336: Ledger Nano X: Step-By-Step Guide

How to setup and use a cryptocurrency hardware wallet.

Ledger Nano X Hardware Wallet (Amazon Affiliate Link)

Why Use A Crypto Hardware Wallet?

A crypto hardware wallet like the Ledger Nano X stores your cryptocurrency private keys offline, providing an additional layer of security against hacking and theft. You can use the hardware wallet to securely manage and sign transactions on the blockchain.

‘Not Your Keys, Not Your Coins’.

When you use a hardware wallet, you manage your own Private Keys so you have access and full control of your crypto assets stored on the blockchain.

Some benefits to using a hardware wallet:

1. Security: Because the private keys are stored offline, it is much harder for hackers to steal them.
2. Convenience: Hardware wallets are portable and easy to use. You can make transactions from any device that has a compatible software.
3. Support for multiple cryptocurrencies: Hardware wallets support multiple cryptocurrencies, so you can store and manage multiple assets in one place.
4. Recovery: If you lose your hardware wallet or it is damaged, you can use a recovery phrase to restore your private keys and access your funds, simply by getting a new wallet.