As a new or would-be user of Ledger Nano, your curious mind may want to know - is ledger wallet safe? You may even doubt its security seeing the frequent unfortunate hacking occurrences around you.
But, do you know something, every series of Ledger Nano unlike the common and cheap hardware wallets, is built with the most sophisticated and self-innovated technology of the Ledger developers.
Let’s give you a complete detailed view of both Ledger Nano S and X to help you be sure of their invincibility. Here we go!
Ledger stores all your crypto currencies offline instead of online. This is the cogent reason for the wallet being grossly safe for you. It is so safe that it possesses the CC EAL5+ certification for impeccable security.
To ensure the maximum security for the users in a unique and in the best possible way, Ledge Nano X comes with a BOLOS operating system that is not bought and secured by another company.
Instead, it is an operating system of the Ledger Company itself and is constantly maintained by a group of highly skilled experts.
This is how a Ledger wallet has no probability of coming with or being attacked with spyware.
Just like the BOLOS OS, this app is another extraordinary innovation of Ledger Nano X developer. This is an extremely user-friendly app that you can install on your laptop or desktop computer and get your wallet connected with it.
Once the connection is achieved, you can install necessary apps on your device from the officially recognized site of Ledger. Again, using the site you can buy/sell, borrow/lend or exchange your crypto in a most secure way.
Via a Bluetooth connection you can connect your phone or tab to the hardware wallet. Although, using Bluetooth might slightly be threatening yet you have not to be worried at all regarding security.
Well, first of all, you can transfer only public data through the connection. So, the private keys and seed are never sharable even in your subconscious mind.
Then, even if any hacker is able to break the Bluetooth security and is able to make changes keeping you unaware, the Security Element of Ledger Nano X will ask your permission.
At the time of securing a connection between your device and the live app, you will be asked to write down 24 unique words as suggested (order and spelling) by your device.
Next time, you try to secure the connection through a new wallet or anyone else tries to do so or you try to reset the password, both you and the hacker will have to pass the word matching test.
The wallet besides offering you maximum security from inside is equally rough-and-tough from outside. Being manufactured with brushed stainless steel and premium plastic, it can easily digest accidental hits and falls.
The wallet is essentially produced based on dual chip architecture that the passport and credit card authority use. At the same time, cryptographic attestation ensures the firmware integrity.
Just like the Ledger Nano x this one is also powered by BOLOS, which is an exclusive proprietary operating system developed by Ledger for you. The system creates an individual safeguard around each app on your device to protect that against the application attackers.
In short, the gadget is able to resist the attacks of the highly potential hackers. Thereby, your key is never exposed.
The wallet, besides being a safe storage for your hard-toiled crypto, allows you easy access to your account at anytime and anywhere through the Ledger Live App.
The app just like the OS is a self-innovation of Ledger group that is not shared by the users of other wallets. Therefore, it is almost impossible for anyone to be in between you and the ledger app.
Unlike Ledger Nano X, the Ledger Nano S doesn’t offer you a Bluetooth connection facility. Instead, you are supplied with a USB cable to get the wallet connected to your 64-bits desktop computers including Linux, macOS 10.10+, Windows 8+.
Because of the cable you will get more relief although the Bluetooth connection, as we have said earlier isn’t penetrable.
When you are successful in forming the PIN code and confirming it, a series of 24 unique words will be displayed on the screen.
These are the words, which form the heart of the security of your crypto currency. As soon as none can reach these words, your currencies are stored securely. Again, using these words, you can recover your lost or damaged Ledger Nano S account.
To your utter surprise you will find this gadget to be as strong outward as it is inward. Its outer covers are manufactured with brushed stainless steel and premium plastic.
The combination gives the device the robustness of an elephant that none can tamper. So, no need to use an anti-tampering sticker to safeguard your digital wallet.
Ans : A Ledger Nano wallet that can be of s or x series is a hardware wallet to store your crypto currencies offline.
Ans : Although there is a minimal record of hacking once yet the upgraded versions are invincible.
Ans : Using the 24 recovery phrase you can recover the account in a new wallet.
Ans : Every series is made to last for a minimum of 5 years at least.
Ans : Both wallets are good from every perspective and now the choice is up to you.
To be concise, both Ledger Nano X and S are equally equipped with all kinds of inner and outer security provisions to offer you the maximum assurance for your assets. So, stop thinking negatively and asking- is ledger wallet safe; rather have one soon and spread your good experience among others.