Following the blog and taking action? Good, you’ve probably started stacking Bitcoin (or Satoshi’s). At some point you’ll need to secure that bitcoin to truly become unbanked. Ledger hardware wallets are one of the most popular wallets to secure your cryptocurrencies.
Hardware wallets allow you to securely store your cryptocurrency offline. Bitcoin is internet money in many ways. Therefore, it is important we secure our investment from potential hackers and scam artists. The Ledger Nano S and X allow you to take your Bitcoin and store it on to what looks as simple as a USB. Ledger’s wallets not only store Bitcoin, they also support many other cryptocurrencies. Giving you the opportunity to ensure any new crypto projects you’re involved in will have the same security as your Bitcoin.
Becoming Unbanked with Ledger wallets
In the words of Isaiah Jackson (author of Bitcoin and Black America, read post here) – “Buck the Fanks”. Part of sticking it to the banks is taking your buying power out of their coffers and securing it with a hardware wallet like the Ledger Nano S. Being your own bank comes with responsibilities. Ledger wallets require you to go through added security steps to ensure your crypto can’t be hacked. This is going to be standard throughout the industry no matter where you go, however, Ledger makes this process seamless.
No matter what hardware wallet you use, it’s important to understand that this will be the future at some point. In the future you may use a hot wallet on your cell phone, but keep the majority of your funds in your Ledger wallet. Instead of withdrawing money from your bank, withdraw from your Ledger Nano S in the currency used where you reside.
Again this is not financial advice, however, Bitcoin and cryptocurrency are the future. Get a head start on learning the fundamentals of crypto security with Ledger hardware wallets. Out.