Cryptocurrency is one of the hottest topics in America, as over 86% of American adults claim they've been exposed to it in some way. However, only 16% say they've invested in some form of cryptocurrency.
This disparity may be due to the fact that many think it's difficult to access and interact with their crypto assets, but cryptocurrency wallets make the process fairly simple.
The Ledger Wallet Crypto is an ideal wallet for someone who's concerned about storing their assets online but still wants the ease of accessing their assets electronically.
Read on to learn all about it.
What Is a Ledger Wallet?
The Ledger wallet is a hardware wallet that stores your private keys for cryptocurrency on a USB drive.
All hardware wallets are considered "cold" wallets that store assets offline. Many of the most prominent crypto investors prefer to keep their keys in cold wallets to ensure their safety.
Hardware wallets like Ledger's put you in control of your keys and funds. You're the only one that will ever have access to the keys. Also, all transactions from the wallet are confirmed offline, making it highly unlikely you'll fall victim to a hacker.
Ledger offers two different hardware wallets. The Ledger Nano S was the first to arrive, appearing in 2016. The Ledger Nano X followed in 2019. They are compatible with all of the leading coins and tokens.
Both wallets allow you to hold crypto coins and make transactions. To achieve this, you'll need to install the Ledger Live app on your computer. It gives you the ability to interface with your hardware wallet.
Ledger wallets are perfect for those new to the crypto scene. The Ledger app is incredibly simple to use, so it's a perfect jumping-off point for someone looking to stake their first claim in the world of cryptocurrency.
Ledger Nano S
The Nano S is one of the most popular hardware wallets on the market today. It retails for a low price of $59.
Its price point and ease of use make it such an attractive proposition, but its lack of memory may frustrate more experienced crypto investors.
It's only capable of supporting three to seven crypto apps at once, so those with an extensive list of accounts find themselves constantly uninstalling and reinstalling their apps.
Ledger Nano X
Ledger's Nano X is their new and improved hardware wallet. You can order one from Ledger for $149.
The Nano X's expanded memory capabilities mean it can handle up to 100 apps. It also features battery power and Bluetooth integration. For those who are serious about their crypto investments, the Nano X is the superior choice.
Ledger Wallet Crypto: Hardware Wallets Made Easy
A crypto wallet is a necessity for anyone who wants to perform transactions with their cryptocurrency assets. The Ledger Wallet Crypto is a safe offline place to store keys and coins.
The Ledger Nano S and Nano X are both very easy to use, interfacing nicely with the Ledger Live app.
Want to stay updated on the latest happenings in the world of crypto? Bookmark our blog and never miss the biggest news.