Where and How To Buy Raydium (RAY)? (2 Best Methods) (2022 Edition)

The Best Price Swaps function in Raydium determines whether users will obtain the best price by swapping inside a liquidity pool or through the Serum order book. Raydium uses the Solana network and the Serum DEX’s central order book to enable lightning-fast transactions, pool liquidity, and a variety of yield-farming features.

Raydium would like to work with other DeFi and AMM communities to help them extend their businesses on Solana as it expands as a liquidity source on Serum. The ecosystem will benefit from more liquidity as well as speedier and more efficient DeFi solutions.

As a result, Raydium paves the way for future DeFi progress, allowing projects and individuals to swiftly join the Solana and Serum realms and reap the benefits of its unique speed and efficiency. Because, at the end of the day, faster transactions, lower prices, and ecosystem-wide liquidity are essential if DeFi’s people, projects, and protocols are to adapt, develop, and prosper.

Most AMMs get liquidity through their own protocols and do not have access to an order book. Raydium provides on-chain liquidity to the Serum DEX’s central limit order book, providing liquidity providers with access to the whole Serum ecosystem’s liquidity and order flow, resulting in increased capital efficiency for liquidity providers. Furthermore, the platform makes use of the Solana blockchain’s efficiency to enable quick swaps at minimal prices.

A simple user interface is necessary to attract merchants and clients. Raydium’s user interface is straightforward, allowing both beginners and professionals to supply liquidity or trade on the platform without having to go through a laborious setup process. Furthermore, the platform provides Trading View charts and the option to issue limit orders, giving customers greater control over their transactions.

Raydium creates an LP token, which represents the LP’s part of the pool when a liquidity provider (LP) supplies liquidity on the platform.

The Raydium community has established that some pools can harvest these tokens and reward them with RAY tokens. Furthermore, projects may reward users for preserving their local tokens by pooling RAY tokens to compensate them.

The AcceleRaytor initiative by Raydium intends to promote the growth of the Solana ecosystem by providing high-liquidity initial dex offerings (IDOs). It serves as a decentralized and interoperable platform for emerging enterprises to raise capital and develop early liquidity, allowing both project and Raydium communities to engage in carefully chosen and validated token exchanges.

The first step is to create an account on Binance by entering your email address and phone number.

Binance supports two-factor authentication and sends an OTP whenever a new login attempt is made. It is just an extra added security measure that you may want to use.

You must verify your account after registering on Binance by navigating to your email inbox and inputting the confirmation code when required. The next stage is to finish your Know Your Customer (KYC) process. You’ll need to input personal information such as your full name, date of birth, and address. The next step is to upload a photo of your ID card, which could be a driver’s license, a national ID card, a PAN card, a voter ID, or anything else.

After successfully creating your Binance account, the part in the process is your Bitcoin purchase to fund your Binance wallet. You can fund your wallet with either your existing coins or fiat currency. Other options for depositing funds and purchasing cryptocurrencies and Bitcoin include bank transfers, credit/debit cards, SEPA transfer, or peer-to-peer (P2P) transfers from your bank.

After you’ve finished the most important initial steps of buying Bitcoin on Binance. The next step is to acquire Bitcoin (BTC) after the money has appeared in your wallet. You can either buy P2P from any of the listed sellers or go with the Express alternatives and enter the amount you wish to spend on Bitcoin (BTC). The Bitcoin should appear in your wallet once you’ve completed the transaction. Congrats! You just made your first Bitcoin purchase on Binance.

Because Binance does not allow direct Raydium purchases, you will need to register an account on another exchange that allows.

Quick Update: Binance now allows direct Raydium (RAY) purchase, so you don’t need to go to another cryptocurrency exchange. Nowadays, you can directly buy Raydium (RAY) from your credit or debit card on Binane rendering the step of buying BTC useless.

BTC should be transferred from Binance to a Raydium-supported exchange.

After you’ve finished purchasing Raydium, save it in a hardware wallet. For better reference, take a look at the best Raydium wallets.

The first step in purchasing Raydium on Gate.io is to register for an account. Simply sign up for an account on the gate.io website and fill in the required information.

BTW, if you register using this link you will get a $100 Bonus and you will also get a 10% fee discount forever.

Open your inbox and look for the gate.io message. After clicking the link, you will be sent to the exchange platform’s website.

Log into your account after that, and your account will be validated.

Setting up 2FA is critical in the crypto world because it protects your account from cyber hackers.

On your smartphone, install the Google Authentication app. After that, scan the QR code and enter the code you just got into the TOTP box, along with your Fund password. When you’re ready, click “Enable Two-factor Authentication.”

Your KYC will be completed once you provide your Identification Document Number in the KYC section.

You can fund your account with a credit card or a bank transfer.

Use the hard cash you’ve deposited to purchase the needed amount of Raydium.

You will be ready to trade with Raydium once you have purchased it.

To keep your Raydium safe, store it in a hardware wallet. For better reference, take a look at the best Raydium wallets and decide which one is the best for you.

Earlier this year, RAY was worth $5.50. And with a cost of $17.19, the investment currently has a 7.4 out of 10 safety rank and a +67% expected return, according to research by several cryptocurrency analysts. The most crucial ranking factor for this currency is its market capitalization.

The system examined the coin’s daily rates over the preceding six months to calculate the ROI that may be received from a Raydium investment this year. Because the nature of crypto assets is anti-stable, there is a good chance that RAY may keep soaring to its newer all-time high prices in the coming future.

The whole cryptocurrency market is now experiencing a big bull run.

There is no broad consensus among cryptocurrency specialists, with some still calling this market a bull trap.

Others, headed by well-known on-chain experts like Will Clemente and Willy Woo, expect a face-melting bull run. As usual, Bitcoin has the last word, and altcoins will follow suit after the flag bearer has made a decision. Bitcoin is now squeezing the life out of altcoins, but once it settles into its new price range, altcoins will begin to balloon – a scenario we’ve seen hundreds of times in the distant and recent past.

Our personal price prediction model is very bullish, with a slight hint of a bear market at the end of the year. We anticipate that around that time, whales and other major market players will take their earnings, culminating in a classic and swift crypto collapse.

Many crypto analytic teams have created a price prediction system that takes a multifaceted approach to cryptocurrency and takes into account both technical and fundamental evaluations of each project.

Some of the factors that analysts use to analyze include the team, Tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype and speculative potential, and so on, as well as some additional unique features created in a specific crypto research lab.

By the end of the decade, Raydium is expected to reach as high as $97.28, according to crypto research forecasting models. So in the long run, Raydium (RAY) can be seen as a profitable cryptocurrency investment.

First of all, go to the official website of Binance.

Binance is always taking on new members.

Because there have been several phishing cases in recent years involving identical duplicates of the genuine site, it is vital to carefully inspect the URL of the website. To begin, look for the ‘Secure’ certificate in your address bar, which acts as verification of the site’s validity. Second, bookmark the official page to prevent any future misunderstanding when trading on the platform.

You must input your personal or trade information after clicking on the “Register” button in the top right-hand corner of the website’s page. You may be asked to supply your mobile phone number or email address, for example. Choose your main email address that you can easily access and that is the most secure for the email address, since you will need it to sign in to your Binance account at all times.

You should also choose a strong password for your email, which should contain a mix of numbers, symbols, upper and lower case letters, and punctuation. A 6-digit number will be sent to the email address you provided as your account’s verification code to complete the registration process.

What is Two-factor authentication (2FA)?

Two-factor authentication (2FA), often known as two-step verification or dual-factor authentication, is a security method in which users validate their identity using two independent authentication factors.

2FA is used to safeguard a user’s credentials as well as the resources they have access to. Single-factor authentication (SFA), in which the user gives only one factor — generally a password or passcode — provides a lower level of security than two-factor authentication (TFA). Two-factor authentication relies on a user giving a password as the first factor and a second, distinct element — commonly a security token or a biometric factor like a fingerprint or facial scan — as the second factor.

After your first log in, utilize two-factor authentication to make your account more secure. Believe me when I tell you that enabling 2FA is crucial since it protects your account from any hacker activity!

Each time you log in with two-factor authentication, you will be requested to provide a unique code after entering your email and password. Install the Google authenticator app on your smartphone to get your one-of-a-kind code.

You can use a credit/debit card to purchase bitcoin or you may send money directly from your bank account to your Binance Crypto wallet account via SWIFT money transfer, or you can use your debit/credit card. I’ll teach you how to use your credit card in this part.

Binance formerly restricted the use of credit or debit cards on its platform, however, this policy has subsequently been modified. Binance has partnered with Simplex to enable its customers to buy Bitcoin or Ethereum using credit or debit cards. As a consequence, transaction speeds in the cryptocurrency exchange have risen, transaction costs have fallen, and transaction flexibility has grown.

I highly suggest you buy Bitcoin first and then trade it for the right amount of Raydium (RAY) as it is relatively easy to purchase Bitcoins using a credit card, but I will go through the best methods to do it step by step to ensure you understand all of the crypto trading jargon.

Follow the following steps precisely:

1. Place your cursor on the ‘Buy Crypto’ tab in the top bar and choose the dropdown menu. Then, pick your currency, for example, US Dollars and click the ‘Credit/Debit Card’ option to advance to the next level.
2. Buying Bitcoins with a credit card is straightforward, but I’ll walk you through the best methods to accomplish it step by step so you understand all there is to know about Bitcoin trading.
3. Move your mouse cursor over the ‘Buy Crypto’ tab on the top bar to activate the dropdown menu. Then, choose a currency, such as US dollars, and go on to the next stage by selecting the ‘Credit/Debit Card’ option.
4. Finally, click “Buy BTC.” A window will emerge with all of your order’s details. However, before finalizing your purchase, you must read and accept the disclaimer and Terms of Use. When you’re satisfied, check the box to confirm your purchase and then proceed to “Payment”.
5. Enter your credit card details as well as your personal information. After that, click “Pay now” and wait for your details to be validated.
6. Since this is your first payment on Binance, you will be asked to verify your email address and phone number with a code given to your email or SMS. To finish the verification process, click the link in your email and enter the code you got by SMS. After you’ve completed all of the above steps, click “Continue.”

The next step is to use an official document to verify your identity. According to the country you selected, you’ll be given a list of ID verification options that you can use to verify your identity.

Simply submit a photo of your ID along with your personal details and click the “Upload Document” button.

Finally, after your personal document has been checked by the system, you will get an email verifying your order purchase. By now, the BTC that you had purchased will be credited to your Binance account.

Quick Update: You can now buy Raydium (RAY) directly on Binance so if you follow all the steps from 1 to 5 by replacing BTC with RAY, you will have already bought Raydium (RAY).
However, if Raydium (RAY) gets delisted from Binance, then you must follow all the previous and forthcoming steps entirely.

Now, let’s exercise your Binance investment to purchase Raydium (RAY).

However, since not all cryptocurrencies can be traded on Binance, we must transfer our assets to a different exchange where Raydium (RAY) may be traded.

You can choose any exchange that supports both BTC and Raydium.

You’re also ready to transfer our Bitcoins if you’ve completed similar procedures as we did with Binance.

After you’ve established a Raydium (RAY) trading account on one of the exchanges that supports it, you must transfer your BTC from Binance to that exchange.

This part may be confusing, but it is not as complicated as a bank transfer.

You’ll need to employ a wallet exchange. Just copy the “Deposit Address” to transfer BTC.

Return to Binance after you’ve copied your one-of-a-kind BTC wallet address. When the popup opens, move your mouse to “Wallet” on the right-hand side of the top bar and then click “Fiat and Spot (Deposit & Withdrawal).”

Search for BTC in the list and then click the “Withdraw” option on the right. Then, choose BTC as the transfer network and paste the deposit address from the other exchange.

Make a note of how much money you plan to remove (you may click the Max button if you want to withdraw all). Then, to begin the withdrawal process, press the Submit button.

Binance may request your 2FA code and need you to confirm the withdrawal through email in order to continue.

That’s it. All you have to do now is wait for the blockchain to confirm your transaction.

You must now return to the exchange that you choose and spend the Bitcoins you provided to buy Raydium (RAY).

You must first browse to trading, then cash trading or ordinary trading.

Then, choose the “RAY/BTC” pair by typing “RAY” into the search field.

After you’ve selected your currency, click it, and a RAY/BTC price table will display in the centre of the page. Choose the “Market” option since this is the most basic kind of purchase order.

Then, using the percentage buttons, input your amount or choose what percentage of your BTC deposit you’d want to spend on purchasing RAY coin.

After you’ve double-checked everything, press the “Buy RAY” button.

Hurray! You now have Raydium (RAY) in your possession!

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Go to the Gate.io official website by clicking this link because if you register using this link you will get a $100 Bonus as well you will also get a 10% fee discount forever. After clicking on this link you will land on the official sign up page of Gate.io.

Once you are on the homepage to create the account simply enter the following details:

1. Email
2. Password
3. Use Referral id: 9517311 (For 10% fee discount forever)

After filling in all the details just click on the “NEXT” Button that will lock your details and will create your account.

Once you are done with creating your account, you will be logged in to your account. That is the main page of your account.

Now our next step will be to enable two-factor authentication (2FA). Now many of you might be having the question that what is two-factor authentication. So, let us first understand what is 2FA.

Understanding Two-factor authentication(2FA):

• Two-factor authentication (2FA), often known as two-step verification or dual-factor authentication, is a security method in which users validate their identity using two independent authentication factors.
• 2FA is used to safeguard a user’s credentials as well as the resources they have access to. Single-factor authentication (SFA), in which the user gives only one factor — generally a password or passcode — provides a lower level of security than two-factor authentication (TFA).
• Two-factor authentication relies on a user giving a password as the first factor and a second, distinct element — commonly a security token or a biometric factor like a fingerprint or facial scan — as the second factor.

Now coming back on how to turn on 2FA  on your account.

Firstly click on my profile option on the right top corner of the window. Then further a dropdown will appear to you. Click the option “ Security Verification “ to continue further. Right here you have to turn on the 2FA option under Login Verification Setup Category.

Now here you have 2 options: 1. Either you can use Google Authenticator 2. Or you can choose SMS for receiving the codes for authentication purposes.

After selecting whatever seems suitable from either google authenticator or SMS  you are done with this step of turning on the two-factor authentication.

In this step, after doing two-factor authentication just scroll up a little bit and you will be able to see the KYC (ID verification option).

Here you have to just enter your name and your identity document number. In this step, you need to upload the scanned image of your document.

Then Gate.io will review your documents and approve your account entirely. The review usually takes about a few minutes.

After that, you are ready to buy your Raydium coins.

We will explain in the next step how to buy Raydium crypto quickly.

After you are done with the identification step now you are ready to buy your Raydium.

To buy Raydium (RAY), you have two different options: 1. Either you can first buy crypto on here with fiat money 2. Or you can deposit any other cryptocurrency that you own and then use the exchange to buy Raydium with it.

First of all, we will see how to buy Raydium with fiat money. Buying crypto using fiat money is going to be very simple. Just go to the left top corner of the window and you will see the “buy crypto“ option right there.

Click on the “Buy Crypto“ option. Now you will see two further options in the drop-down menu. The First will be a credit/debit card and the second will be a bank transfer.

You can choose any of them according to your convenience.

Let’s say for example if you click on the credit card option.

Here you can choose the cryptocurrency that you want to buy. For instance, choose USDT or BTC or ETH and then after buying it, you can exchange it for the Raydium coin. 

I strongly advise purchasing Bitcoin first and then trading it for the appropriate quantity of Raydium (RAY).

It is simple to buy Bitcoins using a credit card, but I will go over the best ways to do it step by step to ensure you grasp all of the nitty-gritty of trading.

1. It’s quite simple to buy Bitcoins using a credit card, but I’ll go through the best ways to do it step by step so you grasp everything there is to know about Bitcoin trading.
2. Activate the dropdown menu by moving your mouse pointer over the ‘Buy Crypto’ tab on the top bar. Then select a currency, such as US Dollars, and proceed to the following step by clicking the ‘Credit/Debit Card’ button.
3. After that, click “Buy BTC.” A window will appear with all of the specifics of your order. However, you must read the disclaimer and Terms of Use before confirming your order. Once you’re pleased, tick the tab to confirm your order and go to “Payment”; click.
4. Fill in your credit card information as well as your personal information. After that, click “Pay now” and wait for it to validate your information.
5. If this is your first Simplex payment, you will be requested to authenticate your email and phone number with a code sent to your email or your phone by SMS.
6. Open the link in your email and key in the code you received by SMS to complete the verification procedure. After you’ve completed all of the steps above, click “Continue.”
7. The use of an official document is required for verifying identity to complete the next step. Simply, upload a snapshot of your identity document together with your personal information and click the “Upload Document” link.

Finally, your personal document will be accepted when it has been reviewed by the system, and you will receive an email confirming your order purchase. Then your BTC will be credited to your Gate.io account.

Now you can exchange your BTC with Raydium anytime you want according to your comfort. You can also take BTC to any other exchange where you want to keep your Raydium coins.

As your crypto asset portfolio grows, you’ll need a secure crypto wallet to keep everything safe. On that end, there are thousands of service providers, and picking the proper one would necessitate an altogether new guide to impart some expertise on the subject.

One of these wallets can be installed on your hardware. You may save your currencies on your devices, such as your desktop or laptop, in this manner. If you choose, you may keep your online possessions safe by using an online wallet.

Mobile wallets may also be loaded on your smart device, although most of them are limited in terms of storage capacity.

The fourth alternative is a paper wallet, which is nothing more than a euphemism for obtaining an official legal document stating the contents of your wallet as well as the keys to getting access to them.

I highly recommend using a hardware wallet that supports several cryptocurrencies to secure your Raydium (RAY) coins. The top hardware wallets are these two: Trezor and Ledger.

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• The Government of Venezuela
• Bangladesh
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• Residents in the USA are permitted to use the exchange with certain restrictions in place due to strict regulations.
• Residents in the Canada are permitted to use the exchange with certain restrictions in place due to strict regulations.

Because cold wallets do not connect to the internet, they are not vulnerable to any kind of cyberattacks.

The ideal approach is to keep your private keys encrypted in a cold wallet, often known as a hardware wallet.

Best Cold Wallet: Trezor Model T

Only use a secure internet connection throughout your cryptocurrency transactions, and stay away from public Wi-Fi networks as much as possible.

For increased security, use a VPN even when connected to your home network because VPN hides your IP address and location from fraudsters, ensuring that your online activities remain anonymous.

Best VPN for Cryptocurrency users: ExpressVPN

Frequently and at regular intervals, completely back up your entire crypto wallet.

In the event of a computer/mobile breakdown, the history of frequent backups could be the only way to recover the currency stored in the digital wallet.

Make a backup of all of the files and store them in different safe places. Create a solid backup password as well.

Keep your program updated. Hackers may be tempted to target a wallet that isn’t running the latest recent crypto software.

The most recent version of wallet software will have a more robust security system, which will help to safeguard your funds.

You may simply avoid a huge problem by keeping your software up to date with the latest security fixes and protocols.

Keep your funds safe by regularly updating your mobile’s or computer’s operating systems and applications.

Despite the fact that it is the last point, it is still crucial.

Remember to carefully select your cryptocurrency exchange platforms.

Make sure you’ve done a full background investigation on the company before deciding on whatever platform, tool, or program you’re going to use.

The Trezor Model T is TREZOR’s next-generation cryptocurrency hardware wallet. A huge colour display provides plenty of room for a lot of information while still being simple to operate.

Raydium, Bitcoin, and Ethereum are amongst the more than 1000 cryptocurrencies supported by Model T.

Security researchers have evaluated the hardware wallet, and with the software being totally open source, it has proved to be flawlessly secure.

Trezor Model T also has the ability to completely control your entire digital identity, including passwords, SSH access, U2F, and more.

How to order?

It is typically suggested that you should acquire the TREZOR Model T hardware wallet straight from the manufacturer’s web store (click here to check the current price).

Cryptosteel Capsule is also available as an add-on, allowing you to protect your hardware wallet backup from the elements out of your control.

TREZOR also offers a worldwide network of authorised resellers. There’s also an Amazon store and a slew of individual vendors. In addition to free and quick shipment to Germany, you’ll get excellent customer care through chat, email, and phone, as well as free installation assistance (in English).

Some hardware wallets are provided under quite varied terms, and a middleman might alter devices to suit his needs.

Contents of package

A box holding the hardware wallet is included in the mailing envelope. A Cryptosteel or OTG cable is included in the shipping, depending on the accessories chosen.

The front side of the Trezor Model T just has the logo, whereas the backside has extra information, such as the cryptocurrencies that are supported with some instructions and tips.

The entire packaging is foil-sealed from top to bottom.

When the outer white cover is removed, the black inside package is seen.

The TREZOR Model T – “The secure location for your coins” – can already be seen via a tiny window.

The front of the lid is closed by a magnet, and it may be opened without removing the adhesive.

The fast start instructions are on the inside, the accessories are on the right, and the TREZOR Model T is on the left when you open the lid.

Magnets hold the hardware wallet in place, and it can be readily removed with just a little push. The hardware wallet and attachments are not harmed by the magnet.

Trezor Model T (Physical and Technical Details)

The device’s weight of 15g immediately makes a positive impression when you hold it in your hand.

It is also somewhat bigger than its predecessor, the TREZOR One, at 64x39x10mm. This is owing to the front panel’s 240 x 240 pixel RGB LCD colour touchscreen.

The TREZOR logo is clearly visible above the display. On the underside, a female USB-C connector with USB 2.0 is included, which is covered behind a holographic seal.

The hologram should be firmly positioned over the TREZOR’s USB-C interface. It leaves traces on the gadget that are difficult, if not impossible, to erase once removed.

It’s possible that your device has been tampered with.

Another microSD card interface may be found on the right side.

This enables developers to manually install the bootloader. With fresh firmware, this interface will be utilised for daily chores in the future. It’s, therefore, possible to store the labelling to the SD card rather than uploading it encrypted to Dropbox (more on that later) or to sign files with a private key through an SD card.

Accessories

In the black box adjacent to the gadget, you’ll find the USB-C cable and additional supplies. To do so, remove and open the accessory box from the carton.

There is also a “Getting Started” instructional booklet and two cards for recording the recovery seed in addition to the 50cm long wire (backup). And of course, stickers are supplied once again.

But wait, there’s more! Because the black plastic beneath the TREZOR Model T has a dual purpose: it serves as a sort of magnetic mount for the new hardware wallet.

The reverse side of the double-sided sticky tape may be attached to any sturdy surface. You can now dock the TREZOR Model T there and see the screen at any time thanks to the magnets.

Trezor Model One REVIEW

TREZOR has made significant progress with the new packaging and has given it additional consideration. The content is better structured and the lighter look is considerably more attractive.

The employment of magnets to seal the lid produces an instant and positive impact.

The TREZOR Model T hardware wallet appears to be more durable than its predecessor. The fact that a USB-C connector is available is extremely appealing.

The seal remains are annoying and difficult to remove from the hardware wallet.

In terms of the added security, I’m very happy with it.

The TREZOR MODEL T may be hung in its range of view but the supplied docking station is a useful addition.

Ledger Nano X

Due to the certified security element, which is also used in highly secure goods like credit cards and passports, the upgraded successor of the popular Ledger Nano S delivers state-of-the-art security. Over 1000 cryptocurrencies are supported, including Bitcoin, Ethereum, and XRP.

You can use it with Bluetooth, which allows mobile usage through a smartphone as well as use on a PC, and free shipment straight from the manufacturer.

How to order?

I highly doubt that these hardware wallets are available near anyone’s nearby local stores, thus purchasing them over the internet is the only choice you have. Ledger has its own web store where it sells its hardware wallets.

There are various accessories to purchase in addition to the hardware wallets. Plus, free delivery, a 14-day simple return policy, more than 15 secure payment ways, multilingual customer service from crypto professionals, and the assurance that you will receive an original device are all benefits of the Ledger Shop.

You may, of course, order the gadget through one of the numerous authorised resellers. Resellers may be found all over the world. In addition to free and quick shipment to everywhere around the world, you’ll also get excellent customer care through chat, email, and phone, as well as free installation assistance.

Contents of package

The hardware wallet, a keychain strap, and a USB C connection for charging or connecting to a PC are all included in the Ledger Nano X’s compact 8x13x3cm package.

A multilingual quick start guide, three “recovery papers” for backing up the hardware wallet, and stickers are also included.

Build Quality

The hardware wallet, like the Ledger Nano S, may be unlocked by twisting the brushed stainless steel lid. The electronics are hidden under the surface in a plastic casing. You may even bend the stainless steel lid entirely to remove it if you like.

The Ledger Nano X is somewhat bigger and heavier than the Ledger Nano S, which is immediately visible. This is owing to the integrated 100mAh battery, which is now equipped with Bluetooth for mobile and PC use.

The OLED display, on the other hand, is a little larger. A black button on the left and a silver button on the right has been moved from the top to the front.

A keychain strap eyelet is located on the right side, and a USB-C port is located on the left side.

Ledger Nano X Usage

After you’ve set up the Ledger Nano X, you may use the Ledger Live applications to interact with the hardware wallet. These are required for the proper management of cryptocurrencies. You may accomplish this by using the manager, which is built within the Ledger Live programme.

Command and Control Center

By holding both buttons down for many seconds, you may access the Ledger Nano X Control Center at any moment. You may check the battery’s charge level, switch the device off, and adjust the settings from here. For instance, consider the following: Bluetooth should be turned off. Increase or reduce the time it takes for the automated switch-off to occur. Change the name of the gadget Bluetooth connections or the entire device can be reset. Set up a second password for more security.

Security Features

The Ledger Nano X, like the rest of Ledger’s hardware wallets, delivers cutting-edge security.

The private keys are safely isolated inside the device’s certified security element (CC EAL5+), the same chip is also seen in high-security applications like credit cards and passports.

Because the Bluetooth connection is solely utilised as a transport layer for public information, it is not a potential attack vector.

The seed phrase or secret keys are never allowed to exit the secure element. The Ledger Nano X’s security is based on the secure element, which will ask clearance for any operation even if the Bluetooth connection is compromised.

Furthermore, Bluetooth may be turned off at any moment in the settings, allowing only cable use. Unauthorized access to the hardware wallet is safeguarded by a PIN code. A password can also be used to secure Ledger Live functioning.

• Technology is outstanding.

The Consumer Electronics Show (CES), the world’s largest annual technology show, honours goods that stand out from the crowd. The CES Innovation Honoree Awards honour products or technologies that exceed a particular level of excellence in this area.

This award was given to just 31 goods in 2018, despite the fact that there were over 4400 exhibits at CES this year.

The hardware wallet CES Innovation Honoree Award in the Cybersecurity and Personal Privacy product category was given to Ledger for their Hardware Wallet, highlighting the company’s inventive power in the hardware wallet sector.

It combines the protection of secure components and a proprietary operating system with Bluetooth’s simplicity of use and flexibility, as well as increased storage capacity.

Trezor One Model

TREZOR is a hardware wallet for storing cryptocurrency in a safe manner. As a result, the hardware wallet is compatible with well over 1000 different cryptocurrencies, including Bitcoin, Ethereum, and Raydium.

The TREZOR is a USB 2.0 device that runs on Windows, Linux, and Mac OS X. (10.8 or higher). Other security features, such as a password manager, are supported.

How to order?

TREZOR sells its wallet on its own web store. Shipping to a wide range of countries is possible and you will need to pay extra charges for it but it’s reasonable though.

The colours white, grey, and black are available depending on the inventory.

You may also select from a variety of accessories. To use the hardware wallet on the move, you’ll need an OTG cable for Android devices. This should be chosen in the store’s shopping cart.

Instead of writing down your recovery seed on paper, you may keep it secure from the elements with Cryptosteel. TREZOR and Cryptosteel work well together.

TREZOR also works with a global network of resellers. These companies get better deals on hardware wallets and then distribute them in their own nations. These may be found all around the globe.

Packaging

The hardware wallet and the OTG adapter, both of which must be bought, are included in the compact mailing envelope that fits easily into the mailbox.

The hardware wallet comes in a plain cardboard box that is totally foil welded. Underneath the protective coating is the seals.

If any of the seals are broken, follow the instructions on the back of the box and contact support. The gadget may have been tampered with in this situation, and TREZOR will take care of the matter.

A little sticker on the page also indicates the colour. Before opening, this, too, should be managed.

You can skip straight to the complete scope of delivery if you pay the seal and unlock the extra bond board. It is shock-proof since it is firmly implanted in a foam sheath.

On the one hand, the hardware wallet itself is provided, which is bonded with a foil to prevent scratching. It also includes four TREZOR logo stickers, a USB-to-micro USB connection for connecting to a computer, two recovery seed notes, and a little ribbon for attaching to the TREZOR.

The final size of the TREZOR is rather astonishing. It measures 60 x 30 x 6 mm and weighs only 12 grams. The TREZOR logo sits on the front, along with an OLED display with a resolution of 12864 pixels and two pressure-sensitive buttons beneath. The MicroUSB port for connecting to the device is on the bottom, and an eyelet for a trailer is on the top. The back has never been used.

REVIEW

The order process at TREZOR’s online shop is quite intuitive and simple. All that is required is the delivery address, and payment is performed by Bitcoin or credit card.

From Prague, the Czech Republic, shipping is completed fast and without any hassle. Although the TREZOR Hardware Wallet is also available via Amazon, the third-party sellers should also be handled with caution, as they have the means and the ability to modify the gadget, including the packaging.

In addition, the stickers provide a wonderful addition to the meal.

Ledger Nano S

The Ledger Nano S is a tiny and lightweight device. In comparison to other hardware wallets, it also features a metal shell, making it more robust. It’s small enough to slip into your pocket or hold in your palm.

The Ledger Nano S functions similarly to any other hardware wallet. You’ll pick a PIN when you initially connect it to your computer and set it up to safeguard it from unauthorised access.

A 24-word seed phrase will be sent to you later, which will serve as your private key.

This seed should be written down somewhere safe, not on your computer because anybody who knows it has access to your Bitcoins.

It’s a good idea to use a Cryptosteel device to jot down this seed.

There are two buttons on the Ledger Nano S that you may use to operate it. The device’s first setup is quick and easy, taking even less than 3 minutes. The majority of your time will be spent writing down your seed.

One of the situations, when the second screen comes into play, is during seed generation. If the seed was shown on your screen, a hacker would be able to view it if your computer was compromised.

This is why the seed words are shown on a tiny screen on the tamper-proof gadget, ensuring that only you can see your seed.

It’s only a matter of installing Ledger Live after the device has been set up. An application on your computer that allows you to interact with the gadget (i.e. send and receive Bitcoins). The Ledger Live interface is extremely user-friendly and does not require any training.

Existing software wallets, such as MyCellium, MyEtherWallet, and others, may also be secured with the Ledger Nano S.

CONTENTS OF PACKAGE

Due to the high level of risk involved in maintaining digital assets, the first step in performing due diligence on a hardware wallet is to open the box.

The Ledger Nano S logo is plainly visible on the outside of the packaging, which is shrink-wrapped in plastic.

Previously, a tamper-proof sticker was used to seal the upper and lower parts of the box. This isn’t the case anymore. Instead, there’s now a comforting card that explains why.

Regardless, you should only acquire a hardware wallet device from the manufacturer or an authorised reseller.

The box contains:

• Ledger Nano S
• USB Cable
• Lanyard
• Keychain
• Backup and Info Cards

For safely using cryptocurrencies, a VPN is well worth the money. It might help you feel safer when it comes to your privacy as a buyer or vendor.

Crypto transactions, as I previously said, are recorded in a public distributed ledger. So there is information accessible on that public ledger that can be used to identify you and if you are identified, then hackers can easily find a way to steal your coins.

Cryptocurrencies are pseudonymous and NOT completely anonymous. That is to say, your transactions are documented under a fictitious name.

Every crypto exchange saves your IP address (anywhere you buy and sell cryptocurrency). Hackers can use this information to determine your identity and then by exploiting flaws in your internet connection, they CAN steal your hard-earned coins.

There are a lot of con artists out there. In fact, crypto exchange frauds netted criminals more than $20 million in the first three months of last year.

We do not, however, advocate that you utilise a free VPN because they are infamously known to sell information. So they might also put you at risk of security breaches, especially if you trade frequently.

Ian Balina is the creator and CEO of Token Metrics, a crypto data analytics platform that teaches investors how to use machine learning to make better investment decisions.

For his work in analytics, cryptocurrency, and business, he has been featured in CNBC, Bloomberg, Wall Street Journal, Forbes, Business Insider, and Entrepreneur Magazine.

Ian has a master’s degree in computer engineering and was formerly the IBM Watson North American Analytics Evangelist. Token Metrics is a data-driven Moneyball-style technique to investing in crypto assets that he devised.

Ian turned $20,000 into almost $5 million by investing in cryptocurrencies in 2017 using the Token Metrics analytical platform. He was able to achieve financial independence by openly tracking his investments using a free investment spreadsheet. More than one million investors each month used this spreadsheet, which has now grown into one of the most prominent crypto investment research sites.

Ian is also motivated to give back through his humanitarian activities with Children of Uganda and Black Girls Code, having come from modest beginnings in Kampala, Uganda.