Mar 9, 2021
The Ledger Blue Review: 5 Things You Must Know
In this write-up, I made a detailed review of Ledger’s premium Hardware wallet “The Ledger Blue”.
I have formerly written comprehensively on its more advanced and compact cousins (Ledger Nano S and X).
The Ledger Blue is designed to work like every other Ledger hardware wallets; built to secure your private keys within a secure chip that’s locked by a pin code and kept offline.
Thanks to a large touch screen display, you can view your operation on the device just like a smartphone.
I made this review with 100% transparency, everything you need to know, and how to use the device.
Join me for an informative session.
Post Summary
The Ledger Blue was launched in 2016 by Ledger, a leading company in cryptosecurity.
Founded in 2014 by 8 experts in cyber technology, Ledger currently has over 130 employees in different countries.
Ledger has sold more than 1.5million copies of its products and made over $85million profit from sales since 2014.
The blue is no longer being produced as announced by Ledger in March 2019. This means that after selling the remaining stock, it will no longer be available for sale. You might want to hurry to get yours now.
This review is the best I have seen so far online on the Ledger Blue. I have made it very comprehensive, so I will be sharing my points under the following ;
- About the Ledger Blue
- Price Tag and Unboxing
- How to set up Your Ledger Blue
- Supported Cryptos and Apps
- Pros and Cons
- Conclusion
You can already see it’s a brief one, so let’s check out the rest of the post.
Also Read :
About the Ledger Blue
If you have been searching for a reliable wallet for your coins, then you need to check out the Ledger Blue.
The Blue is beautifully designed like the regular smartphone. It has a large color touchscreen interface.
It also comes with a rechargeable battery so you can power it without plugging it to a computer.
This wallet supports over 30 cryptocurrencies and can manage up to 8 crypto assets simultaneously.
The private keys are kept within a secure chip proprietarily developed by Ledger. If you lose your device, a confidential recovery phrase is used to back up.
Now I will show you how to get the device and the easiest way to use it…Read on
Price Tag and Unboxing
Sold at $266, this wallet is one of the most expensive hardware wallets to buy.
I always advise my readers to buy any hardware wallet from the manufacturer or any authorized seller online.
The following items are contained in the box of your newly purchased hardware wallet.
- The Ledger Blue gadget
- USB cable
- Recovery sheet
- User manual
How To Setup Your Ledger Blue
Now I will show you these 4 easy steps to set up your newly purchased Ledger Blue. Turn the device on by using the power button or connect to your computer. This won’t take you up to 3minutes.
Step 1: Download ”Ledger Live”
The “Ledger Live” is a companion app for your ledger Blue. To get started, download the Ledger Live application. The app is an interface between your transactions and your wallet.
Step 2: Choose a Pincode
So before choosing your pin, if you want the device to create a new seed, select “configure as new device”. Select “Restore configuration” if you want to import an old seed.
Now choose your desired pin. The pin code will be validated together with your seed.
Step 3: Write Down Your Recovery Phrase
A 24-digit word will appear on your display screen, 4 words at a time. Write down each word on the recovery sheet found in the box. You will lose your funds if you lose your seed.
Step 3: Install Necessary Apps
Install the specific app for the coin you want to send or receive. For example, if you want to be sending bitcoins, you choose the Bitcoin app on the device screen.
The Ledger Blue is easy to set up when compared to other wallets. Let’s Proceed!
Supported Cryptocurrencies
Unlike its cousin wallets, the Blue supports a lesser number of cryptos. Perhaps this is why it has sold lesser units apart from its high cost. It supports over 30 cryptocurrencies, and can manage up to 8 crypto assets simultaneously.
Some of the cryptos supported are
ERC2o Tokens will need an alternative wallet connected to the “Ledger Live” e.g (MyEther wallet, MyCrypto Wallet). The blue can hold up to 8 crypto assets at the same time.
Also Read:
The best Hardware wallets 2019
Pros and Cons of the Blue
Let’s look at the device’s ups and downs.
Pros
- It has a large touchscreen for clearer visual
- It has a rechargeable battery
- Multiple currency support
- It is user-friendly
Cons
- It is highly expensive
- Limited copies up for sale
- It is bulky to carry about unlike other smaller wallets
Conclusion
That’s it about the Ledger Blue, you already have all the info you need within a short time.
Now tell me..
What do you find most attractive about this device?
Do you think Ledger is right to stop producing the device?
I will be in the comments section to read your replies and answer any questions you have for me about the device,
Don’t forget to share on your social media to encourage us to make more posts like this…
Not your Keys, Not your coins!
Update:
The Ledger Blue has been sold out. However, you can still purchase the more advanced hardware wallets by Ledger; The Nano X and Nano S
