Cryptocurrency wallets allow investors to keep their investments/funds safe and secure from being hacked. Today, crypto traders have the option of choosing from a wide range of cryptocurrency wallets available in the market such as Ledger and Trezor. Here, discover more about Ledger wallets and what makes them the best wallets for storing Bitcoins.
Ledger is a widely acclaimed company that designs and develops infrastructure as well as security solutions for digital currencies and blockchain apps for both companies and individuals. Based in Paris, the company also has its office in California and San Francisco in America. Ledger essentially offers three distinct types of wallets including Ledger Blue, Nano S and Nano wallets.
Type of Pairs Supported
The ledger devices support a number of cryptocurrencies including Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, MyEtherWallet, Ethereum Classic, Litecoin, Dogecoin, Zcash, Ripple, Dash, Stratis, Komodo, Ark among others.
Its origin - year and story behind it
Ledger was established in the year 2014 by a group of 8 cryptocurrency experts who had vast experience and knowledge around embedded security and entrepreneurship. Together, they decided to work and create secure solutions for applications revolving around the Blockchain technology. Presently, the company has more than eighty employees at their office in Paris, San Francisco and Vierzon.
How does it operate?
Investors who opt for the Ledger wallet are provided with a Ledger, USB cable, key chain, Lanyard, recovery card and an instruction card. The Ledger wallet is available in a USB drive’s shape. It comes with safety and robust features, which makes its excellent for storing virtual assets as well as making payments. The wallet works well with computer and features two easy to operate buttons, which are utilized for managing the software of the cryptocurrency. It also features a miniature USB port as well screen.
Ledger Nano S is much similar to Ledger Blue but has lesser features. This particular wallet can be connected to other technical devices with the help of a USB cord or micro USB only. The Nano S also does not feature any touch screen. On the other hand, the Ledger Nano wallet is highly affordable. It is lightweight and thinner in comparison to many USB devices. The Ledger Wallet Nano S is essentially USB devices, which are based on smartcards. They're lightweight and similar to a small-sized flash drive. They do not require any micro-USB or USB cords or even Bluetooth to operate. Basically, they're smartcards that can be easily inserted within any gadget's USB port.
The Ledger wallets are compatible with Linux, MacOS, Windows as well as Chrome operating systems. Apart from this, they also require downloading of extensions. Ledger's interface is very simple yet effective. It is also very easy to operate and every piece of information as well as tools is provided along with the wallets. Ledger wallets interface with any computer via the Chrome app that must be installed onto the PC. The wallets are self-sufficient and ideal for storing all types of cryptocurrencies.
To sum up, each of the Ledger wallets are well-designed and offer incredible support to cryptocurrency traders. However, Ledger Blue has excessive technological features on it, which makes it extremely costly. Hence, the Ledger Blue wallet isn’t very affordable and is meant for investors only with lots of money or wealth at their disposal.
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