Ledger Nano S information
Description
The Ledger Hardware Wallet is one of the best-known and most secure wallets in the cryptospace. Ledger is very popular because of its ease of use and the many coins it supports. At the height of 2017, there were hardly any hardware wallets from Ledger to buy.
Different variants
There are now different versions of the Ledger Wallets. On the one hand, there is the Ledger Nano S, on which you can manage up to 6 different coins. This is also one of the main differences with the Ledger Nano X: with the Nano X, you can store significantly more coins on the stick at the same time.
User-friendliness
The sticks are basically very user-friendly. Simply plug it in, install the software and all further steps are explained in simple terms. One small drawback is definitely the language. Unfortunately, the software is currently not available in German. Basically there are a lot of YouTube videos demonstrating the setup, but some users don't really feel comfortable with it.
The company
The issue of security is a decisive reason for a purchase, especially with the Ledger System. Ledger was founded in 2014 by eight experts with complementary backgrounds in the field of security, cryptocurrencies and entrepreneurship, based on the idea of creating secure solutions for blockchain applications. The company has over 130 employees in Paris, Vierzon and San Francisco, according to its website.
Security
Ledger is one of the safest systems on the market. In principle, you could even say that a ledger is more secure than a paper wallet. Thanks to the pin and the automatic reset in the event of incorrect entry, a ledger keeps its promise even in the event of theft.
Questions & answers
We have summarized the most important questions and answers about this provider for you and tried to answer them.
- Is there a simple Ledger Nano S guide?
- Is the Ledger Nano S also available in German?
- Ledger Nano S vs X - what's the difference?
- Are there regular free updates?
- Is it difficult to set up the wallet?
Is there a simple Ledger Nano S guide?
Yes, there is a simple YouTube video on Krypto Magazin. This video explains step-by-step how to set up a Ledger Nano S. The video can be found at: https://www.youtube.com/watch?v=ymbYSSuQTns
Is the Ledger Nano S also available in German?
As already mentioned in the description, there is currently no German version. We are also curious when this will come.
Ledger Nano S vs X - what's the difference?
The main difference is the storage capacity. Many more different coins can be managed at the same time on a Ledger Nano X. So if you only have Bitcoin, a Ledger Nano X is completely sufficient.
Are there regular free updates?
Yes, so far there have been regular updates and important information in connection with the cryptocurrencies managed. So far, all updates have always been free and included in the once-off price.
Is it difficult to set up the wallet?
The user guidance for installation is quite simple and each step is partly represented graphically. However, it doesn't hurt to speak a little English. If you still have problems, we recommend that you look at the corresponding instructions on YouTube. With the help of these instructions, it should be feasible to install.