Ledger Wallet vs Private Key Security

in bitcoin •  6 years ago 


đź”· ORDER YOUR LEDGER NANO S DIRECTLY FROM THE MANUFACTURER HERE: https://www.ledger.com/products/ledger-nano-s?r=849e

If your Bitcoin is stored in an exchange, you do not own it, this is something that you probably already know. And this is because when you store your bitcoin or other cryptocurrency in an exchange, you don’t have the private key. Only the one who owns the private key is the real owner of the cryptocurrency.

The same applies to storing Bitcoin in most online wallets (website wallets). The only way to really own your Bitcoin is to keep the private key to yourself using a hardware wallet like LEDGER NANO S.


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