Hardware wallets are physical devices to store cryptocurrencies. They contain private keys in an offline mode and can neither connect to the internet nor run complicated apps. Hence are considered safe from attacks.
While comparing various hardware wallets of superior quality, Ledger certainly gets the upper hand. It is one of the largest hardware wallet manufacturers in the world. Ledger was founded in 2014. The company, which has sold more than 2 million devices, is now the leading choice of users when it comes to the safety of their funds.
|Make sure you NEVER buy a Ledger Nano X or any other hardware wallet from eBay.|
|Get Ledger Nano S via the official web store|
Ledger wallets support 1000+ coins. It supports all ERC20 tokens on the Ethereum network. The popular ones being Bitcoin, Ethereum, Ripple, Polkadot, EOS, Litecoin and many more.
Ledger Nano S vs X: Compatibility with other devices
Ledger is compatible both with computers and smartphones. It supports Windows 8+, macOS 10.10+, Linux excluding ARM Processors. Along with this, Ledger is also compatible with Android 7+ smartphones.
Additionally, Ledger Nano X is also compatible with iOS 9+ smartphones.
When you boot your device for the first time, it helps you set a pin code. You can select the pin by toggling between the two buttons. Then you may confirm by pressing both the buttons simultaneously. By using this, only those who know the pin can access the device.
Then during the initialization of your device, you will receive a 24-word seed phrase. Whenever your device is lost or stolen, you can recover all your funds using this. The seed phrase is only visible in the hardware wallets screen. Therefore, the seed phrase must be stored offline and in a secure place.
Both Ledger Nano S and Nano X have certification level CC EAL5+.
Ledger Nano S uses secure element chip ST31H320 (secure) + STM32F042 whereas Nano X uses ST33J2M0 (secure) + STM32WB55.
Ledger uses a trusted computing base which is validated using cryptographic proofs. Users can verify the integrity of the device by performing an attestation check. They also prevent evil maid attacks.