functionality and protections to its initial wallets (Ledger Nano S). Despite the inclusion of new features, the operation of these wallets remains very simple. One of the most appealing aspects of Ledger's goods is their simplicity.
Dimensions
All Ledger wallets are designed to be compact and lightweight, making them easy to store. Most people will mistake a ledger wallet for a standard USB stick because they look too close. Because of its small size, you can easily take your ledger wallet with you or store it in a discreet position.
Long-lasting
Despite their diminutive size, Ledger wallets have a reputation for being tough. They're built to endure a reasonable amount of physical violence. To ensure the protection of your investment, it is not recommended that you misuse any of your crypto hardware wallets.
Security
Ledger has a spotless track record when it comes to encryption. As a result, the platform is ahead of the market. Ledger's code is also available on Github, where it has been reviewed by security experts countless times. A combination of a 24-word recovery phrase and a security pin secures the platform.
New Coins
The Ledger team is constantly adding new coins to its hardware wallet's supported list. In terms of functionality, each new currency increases the product's value. Ledger wallets currently support 27 coins and more than 1500 ERC-20 tokens. This list is updated on a regular basis by the organization.
Streamline
The integrated fiat onramp is another significant benefit of using a Ledger Nano X hardware wallet. The hardware wallet's interface allows you to purchase coins directly. To use this function, you must first complete a full KYC with Coinify, the network that provides Ledger with these services.
Staking
Users of the Ledger Nano X will stake their coins without leaving the protection of their hardware wallet. Tezos (XTZ), Tron (TRX), Neo (NEO), Cosmos (ATOM), EOS (EOS), and Algorand (ALGO) are among the cryptocurrencies supported by Ledger wallets (ALGO).
Customer Service
For Ledger, customer support has always been a top priority. The platform provides live chat and email support. You can also contact the Ledger via his social media accounts, which include Twitter, Facebook, and YouTube. The response time of the customer service team is normally less than 24 hours.
How Does It Work?
The Ledger Nano X hardware wallet is capable of far more than just storing, sending, and receiving cryptocurrency. It blends a lot of cool features in a safe and easy-to-use way that even a newbie can use. The following are some of the features that make the Ledger Wallet so useful.
Ledger Nano X wallets are simple to set up. Make a pin code and write down your 24-word recovery phrase. This seed phrase should be copied several times, according to Ledger. There have been reports of investors' homes being burned down or flooded, resulting in the loss of this valuable information. Your crypto will be lost forever if you lose your seed word.
Ledger Live
The strong Ledger Live interface is available to all Ledger Nano X users. This program is a great match for the hardware. Using the interactive interface, you can conveniently access all of your coins and tokens. Coinify's interface also allows it simple to purchase cryptocurrency in a safe manner. Best of all, your latest crypto will be saved on your computer automatically after purchase.
Coinify
The integration of Coinify with the Ledger network adds a lot to the network. Users must be able to purchase coins in a safe manner. The ability to perform this task directly from your hardware wallet is a major selling point for the platform. Currently, the network allows you to purchase Bitcoin, Bitcoin Cash, Ethereum Dash, Stellar, and USDT.
Hidden Wallet
The secret wallet function is another standout feature of the Ledger Nano X. This feature allows you to generate a pin code to mask the amounts in your real wallet address. When you open the client, you can choose from a variety of wallet interfaces.
The idea is straightforward. Home invasions and crypto kidnappings have never been more common. To deceive your captures, the device allows you to create a dummy account with a lower balance. In the best-case scenario, they would believe they have emptied your account and will leave you alone.
Of course, you can conveniently access your hardware wallet after the fact to recover any funds you might have forgotten about. This is a fantastic feature that could have saved some investors a lot of grief and money. They'll have no idea you've hidden a completely different wallet address on the device.
Where Can I Get a Ledger Nano X Wallet?
You should still purchase your Ledger Nano X from the maker! Never buy a hardware wallet from a third-party vendor like Amazon or a second-hand shop like eBay. There have been a number of reports of people getting tampered devices, which allowed hackers to drain their wallets once they were loaded.
If you want to monitor your computer from your smartphone, you'll need to download the Ledger Live app from the App Store or Google Play. A web edition is also available for download. This is one of the safest cryptocurrency wallets accessible. However, depending on how often you intend to exchange your cryptocurrency, it might be less convenient.
Conclusion
Few companies can match Ledger's outstanding results. The company continues to provide creative, functional, and safe goods. At this time, the company also has a nice line of affordable wallets. As a result, Ledger is set to remain the market leader in hardware wallets for the near future.