Taking into consideration that the number of security threats are increasing by the day, especially those that target cryptocurrency owners, you can never invest enough in a storage option that is completely secure.
Ledger Nano S is a cold wallet developed for multicurrency storage, supporting over 30 digital coins and tokens, including Bitcoin, Ethereum and XRP. Cold or hardware wallets are the most secure devices on which cryptos can be stored, as they are not connected to the internet. This makes them virtually immune to all types of online hacks and attacks.
But that does not mean that they cannot be compromised; the device has to have contact with your computer in order for you to deposit or withdraw your funds. If your computer has been the target of a malware virus that you might not have noticed, it can still attempt to steal your private keys even when offline and pass on the information once internet connection is re-established.
But Ledger Nano S is built around a solid secure chip, which was specifically designed to be resilient to complex attacks, safely keeping your keys away from any malevolent actors.
Of course, such security comes at a cost. Ledger Nano S is on the more expensive side of the wallet price spectrum, which may have discouraged some traders from purchasing the device for their coins.
Ledger Nano is usually priced at around 100$ (114.73$ on the official website and 99$ on Amazon), but with the 20% discount the wallet is offering, you can now get the hardware device at a lowered price of approximately 80-90$ (91.78 $ and 84.99$ respectively).
The Ledger Nano S discount will certainly attract plenty of investors that were looking for a solid and secure storage option for their crypto funds. If you are interested in buying the wallet product, you better not wait around much longer, as the stock and offer will be probably end quite soon.
Remember to always buy from the Ledger’s official website or Amazon, as the wallet can be compromised by third party sellers.