![]() ![]() However, if someone gains access to your 24-word recovery phrase, they can also access your crypto. Offline keys: Your private keys never leave your Ledger wallet, even when you connect to a computer or mobile device.However, the device itself can hold up to 100 installed apps, with each app bringing support for another type of crypto. Multicurrency wallet: Ledgers can store up to 5,500 types of coins or tokens.This choice offers more robust security compared to microcontroller units (MCUs) that some hardware wallets use. Ledgers utilize Secure Element Chips, a tamper-resistant chip used to host apps and store keys. Under the hood, Ledger wallets run a custom operating system called Blockchain Open Ledger Operating System (BOLOS), which isolates each crypto app from the others and is paired with specialized hardware to keep your crypto safe. In a sense, Ledger hardware wallets work like two-factor authentication that requires a response on a device you physically hold. This structure locks down your crypto on connected wallets, requiring ‘permission’ from your Ledger before any crypto leaves your wallet. Ledger wallets can also pair with well-known wallets, such as MetaMask, Coinbase Wallet, or Electrum. You can install Ledger Live on Android or iOS, as well as on Windows, Mac, and Linux computers. ![]() With Ledger Live, you can update your Ledger, install apps to support more cryptocurrencies, and even buy and sell crypto through in-app providers. Ledger’s hardware wallets work in conjunction with a multi-purpose app called Ledger Live. If your Ledger is lost or becomes damaged, this 24-word seed assigned when you set up your wallet lets you recover your crypto. To complement Ledger electronic hardware wallets, Ledger also offers The Billfodl, a nearly indestructible steel device that holds your 24-word recovery phrase, protecting it from disasters that would destroy paper backups, such as fires or water risks. In effect, your Ledger hardware wallet acts as a gatekeeper for outgoing transactions, only allowing transactions that you authorize on your Ledger device. This is called cold storage.īy comparison, software wallets and wallet apps are hot wallets if they store your private keys in a way that’s exposed to the internet. The benefit of using a Ledger hardware wallet is that the wallet can keep your private key hidden - even from devices that connect to the internet. You’ll need to connect the Nano S Plus - or its older and soon end-of-life sibling, the Nano S - to a computer, while the Nano X and Stax can communicate via Bluetooth or by USB C.Ĭrypto wallets use two sets of keys: a public key can act as a receiving or watching address, but a private key is a key to your crypto kingdom. Each device comes in pocket-size dimensions for easy transport. The Nano X weighs in a bit heavier and is slightly larger than the S Plus, the Stax is portable and can be personalized with your favorite picture or NFT. While each wallet offers similar features, The Nano X brings Bluetooth support and an integrated battery that makes it well-suited for mobile use. Currently, Ledger offers three hardware wallets: the affordable Ledger Nano S Plus and the mobile-ready Nano X, and the interactive Stax. Ledger is a leading maker of crypto wallets with nearly a decade of innovation in the space. ![]()
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