Introduction on the Ledger Nano S Experience
Ledger Nano S Experience – Users of cryptocurrencies must also protect them. Scammers are always devising new methods to get coveted digital money by making fake wallets or phishing to get to the private key of a user.
Therefore, it is essential to guard cryptocurrencies such as Bitcoin, Ethereum and so on. The Ledger Nano S is a perfectly designed hardware wallet that allows users to keep their private cryptocurrency keys and make payments electronically. Our Ledger Nano S experience has proven that this hardware wallet is a very secure way to keep your digital money.
Ledger Nano S Experience – Never Lose Your Cryptocurrency
In the crypto world, one of the top priorities is to properly store and protect the digital currency. The safest way to keep the digital currency is to use a hardware wallet, which is similar to a digital wallet that is used to store coins online.
However, a hardware wallet is on a memory stick. Our Ledger Nano S experience found that this wallet packs pocket-sized technology and cryptography in a small, compact case, making it easy to connect the Ledger Nano S to a PC, laptop, smartphone or tablet with a USB cable.
A corresponding program triggers a transaction on the terminal while the processing of the settlement is carried out on the Ledger Nano S. The Ledger Nano S is even used by banks thanks to its enhanced security criteria.
If it is lost or stolen then the account can be backed up and restored on the Ledger hardware wallet. The Ledger Nano S is also easy to install and great for users without technical knowledge.
In addition, the Ledger Nano S gives users instructions and a form for a recovery seed. The 24 recovery words are noted on the form, allowing recovery of the cryptocurrency wallet in times of need.
Ledger Nano S Experience – Perfectly Tailored
The hardware wallet from the French company, Ledger has a compact, light and elegant design, making it portable and convenient. By attaching the supplied bands and rings, the wallet can be worn around the neck or carried on a keychain.
The Ledger Nano S is compatible with the Windows (Windows 7+) Mac (10.8+) Linux and Chrome OS. A disadvantage for some users might be that the Ledger wallet requires Google Chrome or Chromium.
If users want to connect it to a smartphone, a special adapter is required, which can be ordered separately. Setting up the Ledger Nano S is very easy, convenient and hassle-free.
An attached “Getting Started” manual refers users to the homepage of the provider where individual steps are shown for setting up the wallet. It explains very simply in five points how users can start using the Nano S.
The Ledger Nano S Experience – A Secure Hardware Wallet
The Nano S offers a whole range of security features. If the Nano S falls into the wrong hands, the user’s private key is not visible because it is encrypted and stored on a chip. The wallet can only be opened with the correct PIN.
Warning: If a PIN is incorrectly entered three times, then the Nano S will start again from zero hours!
We think this is a very good feature. Normally a code with 4 digits should be sufficient as it’s easy to remember.
However, if users always carry their Nano S with them everywhere, a longer code would be a safer choice that would minimize risk if the wallet falls into the wrong hands.
The recovery seed is extremely important because it will restore the wallet if the Nano S is lost or broken.
You can use the recovery seed to restore access to another Ledger wallet at lightning speed by entering the 24 short words on the recovery seed sheet. After this, two more security words will be requested. If entered correctly, the stick is released for use again.
Advantages of the Ledger Nano S
- Supports various cryptocurrencies
- Easy to use and user-friendly
- High-security guarantee
- Can backup and restore account
- Secure login via a computer
- Smartphone compatible via OTG cable
- Display with buttons
- Runs open-source apps
- Elegant design
- Easy to operate
Disadvantages of the Ledger Nano S
- Google Chrome and Chromium are required
- Limited app storage space
In addition to the above advantages, the Ledger Nano S hardware wallet has a good price-performance ratio. Operating the Nano S is easy because only two buttons are needed to guide you through the navigation.
Both buttons are pressed to start the configuration and confirm an action. Furthermore, the Ledger Nano S wallet offers a multitude of security features that fully protect each user’s digital information. The best thing about the Ledger Nano S is that each user’s “private keys” are never stored by the Ledger or known by anyone else.
Alexander Weipprecht is the managing partner of Provimedia GmbH. As a trained IT specialist for application development, he has been advising leading companies on the following topics for more than 10 years: online marketing, SEO and software. Cryptocurrency is becoming increasingly important to businesses and investors. Through Coin Report and Krypto Magazin Germany, Alexander wants to give all people easy access to the subject matter.