A Ledger hardware wallet is a physical device designed to securely store cryptocurrency private keys offline, protecting them from hacks, malware, and online threats. Ledger wallets use a secure chip to safeguard private keys and require manual verification for transactions, adding an extra layer of security.

Key Features of Ledger Wallets:

• Offline Storage: Keeps private keys stored in a secure hardware device, preventing exposure to online threats.
• PIN Code Protection: Requires a PIN for access, preventing unauthorized use.
• Backup & Recovery: Provides a 24-word recovery phrase (seed phrase) to restore funds if the device is lost or damaged.
• Multi-Currency Support: Supports thousands of cryptocurrencies, including Bitcoin, Ethereum, and many altcoins.
• Secure Element Chip: Uses a certified Secure Element (SE) chip, similar to those in passports and banking cards.
• Ledger Live App: A companion software to manage assets, send/receive crypto, and interact with decentralized applications (DApps).
• Smart Contract & NFT Support: Allows secure interactions with smart contracts and NFT transactions.

Popular Ledger Models:

• Ledger Nano S Plus – Affordable, secure, and supports multiple cryptocurrencies.
• Ledger Nano X – Bluetooth-enabled with a larger screen for enhanced usability.
• Ledger Stax – Touchscreen display and advanced features for premium users.