Review on Ledger Nano S Wallet by Killer Bean
My own experience with ledger Nano Wallet
Ledger Nano S Wallet is a hardware wallet that is used to store cryptocurrencies, like bitcoin, ethereum, litecoin and Tron. I mainly used it to store Ethereum and Tron. It was founded in 2014, the masterminds behind this innovative wallet are well seasoned experts and engineers. My first encounter with it was a while ago(up to four months). I specially chose this wallet since it was a hardware wallet that means it is a physical wallet that stores users private keys offline, hence the conclusion "Hardware wallet are least susceptible to hacking".
It claims to be easy to use but i had to do some researches about it and since then I have been able to use Ledger Nano Wallet like any other virtual wallet. It is built with a Tamper proof material to prevent it from physical damage. It even employs the use of recovery phrase to give it an extra layer of security. I got to know about it from other traders who constantly boasted about its greatness and I had to try it out. Though it was good as they said, Ledger Nano has a quite expensive fees(cost of getting the wallet device).
It is even unreliable in times of urgency as it takes time to transfer funds. Anyone interested in the safety of his coins should always think of Ledger Nano Wallet. It is user friendly wallet everyone should try and trust!
Pros
- It stores private keys offline, making it very secure
- It Is built with Tamper-Proof features to prevent physical damage
- It was developed by a great team of engineering and crypto experts
Cons
- It cost me quite a lot to acquire my ledger nano wallet
- It Is unreliable in terms of urgency and speed
