Ledger Unveils New Hardware Wallet
Don't let the picture fool you. This is my hardware wallet, not the new one that Ledger announced the other day.
A couple of years ago I was lucky enough to be given a $50 Amazon gift card. I decided I was going to use it to purchase a hardware wallet. I honestly didn't do a lot of research, I simply settled on the Ledger Nano X without knowing too much about it because it was supposedly one of the best wallets on the market at the time.
I had heard people having space issues with the Nano S, so that was the main reason I picked the Nano X. Looking back now, I kind of wish I would have given the Trezor wallets a bit more attention. From what I have seen they seem a bit more user friendly.
In an article I read the other day, Ledger is now getting ready to launch the Ledger STAX Wallet. Designed by a former Apple engineer, I have to admit, this thing is pretty sleek looking. Love or hate Apple, one thing they do quite well is design devices and packaging.
I'll give you a second to jump over to that link above and check out the design of the device.
You good now?
I love the fact that they used the E Ink technology to make it just as readable as something like the original Kindle. I am guessing that also allowed them to keep the price lower than it might have been had they used a full color display. At $279, they are already touting this as a "premium" wallet.
I think it is kind of cool that they are going to allow you to display NFT's that you own on the front as well. According to the article, this will be available at Best Buy and online by the end of first quarter 2023. There is some speculation this new model could be coming at an opportune time for them given the current push to move to self custody wallets among the crypto community.
Personally, I have a love hate relationship with hardware wallets. More specifically, I just find my Nano X not very user friendly. I don't know as though the STAX will change that, but hopefully having more than two buttons will be a good start. It is a massive pain to cycle through all the characters to input my PIN anytime I want to access my Nano X.
On top of that, given the size, I feel I am more likely to lose it than I would my cell phone or something like that. While I know the reasons a software wallet on my cell phone isn't as secure as a hardware wallet, it is definitely more convenient.
Since I move crypto around both at work and home, I shudder to think of how easy it would be for me to lose my Nano X if I were to take it back and forth between the two locations. The STAX looks like it would feel a bit more hefty and less likely to be lost or forgotten.
That's a me problem though, not a you problem.
Someone pointed out to me the other night that Trezor has some pretty cool looking full screen hardware wallets. There is also one by Ngrave that looks pretty impressive. From a purely design standpoint though, I have to admit the STAX is just a sexy looking piece of hardware.
What do you think? Are you going to be picking one up? Do you currently have a Nano? How user friendly do you find it to be? Are you ever worried about losing it due to it being so portable?
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