Trezor vs. Ledger Review: Which is the Best Cryptocurrency Hardware Wallet?steemCreated with Sketch.

in #mgsc6 years ago (edited)

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The two products that stand out in today's world for storing cryptocurrency is Ledger and Trezor.
#1 WHY USE A HARDWARE WALLET?
Basically hardware wallet provides an extra layer of safety to protect your cryptocurrency in the event that your personal computer or laptops is compromised by a virus or malware which could steal your private keys by way of a key logger. They also protect you against scams such as fake websites which use"phishing" to try and take your private keys. with a hardware wallet,even youn don't see your private keys, theyare stored in the device and you gain access to your wallet bu using a pin that you set up and have to physically enter on the device.ledger-screen.jpg
#2 WHAT TO DO IN CASE YOUR WALLET GET DAMAGED?
It is easy to restore your wallets by way of a list of "seed words" which you create on setup of the device and write down on the cards provided. These seed words should be stored some where safe,away from the wallet. What do you think on this?trezor-vs-ledger.jpg
#3 GETTING TO KNOW THE WALLETS
Both products are excellent. It should be noted that they do not actually store the currencies themselves.Instead they simply follow the coin information on the blockchain,while the physical equipment acts as protection for private information and data that are used to access digital assets.

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