How to store your coins safely on a Ledger wallet (Nano S or Nano Blue)
Hello Steemers
Carrying on with the How to build a bulletproof cryptocurrency portfolio (101) series, we are going to talk today about how to store coins safely using a Ledger Wallet (Nano S or Nano Blue).
As previously mentioned on the post Why you should have a Ledger Nano S or a Nano Blue? (https://steemit.com/curation/@aotearoa/why-you-should-have-a-ledger-nano-s-or-a-nano-blue) we spoke about the security of using a Ledger wallet hardware
It takes place that Ledger works out as a regular cryprocurrency wallet, but it is a multi-signature and a multi-currency one.
To perform transactions using a Ledger, one needs to set it up before (as shown in the video below)
Ledger Nano S video:
Credits to Boxmining's channel on Youtube: https://www.youtube.com/channel/UCxODjeUwZHk3p-7TU-IsDOA
Ledger Nano Blue video:
Credits to Johnattan Ross' Channel on Youtube: https://www.youtube.com/channel/UCBD5HxWFO0qy7cDnfwpZ6jQ
The best feature of those wallets, is that every single sending transaction must be verified manually using the wallet hardware (which is hacking proof). Also one can install many currency wallets on a single devive (up to 3 at the same time) using the Ledger Nano S. In order to do this you simple download a Google Chrome plugin and install/uninstall the apps in your harware wallet directly from your notebook.
It's also possible to recover your wallet's account and credits, by using the 24 word recovery card that comes along with your Ledger wallets, so that you won't loose your money (see pictures below).
In overall, Ledger has a very user-friendly platform and it's usage is also very intuitive, so there's no need to come into deep explanations here.
Even if you have credits in a wallet and you uninstall it from the hardware, your credits will be safe, and later on (when you need to use that currency, you just reinstall the wallet in the hardware wallet and, Voilá!
Well, I guess that's all for this post. Please let me now your thoughts and, if you liked this post, please #upvote, #resteem it, and follow me, and I will do the same. Together we can grow #Steemit even stronger!!!
Other posts of this series:
How to build a bulletproof cryptocurrency portfolio (101) - https://steemit.com/cryptocurrency/@aotearoa/how-to-build-a-bulletproof-cryptocurrency-portfolio-101
What is a bulletproof cryptocurrency portfolio and why should you have one? -https://steemit.com/cryptocurrency/@aotearoa/what-is-a-bulletproof-cryptocurrency-portfolio-and-why-should-you-have-one
Which coins I recommend to be stored and their distribution -
https://steemit.com/cryptocurrency/@aotearoa/which-coins-i-recommend-to-be-stored-and-their-distribution
How to pick other promising altcoins - https://steemit.com/cryptocurrency/@aotearoa/how-to-pick-other-promising-coins
What's the mining process, and why is it so important to the bulletproof portfolio strategy? - https://steemit.com/cryptocurrency/@aotearoa/what-s-the-mining-process-and-why-is-it-so-important-to-the-bulletproof-portfolio-strategy
Eobot complete tutorial - https://steemit.com/curation/@aotearoa/eobot-complete-tutorial
Genesis Mining complete tutorial - https://steemit.com/curation/@aotearoa/genesis-mining-complete-tutorial
Plan C Mining complete tutorial - https://steemit.com/curation/@aotearoa/plan-c-mining-complete-tutorial
Why you should have a Ledger Nano S or a Nano Blue? - https://steemit.com/curation/@aotearoa/why-you-should-have-a-ledger-nano-s-or-a-nano-blue
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