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It’s 2023, NFTs have been through the ringer and chewed up and spit out by the masses. Crypto has always been in the doghouse no matter how the market is.
The one thing that hasn’t changed is asset security. If you’re interested in the space and have any significant amount of capital invested in it, then it’s time to ditch the hot wallets people.
As a cryptocurrency enthusiast and NFT collector, I am always looking for the best ways to secure my assets. After trying out several wallets, from hardware to software, I can confidently say that the Ledger wallet is the best hardware wallet you can use to secure your crypto and NFTs.
Table of Contents
Ledger offers unparalleled security
To start, the Ledger wallet offers unparalleled security. It is a hardware wallet that stores your private keys offline, making it virtually impossible for hackers to steal them – unless you are just reckless.
Turn off Discord DMs and be wary of all links!
Having a wallet that has its’ private keys stored offline means that even if your computer or mobile phone gets hacked, your digital assets will still be safe in your Ledger wallet.
Ledger is tamper-proof
The device is also tamper-proof, ensuring that your private keys are safe from physical attacks. You can set a 6 or 8-digit PIN code that you need to enter each time you access your wallet, adding that much needed extra layer of protection.
Additionally, the Ledger wallet also has a feature called a “seed phrase,” which is a unique set of 24 words that you will need to write down and keep in a safe place. This seed phrase can be used to recover your wallet in case you lose your device or forget your PIN code.
DO NOT LOSE YOUR SEED PHRASE! I almost had a heart attack one time. Not fun.
Ledger supports more than just Ethereum
The Ledger wallet supports a wide range of cryptocurrencies, not just Ethereum. This makes it a versatile wallet that can be used to store all your digital assets in one place. The device supports ERC-721 and ERC-20 tokens – Ethereum, WRLD, Polygon, APE, LINK etc.
It’s easy as hell to use – once you learn it
After the initial setup of your new Ledger wallet – which can be cumbersome, the device eventually becomes incredibly easy and seamless to use. You can connect it to your computer or mobile phone with the included USB cable or Bluetooth, and the device will guide you through the setup process.
Once set up, you can access your cryptocurrencies and NFTs with ease, with the peace of mind knowing that they are stored in a highly secure wallet.
It also just kinda feels cool to use the Ledger, if you’ve never used a hardware wallet before – it adds another layer of immersion when you take self-custody over your assets.
The peace of mind is worth it
Being an NFT collector since the summer of 2021, I am always on the lookout for the best ways to store and manage my NFTs. Previously I solely used software wallets like MetaMask and Rainbow wallet – which are great wallets in their own right, but the subconscious paranoia of clicking a link and having my wallet drained never went away.
I wrote a guide for setting up a Rainbow wallet, you can read it here.
Anyways, the Ledger wallet offered the solution to that paranoia. It supports the storage of all the cryptos I could want as well as ERC-721 tokens, which are the tokens used for NFTs. This means that you can use your Ledger wallet to securely store all of your assets.
Storing your NFTs in the Ledger wallet ensures that they are easily accessible. The device is easy to use, and you can access your NFTs with just a few clicks. This means that you can easily manage your NFTs without worrying as much about their security. I have to stress as much because no wallet can protect someone from themselves!
Also, storing your NFTs in the Ledger wallet ensures that they are easily transferable. The device supports the transfer of ERC-721 tokens, which means that you can easily send and receive your NFTs without any hassle.
Ledger Live Desktop App
The Ledger wallet also offers a program called “Ledger Live“, which is a great desktop and mobile app that allows you to manage all of your cryptocurrencies and NFTs.
The app is easy to use, and it offers several features that make it easy to manage your digital assets. For example, the app allows you to buy and sell cryptocurrencies, view your transaction history, and manage your NFTs – all in one place.
Just remember to keep your firmware updated! (The orange bar at the top)
Nano S Plus vs Nano X vs Stax
In terms of pricing, the Ledger wallet is pretty reasonably priced, considering its features and security. The wallet is available in three models, the Ledger Nano S Plus, Ledger Nano X, and Ledger Stax.
Ledger Nano S Plus - $79
The Ledger Nano S Plus is the cheaper option and an upgrade from the previous Nano S, priced at $79 and it offers all the essential features of a hardware wallet with 1.5MB of storage. The Nano S Plus also has no built-in battery.
Ledger Nano X - $149
The Ledger Nano X, on the other hand, is the premium option, priced at $149 and it offers additional features like Bluetooth connectivity, 2MB of storage space, an slightly bigger build – but the same screen size. The Nano X also has a built-in battery that can last for 8 hours.
I use the Ledger Nano X and it’s been nothing short of amazing, totally worth the money. However, this was also before they released the Nano S Plus – the Nano S had a lot less storage space.
Ledger Stax - $279
Ledger has also released a new wallet, the Ledger Stax, which is their top-end device priced at $279 that includes these extra features:
- 400x672px Screen Resolution
- Customizable lock screen
- Curved E Ink touchscreen
- Wireless charging
- Embedded magnets
- NFT showcase on lock screen
The Stax is currently out of pre-orders through Summer 2023, but you can sign up on their website to receive notifications when they are available.
Summing it up
I can confidently say that the Ledger wallet is the best option for securing your digital assets, including your NFTs. It’s unparalleled security, versatility, and ease of use make it a great choice for anyone looking to securely store their cryptocurrencies and NFTs.
Compared to hot wallets like MetaMask and Rainbow wallet, the Ledger wallet offers far superior security – at the cost of a little convenience. Hot wallets store your private keys online, making them vulnerable to hacks and thefts. In contrast, the Ledger wallet stores your private keys offline, making it virtually impossible for hackers to steal them.
Another advantage of the Ledger wallet over hot wallets is its support for a wide range of cryptocurrencies and NFTs. While MetaMask supports only a few cryptocurrencies, the Ledger wallet supports a wide range of them, including ERC-20 and ERC-721 tokens. This makes it a versatile wallet that can be used to store all your digital assets in one place.
Finally, the Ledger wallet is easy to use and manage, thanks to its desktop and mobile app, Ledger Live. The app is user-friendly and offers several features that make it easy to manage your digital assets. In contrast, MetaMask’s interface can be confusing for beginners, and it lacks many of the features offered by Ledger Live.
Whether you are a seasoned cryptocurrency investor or a beginner, the Ledger wallet is a must-have tool in your arsenal.
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The Ledger is totally worth the investment.
I can confidently say that the Ledger wallet is the best option for securing your digital assets, including your NFTs. It’s unparalleled security, versatility, and ease of use make it a great choice for anyone looking to securely store their cryptocurrencies and NFTs.
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Security10
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Easy of Use10
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Design10
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Pricing9.5
*Contains affiliate link, see Affiliate Disclaimer
*Contains affiliate link, see Affiliate Disclaimer
*Contains affiliate link, see Affiliate Disclaimer
