I would imagine this is primarily used for some shady dealings. Who wants to tell me what they will use this for first? .....
To elaborate a bit further, this is a cold storage wallet for cryptocurrency. It's a recommended way for anyone to extract their cryptocurrency from the online exchange where it was purchased, for safekeeping so it can't be stolen if the exchange gets breached. (Hackers can't steal your crypto if it's not accessible online.) Even if the Ledger itself is lost or stolen, it can't be accessed without your password, and multiple failed password attempts will disable it such that a more elaborate procedure is needed to restore your crypto. Short of storing your crypto numbers written on paper (which itself could be lost or stolen), a cold storage wallet really is the safest way to store any cryptocurrency.
Is the deal dead? I really hope not. I've been waiting for a sale since I missed their last sale (obsessed lately looking for a switch deal for my son which I also missed out on but I digress *sigh*).
For those wondering if X is worth the extra money over the S, I'll answer with a couple questions: what's important for you?
Do you just want a hardware wallet only to keep things off exchanges and hide away? If yes, then no - buy the S and use the difference on another investment.
Do you trade once to multiple times a day or are constantly checking prices (been there, don't do it) and be able to have access in a moment's notice? Then the X is definite one to consider.
From my understanding & correct me if I'm wrong, the X is catered to those who want to trade OTG (on-the-go) in a more convenient way.
Personally I'd get the backup pack to have the X always on me and the S locked away in a mountain vault.
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Storing Bitcorn.
For those wondering if X is worth the extra money over the S, I'll answer with a couple questions: what's important for you?
Do you just want a hardware wallet only to keep things off exchanges and hide away? If yes, then no - buy the S and use the difference on another investment.
Do you trade once to multiple times a day or are constantly checking prices (been there, don't do it) and be able to have access in a moment's notice? Then the X is definite one to consider.
From my understanding & correct me if I'm wrong, the X is catered to those who want to trade OTG (on-the-go) in a more convenient way.
Personally I'd get the backup pack to have the X always on me and the S locked away in a mountain vault.
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Following that logic I question then fiat currency, drugs and medications, the internet?
Just because something can be used negatively or in "shady dealings" doesn't make it it's primary use case.