The world of cryptocurrencies has come to stay with us. We cannot be oblivious to the technological advances that surround us.
Until now, the place where we kept our money was banks and at home. The current trend is to use digital money. And we have to adapt to current technological advances. The blockchain (chain of blocks) is a present and above all a future.
Having a safe way to store our cryptocurrencies is essential for the development of our personal economy. Protect them from theft, cyber attacks, etc. We can leave them in the Exchange, but in recent times we have witnessed that some of these companies stop working and we lose everything.
The solution is cold wallets and more specifically those based on hardware. And for me the best is the Ledger.
Ledger has created a device that provides us with a reliable and effective solution. Giving us a secure way to store and manage our digital assets.
Ledger is a company founded in 2014 in France, which has specialized in creating hardware wallet solutions to store cryptocurrencies. Devices that store private and public keys.
The functions that these wallets perform are numerous:
Creation of keys: They create the public and private addresses of the coins. Essential data to be able to receive and send funds.
Signature of Transactions: When we make a withdrawal of funds from our wallet, this small device signs the transaction with the private key. If that signature is not created, the operation cannot be performed. The private key never leaves the device.
Secure Offline Storage: These small devices are considered safe as they are not permanently connected to the internet. You only have to connect them when you want to send funds. To receive it is not necessary to connect it.
Control of funds: We have total control of the funds, unlike the funds we have in the Exchange, which we never know where they are or if they still exist or the administrators have taken them.
Many types of coins: The number of coins they can manage are many and they are adding more coins every day. In one place we can have almost all of them. There is always some currency that is missing, things from a market with very fast changes
All these features are useless if we do not follow a series of tips or rather obligations.
Make sure you buy your Ledger directly from the official website. Never buy it from sales portals (Amazon, Alibaba, etc.) to avoid the possibility of receiving a counterfeit or tampered device.
Save your recovery phrase like cash. If someone gets it, they can rob us. It is essential to keep the keys in a safe place.
I use Ledger Nano S Plus, which I see as the best value for money, even if it is not the superior version.
In this link you can go directly to the manufacturer’s website.
And remember: The first investment is in education and the second in developing what has been learned
