A cryptocurrency hardware wallet is like your bank deposit box where you keep your most precious possessions. You cannot leave it unprotected, and the best way to do it is by employing the highest grade encryption.
The devices by Ledger have earned consumers trust and reputation for security. Even if your computer experiences a security breach, Ledger Nano S will keep your digital assets save. It uses two layers of protection – ST31H320 (protection) and STM32F042 (OS) chips that store your private keys and sign transactions as separate pieces of hardware.
Besides, Nano Ledger S users can protect their coins by setting up a PIN code to unlock the device, as well as a passphrase used to grant access to the user wallets.
Even today, there has been no reported case of Nano Ledger S device being hacked remotely. However, this makes it critical to keep your seed phrase offline and hidden so that no one has access to it. Do not record or store it online, as it may compromise your device’s security. The most secure way to save your seed phrase is by using a dedicated robust mechanism like CryptoTag.
Even if your hardware device gets broken or lost, you can quickly recover it using its seed phrase.