Ledger has been building and refining hardware for Bitcoin security since 2014. With the recent announcement that Canadian crypto exchange VirgoCX chose Ledger Vault’s storage solutions for its custody of clients’ funds, the French company gained a foothold in the Canadian market.
In addition to enterprise-level storage, Ledger also offers hardware wallets for securing your own cryptocurrency.
We’ve compared the three different brands before, and now we’re going to focus on how to buy a Ledger hardware wallet in Canada.
Both devices support an impressive number of different coins and crypto assets: over 1250+ at last count. This puts Ledger above their competitors Trezor and KeepKey in terms of number of assets supported. For example, Ledgers are the only hardware wallets that currently support Ripple (XRP).
The main difference between the Ledger Nano S and the Nano X is the fact that the X is Bluetooth-enabled. This means that you can trade on the go, pairing the Nano X to your smartphone and managing your assets on the Ledger Live interface.
At CAD$159.00, the Nano X costs just over double the $79.00 Nano S, so if Bluetooth functionality is not a dealbreaker you may be better off with the Nano S.
Whichever model you choose, rest assured that you’re buying one of the most secure hardware wallets on the market. Ledgers contain CC EAL5+ certified secure chips, which is a technical way of saying that they exceed the international standard for hardware security.
When buying a hardware wallet, it’s important to ensure that you’re purchasing from a reputable source. You may be able to find a cheap Ledger on eBay, but there’s a reason it’s cheap: a compromised hardware wallet would allow someone to gain access to your crypto, even after it’s left their hands.
Since that’s exactly what you’re trying to avoid by buying a hardware wallet, make sure to buy a brand new model from a trusted vendor. Ledger’s own website is your best bet, or their official Amazon store.
Never buy a secondhand hardware wallet. It could be compromised and end up costing you much more than the few dollars you initially save.
Ledger lists three approved third-party retailers on their site. If you’re in Québec, The Crypto Shop in Montréal and Hey La Gang! in Saint-Jérome have got you covered. Otherwise, Marsan Exchange is an online retailer covering all provinces.
In your new Ledger Nano’s box, you will find:
One thing you won’t find on the packaging are anti-tamper seals. Ledger doesn’t use anti-tampering seals on their packaging, as they can give a false sense of security. Instead of trusting a sticker to tell you that your device is genuine, Ledger has developed an online test to do just this, called Root of Trust.
Each Ledger device has a set of keys: one public, one private. The Nano sends its public key to the Ledger server, which answers with a challenge in the form of a randomly generated number. If your device can provide a correct signature for this challenge, it’s genuine. If it can’t, the device has been compromised and it will be blocked.
This means that you don’t need to trust the retailer you bought your Nano from. You can verify the authenticity of your device yourself.
Congratulations on deciding to take control of your crypto with one of the best hardware wallets on the market. To secure the seed phrase of your Ledger Nano and make your holdings even more secure, check out our guide to the best steel wallets.
There are some fantastic products out there for backing up your new Ledger device. The point of these devices is to make sure if there is a fire or flood in your house, your coins survive even if your Ledger doesnt.
They achieve this by storing the Ledger’s recovery phrase in a stainless steel chassis, either by using a stamping method or laser cut tiles. You can learn more about those options below: