We’re excited to offer you the opportunity to use a Ledger with your self-custodial Rainbow wallet. Using a hardware wallet to store your crypto provides an additional layer of security compared to just using Rainbow alone.
In this guide, we’ll teach you…
- …about Ledger and their history as a company
- …what kind of Ledgers are available to buy, and which types of Ledger devices work with Rainbow
- …where you can purchase a Ledger of your own!
What’s a Ledger?
Ledger was launched in 2014 by eight experts with backgrounds in security, crypto and entrepreneurship. They united around the idea of creating secure solutions for blockchain applications. Ledger SAS and its subsidiaries now have over 800 employees in Paris, Vierzon, New York, Zurich and Singapore.
“We developed a distinctive operating system (OS) called BOLOS, which we integrate either to a secure chip for the Ledger wallet line, or to a Hardware Security Module (HSM) for various enterprise solutions. We aim at securing the new disruptive class of crypto assets: Financial assets like cryptocurrencies or Initial Coin Offerings (ICOs), Data assets like sensors, Internet of Things (IoT) devices or machine to machine, and Digital identities like second factor authentication or passwordless login.”
Different types of Ledgers:
Ledger offers 3 unique wallets:
Each wallet has unique features while also all sharing key security measures. You can see the full scope of their comparisons and price points here:
What makes Ledgers awesome?
A Ledger hardware wallet, combined with the Ledger Live app, is a great way to secure your crypto and NFTs.
Using a Ledger means you are keeping your private key protected at all times in a certified secure chip. This means that nobody can access it except you. On your Ledger device, all transactions must be verified on the device’s trusted display and physically confirmed by you.
What are the differences between Ledger and other hardware wallets?
Ultimately, the choice comes down to your preference but the notable differences for Ledger are:
- A more affordable price point
- Bluetooth compatibility for Ledger Nano X devices.
Where can I buy a Ledger?
When buying a hardware wallet, you should also purchase directly from the manufacturer (vs 3rd party resellers etc) because there’s always a chance that the hardware might arrive compromised if you don’t.