What is the best bitcoin wallet? / first part - Ledger Nano S.

Ledger Nano S.

Ledger Nano S is a hardware wallet from a French start-up.

It’s like a USB drive which connects to any USB port. It doesn’t have a battery and only starts up when plugged into a computer (or mobile device).

The Ledger doesn’t come with an anti-tampering sticker as its cryptographic procedure checks for integrity of the instrument when powered on.

It also comes with an OLED screen and two side buttons for confirming transactions.

When you configure your Nano S as a new device, you need to set up your pin code in order to secure your wallet. After that, note down and store your 24-word recovery phrase. This recovery phrase can be used anytime to restore your bitcoins.

With this wallet, your private keys are stored offline, so you need not worry about the safety of your coins.

Nano S is also the cheapest multi-currency hardware wallet ($65).

The current list of Nano S supported cryptos:

BTC – Bitcoin
ETH/ETC – Ethereum/Ethereum Classic
XRP – Ripple
LTC – Litecoin
DOGE – Dogecoin
ZEC – Zcash (Z-addresses not supported)
DASH – Dash
STRAT – Stratis
(coming soon) XMR – Monero

Note: You should always use a hardware wallet when you have a lot of bitcoins or altcoins.