New Ledger Bitcoin Hardware Wallet Launched With 2FA via NFC

Key Points:

• The new Ledger Bitcoin hardware wallet features a 2.8-inch E-Ink display and is priced at $249 with secure transaction approval and private key storage.
• The Ledger Flex supports viewing NFTs, setting custom lock screen images, and integrates with the Ledger Live app for easy wallet management.
• A forthcoming update will enable two-factor authentication via NFC on Ledger Flex and Stax devices.

French startup Ledger, known for its secure crypto hardware wallets, is coming out with a mid-range device called the Ledger Flex and it is priced at $249.

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Ledger Bitcoin Hardware Wallet Introduced

The new Ledger Bitcoin hardware wallet will come with a 2.8-inch E Ink display to bring an intuitive interface for navigation and approval of transactions with fingertips in just a single tap.

Just like any other product from Ledger, the Flex has a secure element specifically designed for the safe storage of private keys. That means that in case your computer or phone gets compromised, your cryptocurrency will always be safe. The reason is simple: since transactions can’t be executed without these keys, even central exchange storing has its huge risks, as seen with FTX and Mt. Gox.

Users manage their Ledger wallet through the Ledger Live app, which is available both on computers and mobile devices. It gives access to public keys, the integration of web3 services, and the initiation of transactions. In addition, Ledger devices support many third-party software wallets for enhanced security.

This has been one of the major features that make Ledger Flex potentially able to show on its E-Ink display details related to a transaction, such as amounts and recipient data, thereby allowing one to verify and approve the transaction directly on the device. When it comes to the loss of hardware, crypto assets can be recovered through a secret recovery phrase.

Upcoming Update to Boost Ledger Flex and Stax with NFC 2FA

The Ledger Flex also supports the viewing of NFTs and thus allows users to set their favorite images as their lock screen. The functionality falls directly under the company’s larger vision of integrating secure signing devices into a digitized future.

The company, however, has promised to roll out a software update soon that would make available two-factor authentication via NFC— supporting a wide range of apps from Google to Coinbase. Thus, further improving in terms of both security and usability of the Ledger Bitcoin hardware wallet and Stax devices.