As a matter of fact, buying, selling and managing cryptocurrencies in today’s crypto world is not just a simple thing. On the other hand, the most complex as well as significant challenge after buying cryptocurrency is, how to keep it safe. While probing to defeat this challenge, hardware cryptocurrency wallet is the obvious solution that ever-lasts.
Hardware Cryptocurrency Wallet
In general hardware cryptocurrency wallets acts as the safest as well as the desirable storage method for many cryptocurrency holders. Typically, these wallets colligate to a computer through an USB port or a handheld device via Bluetooth. It may be of several types, but each one has its unique place in the crypto world. In the same way, there are some reasons to prefer hardware cryptocurrency wallets
The Perks of Hardware Cryptocurrency Wallet
I. The information of the private key remains same in the hardware wallet which will never exploited to the working system.
II. The hardware wallets which are resistant to all malicious software that are built to root out private keys and steal funds.
III. If your wallet is lost, possibilities to recover your coins through the seed recovery phrase or another backup methods (BC VAULT).
IV. The hardware wallet will acknowledge you to ensue the transaction on your computer, before spending the coin. This symbolizes that no coin is spent without your knowledge.
V. Wallets are secured by encryption with a PIN code like debit cards, which adds more security to your digital assets.
VI. Multiple cryptocurrency support on most of the hardware cryptocurrency wallets
In order to head off the occurrent of stolen activities on your cryptocurrencies, here is the amazing combo - Trezor and Ledger Nano S. Leave your worries on how to safely store your cryptocurrencies and proceed further. At the end, hope you will make an educated decision.
Trezor and Ledger
Trezor, a hardware cryptocurrency wallet founded on August 2014, provides unbelievable security for the cryptocurrencies without letting the comfort. To point out, with the trezor, the transaction while in connection with an online device becomes simple and it also undergoes secure cold storage. It represents that with compromised computer, spending bitcoins is secure enough to sell and manage. While going for its physical appearance, Trezor is a tiny key sized device that interconnects your PC with an USB cable which stores your bitcoin and cryptocurrency private keys offline and signs transactions.
Ledger, another cryptocurrency hardware wallet is a shape of an USB drive inbuilt with robust safety traits in mind and is admirable at storing digital assets and furnishing a secure way to assassinate digital payments. This is more vital to point out that, ledger is congenial with any modern-day computer.
Attributes of Trezor
The following are the attributes that is what the trezor comprises
I. Encrypted GPG
II. SSF U2F Authentication
III. Supports 700 cryptos
IV. Airplane and X-ray safe
V. Simple backup and password manager
VI. Appealing and modern design
VII. Five star customer support
Here is the virtual representation about how to store cryptocurrencies on Trezor
Video Source : BTCKYLE
Attributes of Ledger Nano S
The following are the attributes of ledger nano s
I.Dual button management
II. Light weighted device
III. Simplicity and USB design
IV. Supports 700 cryptos
V. Secured with a presence of smart card chip
Vi. Own unique operating system BOLOS
Vii. Live ledger applications for Mac and PC
Viii. Easy backup and restore by passphrase
Here is the virtual representation about how to store cryptocurrencies on Ledger
Video Source : Ryan Scribner
The attributes of the both the devices’ physical appearance is given below
What Unites Trezor and Ledger?
Even though, there exists huge of divergence in attributes of the both, there are also some similarities. They are the following
I. Offline crypto wallet hardware
II. 24 word backup seeds and entry of pin codes
III. U2F security
IV. Multicurrency - Support over 700 coins
V. User friendly and high level of security
Here is the list of software which is supported by Trezor and Ledger
While analyzing these conceptions, both the hardware wallets ledger and trezor has its unique characteristics and exceptional caliber landed nature. Acquire this tremendous cryptocurrency hardware wallet support at Osiz Technologies, a leading cryptocurrency wallet development company offers end to end cryptocurrency wallet development services for all digital currencies. We chiefly focus to develop wallet with high security, scalability and reliability to stay in top at the cryptocurrency development business.
Stay connect with our cryptocurrency developers and feel free to clarify your queries.
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