Had some crypto on "sketchy" exchanges and I wanted peace of mind. Exchanges can be hacked, and you aren't protected by the FDIC.

Software wallets are much more difficult to hack, but this is by far the safest and easiest way to store your assets.

Your Ledger cannot be used without first entering a 4-6 digit PIN, so even if someone steals it, it's useless if they can't get past the PIN. If you lose or break your Ledger, use your seed phrase to restore your replacement device. As anyone will tell you, NEVER SHARE YOUR SEED PHRASE WITH ANYONE OR ANYTHING. Keep your seed phrase safe and secure—if anyone steals your seed phrase, that's when you're screwed.

Using the Ledger Live app to transfer to/from your wallet is very simple — use your computer and your phone and scan the QR code for the address. When you transfer TO the your Ledger, you don't need to do much from a security standpoint. For example, your friend could just scan your Ledger address QR code and send you crypto even if your Ledger is locked in a safe in a different country. Conversely, if you want to send crypto to your friend FROM your Ledger, you need to physically confirm the transaction on your Ledger.

All that said, once your crypto assets hit a certain dollar amount, it's in your best interest to store it as securely as possible, because if something happens, you're not protected like you are with standard assets at your bank. This is the best way to protect yourself.

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Product easy to use but needs to specify that it needs to be plugged into a desktop to update and charge.

It will not charge on any power source

I have gone through the steps to set this up and it wasn't difficult, but it does take 30 minutes as indicated by the instructions.

I'm new to crypto currency so I haven't downloaded anything to cold storage, but you will need a way to store your keys to anything you pull to cold storage.

The main reason you pull crypto to cold storage is for safe keeping - as long as the crypto is active or in any hot storage solutions, it is at some level of risk of being hacked. But it likely isnt worth cost of moving to cold storage unless you plan on holding the crypto for some time. I didn't see the fees involved until later - you may want to check what your exchange charges to move to cold storage because each charges differently. There is at least one that offers a couple of moves to cold storage monthly if that is in your plans.

I expected to be able to set up my own key on the device & all you can set up is the PIN you use to access its menu. The key that transfers between exchange and storage is preset when you go through the initial setup. Note that some receive wallets where the initial setup is complete. I did not receive on like this and I believe Ledger owns this account - at least if you go to the Ledger website, it points you back to this store to purchase wallets.

If the initial setup were complete, there is no way I'd use this wallet. With the set up passphrase, you can set up any ledger wallet to match it. So be aware where you store that set of words.

Using the actual device isn't too difficult, you have 2 buttons that scrolls through lists. When you click both at same time, you select whatever you are on. The most tedious part of setup is writing down all the words.

There are 3 or 4 cards included to write the entries on. Once you have them, you will have to go through and pick the words in order they go in. I thought I messed up and was having to start with a new passphrase - the screens look very similar when you are asked to verify. Once that is complete, you are set to download crypto applications.

Each type of crypto has an application to match. This is why many buy this version of a wallet rather than the cheaper one Ledger makes. The cheaper one only has enough storage for 2 or 3 types of crypto to display at any one time. Be aware, you can delete the app after downloading your crypto keys. You will just be able to quickly access the keys for any app that is currently installed. Since I do not know how many I will store, I felt like it'd be easiest to invest now and not have to worry later.

One key differentator is which crypto can be stored on each wallet. They dont all match. If you want to put anything unusual into cold storage, you need to make sure your wallet supports it. This wallet supports way more types of coins than my exchange offers in the US and in my state. Crypto is limited for which can be purchased at the US level and at the state level. Also which exchanges can be used is limited the same way.

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Perfecto y de lo más seguro que hay para guardar criptos. Tiene protección de la batería que cuando llevas mucho tiempo sin encender lo que dice que la caliente es un poco antes para protegerla cierto es que la batería le dura poco si lo dejas en el mundo stand-by, pero si lo apagas completo no hay ningún problema es pequeño y perfecto para ponerle un AirTag