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Topic: Reasons to chose nano ledger hardware wallet (Read 512 times)

sr. member
Activity: 826
Merit: 250
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October 04, 2019, 12:31:35 PM
#45
Hardware wallets are better than any wallet in security mater. But whatever it is ledger or treazor its always safe to have one. But the main problem is limitation of space. You have to pay bigger amount to get extraa features. I think ledger nano x is better.
sr. member
Activity: 1050
Merit: 377
I think you will agree that when working with cryptocurrency assets, the main thing is security. And cold wallets are the safest of all wallets existing at the moment. I think already this reason should be enough to purchase such a device. Although for me it is safer to have a private key written on a piece of paper lying in a safe hidden in the ground. However, this method is too inefficient and is suitable only for those who decide to buy cryptocurrency and forget about it for many years.

sr. member
Activity: 854
Merit: 257
I read a lot about these e-wallets, and thought several times about buying this. the only question is, if I lose it or it burns, how can I then recover my funds? or is recovery no longer possible?
full member
Activity: 1022
Merit: 106
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.
If you have the large cryptocurrency assets, then it is reasonable to use a ledger. But its cost doesn't correspond to my total assets, so I can only dream of purchasing it and use ordinary wallets on the websites.
member
Activity: 1204
Merit: 38
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
We can keep it offline is the best advantage but it is still have some other disadvantages of buying a clone wallet so we will lose all our funds when we deposit it to them.
sr. member
Activity: 882
Merit: 258
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ledger or trezor the choice is your but for me ill go for trezor s for least expensive because i might used to store bitcoin and ethereum only but if it has some space left i might store other altcoin. using hardware wallet is much more preferrable by me why because it is better that you can hold it and access it directly from your wallet
member
Activity: 574
Merit: 18
Making Smart Money Work
I heard that trezor hardware wallets are better than nano ledger wallets but i personally don't see any difference because i have friends around me that are using both and i haven't heard any complains from both sides any ways, i prefer any kind of wallets that gives users private keys or recovery seed and its the same with hardware wallets too, you still have to keep them safe
full member
Activity: 274
Merit: 100
What is good about wallets hacking is the new methods of protection it causes afterwards. I hope yours is resitent enough Wink I've been hacked twice.
sr. member
Activity: 793
Merit: 250
September 29, 2019, 02:09:13 PM
#37
I personally have Ledger Nano S and I am satisfied. It supports many cryptocurrencies and I do not see any reason why I should upgrade to new Ledger Nano X that is twice as expensive than the old one.
full member
Activity: 980
Merit: 132
September 23, 2019, 02:07:40 PM
#36
Whatever trezor or ledger wallet you buy, you can be sure that your funds are in a safe place.
And although many people write that there is no sense with a small balance in it, I strongly disagree, because today it is a small means, and tomorrow it is wealth.
Buy a trezor Smiley or a ledger Angry (choose the one that you like more, but I chose a trezor Smiley.
And use it as a piggy bank, buying more and more new coins, and when the season comes, feel free to use them. Roll Eyes
full member
Activity: 1190
Merit: 111
September 23, 2019, 12:59:31 PM
#35
Investing in a nano wallet will be the greatest thing you will do on your cryptocurrency adventure.
If you own an investment more than 500 bucks  then it is a call to have that wallet.
One of the safest wallet that you can ever have.
hero member
Activity: 3150
Merit: 636
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September 23, 2019, 05:49:12 AM
#34
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.
I see a loophole within this feature, the passcode completely resets after 3 mistakes and to access your wallet it will now be through the recovery phrases/mnemonic words that you have saved.

Why I've said about it as a loophole? if someone got those recovery words, they can gain access to your wallet and bypass the passcode that you have set before because it's already been reset but as long as no one knows those important words, you are fine.

This happened to me when I forgot my passcode but I can also be wrong on this part.

However, I'm a ledger nano S user and I feel secure with this wallet very recommended.
full member
Activity: 952
Merit: 104
September 22, 2019, 05:04:49 PM
#33
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


That's right mate trezor is also have strong safety security syatem keys, but ofcourse people choices what wallet they want to use to stored their coins in the safe way that they know.
 But ne thing I advise choose wallet where you are comfortable to use and understand to avoid risk or loses.
full member
Activity: 154
Merit: 250
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September 07, 2019, 01:39:02 AM
#32
I've got both Ledger Nano S and Trezor wallets and they're both excellent hardware wallets. I did actually consider buying the Ledger Nano X a few weeks ago, but I figured my current Ledger units work just fine and I mostly just use the BTC app on them, so I really don't need the additional space the newer units offer. Both have good interfaces as well, being simple enough for beginers but with enough features for more experienced users as well. I got my first Nano S a couple years ago and it's still going strong.
I really like the Ledger wallet. I think that it is the most convenient and easy to use. Now they added support for Zilliqa (ZIL), I am very happy about this.
legendary
Activity: 1624
Merit: 1130
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September 03, 2019, 06:25:58 PM
#31
I've got both Ledger Nano S and Trezor wallets and they're both excellent hardware wallets. I did actually consider buying the Ledger Nano X a few weeks ago, but I figured my current Ledger units work just fine and I mostly just use the BTC app on them, so I really don't need the additional space the newer units offer. Both have good interfaces as well, being simple enough for beginers but with enough features for more experienced users as well. I got my first Nano S a couple years ago and it's still going strong.
jr. member
Activity: 132
Merit: 3
September 03, 2019, 06:19:24 PM
#30
Cryptocurrency hardware wallets are always cool especially when it comes to the security of funds and the protection of private keys of holders from hackers or any form of malicious attacks.  The huge advantages associated with ledger Nano are obvious but it is unfortunate many people can't afford it since it is too expensive.
full member
Activity: 560
Merit: 102
September 03, 2019, 06:01:47 PM
#29
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.
That is, Nano Ledger is more effective if used for long-term investment, hodl, right?
So far I also only use an online wallet, it is quite safe if we use multiple security keys and authorization. I avoid storing crypto in the wallet exchange because there is a big risk if the exchange is hacked.
copper member
Activity: 210
Merit: 0
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September 03, 2019, 01:59:44 PM
#28
It is a great opportunity to keep your crypto safe, but is it really worth it? I mean, I am trying to diversify my portfolio and to keep crypto on different exchanges and wallets, which is also very helpful. Moreover, Ledger does not support all crypto currencies that I need.
hero member
Activity: 938
Merit: 500
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September 03, 2019, 01:35:08 PM
#27
I also use a hardware wallet and I can assure you that this is really a very useful thing. So I agree with every word you say. In addition, it is one of the most authoritative and common wallets.
For me, a hardware wallet, this is at least what I can use in the field of cryptocurrencies. In this market you need to be very careful and always think about security. I recommend everyone to buy a Ledger.
sr. member
Activity: 686
Merit: 250
September 02, 2019, 05:07:40 PM
#26
I also use a hardware wallet and I can assure you that this is really a very useful thing. So I agree with every word you say. In addition, it is one of the most authoritative and common wallets.
hero member
Activity: 966
Merit: 502
September 02, 2019, 04:21:01 PM
#25
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
hero member
Activity: 1932
Merit: 504
September 02, 2019, 03:29:10 PM
#24
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.
legendary
Activity: 2212
Merit: 1008
September 02, 2019, 02:29:36 PM
#23
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.
full member
Activity: 487
Merit: 105
September 02, 2019, 10:57:38 AM
#22
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.
full member
Activity: 1064
Merit: 101
September 02, 2019, 06:35:15 AM
#21
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.
legendary
Activity: 1946
Merit: 1137
September 02, 2019, 02:46:00 AM
#20
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.
sr. member
Activity: 679
Merit: 254
September 02, 2019, 02:37:45 AM
#19
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
full member
Activity: 980
Merit: 109
September 02, 2019, 01:52:44 AM
#18
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.
member
Activity: 742
Merit: 19
September 01, 2019, 11:11:11 PM
#17
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.
full member
Activity: 700
Merit: 100
September 01, 2019, 05:19:15 PM
#16
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.
hero member
Activity: 2982
Merit: 610
September 01, 2019, 05:13:07 PM
#15
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.
jr. member
Activity: 182
Merit: 2
September 01, 2019, 04:24:53 PM
#14
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.
legendary
Activity: 2030
Merit: 1189
September 01, 2019, 03:33:30 PM
#13
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.
hero member
Activity: 1008
Merit: 501
September 01, 2019, 03:22:28 PM
#12
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.
member
Activity: 868
Merit: 10
September 01, 2019, 03:17:00 PM
#11
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
legendary
Activity: 3122
Merit: 1140
September 01, 2019, 02:59:09 PM
#10
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
sr. member
Activity: 2674
Merit: 403
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September 01, 2019, 02:55:28 PM
#9
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
sr. member
Activity: 994
Merit: 278
September 01, 2019, 01:29:19 PM
#8
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.
member
Activity: 630
Merit: 11
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September 01, 2019, 11:32:31 AM
#7
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.
sr. member
Activity: 1092
Merit: 250
September 01, 2019, 09:30:34 AM
#6
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
copper member
Activity: 1190
Merit: 3
September 01, 2019, 09:27:47 AM
#5
Yes, hardware wallets have their own advantages interns of safety. But there are limitations on storing different altcoins. I have heard that in ledger nano s, only four wallets asset can be stored.
But if someone is having all altcoins that are ERC-20,there should not be any problem.
I am really thinking using ledger and  get the experience.
jr. member
Activity: 194
Merit: 8
September 01, 2019, 09:26:51 AM
#4
You should buy hardware wallet if you have really a lot money in crypto. Otherwise this useless purchase
member
Activity: 490
Merit: 10
September 01, 2019, 09:11:31 AM
#3
I like mobile wallet more than hardware wallet and moreover using hardware wallet you still have to keep your private keys safe just like every other wallets available,the passcode feature is available on mobile wallets as well
legendary
Activity: 3668
Merit: 6382
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September 01, 2019, 06:49:47 AM
#2
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.
member
Activity: 518
Merit: 28
September 01, 2019, 06:40:40 AM
#1
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
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