Mining

Monday, September 2, 2019

Ledger Nano Information


Ledger Nano is one of the popular hardware devices for the one interested in the cryptocurrency. This is due to its inexpensive nature combined with easy availability.

Ledger is founded in the year 2014 and its headquarter is located in Paris. This is also the popular Hardware Wallet like Trezor.



This device is small that mimics the shape of the USB pen Drive.  This is a small and compact device. It has two bottoms that are vital in controlling the information.

The working mechanism is simple which involves choosing the PIN and generation of 24-word seed that acts as the private key.

The recovery seed is vital in accessing the account when the device is lost or stolen. 

The hardware device is considered as secure as they use the screen in the device to verify the transaction. This prevents hackers from accessing the wallet even if they gain control over the computer.

Precaution While Buying


It is vital to buy the Ledger Nano from the official site and store. Buying ledger Nano from random sites exposes the risk of malware and other infection.

Supported Coin


Ledger Nano can support more than one thousand coins. The dominant coin like Bitcoin, Bcash, Binance coin, Cardano, Dogecoin, Etherium, and others are included.

How to Transfer Cryptocoin in Ledger Nano


Transferring the coin from the currency exchange to the Ledger Nano involves a simple process. Upon opening the Ledger live application passport is inserted. The receive on the left hand Manu needs to be selected. The QR code or Wallet address need to insert in the sending address.

In the menu, the account is chosen.

The device does not need to be online for sending of the cryptocurrency.

Summery


Ledger Nano is one of the popular hardware wallets available for the storing of the cryptocurrency. This is due to the enhanced security followed by the low price of the Device. Anyone cautious about the security of crypto coins can use the Ledger Nano.

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Ledger Nano Information

Ledger Nano is one of the popular hardware devices for the one interested in the cryptocurrency. This is due to its inexpensive...