The time to purchase a Ledger Nano is now! No matter how much cryptocurrency you acquired and accumulated, if you do not store it in a safe wallet it can all be gone in a matter of seconds. Hacks, lost phones, bankrupted exchanges, a spill on a computer are among the many horror stories that could cause you and me to loose all of our crypto. Such a paranoia!
For me "hodling" cryptocurrency was becoming stressful. Just the idea of losing my phone was a border lining panic attack.
Fortunately with one purchase and few simple steps I now feel that my funds are SAFE. What an accomplishment after months of procrastinating. I now know for sure that my crypto is safe from all the scenarios mentioned above, stored in a hardware cold storage device from Apple called Ledger Nano S. It cost me $59.00 plus tax and shipping but certainly a great investment to have peace of mind.
The feeling of true control over my Bitcoin and alt-coins was quite recognizable and different from the fear I was feeling before. My fear of loosing my crypto did not come from owning a lot of it. On the contrary, the fear existed because as a family we cannot afford to loose what we have. Or in this case just simply give it away that easy. I am glad I took action and the feeling of control and confidence has been stablished.
I now miss the bank a lot less. I transfer to exchanges just coins that will be traded, and once a trade is complete I transfer funds or profits back to the ledger. On my phone I only carry spendable coins such as BTC and LTC. Just enough to make small purchases, very similar to the amount I carry in fiat currency in my wallet. I go on with my life and occasionally I check funds on my ledger just like I do my bank account.
Few features that I love about my Ledger Nano S
Security: Private key is never exposed. It is protected with a secure chip locked by a Pin code
Multi Currency: The Ledger Nano supports over 1100 cryptocurrencies
Back up: Crypto stay safe even if the device is lost or destroyed. A confidential recovery phrase backs up the device and the funds are restored on a new ledger device. In my case I wanted to protect my recovery phrase against all the elements as well so I acquired a Cryptosteel device to enhance my security.
I will certainly be writing in more detail about my experience with my Ledger Nano S, create a set up video and more. I think it is necessary for many to know and understand this device. I soon will upgrade to the Ledger Nano X and give it as try as well.
I wanted to note that there are certainly a variety of hardware wallets in the market today. Be sure to invest in one as it will certainly increase your level of security and with that your peace of mind. If you decide to get the Apple devices please use my referral link as it certainly gives me a small push to continue in this educational journey. shop.ledger.com