NewtThomas's blog

A regular crypto wallet user might know about the hardware wallets, but if you are new here then you might not even know the difference between the Hardware wallets and the Software wallets. Once you learn the difference between them, your crypto trading journey will become a lot easier. After getting to know about the type of wallet, you can decide which wallet might be best for you. And if you have decided to proceed further with the hardware wallets then you should stay on this content and read what about a little bit more about a popular hardware wallet called Ledger and its software application called Ledger Live.

What Is Ledger Hardware Wallet?

Being an owner of a few crypto assets is not that much of a big deal, but keeping those assets secure is important. So, to fulfill this important task you will have to decide on a safe crypto wallet for you to protect all your assets. And the best wallet for it is the Ledger wallet. You can keep the crypto assets in this sign your transactions in an offline mode and then execute them. The wallet prevents your data from being shared online protects your funds from getting robbed and prevents your account from getting hacked. You can use the wallet by connecting the hardware device to a laptop, computer, or mobile. Remember to use this wallet you need the help of Ledger Live applications as well.

Ledger Live Application

Every hardware wallet present in the market has its software application as well. The reason behind this is to facilitate a communication bridge between the hardware wallet and the user. During the time of creating a fresh account on the wallet, it would be required for a trader and investor to download and install the application.  With the use of this application, you can purchase, sell, buy, stake, and trade among any of the listed crypto coins. Also, it would be easy for the users to keep track of their investments made till now so that you can stay updated with the price fluctuations. Given below are further features of the Ledger Live application:

• You can use the feature of ParaSwap to directly exchange one crypto asset to another crypto platform without having to store it in the wallet. It saves up a lot of time for the users.
• As explained earlier there is a feature of live tracking that helps the users check the current market price rate along with all the fluctuations.
• The user can freely exchange, trade, buy, and sell any of the assets as they want. 

Summing it Up!

If you are concerned about safety, then there is no need because the wallet has been regarded as one of the secured wallets in terms of keeping the crypto assets safe. We hope that through our write-up you were able to get some insight about Ledger Live and if you want to know some more about the platform then you can visit the official website.

In this era of advancement, no entities are safe on the online platform as they can be hacked by smart hackers. So, as a crypto trader, if you are looking for a well-encrypted safe hardware wallet, look no further than the Trezor hardware wallet. This wallet enables its users to store their assets on its Trezor One or Trezor T device to provide security. 

Well! This read is designed to assist Trezor Wallet users who want to reset their wallet by wiping off the whole data available on the wallet. Sometimes, Trezor wallet users may find difficulty in running it due to accessing data or they want to reinstall the already installed firmware. In this case, they are suggested to perform the factory reset. 

If you are not aware of the process of wiping off the data available on the Trezor hardware wallet, in the further sections of this read, we will discuss the whole process for both Trezor Wallet Model One and Model T devices.

Wipe off the Trezor Model One Data

Before beginning, let me provide brief knowledge that after resetting the factory data of your Trezor hardware wallet, all the pre-existing wallet account data, settings including PIN and passphrase. Now, dive into the complete process of wiping off your Trezor One device.

1. First of all, connect the wallet device to the PC and access it by entering your PIN.
2. Open the Suite and pick up the "Device Settings" option by hitting on the gear icon.
3. Now choose "Device" from the popped-out menu and navigate to the "Danger Area".
4. On the prompted page, you'll be able to see the "Factory Reset" section.
5. Go there and hit on the "Factory Reset" button to proceed further.
6. Next, go through the next page's warnings and provide your consent by ticking the boxes located in front of the instructions.

1. After all, hit the "Factory Reset" > "Confirm" button to finalize the process.

Here you are done with the factory reset of your Model One device data and can reinstall the firmware easily.

Wipe off the Trezor Model T Data

If you are an owner of a Model T or Trezor wallet and want to reset your account's data, the actions you should follow are as follows:

1. First, connect the wallet device to the PC and access it by entering the device PIN.
2. Open the Suite and pick up the "Device Settings" option by hitting on the gear icon.
3. Now choose "Device" from the popped-out menu and navigate to the "Danger Area".
4. On the prompted page, you'll be able to see the "Factory Reset" section.
5. Go there and hit on the "Factory Reset" button to proceed further.
6. Next, go through the next page's warnings and provide your consent by ticking the boxes located in front of the instructions.
7. After all, hit the "Factory Reset" > "Confirm" button to finalize the process.

The process of wiping off the Trezor hardware wallet is quite straightforward and almost similar for both of the devices. Once you are done with the factory data reset process, you'll be able to set up a new PIN for your device as well as a passphrase for your Trezor Suite app or hidden wallets. 

The Final Take!

In all, the Trezor hardware wallet allows its customers to delete all the data associated with their existing accounts. But, before doing so, as a user you need to be aware of a thing that the deleted data would not be recoverable ever. Wrapping up with a needful note that if you have lost access of the Trezor Wallet and also forgotten the PIN, you perform the factory reset very easily by using bootloader mode.