Review on Ledger Nano S Wallet by Aman Arora
Ladger Nano wallet is best and affordable Choice to store assets
Ledger Nano is another hardware wallet comes with a high security. You can easily add upto 26 coins which is inbuilt and store more than 1.5k tokens and ladger keep adding more coins for the comfort of its users.
Ledger Nano is easy to use wallet as you just need to plug in install the inbuilt firmfare and then go to accounts tab and add coins and then it will generate an address which you can use to store coins.
While installation ledger will show 24 worss passphrase which you need to notedown and set a four word pin to avoid unnecessary use to yoir device even by your family members. In case if damage and loss of device, you can buy a new one and login with your seed to recover your assets.
Big advantage of Ledger is that it is affordable and work as cold storage of your coins and your data never leaves your device even while there is a virus attack or while you use a third party device. I bought one in 2016 and paid over 300 US Dollars but now it is available at very affordable prices ranging between $70-110.
I always recommend using Hardware wallet preferably ledger because it is not safe to keep your tokens or assets on exchanges as there is always a possibility of attack and even hacker can get access to your accounts.
Pros
- Best wallet to store coins offline
- Easily Available at very affordable prices
- Dont need to go online to use it. Works offline to send and receive transactions
Cons
- There is no way you can recover if the wallet is damaged or lost except you buy a new one
