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.
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