Ledger - Hardware Wallets for Crypto Assets and NFTs

A short overview of the Ledger Wallet and the setup process

Users are getting confused about the type of wallet that is best for keeping their assets safe. They could either opt for software wallets or hardware wallets. Both types of wallets are secured and good enough for the funds keeping. Let us suppose, you have opted to go with the hardware wallet. But how would you decide which hardware wallet is the best? Although, there are only two popular hardware wallets that are generally preferred by the public. And those are Ledger Wallet and the Trezor Wallet. And if you need a third-party opinion then you should go for the Ledger hardware wallet.

This content is for those who have decided to go with the Ledger and want to know about the account setup of its various devices. Continue reading the content further to know the details.

What are the features of the Ledger Wallet?

We have already established the fact that the Ledger hardware wallet increases account security. So, there is no doubt about the safety of the funds. But the iPhone users might not be able to use this device as it does not support any compatibility with iPhones and neither Bluetooth connectivity. Other than that this is a good wallet. Given below are the features of it:

• The investor gets plenty of options to choose from as Ledger Nano X supports more than 5500 digital crypto assets that are not to be missed. And if we talk about Ledger Nano S, then it supports more than 1500 currencies which is still more than the available currencies on the other software wallets.

• Out of both the ledger devices the Ledger Nano S is recommended if you are looking for a small and a cheaper wallet.

Setting up of Ledger Nano X

If you have the Ledger Nano X, then the below-mentioned steps are for the setup process. Do make sure that you perform these steps in the same sequence as they are mentioned:

1. 1.

1. Connect your Ledger Nano X with the USB to your computer device and then you will have to press the button that is right next to the USB port.

1. 2.

1. The button should be pressed till you see the logo of the Ledger Wallet.

1. 3.

1. Now you will have to press both the left and right buttons simultaneously, to set up both devices. But they are to be pressed when you see the option of ‘Set up as a new Device’.

1. 4.

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