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Do you want to invest in crypto? Or do you already own cryptocurrency? Whatever your situation, you need to think about how properly store and secure your assets. More importantly, the time to reconsider your crypto security setup has never been better! Crypto storage leader Ledger has just released a package that allows you to start your crypto adventure safely.
What is a crypto wallet?
By definition, a cryptocurrency is an digital currency. This means you can’t hold bitcoin in your hand. The other great feature of cryptocurrencies is that they operate in an open, peer-to-peer environment. As such, no bank or agency has authority over your digital assets, and you are their sole owner. As a responsible owner, you are therefore liable for securing your cryptos once you have purchased them.
If you are managing your cryptos responsibly, you will probably want to store your cryptos for the long term in order to reap benefits of a significant appreciation in value. Conversely, if you’re more into trading, a secure storage will be a temporary medium for you to park your coins between purchasing and selling. In any case, the crypto storage solutions on the market are aimed at all investor profiles.
In order to take custody of your coins, you need to use a personal “wallet”. What is a personal wallet? In a nutshell, it is a medium on which you can store your digital assets, be it cryptocurrencies, tokens or NFTs.
There are two main categories of wallets. Simple digital wallets, also known as “hot wallets” allow you to store your crypto assets online. It means that you can always access your assets via few taps of a button. They are not a recommended option by security experts, because they are relatively easy to compromise. Alternatively, cold wallets are a more secure solution. They are designed to give you offline crypto storage. These wallets look like USB sticks, and enable you to access, send, and receive digital assets without exposing them to hacking and other security threats.
Ledger, the champion of crypto storage
Ledger is the cold wallet specialist company. Its two flagship products are the Ledger Nano S and the Ledger Nano X. These two products are known to be among the best on the market and are recommended by numerous cybersecurity experts.
On the one hand, they allow you to store a very large variety of coins, including bitcoin (BTC), ether (ETH), dogecoin (DOGE), NFTs, and much more. However, you should be aware that not every altcoin is supported by certain hardware devices. With Ledger, you can store over a thousand different digital assets. This allows you to not restrict your investments to only the top coins but also explore more exotic options. This is a huge advantage over most online wallets that can handle only a select few digital assets.
In addition, Ledger wallets are extremely easy to use. The initial setup is clear, quick, and clean. Once you’ve purchased cryptos on an exchange, you simply connect your Ledger to your device (smartphone or computer). All that will be left for you to do is store your cryptos. You can also complete these actions directly from your smartphone with the Ledger application.
The main advantage of Ledger is that it’s a very secure storage medium. Indeed, Ledger products allow you to store your crypto in an offline cold storage. At the moment, this is considered to be one of the most secure options. Unfortunately, the cryptocurrency industry is not spared from cyberattacks and theft. With the extraordinary hype it has received in recent months, cryptocurrencies are notorious for attracting malicious actors that seek to take advantage of inexperienced newbies.
It’s true that cryptocurrency online storage has come a long way. However, it is not difficult to understand that the best way to protect yourself from cyberattacks is still to not leave your cryptos online and on exchanges.
Ledger’s new package for getting started in crypto
To take your first steps in crypto, Ledger offers a new crypto beginner package that includes:
- Ledger Nano S;
- A PDF guide;
- A $25 voucher.
With this package, Ledger intends to provide your with solid ground for taking your first steps in crypto. Moreover, Ledger doesn’t just offer its Nano S device alone. In addition to the wallet, you will have a comprehensive guide that gives you handy security tips to help you when you want to invest in crypto. For example, this book allows you to quickly familiarize yourself with important crypto concepts such as blockchain, Bitcoin, cybersecurity, and more.
In addition, the voucher allows you to buy your first cryptos on the Coinify exchange. This voucher is mailed within 14 days after your purchase. It is valid for any crypto purchase greater than or equal to $50. To redeem it, simply enter the promo code from the Ledger Live interface.