Ledger Nano S is a hardware Bitcoin wallet that has many ways to protect your digital money. This includes the use of a PIN when you plug the stick on your computer.
Not only will Ledger Nano S protect your winnings from any of the best Bitcoin dice games, it also has other features. This includes the ability to hold altcoins.
Security level of Ledger Nano S
When it comes to a hardware wallet, you will want one that can give you the protection you need against many online threats. With Ledger Nano S, you are not only buying a vault for your Bitcoin. You are buying a vault with a thick steel wall and complicated door lock.
The first set of protection you can expect is on the stick itself. Ledger Nano S has two buttons on its side. For a payment to go through the device, you will need to press down on the two buttons at the same time. This makes it virtually impossible for any hacker to get your money out of the stick unless they can physically push the buttons themselves.
You might be thinking that the hacker could do that if he happens to steal the stick itself and could push the two buttons. This is where the PIN of Ledger Nano S comes in. No one can take your Bitcoin out of the stick unless they have the right PIN. If they enter the wrong PIN three times in a row, the wallet will wipe all of its data. Fortunately, your stick has a backup recovery feature.
The cryptographic and configuration info is done inside your Ledger Nano S. This makes it virtually impossible for any malware to peek at the info and send it offline. In other words, hackers have no ways of knowing your PIN and other important info via the net.
Ledger Nano S features
If anything happens to your Ledger Nano S, you can use the recovery phrase to get your Bitcoin back. The recovery phrase is a set of 24 random words that appear on the LCD screen. The device will confirm that you have your recovery phrase written down by asking you two random parts of the phrase. To recover your Bitcoin with the recovery phrase, use another Ledger wallet or those that support BIP 39 or BIP 44.
Certain Bitcoin dice sites might allow you to play with Ether or Litecoin. With the Ledger wallet, you can store your winnings on your stick. The Ledger Nano S wallet takes in Ether, Litecoin, Dash, Dogecoin, and another popular altcoin. This is perfect if you are looking for a place to put your altcoin winnings from any Bitcoin dice game sites without exchanging it to a usable currency.