Subscribe Ledger Stax: Enter the World of Digital Assets Skip to main content

Featured

Why Comparing Digital Investments to Real Estate is Ridiculous - A Guide for Investors

Investing in digital assets like stocks, cryptocurrency, and real estate can be confusing, especially when trying to compare the three. However, it's important to understand that each type of investment has its own unique characteristics and potential benefits, and it's foolish to compare them as if they are one and the same. In this blog post, we'll explore why comparing digital investments to real estate is ridiculous and discuss the key factors to consider when deciding between these different asset classes. Real estate and digital investments are two completely different asset classes with their own strengths and weaknesses. Real estate investments are typically highly leveraged, meaning that investors can borrow money to make a purchase. This allows for the potential for greater returns but also magnifies the risks. In Canada, it's not uncommon to see loan-to-value ratios of 80% or more, which means that investors are only putting down 20% of the total investment a
Read more
Labels

Ledger Stax: Enter the World of Digital Assets

Tony Fadell, the man behind the iPod, developed a brand-new hardware wallet for cryptocurrency storage.

Ledger, a French business that specializes in crypto asset protection, debuted the product at its annual Ledger Op3n conference on Tuesday. Its debut coincides with a period of waning confidence in centralized cryptocurrency platforms as a result of Sam Bankman-demise. Fried's FTX's Tony Fadell, the man behind the iPod, developed a brand-new hardware wallet for cryptocurrency storage.

Ledger Stax is a device that resembles a little smartphone or credit card reader. Its dimensions are around 85 mm by 54 mm, which is similar to a credit card. Additionally, it weighs less than an iPhone at 45 grammes. A variety of tokens, including bitcoin, ether, cardano, solana, and nonfungible tokens, or NFTs, can be deposited or exchanged by users.

As long as your Secret Recovery Phrase is secure and only known to you, you won't need to worry if you misplace your Ledger Stax since you can still access, manage, and reclaim your cryptocurrency. Get a new Ledger Stax or another Ledger and use the Secret Recovery phrase to regain access to your accounts.

Why should I keep my digital assets on Ledger Stax rather than an exchange or software wallet?

Software wallets keep private keys on computers or other devices that are online, leaving them vulnerable to various assaults. When you store your cryptocurrency on an exchange, you give up ownership of your money and give the private keys to a third party. Ledger Stax gives you total control over your assets by storing your private keys offline on a Secure Element chip and providing complete isolation between the keys and your computer or smartphone.

Ledger Stax was designed to provide comfort and clarity when using your crypto and NFTs on a daily basis. On the first curved E Ink touchscreen in the world, clearly sign your transactions with ease. Make Ledger Stax uniquely yours by naming it and personalising the lock screen with your own NFT or image. Trust the absolute security of Ledger with your peace of mind. Pre-Order

More Articles Below

Bitcoin and Crypto Taxes: Tax.Crypto.com

8 Places to Spend Bitcoin in Canada

How Does a Bitcoin Home Purchase Work?


 

Labels:
Location: Calgary, AB, Canada