This technology is used by many high-level businesses to secure their transactions and other sensitive data. It is also important to note that the Ledger Nano utilizes EAL5+ smartcard technology. You can just purchase a new Ledger wallet and put your money in the new cold wallet by using the Chrome plugin. Your money won’t be lost (as is the case with all of the Ledger wallets) if you end up misplacing your Ledger Nano. The Ledger Nano offers you a great level of security even with its tiny price tag.
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However, it was not cheaply made, and it is for people who do not have a lot of Bitcoinsor other crypto assets but just need a secure offline place to store them. The plastic device features an aluminum swivel cover with a brushed finish, and it is very simplistic, but you will know why when you look at the price. Inside the packaging, you can also find a recovery sheet, a simple manual, and a security card in a black faux leather pouch.Īlthough some rough edges are visible upon closer examination, I have no major complaints about the build quality. No micro-USB to USB cords needed and no Bluetooth compatibility, it is just a smartcard that gets inserted into a device’s USB port.
It is roughly the size of a small flash drive and even thinner than most USB sticks, measuring 39 x 13 x 4 mm (1.53 x 0.51 x 0.16 inches). It is incredibly lightweight and weighs only 5.9 grams (0.013 pounds). The Ledger Wallet Nano is a compact USB device based on a smartcard. The wallet was launched in early December 2014, and it is the most affordable hardware of its kind on the market. That’s the reason why I am going to explain it in plain language, describing what makes the Bitcoin Ledger Wallet Nano tick. However, this tech-heavy description does not mean much to the average consumer.
It aims to eliminate a number of attack vectors through the use of a second security layer.
The Bitcoin Ledger Wallet Nano is a new hierarchical deterministic multisig hardware wallet for bitcoin users.
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