Notes for purchasing a hardware wallet Ledger Nano S
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Hardware wallet Ledger Nano S: points to note when purchasing
The hardware wallet "Ledger Nano S" is highly recommended for safely storing cryptocurrencies. However, there are cautions to consider when purchasing Ledger Nano S.
If you neglect these cautions, you may not only fail to use Ledger Nano S effectively, but you could also lose the cryptocurrencies you hold. This is something you absolutely want to avoid.
Therefore, this article explains the points to note when purchasing Ledger Nano S.
Points to note when purchasing Ledger Nano S
1) Always buy a new one
When buying the cryptocurrency hardware wallet Ledger Nano S, be sure to purchase it new. This is because a used Ledger Nano S may have been tampered with by a third party.
A used Ledger Nano S may have malicious third parties installing viruses or other tamperware. Using such a used Ledger Nano S could, in the worst case, result in losing all of your cryptocurrency.
Used hardware wallets have significantly lower security reliability. To safely store valuable cryptocurrency assets, be sure to purchase a new Ledger Nano S.
As a precaution, after purchase also check that the packaging is intact and that all accessories are included.
Incidentally, with cryptocurrency breaches becoming frequent, the demand for hardware wallets has been rising. Therefore, new hardware wallets are in short supply.
Do not rush to buy a used one here. If you use a used one and suffer unauthorized access and lose your cryptocurrency, there is no turning back. Therefore, be sure to purchase a new Ledger Nano S.
2) Buy from an authorized store
Where you purchase the Ledger Nano S should be an authorized store. It is not recommended from a security standpoint to buy from flea market apps, auctions, or Amazon.
Flea market apps and auctions involve individual sellers rather than actual stores. Therefore, the items are more likely to be used. As noted in the previous section, used items may have malicious viruses installed, so avoid purchasing them.
There are basically two ways to purchase Ledger Nano S from authorized stores.
1. Buy on Ledger’s official website
2. Buy from an authorized distributor in Japan
The Ledger official site (option 1) is not in Japanese; it is in English. While not convenient for those who prefer Japanese, it is the legitimate source of Ledger Nano S and guarantees reliable quality.
Option 2 allows you to buy a new Ledger Nano S from a Japan-based authorized distributor.
The two companies listed above are the authorized distributors officially introduced by Ledger, and their reliability and quality are guaranteed.
Because they are Japan’s official distributors, it is easier to purchase from them than directly from Ledger’s official site. They also provide Japanese manuals and after-sales service, making them very user-friendly for Japanese customers.
3) Confirm whether the cryptocurrency you want to store is supported
Of course, before purchasing, be sure to confirm whether the cryptocurrency you want to store is supported by Ledger Nano S. If the cryptocurrency you intend to store is not supported after purchase, you cannot securely store it.
Ledger Nano S supports many types of cryptocurrencies, but it does not support all of them.
For example, Monacoin and NEM, which are popular in Japan, are not supported by Ledger Nano S.
The support for cryptocurrencies varies greatly between hardware wallets. Therefore, it is essential to check in advance whether the cryptocurrencies you hold are supported by the wallet you plan to purchase.
Even for popular coins, some wallets may not support them. Ledger Nano S supports many cryptocurrencies, but you should still check in advance. There are also cases where support is added through updates. Therefore, before purchasing, always check on the official site whether your desired cryptocurrency or token is supported by Ledger Nano S.
Summary
Hardware wallets are the safest method of storing cryptocurrencies, but if you neglect precautions, you could lose all of your holdings. It would be tragic to spend a lot on a hardware wallet only to end up in such a situation.
To avoid losing your cryptocurrency, thoroughly identify and confirm the cautions before safely purchasing and using Ledger Nano S.
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