When investing in bitcoin or cryptocurrencies in general, securing your funds from hackers should be your main priority; and using a hardware wallet is one of the best solutions we have right now. The Ledger Nano S and the Ledger Nano X is one of the best hardware wallets that’s currently available, especially for your typical bitcoin or cryptocurrency investor. If you’re looking into purchasing one, this is the guide for you.
Should I buy a Ledger Hardware Wallet?
The Ledger Nano S and the Ledger Nano X are a few of best hardware wallets we have right now in the market. If you’re funds are stored using a hardware wallet, it means that your funds are safe, regardless if you’re computer is clear of malware/viruses or not. Just make sure that your wallet’s recovery seed is only stored non-digitally, preferably, on pieces of paper.
Where should I purchase a Ledger Hardware Wallet?
You have a few choices on where to purchase a Ledger Nano S/X:
- Online shopping sites(Amazon, eBay, etc)
- Second-hand devices from various marketplaces
- Ledger’s official website(Ledger.com)
So, where should you buy?
While there may be slightly cheaper Ledger wallets on other websites, we still heavily suggest that you purchase a Ledger wallet from the Ledger official website itself. While it’s very difficult to tamper with a Ledger wallet’s hardware, it’s not impossible. Regardless if you’re holding a million dollars worth of cryptocurrencies or even if you’re holding a thousands worth of cryptocurrencies, save yourself the potential future headaches, and purchase from Ledger.com instead. The $10-$20 you could potentially save from purchasing from other websites is definitely not worth the risk.
The Ledger Nano S vs the Ledger Nano X
In terms of security, the security between these two devices should be pretty much the same. The only advantage the Nano X has over the Nano S, is that the Nano X has significantly more memory(hence more coins/token apps to install), and that the Nano X has bluetooth enabled. As we speak, the Nano X is around $140; so if you’re willing to spend around $70 more for the higher memory and for the bluetooth functionality, then we suggest going for the Nano X.