Top 3 Litecoin Hardware Wallets
A POWERFUL AND FLEXIBLE DEVICE
The Ledger Blue is the latest generation product from Ledger, result of more than two years of research and development. This high-end device embeds a large touchscreen to securely manage transactions and complex smart contracts. Its slick yet robust casing encloses the best-in-class technology built upon the Blockchain Open Ledger (BOLOS) platform, a powerful and flexible operating system.
PACKED WITH HARDWARE FEATURES
The Ledger Blue is based on a dual-chip architecture embedding a ST31 Secure Element and a STM32 microcontroller thus achieving a fully isolated environment. It features a LED-backlit color touchscreen to navigate easily and validate transactions. It is powered by a lipo rechargeable battery and communicates with USB or Bluetooth* devices.
DESIGNED FOR MULTIPLE SECURE APPS
Thanks to its modular architecture, the Ledger Blue runs multiple dedicated companion apps in full isolation on top of its firmware. The strong security model allows to add new cryptocurrencies or apps without risk of compromising the master seed. Transaction integrity is ensured by the WYSIWYS paradigm (What You See Is What You Sign). The flexibility of the device enables enterprise level usage: with all major crypto libraries embedded in the firmware, any type of blockchain can be supported.
Battery-powered, Bluetooth* and USB enabled, the Ledger Blue can operate with any computer and smartphone.
- Battery 500mA LiPo
- BLE 4.1, USB 2.0 Full Speed, NFC (requires firmware update)
- Windows, Mac OS, Linux and Chrome OS
The Blue is built upon an advanced operating system that supports easy installation of applications, accessible via a quick-launch dashboard.
- Install & remove apps with Ledger Manager
- Free firmware upgrades
- Enterprise app licensing & support
Ledger Blue uses WYSIWYS (What You See is What You Sign) to mitigate threats.
- Malwares, viruses
- Man in the middle attacks
- Proof of presence
The Blue embeds a color display and a large capacitive touchscreen with anti scratch glass, encased in a strong cover.
- 3.5 inch display
- Full color, 320×480 pixels
Your confidential data is never exposed: it is strongly secured and isolated inside a Secure Element, locked by a PIN code.
- Secure Element: EAL6+ / ST31
- BOLOS isolation technology
- 4 to 8 digit PIN code
BACKUP & RESTORATION
The configuration of your device is backed up on a recovery sheet. Easy restoration on any Ledger device or compatible wallets.
- Built-in onboarding and configuration
- BIP39 and BIP44 standards
- 12, 18 or 24 words recovery
LATEST GENERATION HARDWARE
When you own cryptocurrencies, you need to protect your confidential data and the access to your funds. With Ledger Nano S, secrets like private keys are never exposed: sensitive operations are isolated inside your hardware wallet within a state-of-the-art Secure Element, locked by a PIN code. Transactions can’t get tampered with, they are physically verified on the embedded screen with a simple press on a button.
PAY AND AUTHENTICATE
Ledger Nano S includes Bitcoin, Litecoin, Ethereum and Ethereum Classic companion apps, and other blockchain-based cryptocurrencies. You can send and receive payments, check your accounts and manage multiple addresses for each currency from the same device. Nano S also supports the FIDO® Universal Second Factor standard that simplifies the authentication process on compatible online services such as GMail, Dashlane, Dropbox or GitHub.
Ledger Nano S supports Bitcoin, Litecoin, Ethereum and altcoins: hold different assets in the same hardware wallet.
Check and confirm transactions on the display and confirm with using the physical buttons (anti-malware second factor).
Your confidential data is never exposed: it is secured inside a strongly isolated environment locked by a PIN code.
Use companion apps such as cryptocurrencies wallets, and also FIDO® U2F, GPG, SSH or build your own applications.
FIDO® CERTIFIED U2F
Ledger Nano S supports the FIDO® Universal Second Factor authentication standard on Google, Dropbox, GitHub or Dashlane.
BACKUP & RESTORATION
Your accounts are backed up on a recovery sheet. Easy restoration on any Ledger device or compatible wallets (BIP39/BIP44).
Ledger Nano S is based on a dual chip architecture (ST31/STM32, Certification level: CC EAL5+). The firmware integrity is guaranteed by cryptographic attestation.
Initialization or restoration of your configuration is fully done on the secure environment of the Ledger Nano S. Your cryptographic secrets are never exposed to the outside world.
Ledger Nano S ensures only you can access your accounts by requiring a 4 digit PIN code each time it is plugged to your computer.
Your private keys are never held or known by Ledger or a third party: they are hard locked in the Secure Element. With Ledger Nano S, your wallet remains decentralized, you are your own bank.
What is Cold Storage Ripple?
The term “cold storage Ripple” refers to Ripple digital currency that is held offline. Keeping your Ripple offline means housing the private keys for these digital funds in such a way that they are not accessible via the internet.
As digital currencies are rising in popularity, it is important to stay up to date on the safest ways to store your funds. Unlike traditional currencies like euros, dollars, yen or pounds, you can’t store digital funds in a traditional bank. Instead, you must become your own bank. Luckily, you have many cold storage options, some of which allow you to have a “bank” with all of your cold storage Ripple that can easily fit in the palm of your hand.
Let’s go over the pros and cons of your cold storage options. For each cold storage option, we’ll focus on two primary concerns: Safety, and ease of use.
Methods of cold storage for Ripple include:
Paper Wallet/QR Code – This option has the advantage of not only being offline but also not being dependent on hardware integrity. However, paper is susceptible to water, fire, and even sun damage. An accidental spill of your morning coffee on the paper containing your private keys can be potentially devastating. Additionally, even if you laminate your paper wallet, it is not protected from wandering eyes.
USB Drive – Using a USB stick to store your private keys is tricky. It needs to be done from an offline computer, the USB stick must be encrypted, and if the USB stick is ever used with a computer that has fallen victim to hacking, then your private keys will be vulnerable.
This brings us to the hardware wallet, which is considered by most to be the safest method for using cold storage Ripple.
What is a Ripple Hardware Wallet?
A cold storage hardware wallet stores your Ripple on a physical device that is not connected to the internet, that you can access via a computer or smartphone.
There are several reasons why the hardware wallet is considered the safest method of cold storage. At the time of this writing, there has not been a single recorded case of digital funds being stolen from a hardware wallet.
The hardware wallet stands apart in methods of cold storage for Ripple because it protects your private keys from wandering eyes, keen ears and even from a computer that has fallen victim to hacking. With Universal Second Factor Authentication and a PIN code, our digital funds are protected even if your hardware wallet falls into the wrong hands.
The benefits don’t end there. Not only does the hardware wallet protect your Ripple, it also makes it easily accessible to you. With this cold storage option, you get the best of both worlds, protection and accessibility.
While the hardware wallet stores your funds offline, with private keys that cannot be transferred in plaintext, you can quickly and easily access your ripple to complete transactions with a private PIN code.
Using a hardware wallet to store your Ripple allows you to confidently be your own banker. Even better, you don’t have to go to an ATM to access your funds.
Best Cold Storage Ripple Hardware Wallets
Cold storage hardware wallets are growing in popularity, and as a result there are more and more options on the market. To best protect your investment, it is important to purchase a product from a reputable manufacturer with a proven track record that employs experts with technical proficiency.
We’ve combed through the Ripple hardware wallets on the market to find our top three: The Ledger Nano S, Ledger Blue, and Trezor. While each offers unique features, you can’t go wrong with any of these three. In fact, many people use more than one and divide their Ripple across multiple hardware wallets.
All of these wallets require the use of Google Chrome or Chromium browsers, and are compatible with Mac OS, Windows, Linux or Chrome OS.
Ledger Nano S
The Ledger Nano S costs just €58, making it the least expensive of these three Ripple hardware wallets. But don’t let the low price fool you. This is a quality wallet. Like the Ledger Blue and Trezor, The Nano S uses a PIN code and two factor authentication to verify transactions.
The Ledger Nano S looks like a thumb drive, measuring 98mm x 18mm x 9mm when fully opened. It is made of stainless steel and plastic, designed to be sleek and efficient, with two buttons on the side used for confirming activity.
The Nano S hardware wallet can hold Ripple as well as bitcoin, ethereum, litecoin and other cryptocurrencies. The firmware of the Ledger Nano S is guaranteed through cryptographic attestation, and it was built on a dual chip architecture (ST31/STM32, Certification level: CC EAL5+).
The Ledger Blue has a price point of €229, making it the most expensive of the three. However, it is well worth the cost—the Blue is the esteemed French company, Ledger Wallet’s top of the line hardware wallet. It measures 97mm x 68mm x 10mm, which also makes it the biggest in size.
All of that size is used magnificently, as the Blue features a 320 x 480 pixel color touchscreen that is LED backlit. The Blue has Bluetooth and USB connectivity, it is compatible with any smartphone or computer, and it is battery-powered.
The Blue uses dual chip architecture (ST31G480 (secure) + STM32L476, Certification level: CC EAL6+) to store your Ripple offline, and protects your funds with a 4 to 8 digit PIN code. Like the Ledger Nano S and Trezor, it has a backup recover seed, which for the Ledger Blue can consist of 12, 18 or 24 words.
Trezor is both the name of the hardware wallet and the company that created it. It retails at €89.
It features two physical buttons on its side that are used to verify transactions and confirm the PIN code. The Trezor comes in two color options (black or white), and it measures 60mm x 30mm x 6mm. Additionally, its 128 x 64 pixel OLED screen can display 6 lines of text at a time, which is enough to display the data for an entire transaction at once.
Trezor’s website boasts that they “trimmed away everything that could be hacked, and focused on powerful hardware features and software logic” and we agree.
A major unique benefit of the Trezor is the randomized one through nine numeric panel used for entering your PIN code. By displaying the numeric panel in a different order every time, the Trezor protects your password from those who would try to memorize the pattern of your code to steal your information.
Managing your Ripple or other digital funds can be safe and easy with the use of a Ripple cold storage hardware wallet like the Ledger Nano S, Ledger Blue, or Trezor. You can store your Ripple private keys securely offline, yet still access them with a simple press of a button and PIN code verification.
The world around us is constantly evolving, and as digital currencies evolve, so does the need to protect those funds. Using a hardware wallet that you can trust eases the responsibility of being your own banker, giving you a secure and accessible “bank” that fits in the palm of your hand.