Kakashi2020 Posted January 16, 2021 Share Posted January 16, 2021 Type of wallet: Cold Wallet Purchase cost: $119 Incorporated exchange: No The Ledger Nano X is the second generation hardware wallet from Ledger, a French company that has been involved in the cryptocurrency space for several years. Ledger’s first product, the Ledger Nano S, was one of the first hardware wallets on the market and dominated the space for a number of years. Ledger recently experienced serious hacks that revealed detailed customer information including names, phone numbers, email addresses, and even home addresses in some cases. Though this does not affect people's private keys, it has led many to question the integrity of Ledger's internal security measures. The Nano X resembles a USB drive and connects to your device via USB or Bluetooth. This means that you can connect the wallet to your iOS or Android device and do not need a computer. It supports well over 1,500 cryptocurrencies. This list continues to grow each year as the community asks for support for their favorite cryptos. While the device itself is a cold storage hardware wallet, the Ledger team has created the Ledger Live software that provides a user interface for all your holdings. This gives users the ability to add new wallets for different cryptocurrencies to their devices and manage their portfolios. Ledger hardware wallets have been, and currently are, the most popular in the industry. The Ledger also comes with a USB Type-C cable so that it can be connected to either a desktop computer or a smartphone if preferred over Bluetooth. Pros Ledger Live has an intuitive and convenient user interface Can have up to 100 different apps stored simultaneously Open-source software with the added benefit of customer and community support Convenience of Bluetooth connectivity Cons Some in the crypto community believe Bluetooth integration to be another potential vector of attack, though USB is still an option Bluetooth feature adds convenience but is not as smooth as it could be Ledger devices only allow you to store a certain number of wallets simultaneously https://www.ledger.com/ Quote Link to comment Share on other sites More sharing options...
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