Is Ledger Nano S Safe Reddit 2023 – Crypto Price

 

What is the purpose of a Ledger wallet? Is Ledger Nano S Safe Reddit

On the other hand, the Nano S scores points for supporting popular cryptocurrencies such as XRP, eos and xmr. In general, is a user-friendly and budget friendly wallet that enables you to choose from a large range of coins, nevertheless, it’s appropriate just if you have a limited portfolio, due to the small number of coin apps you can have installed on it concurrently. Have you attempted the S?

hardware cryptocurrency wallet provides high-level security through a protected chip and an exclusive operating system. It offers investors control over their personal secrets and is backed by the biggest name in the industry.

Investors can keep more than 1,100 cryptocurrencies and tokens on the S, with 23 cryptocurrencies supported straight by and the rest supported by installed third-party applications.

Pros Explained
A budget friendly cold wallet: At $59, is cheaper than numerous other hardware wallets, making it a good low-cost, highly protected alternative.
The private secrets never ever leave the device: Unlike hot wallets through cryptocurrency exchanges, Nano S users hold their personal keys. They’re never ever gotten rid of from the gadget or available through the web.
It supports more than 1,100 tokens and coins: Investors can keep popular and lesser-known coins and tokens on gadget.
Cons Explained Is Ledger Nano S Safe Reddit

Minimal storage space for crypto apps: The majority of cryptocurrencies need a crypto application, and the Nano S just holds up to 6 apps, depending upon the size.
The display screen is little and isn’t a touchscreen: The device screen is less than an inch high, as the entire device is just 17.4 mm tall (0.685 inches). It features 2 physical buttons instead of a touchscreen.
Not as mobile-friendly as other wallets: isn’t geared up with Bluetooth, so it requires a USB cable to connect to a computer system or Android gadget.
Supported Cryptocurrencies
supports about 107 cryptocurrencies and more than 1,000 tokens. Users can’t save fiat currencies on the S, stablecoins are supported. Financiers use the hardware to keep popular cryptocurrencies, such as:

 

hardware wallet is $59 on the website. The business periodically offers free shipping to the U.S. and numerous global locations. Otherwise, shipping costs might be more than $19. Partners with numerous resellers, and you might find the device cheaper in other places.

For example, on Amazon is $59 with totally free shipment, whereas it’s $46.99 at Walmart (since January 2022). Shipping times differ depending upon where you purchase the gadget, but usually, you’ll get it in less than 2 weeks.

Inside the box is gadget together with a micro USB-B cable. Bundles might likewise come with sheets to write down your 24-word healing phrase and a neck strap. also offers a pack of 3 gadgets for cost savings of approximately 21%.