Ledgerwallet wallet review

Ledgerwallet
Intuitive Ease of use,  High Privacy,  User Private Keys Stored

The Ledger devices are up and coming hardware wallets which are fast giving Trezor a run for its money. The sleek design, multiple currency support, and low price set it apart from its competitors. The open source platform allows developers to adapt the devices to their own needs. An excellent choice for any user.

Through open source development the Ledger has made safe storage of multiple currencies possible. They are also translating the existing software to multiple languages, those listed above are just the beginning. The only thing missing is exchange functionality. It's about time they integrate with an exchange to allow more functionality.

Company / organization behind the wallets

The Ledger have created numerous devices depending on the users needs. The are a French company with offices in Paris, Vierzon, and San Francisco. The Nano S is just hit number 8 on Amazon's top selling computer accessories in October 2017. So its fast becoming one of the most popular wallets available. Ledger also has another hardware wallet called Ledger Blue with a touch screen and Ledger Vault a fully customizable enterprise suite for hedge funds and banks.

Language Support

  • Bulgarian
  • Chinese
  • English
  • French
  • German
  • Italian
  • Norwegian
  • Polish
  • Portuguese
  • Spanish

Supported Systems

  • Windows
  • OSX
  • Chrome OS

Ledger has an exceptional security reputation and its market share is growing. They use Fldo Universal second factor standards for authentication. This means it would basically be impossible to hack the device. Furthermore, There are 2 buttons on the actual device which are used to verify a transaction meaning it would be impossible to move coins without the actual device.

Summary:

Security
Average
2 Factor Authentication
Yes
Multi-Signature
Yes
Private Keys Stored On
User
Storage Type
Cold storage
Transactions Validation
Centralized validation
Hierarchical Deterministic
No

What happens in the event of a disaster/theft/loss?

The user has a 'root key', 'recovery phrase' or 'word seed' that can be used to regenerate private keys.

If you've used a hardware wallet before, you'll have no trouble with the NanoLedger. PIN and recovery phrase setup are simple. The device provides intuitive access to your data using two buttons and a screen. Most everyone notices the sleek design, which is compact and stylish.

Summary:

Ledger is a popular open source hardware wallet that offers storage for many currencies and software in multiple languages, but with no exchange features. It is known for its security and has a reputation as being unhackable. They have a modern sleek design and are pretty intuitive to use.

Ease of use
Intuitive
Suitable For
Millennials
Account activation process
Involved
Transaction fees
Dynamic Transaction fees, Set up fees
Setup fee
$77.00

Through open source development the Ledger has made safe storage of multiple currencies possible. They are also translating the existing software to multiple languages, those listed above are just the beginning. The only thing missing is exchange functionality. It's about time they integrate with an exchange to allow more functionality.

There are none

Help and support:

  • FAQ section
  • Contact form
  • Email
  • In person

Most common customer complaint:

Storage space is limited