Ledger Nano S Cryptocurrency Bitcoin Hardware Wallet – Matte Black for sale online | eBay

A Great Gift For My Kids!

For the holidays, I’m giving my kids and close friends a small basket of cryptocurrencies so I bought 6 of these Ledger Nano S cryptocurrency hardware wallets in different colors to load up with Bitcoin as gifts. I have one left over and if you are curious about cryptos, this is a great place to start and I would be happy to provide personal support on how to set it up use it.

In order to own a cryptocurrency, you have to have some kind of wallet where you keep the keys. Wallets also provide some utility functions like accessing the balance of your cryptos and buying or swapping tokens you hold in that wallet. There are two kinds of wallets: software and hardware.

Hardware wallets, like this Nano S are the most secure kind of wallet. There is quite a learning curve to get started in cryptos and I wanted to make the gift as simple to own and use as possible. For my kids, I set up the password and wrote down the unique 24-word mnemonic on the special cards that come with the Nano S. I plan to send each of my kids a Nano S in one package and the password/24-word mnemonic in a separate envelope for security. That way, if they are disinterested in cryptos, they can just throw it all into a drawer or a safe and forget about it and I can send more crypto to them anytime I like, on a birthday, for example. Meanwhile, they can easily move their cryptos to a different wallet if they so choose.

By loading cryptos onto their wallets before sending them, I now have a dashboard in the related app, Ledger Live, where I can see the balances in all my kids accounts and easily send more cryptos (but I can’t remove cryptos from their accounts because I don’t have the physical device after I send it to them). This is by far one of the best gifts I’ve ever given, IMHO.Read full review

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