Review on Ledger HW1 Wallet by Joseph Bello
Ledger HW1 wallet
Ledger HW1 wallet is a cold storage wallet for desktops device only. Being an hardware wallet Ledger HW1 give the wallet user a greater confidence of the safety of their assets by not storing the wallets information in an online server. This expense of acquiring an online wllet like this is what makes most crypto traders to adapt to the use of hot wallet which brings greater convenience in terms of the usability because most hardware wallets are very complex and hence most traders find them hard to easily understand. One disadvantage of Ledger HW1 wallet is that it only allows you to store your Bitcoin asset.
Pros
- Top notch security
- Funds are not being stored on an online server
Cons
- A single coin wallet
- Hard to understand
- Very expensive to acquire
