Ledger lets the user manage, send and receive crypto assets in a safe environment. Ledger Nano S can be set up by connecting with a computer, the recent advanced version, Ledger Nano X can be configured simply using a smartphone connecting via Bluetooth. All the Ledger devices can be accessed using the Ledger Live application. It is available for major computer operating systems such as Windows, Mac OS, and Linux. There is also a smartphone app for both Android and iOS for managing crypto on-the-go. Also, Ledger is supported by various third-party hot wallets for managing the assets.
Personal information such as username or email-id is not necessary to set up the wallet and such details are not collected by Ledger. Additionally, users have the opportunity to create multiple addresses and can use a unique address for each transaction. This makes it almost impossible to link the transactions to the user and facilitates greater anonymity.
Ledger intends to provide the most secure way to store and manage crypto assets. Ledger has physical buttons that a user is required to press in order to confirm the payment making it more difficult for the hackers to steal your crypto. During the initial setup of the devices, a 4-digit PIN has to be created and is used to access the wallet for managing.
Furthermore, Ledger is the first and only wallet to be independently certified for its security by the ANSSI, the French cybersecurity agency. The wallet also has its own Blockchain Open Ledger Operating System (BOLOS) to protect the device against attacks and isolate from the rest. User is prompted to jot down the 24-word passphrase that can be used to recover the wallet with funds in the event of loss or stolen wallet.
