Home Cryptocurrency Beginner’s Guide Storing Cryptocurrencies on a Hardware Wallet

Storing Cryptocurrencies on a Hardware Wallet

A hardware wallet allows users to store private keys for crypto currencies in a secure hardware devise. The major advantage of hardware wallets over standard online wallets is that these devices typically cannot be hacked. The only risk is losing the hardware wallet. So as long it is stored in a secure place, they are a great way of keeping cryptocurrencies safe.

There are two hardware wallets we recommend: the Ledge Nano S and the KeepKey

Ledger Nano S

The Ledger Nano S is a Bitcoin, Ethereum and Altcoins hardware wallet, based on robust safety features for storing cryptographic assets and securing digital payments. The devise supports are huge range of cryptocurrencies.

It connects to any computer (USB) and embeds a secure OLED display to double-check and confirm each transaction with a single tap on its side buttons. The Ledger Nano S has a sleek design and is small enough to be stored securely in the home or office. Priced at only 79.00 €, the Ledge Nano S is a smart way for securing cryptocurrencies.

How it works

  • Connect the Ledger Nano S via a USB to a computer
  • Press both buttons to get started
  • Configure the devise
  • Choose a PIN code that will be required in the future when accessing the device
  • Install applications for various cryptocurrencies you wish to store

Find out more

To find out more, check out the manufacturer website www.ledgerwallet.com

KeepKey

The KeepKey is a hardware wallet that secures bitcoin, ethereum, litecoin, dogecoin, dash, and namecoin. This cryptocurrency storage device boast bank grade security combined with straight-forward functionality.

When using the KeepKey USD device, each and every transaction made must be reviewed and approved via its OLED display and confirmation button. It becomes nearly impossible for virtual attackers like malware or viruses to steal valuable cryptocurrencies. Priced at a reasonable $129.00 USD, the KeepKey is a great option for those wishing to secure their cryptocurrencies without use of online wallets or paper wallets.

 

How it works

  • Connect the KeepKey via a USB to a computer
  • The devise will initialize and generates a private key
  • A one-time opportunity is given to write down a backup of the KeepKey in the form of a twelve-word recovery sentence
  • Once configured, users can then transfer cryptocurrencies onto the device

Find out more

To find out more, check out the manufacturer website www.keepkey.com