Ledger Wallet

Ledger Hardware wallet

Ledger wallet is available as an inexpensive and simple hardware wallet to store your bitcoins. The newer type is more advanced with plenty of features. No external wallets have to be used, but a wallet of Ledger itself. These hardware wallets also supporting altcoins like Ethereum, Ripple and Dash. These altcoins are supported on the Ledger Nano S and Ledger Blue as well.

On this page the following subjects will be described:
The producer of the Ledger wallet
Types of Ledger wallets
The Ledger supports multiple altcoins</a
Security of the Ledger wallet
Payment and delivery
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The producer of Ledger Wallet

Ledger is a new company that creates and sells hardware wallets since early 2015. The company headquarters are located in France. They have retail locations all over the world. The company has expanded fast and is now a worldwide player in its field.

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Types of Ledger Wallets

Ledger Nano S

The Ledger Nano S is a hardware wallet that supports Ethereum and other altcoins besides bitcoin. The Ledger Nano S is more advanced than the Nano and HW.1, there are more security features. On the Ledger Nano S you can store and manage different cryptocurrencies and addresses using only one hardware device.

Furthermore you can easily authorize your accounts on Dropbox, Github, Dashlane and Gmail using FIDO® Universal Second Factor standard. The Ledger Nano S costs 69,69 Euro inclusive tax. Beside the hardware device you can order a Cryptosteel, an indestructible fire-resistant stainless steel plate to store your recovery seeds.

Ledger Blue

The Ledger Blue is an advanced lightweight hardware wallet complete with touchscreen. It is super secure and user friendly. The development of this hardware wallet took more than 2 years and the results are there. You can connect with bluetooth and USB. Except bitcoins, you can also store different altcoins on the Ledger Blue.

At the moment you can store the later mentioned altcoins on this hardware wallet. The team is currently working on support of Neo, but you can protect an external Neo wallet already. The Ledger Blue works with its own wallet, but also some other popular wallets are supported. The Ledger Blue costs 274,80 Euro inclusive tax. If you want to store your backup seeds extra secure you can order a Cryptosteel with your Ledger Blue.

The Ledger supports multiple altcoins

The Ledger Nano S and the Ledger Blue are both compatible with multiple altcoins. The altcoins that are supported by Ledger are Ark, Bitcoin Cash, Dash, Dodgecoin, Ethereum, Ethereum Classic, Expanse, Komodo, Litecoin, PIVX, PoSW, Ripple, Stratis, Ubiq, Vertcoin, Viacoin and Zcash. Because Ethereum is supported, also all the ERC20 tokens (tokens based on the Ethereum blockchain) can be stored securely on the Ledger.

Also Neo can be protected with a Ledger, but this has to be done on a external wallet. HERE you can read how to do this.

Security of the Ledger wallet

Ledger WalletThe ledger wallet is secure and simple. When you install the wallet, you must write down the recovery seeds on a specially designated card. This card is already complete with a QR code. Using these seeds or QR code will enable you to recover your wallet if it gets lost or stolen.

When you order also a Cryptosteel you can store your backup seeds securely on a stainless steel plate that is indestructible.

The ledger is also secured with a pincode, after 3 failed logins, your wallet will be deleted and you have to recover it with the seed.

To make a payment, you need to insert a code. This code should be “translated” with the security card, where different marks are matching with designated numbers. If you suspect physical theft of your wallet, the Ledger wallet is a great option, because the price is low,  you can protect your wealth by using multiple hardware wallets.

Payment and delivery

The payment options for Ledger are bitcoin, Visa / Mastercard and Paypal. There are 3 different options for delivery. The fastest option is 2 – 3 days and the slowest 1 – 2 weeks. Of course, faster delivery means higher costs.

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Ledger Wallet
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