We've all heard the horror stories...
Coincheck getting hacked for half a billion dollars in $XEM coins.
- Had the exchange followed the NEM team's protocol, all those coins would still be in customer accounts.
Shenanigans on Binance leading to the temporary suspension of accounts.
- Binance is super serious about security and no funds went missing.
Point is, it's never a good idea to keep significant amounts of crypto on ANY exchange. Small amounts are fine for trading purposes, but if you're serious about your digital assets, you keep your bags in a hardware wallet.
Because, as a recent Proof of Keys event helped reinforce, "not your keys, not your crypto!"
Coins and tokens you keep on exchanges don't technically belong to you because you don't own the keys to the accounts.
Upgrading a Classic
The Ledger Nano S has been an industry mainstay for years. Anyone who's serious about keeping their crypto on lockdown uses a Ledger or Trezor or maybe even the Finney smartphone from Sirin Labs.
Ledger has taken the popularity of its flagship model and made it even better...
Mobile Operation
I doubt many people make it a habit of taking their hardware wallet wherever they go. Kinda defeats the purpose. So, if one of your coins starts to moon and you're not near your Ledger device, you can do nothing until you physically interact with it.
Courtesy of the Ledger Nano X's Bluetooth chip, there's now a mobile application allowing you to interact with your entire cold stash.
Room for More
One of the Nano S's shortcomings is its ability to store all you'd like it to. You may run out of storage space and require yet another device.
Well, is over 100 good enough for you now? The X comes with a 6X storage upgrade over the S model.
I See You
Every millimeter counts when you're dealing with a tiny, handheld device in need of physical interaction.
The new X model features a bigger, brighter screen to enhance usability.
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Here's a little taste of the Ledger Nano X in action:
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Final thoughts...
Secure accessibility from a mobile app is yet another step towards the speed and convenience crypto is meant to offer.
The hardware is currently in pre-order, and the App isn't expected to release until the end of January 2019.
What do you guys think about the new Ledger Nano X?
Will you be picking one up for yourself?
Peace and love to all my international crypto-nauts out there!
~ BlockchainAuthor
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DYOR
Disclaimer: This isn't financial advice. What you do with your funds is your decision to make. If that decision proves too difficult for you alone, please consult a qualified professional. The above content is speculation and personal opinion.
