The Ledger hardware wallets are compatible with most major cryptocurrencies. A hardware wallet is a hardware device used to store a user’s private keys in a file that is not connected to the internet. These wallets are very versatile – for instance, Bitcoin and Bitcoin Cash can both be used with the Ledger wallets.
We have tested and reviewed the most popular digital and hardware wallets, so you don’t have to. So, if you are thinking about buying Ripple, or any other cryptocurrency but are concerned about security, you can still buy one today. Read below to find out how and why you might want to.
Ledger was founded in 2014 and now employs 80 people in three global locations. The company currently sells two wallets, the Ledger Nano S and the Ledger Blue. Two older models have been discontinued, while over one million Nano S wallets have already been sold.
Why use Ledger Wallets?
Most of the problems associated with cryptocurrencies have occurred as a result of exchanges being hacked. This has resulted in crypto assets being stolen from customer accounts. Hardware wallets are the safest way to protect cryptocurrency portfolios in an offline environment, meaning there’s nothing online for criminals to try to get their hands on.
How to use Ledger wallets with our preferred partner, eToro
Currently, eToro does not allow customers to move their crypto assets from the platform. However, they have announced that later in 2018, they will be introducing digital wallets from where it will be easy to move crypto assets to a hardware wallet like the Ledger wallets.
It advisable to only buy brand new hardware wallets from well-known resellers. A Ledger scam has been reported, which involved selling second-hand Ledger wallets on eBay. The wallets had been loaded with software which transmitted the contents of the wallet back to the scammers.
Paris-based Ledger is one of the two most prominent manufacturers of hardware wallets. The other popular manufacturer is Trezor. It’s always best to go with the companies with the best track record when looking for devices to secure your digital wealth. KeepKey and CoolWallet are two more recognised brands on the market.
Pros and Cons of Using Ledger Hardware Wallets
- The most secure method of storing cryptocurrency
- No fees for Ledger users
- A trusted brand for hardware wallets
- Some may consider the price of $99 quite high
- If you lose the wallet, your crypto assets will be lost too
Which cryptocurrencies are compatible with Ledger wallets?
Ledger wallets are compatible with the following currencies: Ark, Bitcoin, Bitcoin Gold, Bcash, Dash, Digibyte, Dogecoin, Ethereum, Ethereum Classic, Expanse, Hcash, Komodo, Litecoin, NEO, PIVX, PoSW, Qtum, Ripple, Starts, Stealthcoin, Stellar, Stratis, Ubiq, Vertcoin, Viacoin, Zcash.
The Ledger wallets are amongst the most highly regarded in the crypto industry. Ledger and Bitcoin, Bitcoin Cash, Ripple, Ethereum and most other major cryptocurrencies are compatible. They are very easy to use and offer you the safest way to look after your crypto assets.
Finding a good wallet to use with Ripple’s XRP is not always easy. Yet Ripple’s price has had some of the biggest swings in the crypto market, making it popular with crypto traders. Ripple is easy to buy through our preferred broker, eToro.
If you are wanting to buy Ripple, there are many payment options available to you – so you can get started right away with one of our preferred brokers. Now that you know about the Ledger wallets, you know that you’ll have a secure method to store your Ripple coins and you can go out and buy it today.
Not sure that Ledger wallets are for you? Read our other crypto wallet reviews to make sure you’ve chosen the option that suits your needs.