The Ledger Nano X: More Info Here
This is a hardware wallet made by Ledger and it is their newest hardware wallet, wallets store a private key/iron key. In all honesty, it is a great wallet because it can support more than a 100 different apps and can store many types of coins. A cool feature is that it can connect via Bluetooth to your computer and it has a decent user interface. The Ledger Nano X is very safe because it's in a Cold Storage as in it is kept offline and this prevents anyone from stealing your private key because the wallets is kept offline.
When you purchase a Ledger Nano X you get a USB-C cable so you can connect the wallet to any computer. When setting up the device you will get a 24-word security key instead of other software wallets that could have about 12 to 20-word keys. A cool feature about this newer wallet is that you can connect it to the mobile app and add all the additional coin features on the app itself.
The Ledger Nano X is better equipped to be able to store and secure your crypto in an offline setting and the Ledger Nano X has more buttons in comparison to the Ledger Nano X. Read More Here
The Ledger Nano X has more storage space than the other Ledger hardware wallets and has a bigger screen size in order to see the transaction history and addresses. Read more Here
The Ledger wallets even allow you to transfer your crypto from their wallet to other wallets like Coinbase and vice versa so the main goal of this hardware wallet is a higher guarantee of the safety of your crypto.
In the end, for all its security features, extended apps, access to more coins, Bluetooth and a hardware wallet the rough price comes to around $120.
More Details on the Ledger Nano X
CoinBase Software wallet:
First of all, Coinbase is an online wallet in a way it is a paper and a software wallet where you can store and trade crypto.
Pros:
- It allows you to buy Bitcoin as well as transfer funds to your Bank Account
- It has a referral bonus of $10 when a referred person purchases over $100 and a free learning page where you can learn and earn crypto's at the same time
- In Coinbase there are about 50 different types of crypto's available and they have Smart Contracts available when buying and trading
- There is an exchange where you can trade your coins
- Staking is available on certain crypto's
- You can set up a recurring purchase with your bank account, allowing you to purchase a certain crypto every so often automatically
- It can be accessed from anywhere in the world
Cons:
- Not 100% safe
- Coinbase could close at any time
- You do not hold the private key
- There is a lot of KYC like Bank info, Credit card info and age verification
- More prone to losing your crypto
- There is a higher chance of being hacked
More Info on Coinbase Here
Questions
- What wallet(s) do you guys use?
- What are your thoughts on Coinbase and Ledger?
- What are your thoughts on closed and open-source wallets as well as Smart Contracts?
Thank you all for reading and would appreciate any tips, they are free and by all means is appreciated
