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Wednesday, January 31, 2024

Top Three Crypto Hard Wallets Review Part Two

Tangem, Ledger Nano X, and Ellipal Titan 2.0 Crypto Hardware Wallets: Their Positive and Negative Sides

There is a Ledger Nano X Crypto Hardware Wallet and mobile phone with Ledger Live application on the picture
                                    https://amzn.to/4b5v5eh

Part Two of the Article

Introduction

Greetings, dear readers and loyal followers!

As announced in the previous part of this article, today, we will review our second hardware crypto wallet, namely the well-known “Ledger Nano X.” I want to apologize at the beginning for the slight delay, as the previous part promised a continuation the next day.

We make plans and God laughs at them and breaks them! Life often has its plans disrupted, but I appreciate your understanding. I’ll strive to fulfill my promises on time or avoid making them in the future.

Let’s all be happy, and as the saying goes, “the wolf will be fed, and all the sheep will remain counted.”

Review

Let’s get to work and start with the review of our Ledger Nano X hardware crypto wallet!

Ledger Nano X — Cryptocurrency Hardware Wallet


There is a Ledger Nano X Crypto Hardware Wallet on the picture

To see more pictures and check the price click this link:

https://amzn.to/4b5v5eh

So, the Ledger Nano X comes to us from France, produced by Ledger SAS, founded in 2014. This company specializes in developing security solutions for cryptocurrencies. This product, a hardware crypto wallet, is designed to allow users to securely store and manage cryptocurrencies.

The Ledger company is known for its high-security standards, and besides this hardware wallet, they have produced other products like the Ledger Nano S, proving themselves in the field since 2014. It’s a successful company with excellent products, so if you’re looking to purchase a crypto hardware wallet, pay attention to their products and especially to this review.

https://cryptonftworlds.blogspot.com/2024/01/top-three-crypto-hard-wallets-review.html

Briefly About the Wallet

Ledger Nano X is a hardware crypto wallet that uses Bluetooth technology, allowing it to pair with your smartphone. It supports over 5500 different coins and NFTs and is also paired with the live ledger. In addition to Bluetooth, you can connect it to your personal computer using a cable, which is the safest way to connect because, although Bluetooth is secure, it’s not impenetrable.

My warm advice would be to exclusively use the cable!

Its appearance is similar to a regular USB stick, achieving an excellent balance between simplicity and security. It’s adapted for both beginners and experienced players in the crypto world. On its front, it has a small screen where you can track everything that’s happening.

As the Ledger Nano X is an offline wallet, meaning it’s not connected to the internet, it provides a high level of security against hackers and internet viruses, making it an excellent choice for your cryptocurrencies.

How Does This Wallet Secure Your Cryptocurrency?

Ledger Nano X does not store your cryptocurrency on itself. The crypto you “own” is on the blockchain. Instead, it saves your private keys, granting you access to your cryptocurrency, and you can manage it as you wish — exchange, buy, sell, stake, lend — whatever suits you.

Unfortunately, it’s not water-resistant and not shockproof, making it somewhat vulnerable.

However, it compensates for this with its other features, especially its security, making it one of the safest, if not the safest, hardware crypto wallets — a gem in Ledger’s crown and its greatest achievement.

 

https://cryptonftworlds.blogspot.com/2024/01/when-to-buy-crypto-and-when-to-sell-my.html

Advantages of Ledger Nano X Wallet

  • Has Bluetooth and cable access.
  • Not connected to the internet.
  • Supports a vast number of cryptocurrencies and NFTs.
  • One of the safest, if not the safest, wallet.
  • Can store up to 100 applications.
  • Has its operating system named BOLOS, developed by Ledger, contributing significantly to security.
  • Has the most secure chip on the market.
  • Requires a PIN for access, and for each transaction and setting change, you need to physically press two buttons on the device, an enormous security step.
  • Can generate a 24-word security phrase.
  • Works on desktop for Windows, Mac, and Linux, and on Android and iOS operating systems for smartphones.

Disadvantages of Ledger Nano X Wallet

  • Not water-resistant and not shockproof.
  • Has a rechargeable lithium-polymer battery with a voltage of 3.7 volts.
  • Its price is slightly higher than other wallets in the same class.
  • Bluetooth cannot be used on a computer.

How Ledger Nano X Wallet Works

This wallet has a battery that needs charging, and it comes with a cable. During the initial setup, your wallet will guide you through downloading the application called Ledger Live, available for almost all platforms.

After installing this application, it will lead you through a set of questions designed to ensure that your device hasn’t been touched or manipulated before you.

This option removes all doubts some users may have about purchasing this device from Amazon or another store, as it guarantees that no one touched the device before you, providing an additional security measure by Ledger.

If everything goes well, the device generates a 24-word seed phrase and prompts you to check it twice. This phrase is crucial because if you lose your wallet, you can recover it with this phrase. So, write it on paper and store it in a safe place, away from others’ view.

What’s in the Ledger Nano Box

This wallet comes with instructions, a USB-C cable for connecting to a computer, a recovery phrase writing sheet, and the device itself. In short, the Ledger Nano Box is very simply equipped.

Does Ledger Nano X Have a Seed Phrase, and Is It Secure?

The answer is yes. It has a 24-word seed phrase, unlike some others with 12-word phrases. Regarding security, as mentioned earlier, this hardware wallet is considered one of the best, if not the best, in the crypto world, with exceptional security measures.

Mobile Apps for Ledger Nano X

As mentioned earlier, Ledger Nano X has an operating system named BOLOS and an application called Ledger Live, developed by Ledger, significantly contributing to security. It is available for Android and iOS devices.

https://cryptonftworlds.blogspot.com/2024/01/when-to-buy-crypto-and-when-to-sell-my_13.html

Conclusion

As you can conclude from reading, Ledger Nano X is an excellent wallet, considered by many users as the best one available, and not without reason. It possesses an admirable level of security and excellent security procedures. Of course, you will have to decide for yourself whether this is the right wallet for you, depending on many factors, with the price being a crucial one. Consider other aspects when making a decision, and when you weigh everything, make a final judgment.

Here, we’ve covered the second of the three wallets designated for review, and soon you can expect the next one in line, the famous and well-known Ellipal 2.0!

In this article, you will find some links that are affiliate links. If you click on one of those links and buy something we will get a small fee, but that fee is not charged to you, instead it is paid to us by the product owner or reseller. This way you can buy excellent products researched and reviewed by us without any additional cost to you!

Your shopping with our help can be so much fun and a positive adventure because our motto is:

Save your nerves, and save your money,

shopping with us is so easy and funny!

You can read this article and much more about crypto on Medium, Publish0x, or Substack:

https://medium.com/@neo250477

https://www.publish0x.com/world-of-cats-dogs

https://neo77.substack.com/

If you want to support my work buy me a coffee for $1.

                                                                    ko-fi.com/neo77

Greetings and until my next article!

Neo77 



Top Three Crypto Hard Wallets Review Part Three

Tangem, Ledger Nano X, and Ellipal Titan 2.0 Crypto Hardware Wallets: Their Positive and Negative Sides

There is an Ellipal Titan Crypto hardware wallet in the picture with various applications like Metamask around it

Part Three of the Article

Introduction

Greetings, dear readers and loyal followers! Here we are, slowly but surely, at the third and perhaps the most crucial part of this article, T

Review

Let’s get to work and start with the review of our Ellipal Titan 2.0 hard crypto wallet!

ELLIPAL Titan 2.0 Crypto Hardware Wallet


There is an Ellipal Titan Crypto hardware wallet in the picture

To see more pictures and check the price click this link:

https://amzn.to/3UfWEM3

What makes Ellipal Titan 2.0 so special and different from the others?

This behemoth, or Titan, as it stands in its name, in the world of crypto hardware wallets, is special for several reasons. Apart from being large and robust, resembling a smartphone, Ellipal Titan 2.0 is the first crypto hardware wallet with a fully enclosed metal casing resistant to manipulation of any kind. Besides its size which sets it apart from all other crypto hardware wallets, it is also unique in the way it uses QR technology for data transfer, not relying on connections like USB, Wi-Fi, or Bluetooth. It boasts a massive touch-sensitive screen and a camera for scanning QR codes, performing all operations in a few taps using the Ellipal app, further elevating the security level of this Titan in the world of crypto hardware wallets.

One of this wallet's most important security features is that, in the case of any attempt at forced opening or breach, all private keys are immediately erased. Additionally, since it is not connected to the internet but exclusively uses QR technology, all private keys are stored securely offline.

 

https://cryptonftworlds.blogspot.com/2024/01/top-three-crypto-hard-wallets-review.html

https://cryptonftworlds.blogspot.com/2024/01/review-of-top-three-crypto-hardware.html


How does this wallet secure your cryptocurrency?

Like all other crypto hardware wallets, Ellipal Titan 2.0 does not store cryptocurrencies on itself; they are securely stored on the Blockchain, where they belong. It saves your private keys, providing access to your cryptocurrency and enabling their management, such as selling, buying, staking, lending, etc.

Pros of Ellipal Titan 2.0 Crypto Hardware Wallet

  • Completely enclosed with a metal shell from all sides
  • Uses QR technology instead of Bluetooth, Wireless, or similar
  • No ports like USB, preventing hackers and security breaches
  • Cannot be opened or manipulated in any way, as private keys are erased in case of a breach
  • Not connected to the internet, so private keys are not exposed to danger
  • Creates a 24-word seed phrase and a 25th password
  • Has 2-factor authentication and additional security with a numeric PIN and gesture
  • Resistant to water, but only if sprayed, as full immersion in water would cause destruction

Cons of Ellipal Titan 2.0 Crypto Hardware Wallet

  • Not compatible with desktop computers
  • The price is considerably higher than other crypto hardware wallets

How Transactions Work on Ellipal Titan 2.0 Crypto Hardware Wallet

To perform a transaction using this crypto hardware wallet, three steps are required.

  • Generate a transaction using the Ellipal app on your phone and create a QR code
  • Scan this QR code with the camera of the Ellipal Titan 2.0 crypto hardware wallet, and Ellipal will then generate its QR code
  • Now, scan the QR code generated by Ellipal using the camera on your phone, and the transaction will be sent from Ellipal once the device signs and confirms it.



What’s in the Box of Ellipal Titan 2.0 Crypto Hardware Wallet

In the box, we receive Ellipal Titan 2.0, two paper cards on which we can write the seed phrase, a manual with instructions for use, a micro SD card, usually 16 GB, a charging cable, and a self-standing charging stand. Very simple and easy to use.

Does Ellipal Titan 2.0 have a seed phrase, and is it secure?

Yes, it has a 24-word seed phrase with an additional 25th password. Besides, it has 2-factor authentication and extra security with a numeric pin and gesture. In case of any attempt at breach or manipulation, the self-destruction of the private key is activated, leading to the loss of access to cryptocurrencies.

Moreover, it uses QR technology that has no access to the internet, making it impervious to hacking and online attacks of any kind.

All these features make Ellipal Titan 2.0 one of the safest crypto hardware wallets!

 

https://cryptonftworlds.blogspot.com/2023/11/how-i-became-cryptocurrency-millionaire.html

Mobile Applications for Ellipal Titan 2.0 Crypto Hardware Wallet

Unfortunately, this wallet has no options for desktop or laptop computers but is strictly oriented towards mobile phones, both Android and iOS. It also has its application, Ellipal, which further enhances its security.

Additional Security

For those interested in the highest level of security, Ellipal offers Metal Storage of the Seed Phrase made of indestructible steel, not digital. It is fire and water-resistant, very compact, and easy to carry and use.

If you buy them as a bundle you will save some money and buy them cheaper!

 

There is an Ellipal Titan 2.0 hardware, digital wallet and metal seed fraze storage on the picture

 

Conclusion

Well, dear readers, we’ve covered and reviewed all three crypto hardware wallets and reached the end of our article. The choice you make depends on you, your desires, and your possibilities, as I’ve only given you a selection from the simplest to the most equipped.

Personally, all three have their charms, but if I had to choose, I would go for Ellipal Titan 2.0 along with the Metal Seed Phrase Storage, as it offers absolute security.

Think carefully make a smart decision, and keep your crypto safe!

In this article, you will find some links that are affiliate links. If you click on one of those links and buy something we will get a small fee, but that fee is not charged to you, instead it is paid to us by the product owner or reseller. This way you can buy excellent products researched and reviewed by us without any additional cost to you!

Your shopping with our help can be so much fun and a positive adventure because our motto is:

Save your nerves, and save your money,

shopping with us is so easy and funny!

You can read this article and much more about crypto on Medium, Substack, or Publish0x:

https://medium.com/@neo250477

https://neo77.substack.com/

https://www.publish0x.com/world-of-cats-dogs


If you want to support my work buy me a coffee for $1.

ko-fi.com/neo77


Greetings and until my next article!

Neo77


Saturday, January 13, 2024

When to Buy Crypto and When to Sell, My System and Opinion Part Two

If you want to profit in the crypto market, the most important thing to learn is when to buy and when to sell. In this text, you’ll find some help on that

An old man with a gray beard, a Bitcoin trader is sitting at the desk full of Bitcoins

Second Part of the Article

Introduction

Greetings, dear readers and loyal followers!

As promised, here’s the second part of the article where we’ll delve into a topic as important as the first part. Specifically, when to sell your crypto and, more importantly, when to cash in your profits and withdraw money from exchanges.

Someone who is new to the crypto world or not involved in it might say, “What’s there to talk about? Once you’ve earned enough, cash in your profits, and that’s it.” However, it’s not as simple as it seems.

The first question arises when is the profit sufficient, and when is a person satisfied with their earnings to decide to convert crypto to fiat, feeling completely content.

The profit threshold that triggers a sense of satisfaction is not the same for everyone and is highly relative. What seems like a considerable amount to someone could be petty cash to another, and vice versa.

It also depends on the individual; someone wealthy might be frugal, while someone with a modest income might be generous, making even a million-dollar profit seem insignificant because they spend it quickly.

As mentioned, these matters are highly relative and individual, varying from person to person.

How to Determine the Satisfaction Threshold and When to Cash Out Profits?

In my opinion, everyone should set this threshold for themselves. To help you with that decision, I’ll share some of my personal tricks and advice that I use.

My Tricks and Treats

I hope my tricks and advice will be helpful, making you successful crypto investors. Although what I’ve shared may seem highly relative and intangible, there are still rules and guidelines that, if followed, can lead you toward gains.

Everything I’m about to tell you represents my personal views and is not financial or crypto advice. I’m not a financial advisor but a writer who loves to “share wise advice” and a small crypto investor, not someone with billions obtained by a lucky bet on a “Meme Coin,” pretending to be important, giving advice on investments!

The Adventure Begins

Let’s embark on a new adventure and imagine that we’ve invested in Bitcoin or another crypto and that crypto has started to rise significantly. We decide it’s time to withdraw our earnings.

The first thing I would do here is check the direction of the market, whether it’s in a bear or bull market. Why would I do that, you ask?

https://cryptonftworlds.blogspot.com/2022/12/bear-bull-and-crypto-winter-where-do.html

Because if the market is bearish, and your crypto has surged, my opinion is that it will soon and sharply decline. If it’s a bull market, there’s a good chance it will continue to rise throughout the bull market. What to do then?

If you’re not a Hodler and frequently buy and sell crypto, it’s good to cash out during a bear market and be patient during a bull market. The profit can double or even go 3X, 5X, or 10X in a few days. If you’re a Hodler, the word itself tells you what to do next!

Limits and Borders, Not Those National Ones

My second trick is to determine priorities and sums that are sufficient for me and with which I would be satisfied.

So, let me explain. Suppose I’ve invested in Bitcoin during a bull market, as I’m a Hodler and don’t touch BTC in a bear market. BTC starts to rise dangerously, and it’s expected to reach $100K.

I set upper and lower limits for profit with which I would be satisfied and remain well in the positive. In this case, the upper limit is the maximum growth expected for BTC, $100K, and the lower limit is a sum with which I would be content and stay in the positive if BTC doesn’t reach the upper limit of $100K but starts falling due to the end of the bull market.

For example, if BTC hits $98,485.33 and starts falling due to the end of the bull market, and I set the lower limit for withdrawal at $85K if it doesn’t soar again and hit $100K but continues to fall, I must definitely cash out at $85K, and that’s it.

If you use this method of mine, the most crucial thing is not to move the lower limit when the market falls. If you start moving it, in the end, you’ll end up in the negative, for sure!

https://cryptonftworlds.blogspot.com/2024/01/when-to-buy-crypto-and-when-to-sell-my.html

The upper limit can be EXTREMELY adjusted if the market dictates it. If BTC rapidly surpasses expectations, for example, reaching $200K instead of the expected $100K, the upper and lower limits can be adjusted. In this case, the new limits would be:

  • Upper limit: $200K
  • Lower limit: $185K

Such extreme cases are very rare but entirely possible in the crypto world, so be prepared for anything and have answers to all new circumstances ready. In the crypto world, expect the unexpected!

Still, it would be best not to touch these limits, as they are called limits, to reap the profit you predetermined and are satisfied with. But everyone does what they want, as this is a free market and a free country.

Profits Payout and Conclusion

Now that we’ve earned a substantial amount, it’s time to cash it out! The crypto you’ve gained can be cashed out in various ways. You can exchange it for fiat money and withdraw it to your bank account, convert it into stablecoins like USDT or USDC to reinvest later, or exchange it for fiat. You can turn it into BTC or ETH and hold, stake, lend it, or leave it in the crypto you prefer and withdraw it from the exchange to your cold or hot wallet.


https://cryptonftworlds.blogspot.com/2023/09/how-to-safeguard-your-crypto.html

The choice is yours, dear crypto investors, and only you can decide best what to do with your earnings.

My choice would be to cash out a portion into fiat and reinvest a portion in Bitcoin. But that’s just me and my choice, and I don’t want to force anyone into it. The most important thing is to have funds, and how each person decides to manage them is entirely up to them.

Beautiful worries come when you’re concerned about where to stash your earnings, and I wish you all many such concerns and good luck in investing!

You can read this article and much more about crypto on Medium, Publish0x, or Substack:

https://medium.com/@neo250477

https://www.publish0x.com/world-of-cats-dogs

https://neo77.substack.com/

If you want to support my work buy me a coffee for $1.



ko-fi.com/neo77

Greetings and until my next article!

Neo77




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