Leveling Up My Crypto Security
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I recognize the importance of safekeeping one's cryptocurrency assets and I was ready to buy a Ledger wallet in May when the issue about the seed phrase recovery feature being a bad idea broke out which prompted me to postpone the purchase and it dragged on for a long while until I read a poll on threads by onealfa where he asked how much % of your portfolio are you willing to spend for the sake of wallet security.
That question was like a hard kick in the arse and made me finally hit the "buy" button for my very first cold wallet. It was quite tough to decide which brand and model to buy but I considered the Ledger Nano S before since some reviews said it is good for beginners.
I watched more reviews earlier this month to compare wallet features and such. Among the brands, I was still drawn to Ledger because it supports SHIVE. Then the next challenge was which model. Would it be Ledger Nano S? Should I go for the Nano X? There was a Nano S Plus which I read has similar features as the Nano X but the price is a lot cheaper.
Was able to make up my mind after watching the Crypto Renegade review, thanks again to a shared link by onealfa. He's sharing good stuff on threads so I do check his timeline now and then.
The review discussed the fundamental differences between Nano S and Nano X. The downside I heard of the Nano S is that it has a very small LED screen so one needs to wait for it to scroll or load up to authorize transactions. Nano X has a larger screen that shows the details without the need to scroll. While both devices support the same number of coins (1100+) and applications, the Nano S can only hold 3-4 coins at once (small storage capacity) while the Nano X has a larger capacity and can store up to 100 coinsat once.
Additionally, Nano S doesn't have wireless connectivity (it needs to be connected to a computer to be able to sign transactions) while Nano X supports Bluetooth connectivity and can also be tethered to Ledger Live.
Prices?
While the indicated prices on the Ledger shop are cheaper, they are still a bit costly when buying from authorized resellers here in the country. Nano S is around $127+ and Nano X is approximately $225.
I opted for the X. I guess it's worth it, considering it levels up the security of my assets. I am aware that there are still some trade-offs with this brand compared to others but this is my first and I will definitely continue to learn along the way.
I was to do an unboxing post but hell, I don't know what I'd be talking about on video so guess this is just it, lol!
It feels good to be able to get out my crypto off the centralized exchanges. and keep them a lot safer through the device. My next concern would be how and where to keep those seed phrases secure and away from danger (i.e. water, fire, deterioration, etc). Still have a lot to learn!
For infotainment only.
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