What is the Difference Between the Ledger Nano X and the Nano S Plus?
Ledger is a company that produces hardware wallets, which are physical devices that are designed to securely store and manage cryptocurrency assets. These devices, such as the Ledger Nano S Plus and Ledger Nano X, store users' private keys offline, making them less vulnerable to hacking and cyber attacks. Ledger's hardware wallets are widely regarded as some of the most secure options for storing and managing cryptocurrency assets, and they offer a number of benefits including security, convenience, and compatibility with a range of cryptocurrencies. These devices can be purchased online or from retail stores that specialize in cryptocurrency and blockchain-related products.
Why are Hardware Wallets recommended?
Hardware wallets are recommended because they provide a secure way to store and manage cryptocurrency assets. Cryptocurrencies, such as Bitcoin and Ethereum, are stored in digital wallets, which are software programs that hold the users' private keys. These private keys are needed to access and manage the cryptocurrency assets, and it's important to keep them secure.
Software wallets, which are stored on a computer or online, are vulnerable to hacking and cyber attacks, as hackers can potentially access the wallet through the internet connection. Hardware wallets, on the other hand, store the private keys offline, making them less vulnerable to hacking and cyber attacks.
Hardware wallets are a good choice for people who want to store and manage large amounts of cryptocurrency assets, as they offer a high level of security. They are also a good choice for people who are concerned about the security of software wallets or who want to store their assets in a way that is less vulnerable to hacking and cyber attacks.
What are the main differences between the Ledger Nano S Plus and Nano X?
The Ledger Nano S Plus and Ledger Nano X are both hardware wallets produced by Ledger, a company that specializes in creating secure storage solutions for cryptocurrency assets. Both devices allow users to store and manage their cryptocurrency private keys offline, making them less vulnerable to hacking and cyber attacks.
The Ledger Nano S Plus and Nano X both support over 5,500 tokens and include features such as 24-word seed recovery, password management, asset management options, and more. The main difference with regards to technology between these two hardware wallets is that the Nano X, in contrast to the Nano S Plus, offers Bluetooth Connectivity.
Another difference is the price point, as the Ledger Nano X is higher priced than the Ledger Nano S Plus. The last difference is that the Nano X supports connectivity to iOS, whereas an Android app is available for both the Nano X and S Plus.
Consequently, the Ledger Nano S Plus may be the better choice for anyone who does not require Bluetooth connectivity and looks for a more cost-effective solution.
The Ledger hardware wallets should only be purchased through the Ledger website. There are certified retailers as well but be careful, as there have been instances of fake or poorly made hardware wallets being sold online.
You can find the Ledger website HERE.