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Before we get started on why ledger wallets are the best when it comes to safety, let us first know somethings about cryptocurrency.
If we dissect the word cryptocurrency, it results in crypto meaning some encrypted codes/pins and currency means that it has monetary value. As the name suggests, cryptocurrency is currency that can be used to buy goods or services online. It is very similar to paper money except for the fact that it has no physical existence. Cryptocurrency exists entirely on the internet and has to be dealt in with via online transactions only. While some people may be extremely skeptical of cryptocurrency because it is comparatively a newer form of investment, it has time and again proved out to be among the most valuable avenues of investment to ever have existed. Check this site for more details.
What is a ledger wallet (Descarga Monedero Ledger wallet)?
One of the major concerns people have about cryptocurrency is safety. Given the huge number of security breaches that are happening on the internet right now, it is only natural to feel this way. However, when it comes to cryptocurrency, there are some devices that make sure that your safety is maintained at all costs. These devices are called hard wallets. Ledger wallet are among the best hard wallets in the market and make sure that all your information is kept private.
How does a ledger wallet function?
A ledger wallet is a hardware device that stores all your private pins that are required for all your cryptocurrency transactions. If you choose to store your pins on your laptops, desktops, phones or any devices, they are susceptible to theft and hacking by non-trusted third parties. In order to avoid mishaps of this sort, make sure that you use the ledger wallet. The ledger wallet will make sure that all your pins are kept safe and secure and only you can authorise any kind of transactions. This gives you complete control over your transactions and makes sure that your safety is never compromised.
What is ledger live?
Ledger live is a complementary app that you can access when you purchase any ledger wallet. This app is your go to place for all your cryptocurrency needs. You can easily access this app from any device of your choice after downloading the compatible version. Ledger live helps you keep track of all your transactions at one place and make sure that you can control allyour transactions from your fingertips.
What are the different currencies that Leger live supports?
There are a wide range of currencies that ledger live supports making ut even easier to handle all your currencies at one place. If you are dealing with more than one crypto currency and would like to keep track of all of them from one place, Ledger Live is your go to place. here are few of the many currencies that ledger live supports:
This is one of the many reasons why Ledger Live is recommended by so many cryptocurrency enthusiasts all across the world.
What are the different variants of ledger wallets?
There are a range of different kinds of ledger wallets that are designed specifically to meet different needs. No matter how different they are from each other all ledger devices do a great job at protecting your private pins. Here are the main variants of ledger wallets:
- Ledger Nano X (compatible with macOS 10.10+, Windows 8+, Linux. 64-bit. This leger wallet will require you to connect it to your device with the help of a USB cable. You may choose to purchase ledger cables for the best connectivity.
- Ledger Nano S (compatible with Windows 8+, Linux. 64-bit, macOS 10.10+, desktop computers.) This will also require you to connect via an USB cable.
Ledger live is accessible with all ledger wallets.
Can I access Ledger Live on my smartphone?
The answer to this question is absolutely. You can access ledger live from almost any device of your choice. If you find computers and laptops inconvenient, then you may choose to manage all your currencies from your phone. Here are the compatibility conditions if you want to download ledger live on your phone.
- Ledger Nano X (compatible with Android 7+ and iOS 9+.) A Bluetooth connection will be required.
- Ledger Nano S (Android 7+ using USB cable. Query mode is available only in iOS 9+, when importing your contacts from the desktop application.)
What are the various benefits of Ledger wallets and ledger live?
BENEFITS OF LEDGER WALLETS:
- Safety: manage all your cryptocurrencies efficiently with maximum safety. Rest assured that all your personal information is in safe hands, your own. Every transaction will have to be verified by you to be successful.
- Easily accessible: you can easily access all your personal information anywhere and manage your cryptocurrencies from anyplace, anytime.
- Travel friendly: not only are these devices the most useful devices for cryptocurrency, they are also sleek and travel friendly. They are light and compact and will easily fit into your pocket or wallet.
- Affordable: All ledger products are affordable and pocket friendly.
BENEFITS OF LEDGER LIVE:
- Easy control: easily control all your devices from one place. This is particularly very useful for people who are invested in more than one cryptocurrencies.
- Easy transactions: You can easily control all your transactions. Not only keep track, but also authorise transactions easily with ledger live.
- Compatible: ledger live is accessible across a wide range of devices and is hence a favourite among cryptocurrency investors. Be it a laptop or a smartphone, easily access all your cryptocurrencies from your fingertips.
Conclusively, ledger makes sure that all your cryptocurrency needs are fulfilled while also keeping your safety as a top priority. No matter how new you are to cryptocurrencies, you must be well acquainted with the risks of making online transactions. With ledger you can easily transact without having to worry about your safety online. With ledger live, you can always remain updated with the various on goings in the cryptocurrency market and keep track of your investments.