What are the benefits of using a Ledger Nano S for Ripple with a destination tag?

1 answers

• Mannat JainJul 27, 2020 · 5 years ago
  When it comes to Ripple transactions with a destination tag, using a Ledger Nano S can be highly beneficial. The Ledger Nano S is a hardware wallet that provides an extra layer of security for your Ripple holdings. With your private keys stored offline, the risk of them being compromised is significantly reduced. Additionally, the device requires physical confirmation for transactions, ensuring that only authorized transactions are executed. Another advantage is the support for destination tags. Many exchanges and services require a destination tag when receiving Ripple, and the Ledger Nano S allows you to easily include this tag when sending your Ripple. Lastly, the Ledger Live app provides a user-friendly interface for managing your Ripple holdings and monitoring transactions. Overall, using a Ledger Nano S for Ripple with a destination tag offers improved security and ease of use.
  896

  448