Is Ledger Nano s safe to use?
Ledger Nano S as well as hardware wallets in general is considered a safe cryptocurrency wallet. It provides several layers of security so breaking its protection is definitely a tough task. What makes Ledger Nano S especially safe is that it stores the keys safely in a “place” that cannot be reached by strangers.
Trust Wallet is a fast and secure multi-crypto wallet with Binance DEX support, designed for ease of use and perfect for storing crypto assets.
Ledger launched the Ledger Nano X in March 2019.
The Ledger Nano X will be easier to use. It can connect via Bluetooth to Android and iOS devices, so you won’t need a computer to configure it up.
It’s up to you whether the easy setup and ability to use with iOS devices is worth the extra money.
The Ledger Nano S also requires the user to create a PIN code on setup.
The PIN code helps prevent the loss of bitcoins (BTC) in case you lose your device.
A stranger would not be able to send bitcoins from your Nano S because he/she would not know your 4 digit pin code. After three incorrect guesses of the pin code the device wipes itself.
Ledger no longer uses anti-tampering seals, since it is easy to counterfeit them. An anti-tampering seal could, therefore, give a misleading sense of safety.
Instead, Ledger has opted to provide software tools to verify that the piece of hardware is genuine and/or has not been tampered with. This software is called “Root of Trust”.