If you’re a geek who is addicted to the latest cryptocurrency trend of Bitcoin and Ethereum you’ll love the Ledger Nano S hardware wallet. A hardware wallet keeps your cryptocurrency funds safe by requiring you to press a physical button to send funds. So even if your computer has been compromised funds can’t be removed from your wallet. Additionally the device has a pin code so even if it’s stolen it’s impossible to use.
What happens if you lose it? Just order a new Ledger Nano S and use your backup phrase to restore your wallet and its contents on a new device.