Review on Ledger Nano S Wallet by ismail karasahin
Nano Ledger S or other crypto wallets?
Since it is a hardware cold wallet, the first thing that attracts attention is of course high security.
First of all, no matter which coin, paper wallet, online wallet, brain wallet, etc. options are not safe. Especially, do not leave even the smallest coin crumb on the stock exchanges you trade.
As a downside, as it is limited in terms of memory, maximum 4-5 crypto money wallets can be opened at the same time. (There are also those who argue that the reason for the limited memory is security)
Another problem is that if you want to trade instantly, the process takes a little long because it is a cold wallet, but it is a really good option for those who want to keep 3-5 years for a long time.
A device that I can recommend to new entrants, ledger nano s., trezor, is both affordable and provides maximum security compared to its counterparts. So it can be preferred, but can be said to be an expensive option for those who want to store small amounts of coins. (price 60-70 €)
However, in general, I can say that it is one of the most useful crypto money wallets for Nano Ledger S in terms of usage.
Pros
- High Security (Hardware wallet)
- Protected against spyware, keyloggers and various screen recording programs
- You can benefit from coin rewards such as bifurcation.
- With the 24-word security code, your money can be saved when needed.
Cons
- Instant deposits and withdrawals cannot be made for trading.
- A little high in price
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Comments (1)
September 02, 2020
Ledger Nano S wallet is one of the secure wallet that you can use to store large amount of Digital currency. This Hardware wallet has a lot of advantages. It supports many digital currency, and it is very easy to use. In my opinion the wallet is expenses. If the cost can be review.
