Bitcoin and Ledger Nano S review.
Bitcoin Ledger Wallet Nano Review – Is It the Best Hardware Wallet ?
Basics
The Bitcoin Ledger Wallet Nano is a new hierarchical deterministic multisig hardware wallet for bitcoin users. It aims to eliminate a number of attack vectors through the use of a second security layer. However, this tech-heavy description does not mean much to the average consumer. That’s the reason why I am going to explain it in plain language, describing what makes the Bitcoin Ledger Wallet Nano tick.
The wallet was launched in early December 2014 and it is the most affordable hardware of its kind on the market.
The Ledger Wallet Nano is a compact USB device based on a smartcard. It is incredibly lightweight and weighs only 5.9 grams (0.013 pounds). It is roughly the size of a small flash drive and even thinner than most USB sticks, measuring 39 x 13 x 4 mm (1.53 x 0.51 x 0.16 inches). No micro-USB to USB cords needed and no Bluetooth compatibility, it is just a smartcard that gets inserted into a device’s USB port.
Inside the packaging you can also find recovery sheet, a simple manual, and security card in black faux leather pouch.
Although some rough edges are visible upon closer examination, I have no major complaints about the build quality. The plastic device features an aluminum swivel cover with a brushed finish, and it is very simplistic, but you will know why when you look at the price. This product might be cheaply priced. However, it was not cheaply made and it is for people who do not have a lot of Bitcoins or other cryptocurrency but just need a secure offline place to store it.
The Ledger Nano offers you a great level of security even with its tiny price tag. Your money won’t be lost (as is the case with all of the Ledger wallets) if you end up misplacing your Ledger Nano. You can just purchase a new Ledger wallet and put your money in the new wallet by using the Chrome plugin. Simple!
It is also important to note that the Ledger Nano utilizes EAL5+ smartcard technology. This technology is used by many high-level businesses to secure their transactions and other sensitive data.
Name: Ledger Wallet Nano
Description: A USB bitcoin hardware wallet with smart card security in a very compact and beautiful package.
Who’s behind it: Three French startups – La Maison du Bitcoin, Chronicon, and BTChip
Launched: December 2014
Cost: €55.00
CoinDesk rating: 4/5
Summary: The Bitcoin Ledger Wallet Nano is a relatively affordable bitcoin hardware wallet that looks good and has a few clever tricks up its sleeve.
Where to purchase: Directly from Ledger or Overstock.com. It can be bought with bitcoins.
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