Ledger Digital Currency Wallet

What is the Ledger Wallet?

From a French start-up who specialise in building personal security devices comes the Ledger Nano S wallet.

Like all cold-storage wallets the Ledger Nano S is a self-sufficient piece of hardware supporting multiple digital tokens. It also supports ERC tokens in conjunction with MyEther Wallet which is a nice touch.

Security is based on your private key being stored on the physical device itself, the key is never removed or manipulated so, for this reason, hacking it becomes super tricky. The usual care has to be taken when setting up the seed key/recovery phrase ensuring the phrase is never visible on a desktop screen or mobile device or your wallet could be compromised.

How does it work?

To get started you just need a recent version of the Chrome browser and a machine with a USB port. Ledger interacts with the computer through a Chrome plug-in which will need to be installed. That’s it! You are now good to go. Ledger even receives bitcoins whilst offline.

Ledger overview by Altcoinium

Ledger is a great piece of kit, our only gripe with it is the storage space. Some tokens require you to install an app on the device in order for them to see your wallet. The Ledger Nano S struggles with this and at most can only store 2-3 apps simultaneously. This can be annoying, if you are not near a desktop computer with a sufficiently up-to-date version of Chrome you will not be able to remove/add software required to house any new tokens you may wish to purchase. The installation or removal of apps is not restricted so you can install or remove as many as you want but you only have a specific amount of space to store them. As a result, you will need to think carefully about which tokens you need or want to carry around in your hardware wallet.

We think Ledger is an ultra-safe mobile wallet but wish it had slightly more space to install apps, required by tokens, to interact with the wallet.

Compatible with Web, Windows, Mac, Android and Linux.

Download the latest version direct from Ledger here.