Post
Topic
Board Wallet software
Re: Hardware Wallets and the Ledger Nano App
by
BitcoinNewsMagazine
on 09/11/2016, 21:10:27 UTC

You can still buy a Ledger Nano (original design) that required the security card. The new Nano S does not and is a better wallet in all respects, also works with Mycelium on Android. The Nano S is twice the price of the Nano about $64 and worth it.

I expect to use a hardware wallet for long term storage, making very infrequent send transactions.  [I will maintain a separate less secure hot wallet containing much less BTC for spending.]   With the Ledger Nano, I can keep the "security card" in my safe deposit box (and perhaps a hidden version on my computer) so that if a robber obtains my Ledger Nano and my PIN, he still cannot get my bitcoins.  Why is this inferior to the Trezor or Nano S?

The Ledger Nano S can be restored from seed directly input on the device itself. That means there is no possibility of malware stealing your seed if you have to restore your wallet. The Nano S also stores private keys for Ether and Ether Classic, as well as Litecoin. It can be used for secure login on U2F sites like Google and Dropbox. More coins will probably be added. Nano S is just a giant step forward from the Nano so why save a few bucks. Get the better wallet. Your money your decision.