Reasons to chose nano ledger hardware wallet - page 2.

SolarWindMiningCompany

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Quote from: ?? on ??

I choose a trezor but not a ledger. It seems to me that the trezor is more convenient to use and I see no reason to pay 2 times more expensive when buying a ledger

I am considering to buy a trezor wallet too. It looks sleek and more Morden unlike the ledger wallet but then my focus apart form poise and flexibility is on security too. I will read more opinion on both hardware wallet before making a decision

perla

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I have nano ledger, but not much to use it. Because i not much have bitcoin in my wallet and use my local exchanges so i can convert it with fiat when i want. And now i focus to save my tokens in Myetherwallet. I think when i have a lot of bitcoin and Ethereum maybe, i will use my ledger nano. Until now i still save it in it's box because still comfort with online wallet for now.

bitcon

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Quote from: Byakuga on September 01, 2019, 06:40:40 AM

In the event that security is basic to you, at that point you will need to know top reasons why you should claim a Ledger Nano Hardware Wallet which is by and by the most secure and least expensive you can discover in the market.

1. The Ledger Nano Wallet can't be open through your PC neither would it be able to be duplicated. This leaves your private keys safe appropriate on the gadget for your eyes alone to see through its OLED screen.

2. The Ledger Nano Wallet uses another level of security,you will have to set up a passcode known to you only so even if the wallet was stolen or lost it will be useless to the ones that steal it.

These are the best advantages hardware wallets has over other wallets available like paper wallet or mobile wallets

I like it as it supports Bluetooth technology. This important feature makes Ledger Nano X the safest and the most secure stuff: your private keys will never ever leave a chip and the Bluetooth connection will care about your privacy. Even Bluetooth connection is compromised somehow, the hacker will still have no chances and possibilities to get your private keys or end your transaction.

Ezio_Auditore

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Quote from: coiningz on September 01, 2019, 09:26:51 AM

You should buy hardware wallet if you have really a lot money in crypto. Otherwise this useless purchase

Even if you don't have a lot of cryptocurrency, buying a hardware wallet will never be a waste. No one but you will not have access to the wallet, and phrases for recovery and you can learn. I had the opportunity to buy a Ledger and I never regretted it. The only disadvantage of the Ledger is a small number of coins.

xOdiumNostrumx

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When I first opened this topic I expected the old Trezor vs Ledger battle, but it was just a case for owning a hardware wallet. And the case for owning it is indeed a very strong one, regardless the brand of its producer.

Herbert2020

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hardware wallets are only good for those who first of all have a large amount of cryptocurrencies worth a lot of money and want to store it somewhere safe, so that the large amount justifies "buying" a wallet.
and second for those who want to regularly access those funds like a day trader who wants to be able to dump his altcoins every couple of days and needs that kind of access.

otherwise in my opinion hardware wallets should not be referred to as "cold storage" because they are not "cold" aka offline. only cold storage is physical storage on paper or similar medium with a strong encryption.

MbakNarti

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It depends on yourself

If you are regularly using crypto for doing a transaction I think you don't need it, because it takes a time to do transaction process just like @DarkDays said
Then, if you want to long time hodl your crypto I think it's better to store on the hardware wallet, but if the value less than $3000 I think storing on trusted exchange is safe enough...

IMO

ivaf

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I agree with the author of the topic. Currently, nothing better than hardware wallets has been invented to ensure the safety and security of your cryptocurrencies. But I believe that the use of hardware crypto-wallets is advisable if you have large amounts. If you just participate in bounty and airdrops, then buying a hardware wallet is not relevant for you.

Alluro

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The hardware wallets are safest wallets to store your cryptocurrencies. The hardware wallets have high security. The Trezor and Nano Ledger S are most famous wallets right now. I personally recommend hardware wallets are best.

fathur01

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I think that enough of the reason that the hardware wallet is a material carrier, and as we all know, is a material carrier is the safest way to store crypto. But in general you are right, hardware wallet is the best invention. However I like trezor better.

Questat

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Yes better to use nano ledger hardware wallet because your so secure like you own the place where you save your money here in crypto

But this is expensive then there's a lot of wallets here in crypto that trusted and popular too like this example coinomi,electrum then more still better to spread where you save your btc,alts and tokens

Though it was expensive but it is something worthy enough to hold our coin and guaranteed safety assurance.
With all the good features of having Ledger wallet, people will prefer to use online wallet cause that will be free and you can easily change address anytime. Actually, there is no problem with online wallets provided that we have to care for private keys and have our own PC/laptop to use. And also refrain from visiting unsecured site cause it only leads into hacking.

flemmings02

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Quote from: DarkDays on September 01, 2019, 03:33:30 PM

Here's some reasons why you SHOULDN'T use a Ledger hardware wallet.

1. Sending payments using a Ledger Nano S takes significantly longer than using a software or web wallet. For those dealing with crypto regularly, time is money.
2. The device can only store around 3-4 apps at once, so if you regularly transact with multiple currencies, you'll have a nightmare of a time juggling apps.
3. There are several wallets that offer similarly good security for free, e.g. Armory. The Ledger is overkill unless you're handling $50k+ in crypto.

Ledger Nano S is not for those trading frequently as they'll always be needing to move their coins across several exchanges or very frequently.

DarkDays

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Here's some reasons why you SHOULDN'T use a Ledger hardware wallet.

1. Sending payments using a Ledger Nano S takes significantly longer than using a software or web wallet. For those dealing with crypto regularly, time is money.
2. The device can only store around 3-4 apps at once, so if you regularly transact with multiple currencies, you'll have a nightmare of a time juggling apps.
3. There are several wallets that offer similarly good security for free, e.g. Armory. The Ledger is overkill unless you're handling $50k+ in crypto.

Ferris419

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There is no doubt that Ledger NANO is the best and highly secured hardware wallet ever. Its user interface, security system everything is very much perfect. Your assets are very much safe here and no one can steal it until your phrase code got leak! Though I would not compare Between Ledger andTrezor, because both have a different security system and they both are safest wallet in crypto, but I bought the Ledger Nano because it is easy to use and it's looking is better.

Insomnia family

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very attractive especially for people who have lots of valuable assets because they definitely really need a safe wallet
but for now I still don't really need it because besides wallet software can still be trusted, the price of wallet hardware is also still not reachable at this time
Hopefully with the wallet that I use now, I can really protect all my assets

dunfida

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Ive been a user of these two out of curiosity on the past and i can say that both do have its own pros and cons. (Ledger Nano vs Trezor)

I cant point all but this thread will speak among the differences among the two: https://www.reddit.com/r/Bitcoin/comments/7vy7j0/ledger_nano_s_vs_trezor_i_own_both_wallets_and/

Ucy

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Compare rates on different exchanges & swap.

Quote from: Byakuga on September 01, 2019, 06:40:40 AM

In the event that security is basic to you, at that point you will need to know top reasons why you should claim a Ledger Nano Hardware Wallet which is by and by the most secure and least expensive you can discover in the market.

1. The Ledger Nano Wallet can't be open through your PC neither would it be able to be duplicated. This leaves your private keys safe appropriate on the gadget for your eyes alone to see through its OLED screen.

2. The Ledger Nano Wallet uses another level of security,you will have to set up a passcode known to you only so even if the wallet was stolen or lost it will be useless to the ones that steal it.

These are the best advantages hardware wallets has over other wallets available like paper wallet or mobile wallets

Ledger Nano wallet is not entirely safe like someone above mentioned. Besides, you are referring to the cheap type which is offline. The costlier ones can be connected to internet devices.
Paper wallet and offline wallet (like the type of wallet you recommend) are one of the safest way of storing coins but they are least convenient

sockpuppet1911

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Activity: 994

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I am in the Trezor boat but i would trust nano ledger as well. It's reputable and beats any kind of mobile or desktop wallet for large amounts in safety.

Crypto_lion

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NEW MEDICINE:Faster, Safer, Smarter

Have been using it for couple of years and it has been great. The new user interface of ledger live looks really good and the service from nano was good. They sent a replacement when the nano upgrade failed.

coinswebid

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Quote from: NeuroticFish on September 01, 2019, 06:49:47 AM

You should know that there's Ledger Nano S and Ledger Nano X. Ledger Nano S is the least expensive, but the storage capacity is small, so you will not be able to use it for a big number of coins (without uninstalling one and installing another).

Ledger Nano S can be used with computer, laptop, mobile phone as long as it has support of USB reading.

It is safe, but it's not the ultimate safety. If you have coins you don't use for long time, cold wallet (100% offline) or paper wallet (correctly and safely generated) are still better options, simply because they are always offline.

yes, i agree with you for long term hodl without touching the coin, maybe 1 years above
i think paper wallet is good choice rather than any other wallet,,
but, for short term i think ledger nano still become the best choice for me

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