My Ledger Wallet Nano S arrived and I had pretty high expectations as everybody on the internet seems to recommend it, together with Trezor and KeepKey. After unboxing and "installing" it, I quickly got turned off by it. As long time Exodus user, I expected more. Here is why.
My pain points:
- The Ledger Nano S is cumbersome to use and the history of transactions is lacking information compared to Exodus
- The ethereum wallet looks different to the bitcoin wallet and has a smaller interface. Why?
- It takes time and is annoying to constantly switch the wallets on the device itself and open the appropriate application. Some kind of multi-currency wallet would be much cooler!
- Only a couple of crypto currencies are supported, much less than Exodus or others. Where is Lisk, ... ERC20 tokens?
- No possibility to directly exchange any crypto into another one with something like Shapeshift
- Security: I now have a "USB-Stick" laying around that anybody can see and steal instead of something hidden in software, firewalls and strong passwords. (I know "cold storage" is said to be much more secure)
I would very much like that Exodus just supported a hardware wallet or authentication method with a hardware device, rather than having to use the Nano S only.
Am I missing something, what do you think?
Its still the most secure :) More security = less conviniance.
Im planning on buying one soon. Its goona be for my ultra-long term storage.
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yes, valid point. It is then probably to best to also store the cold storage wallet in a cold storage like a bank or something similar as one's home is probably not the most secure :)
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Its shame Ledger cant be additionaly protected by pin or password. Trezor does this I heard.
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Ledger can actually with 8-character PINs. Will checkout Trezor too
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Thats great! Last point of failure is gone then.
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You can store ERC20 tokens on nano ledger.
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storing yes: I now also found out that through myetherwallet it is possible to use them.
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