With Elon Musk’s [the CEO of SpaceX and Tesla] Tesla’s investment of $1.5 billion in Bitcoin cryptocurrency, many have followed in his footsteps by investing in cryptos, leading to a surge in the value of Bitcoins to nearly above $46,000.

If, you are new to the term ‘cryptocurrency’, here, is a simple breakdown for you to know, what exactly it is,

Cryptocurrency is a digital money/currency that uses an intensely complex coding system called cryptography to encrypt the sensitive data to secure all the transactions of cryptos. These currencies are not under any government’s control. The first modern cryptocurrency that is mainly recognized is Bitcoin released in 2009. After Bitcoin, many similar cryptos and alternatives like Litecoin began appearing.

The recent increase in the value of cryptos like Bitcoins has made the owners of cryptos focus on the security of their crypto assets a major priority.

 But, worry not! Because Monedero Ledger has got you covered on the safety of your crypto assets. The company Ledger is one of the leading companies in the world in terms of developing infrastructure solutions and security for cryptocurrencies. Their leading products are their Hardware Wallets namely; Ledger Nano S, Ledger Nano X, and Ledger Blue.

So, what is a hardware wallet?

The cryptocurrencies are stored in private keys which helps the owner verify their identity and to exchange the crypto assets. These private keys are vital for every crypto owner as without these their cryptos would be deemed useless. 

Hence, protecting these keys is a matter of great importance for every owner. Here’s where Hardware Wallets come in, although there are other types of wallets available these software wallets are often vulnerable to threats as they are typically stored online. 

Whereas,Monedero Ledger are the safest and the most secured wallets as they store these keys offline except for being online during any transactions. They are similar to USB devices which makes it possible to store private keys offline and also to make transactions easy and are convenient to use at any time, anywhere. They help crypto owners in keeping their private keys isolated from their smartphones or computers that are exposed to hacking.

These wallets make it possible to exchange, buy, sell, and manage nearly 1500 tokens and 27 coins directly through the Ledger Live app which is available to download on smartphones or computers. The company currently has three Ledger Devices on the market. You can choose one that fits your needs accordingly.

1. Ledger Nano X: This device is the latest product of Ledger launched in March 2020. You can connect this device through cable or Bluetooth to your computer or smartphone respectively to the Ledger Live application on your respective device. You can install approximately 100 applications of over 1500+ compatible assets like Bitcoin, Stellar, XRP, etc., on Nano X.
2. Ledger Nano S: This is the most popular device of the three Wallets offered by Ledger. Depending on the size, this device can install up to 3-6 apps and allows you to safely install or uninstall apps to enhance your device capacity.
3. Ledger Blue: This device has a large touch screen display which makes it very convenient for the user to manage. It supports 11 device apps while also letting you manage your crypto assets. The secure chip in the device also protects it from any tampering.

All the devices are tightly secured and very easy to manage so you can choose one of them according to your requirements.