Why Ledger Blue is the Best Wallet in 2017

Why Ledger Blue is the Best Wallet in 2017

In this article, we’re going to discuss why the Ledger Blue is the best wallet for users in 2017, providing cutting edge security and other new features. Check out our guide for how to invest in Bitcoin safely.

Security

Ledger is one of the companies providing a cutting edge Bitcoin hardware wallet. Ledger was founded in 2015. They pride themselves on being the leader in the hardware wallet markets. As of now, they have a few two available for the public. The Ledger Nano S and the Ledger Blue. Inside the Ledger Blue, there’s a secure element which makes sure that the bitcoin hardware wallet is unhackable. The secure element acts as a storage for the software which keeps your Bitcoin’s private key. It’s called a secure element because it’s impossible to break into by tearing apart the device.

The secure element protects your information by encrypting them using cryptography. Cryptography is essentially like creating a puzzle. And saving the information so that even if people gain access, they cannot read what is within. In all, it provides high-end security solutions using different methods to achieve almost perfect security for people. Security experts with extensive experience founded the company and developed the Ledger Blue. In all, the Ledger Blue boasts provision of enterprise level crypto-security to every user.

Ease of Use and Advanced Features

There are many features which define the Ledger Blue and make the hardware wallet one of the best in the market. Ledger is pushing the boundaries of what people think of hardware wallets. We’re going to discuss some of these features in this article. When you set up your Ledger Blue, the device will generate a 24-word passphrase which you need to note down. It’s a security measure which makes life much easier. This passphrase can be used to recover your account if your device is broken, stolen or lost. You can just buy another Ledger Blue and get all of your coins on the new device just using the passphrase. It’s a great system to make sure that even if someone steals or breaks your device, your Bitcoin or altcoins are still safe and recoverable.

The security on the Ledger Blue is exceptional since you need a PIN to access the Bitcoin hardware wallet in the first place. However, all of the memory is wiped if this PIN is entered incorrectly three times. So even if someone steals the physical Bitcoin hardware wallet, they cannot use your device or your Bitcoin.

The Best Hardware Wallet: The Ledger Blue

ledger-blue Why Ledger Blue is the Best Wallet in 2017

The Ledger Blue features a Ledger App Manager, that can be used to install new apps, update existing applications and enables people to access many cryptocurrencies. The device has a user interface that allows people to easily install new applications or carry out transactions. Moreover, the homepage of the device is like an iPhone, it shows different apps that store different crypto currencies. Then, you click on one of the apps and you can transfer coins immediately. Overall, the Ledger Blue is the best hardware wallet in the market for us and we can definitely expect much more in the future from Ledger.

Check out our guide for how to trade Bitcoin.

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About Article Author

Michael Serrano
Michael Serrano

Michael is an engineer and a bitcoin evangelist. He has been involved in cryptocurrencies since 2013. His biggest wish? 1 billion users of bitcoin, ether and litecoin by 2020. In the last 10 years he has worked for various early-stage start-up as a back-end developer.

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