Ledger Nano S: As we all know, there is no such thing as absolute security. However, the goal of hardware wallets is to make any potential attack more difficult and resource-intensive. Ledger Wallet Nano is no exception. This device is designed to render attacks impractical by raising the bar, and it is a great solution for users who desire a simple yet secure way to store bitcoin.
At €59.90, the Bitcoin Ledger Wallet Nano is great value for money. This means it will appeal to enthusiasts who want to hold bitcoin but don’t want to spend too much money on security. It’s not an expensive, specialized piece of hardware for the select few. This device is geared toward the everyday bitcoin user, because the setup and use of the Ledger Wallet is simple and easy to follow, even for those new to bitcoin. With such a low price for the amazing value that you get, it would be hard for the KeepKey and even the Trezor to compete.
It is small, easy to carry and can fit on a keychain and the security card in practically any physical wallet, which makes the Ledger very practical. If you lose either component, you can use your mnemonic seed to recover your wallet. I strongly advise that you should take look at the Nano S if you do not have a lot of Bitcoin or other cryptocurrency.
Play a bit with the Ledger and get the hang of it, if you unplug it and plug it in again you’ll need to enter your PIN code that you chose in step one of this course. This is how you will access your Ledger from now on, there is no need to enter the 24 word passphrase, only enter your PIN. Your 24 word passphrase is safely secured in the Ledger device itself.
The Ledger Wallet’s Paris-based team says that many improvements are in the works, including a Smartphone application instead of the security card, to confirm the destination address, as well as features for use of multiple accounts.