Ledger Nano Information

Ledger Nano is one of the popular hardware devices for the one interested in the cryptocurrency. This is due to its inexpensive nature combined with easy availability.

Ledger is founded in the year 2014 and its headquarter is located in Paris. This is also the popular Hardware Wallet like Trezor.

This device is small that mimics the shape of the USB pen Drive.  This is a small and compact device. It has two bottoms that are vital in controlling the information.

The working mechanism is simple which involves choosing the PIN and generation of 24-word seed that acts as the private key.

The recovery seed is vital in accessing the account when the device is lost or stolen. 

The hardware device is considered as secure as they use the screen in the device to verify the transaction. This prevents hackers from accessing the wallet even if they gain control over the computer.

Precaution While Buying

It is vital to buy the Ledger Nano from the official site and store. Buying ledger Nano from random sites exposes the risk of malware and other infection.

Supported Coin

Ledger Nano can support more than one thousand coins. The dominant coin like Bitcoin, Bcash, Binance coin, Cardano, Dogecoin, Etherium, and others are included.

How to Transfer Cryptocoin in Ledger Nano

Transferring the coin from the currency exchange to the Ledger Nano involves a simple process. Upon opening the Ledger live application passport is inserted. The receive on the left hand Manu needs to be selected. The QR code or Wallet address need to insert in the sending address.

In the menu, the account is chosen.

The device does not need to be online for sending of the cryptocurrency.

Summery

Ledger Nano is one of the popular hardware wallets available for the storing of the cryptocurrency. This is due to the enhanced security followed by the low price of the Device. Anyone cautious about the security of crypto coins can use the Ledger Nano.

Trezor Hardware Wallet

Hardware wallets are considered as the sure ways to store the cryptocurrency. Depending on the types it can support the given type of crypto coins.

A hardware wallet is expensive compared to other options available. But is the reliable option for the one wishing to store a large volume of Coin.

The hardware wallet is a small key sized device that is connected to a computer through USB cable.

Among the various kinds and types of Hardware wallet Trezor, a wallet is one of the popular ones.

Trezor wallet is launched in the year 2014 and is one of the trusted wallets available.

Why Trezor Wallet Safe

Trezor wallet is considered as the safe options available. Unlike the traditional wallet where the private key is kept in the mobile and desktop computer.

In the Trezor wallet, the private key is stored in the physical device. They are not connecting to Internet services that reduce the risk of dupe.

How to Set Up Trezor Wallet

First, connect the Trezor to a computer by using the USB cable. Visiting Trezor.io/start is advised.

The second step is to visit Wallet.Trezor.io and the latest Firmware needs to be installed. New Trezor lacks Firmware due to security reasons. The continue button needs to click on the Trezor.

The third steps are to plug out the device and plug it again. It is advised to visit Wallet.TREZOR.io. The device name can be given.

Fourth Step is to select the Pin on the browser. The unique combination of the 24 words is often referred to as the recovery seed that needs to be noted. This is vital to recover the account when the device is lost.

The final step is to visit the wallet.TREZOR.io and enter the pin. The name and pin can be changed later.

Trezor Hardware Supported Coin

Trezor hardware wallet can support more than 1000 crypto assets. These include the dominant coin like Bitcoin, Litecoin, Ethereum, and others.

Summery

A hardware wallet is the best way to store the cryptocurrency. Trezor is one of the popular hardware wallets available. Anyone serious in the cryptocurrency needs to have the hardware wallet.