Ledger Coupon – Discount Code

Up to 21% Discount
Save up to 21% with Ledger Family Pack. Get your family into crypto with 3 hardware wallets.
Up to 21% Discount

One of the most famous and best cryptowallets on the market is called Ledger. Find out everything about the positive and negative aspects of the product, what you can and cannot use it for and what the security is all about. Our Ledger Wallet experience will hopefully help you decide which digital wallet to choose. Last but not least we offer you a high quality alternative to the product. Are you ready?

What is the Ledger Wallet?

Ledger is a French company founded in 2014. Eight founders met and brought together their individual strengths and skills in different areas of expertise. These included security solutions and crypto currencies. The company says it has 80 employees in its three central locations of Paris, Vierzon and San Francisco. Ledger Wallets are hardware wallets for various crypto currencies or ICOs, which are intended to provide particularly high security – both in the storage of assets and with regard to modern digital identity technologies. In particular, the future possible combination with iOS and Android makes the Ledger Wallet a popular choice for many customers. Thanks to its compatibility with all major exchanges, you can use the wallet whenever you need to, and you don’t need any alternatives for other platforms.

Ledger Features

Compared to many other wallets, dozens of different crypto currencies can be stored in the Ledger Wallet. It doesn’t matter whether it is Bitcoin or one of the many other options. Storing them side by side does not cause any problems, and there is no limit to the coin capacity in the wallet. While different storage locations for the various digital currencies were previously necessary, the company’s newly created open source apps now offer a remedy, even if other wallets such as Electrum or MyEtherWallet are still compatible with Ledger. Further advantages of the wallet are to be found above all in terms of security. For example, a secure key is stored on a chip, transactions are always confirmed on the integrated display and access is very easy via USB.

Selection of coins

When you look at the wallet, you immediately recognize much more than just a Ledger Bitcoin Wallet, even if the currency with the highest market capitalization is of course also integrated. The list of the 14 currencies that can be used directly is as follows:

  • Bitcoin
  • bitcoin cash
  • Dogecoin
  • Komodo
  • Litecoin
  • Stratis
  • Dash
  • Zcash
  • PivX
  • Viacoin
  • Vertcoin
  • Ethereum
  • Ethereum Classic
  • Ripple

Mobile & Desktop

It is generally a USB stick-like product that can be easily inserted into a desktop PC or notebook to access the wallet. Mobile devices come into play especially for two-factor verification to sign off a transaction. Here you can connect a smartphone or security card to the Ledger Wallet.

In the near future, Ledger is planning to launch its own app that will act as a mobile wallet and bring all important desktop functions to Android and iOS devices. According to the company’s press release, third party apps such as Exchanges, Swaps and Buy and Sell will continue to be integrated.

Operating Systems

After the system was based on Google Chrome Apps for a long time, the own app brings a much higher flexibility for you as a user. The company decided to take this step not least because of the greatly increased worldwide interest in crypto currencies and their storage. The desktop app is available for Windows, macOS and Linux and thus covers the most important operating systems, before Android and iOS will follow soon as mentioned.

Ledger fees

Fees are mainly incurred when you buy the device yourself. The Ledger Wallet costs around 94€ in the official shop and is therefore definitely on top when it comes to pricing. Especially if you want to buy from providers like eToro Bitcoin, a wallet is included for free. During the transactions themselves there are no fees from the ledgers, only associated projects may charge you fees as announced on the transaction page.

Security

Compared to online and desktop wallets, this is one of the most secure variants on the market. The coins of your particular crypto currency are stored on an external device that is never connected to the Internet, but only connects to receive and send coins. Attacks on your personal credit and data are therefore almost completely impossible, especially due to additional security measures, such as two-factor authorization and additional confirmation of transactions.

Ledger Customer Service

You can use the Customer Service ledger to communicate excellently with the company’s employees, who are available to you through various channels. For example, there is a large FAQ area available 24 hours a day, which already covers many questions from newcomers. However, if problems still remain, you can contact the customer service directly in English, for which you have three options. From 9:00 to 17:00 (CET) you can contact them via the contact form, live chat or Twitter at @LedgerHQ.

Advantages and Disadvantages of the Ledger Wallet

Ledger Bitcoin Wallets offer some advantages – which in our estimation clearly outweigh the disadvantages in the Ledger Test – but also some disadvantages. We summarize them here for you.

Advantages

  • Multi-currency cryptowallet: Especially the own app lets ledgers integrate many currencies.
  • Customer Service: First-class service over eight hours a day from Monday to Friday.
  • Security: Excellent security concepts make problems a thing of the past.

Disadvantages

  • Price: Many wallets are free, here you pay almost 100€ for your device.
  • Mobile: The wait for the mobile app is still going on.
  • Language: Customer service and parts of the website are only available in English.

How to open a Ledger Wallet

How do you open your Ledger Wallet after receiving the USB device? The process is simple and easy to follow on the card provided.

  • Connect the Wallet to a PC or power outlet.
  • Use the USB cable provided.
  • Press both buttons at the same time to start the configuration.
  • Set your PIN code.
  • Save your PIN code offline on paper or similar
  • Save the second code that appears as well.
  • Check the installation and confirm it.
  • Establish the connection to the app.
  • You can find the apps directly in Ledger on the website.

Is Ledger fraud?

The case of the hacker Saleem Rashid, who found an alleged serious security hole in the system, caused a sensation. With this he is said to have been able to redirect transactions in his favour and manipulate seeds and passwords. Ledger merely replied that the system automatically detects when a manipulated hardware wallet connects to the server. Nevertheless, the company team worked with Rashid to find a quick solution to prevent potential damage to its reputation and finally released an update that checks the integrity of the connected devices and secures the private keys.

As can be seen from the example, even hardware wallets do not offer one hundred percent security in the complex market of crypto currencies. This is one of the reasons why many people keep looking for better alternatives to make sure their money is really secure. One of those alternatives are brokers, who can point to many extra advantages. For example, crypto currencies can be traded directly with eToro without ever having to store them in a wallet. With currently nine different crypto currencies the CFD broker also offers a lot, and has quite low fees. As the deposit options are also extended to include all modern payment methods, it’s even more worthwhile to take a look at this option.

Conclusion

Except for minor weaknesses, the Ledger Wallet is convincing throughout. Thanks to its modern technology, it offers a secure environment and counteracts any attacks. It can be used with many crypto currencies and will soon score points with a mobile version on smartphones and tablets. The customer service is easily accessible, so that only the acquisition costs of around 94€ are a negative point.

Up to 21% Discount
Save up to 21% with Ledger Family Pack. Get your family into crypto with 3 hardware wallets.
Up to 21% Discount