Ledger Nano S is a hardware wallet that will help you to store your altcoins safely. It was created in 2015 in France and it is one of the most popular hardware wallets in the crypto space. Ledger is also one of the biggest competitors to the creators of TREZOR, SatoshiLabs.
It’s a small and compact wallet that has a metal casing around it in order to make it more durable. The wallet fits perfectly in your pocket or your purse which means it is easily transported. Nano S works just as similar to other hardware wallets. When you first turn it on, you need to choose a PIN to protect your device. Next, you will receive a 24-word that will be used to create your private keys.
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You should always write this down in a safe place and by safe place, we don’t mean your computer. It would maybe be best to write it down on a piece of paper and keep in somewhere safe or writing it down using a crypto steel device. Ledger Nano S has two buttons and this is why it is easy to control it. This should take no more than 3 minutes.
Once you set up your device, next what you need to do is install an app that will allow you to work with the device in order to send and receive bitcoins. There are multiple apps that you can use as a Chrome extension. This wallet supports Bitcoin, Ethereum, Litecoin, Zcash and Ethereum Classic. You can easily send and receive payments, manage your addresses and check your accounts.
Ledger Nano S uses an open source code for its apps and proved to provide great customer support. You can find this wallet for about 60 Euros which is a pretty decent and attractive price.
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