The crypto economy is on the cutting edge of both finance and technology, which means that you need to be ever vigilant in protecting your digital assets. A critical component of doing so is using a hardware wallet from a company you can trust, like Ledger, to securely store your private keys.
Not Your Keys, Not Your Coins
Anyone who has been following the cryptocurrency industry even a little bit has heard way too many stories about exchanges getting hacked, or simply disappearing overnight, leaving investors without any of the assets they thought they owned. This can happen because when you have a balance at an exchange you donâ€™t really control the coins you think you do. Only by keeping the private keys yourself you can truly own a digital asset.
Storing your private keys yourself might sound daunting to a newcomer to crypto, but luckily there are powerful yet user-friendly solutions. A hardware wallet is a physical device that stores your private keys in a secure chip. With a hardware wallet, your private keys always remain offline and thus safe from any cyber attacks. Many experienced users believe this is the best way to secure your crypto over other solutions like paper wallets and software wallets.
When selecting your hardware wallet you will notice that not all hardware wallets offer the same level of security and control. And when it comes to your money you have to pick a solution you can trust from a brand everyone knows to be safe for many years. Founded in 2014, Ledger is a global leader in security and infrastructure solutions for critical digital assets and blockchain applications. Ledger sold over 2 million hardware wallets in more than 165 countries.
Choose the Best Ledger Wallet for You
Using a Ledger hardware wallet, combined with an app, you can easily and securely store your crypto we well as access key services. You can manage more than 1800 crypto assets with a single Ledger device. The Ledger Nano series uses the most secure type of chips to store your private keys â€“ a secure element. It is designed to withstand sophisticated attacks, and with this certified chip, your private keys never leave the device â€“ which means no one can access them but you.
The Ledger hardware wallet is also the first and only certified hardware wallet available on the market. And Ledger wallets are the only hardware wallet to have their own custom OS (BOLOS) to protect the device against malicious attacks and isolate applications from each other.
Ledger currently offers two types of Nano hardware wallets. Both offer the same level of protection for your crypto assets so you can feel safe to pick the one that fits you the most. The Ledger Nano S is considered to be the best way to securely buy and hodl your favorite crypto. It is the worldâ€™s most popular hardware wallet and world-renowned for its robustness. With about 3 to 6 crypto applications installed you can use it to secure and manage your favorite crypto such as Bitcoin or Ethereum.
The Ledger Nano X is considered to be the best way to easily and securely manage all your crypto assets everywhere. It is the most advanced hardware wallet in the world and offer powerful features such as Bluetooth to trade on-the-go, at anytime with your smartphone. You can secure a large number of assets with up to 100 coin applications installed on the Ledger Nano X. The device also features a bigger screen and better ergonomic design for extra convenience.
Once you buy your first Ledger hardware wallet you will see that it can do much more than just than storing and securing coins â€“ it opens up a whole world of key crypto services. The next story in this two-part series about Ledger will explain all you can do with the full Ledger solution, a hardware wallet combined with the Ledger Live application â€“ stay tuned!
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.