LEDGER STAX VS KEYSTONE 3 PRO - CRYPTO WALLET

Summary

In this video, the speaker compares the Ledger Stacks and Keystone 3 Pro hardware wallets, highlighting their pros and cons. While the Ledger Stacks is praised for its sleek design and daily usability, the speaker expresses concern over the security risks posed by Ledger's new 'Ledger Recover' feature. For long-term crypto storage, the Keystone 3 Pro is recommended due to its superior security features. The speaker offers personal opinions, suggesting that those with more than £1,000 in crypto consider a hardware wallet, with Ledger Stacks being suitable for trading and Keystone 3 Pro for hodling.

Takeaways

• 😀 Ledger Stacks is considered stylish and comfortable for everyday use, resembling the design and appeal of an iPhone.
• 😀 The speaker expresses caution about Ledger Stacks due to concerns over the Ledger Recover feature, which may compromise security.
• 😀 Ledger Stacks is not recommended for holding large amounts of cryptocurrency, as there is a fear that Ledger could gain access to funds.
• 😀 Keystone Pro 3 is highly recommended for those who want to securely store cryptocurrency for the long term (hodling).
• 😀 The speaker suggests adding extra security measures, such as the CryptoTag OD, to ensure full protection of backup keys.
• 😀 For anyone holding over £1,000 in crypto, it's strongly recommended to use a hardware wallet for better security.
• 😀 The Ledger Stacks is better suited for daily use, trading, and swaps due to its user-friendly interface, despite its higher cost.
• 😀 Keystone is seen as the superior option for cold storage and long-term crypto holding due to its strong security features.
• 😀 The speaker acknowledges the sleek design of Ledger Stacks but stresses that it lacks the ecosystem and security needed for serious cryptocurrency holders.
• 😀 The video provides personal opinions, and the speaker clarifies that the content is not financial advice but rather based on their own experiences.
• 😀 Viewers are encouraged to join the speaker’s Discord community to discuss further and engage with the content creator.

Q & A

What is the main difference between the Ledger Stacks and the Keystone 3 Pro?

The main difference lies in their use cases. The Ledger Stacks is more suited for everyday use, being stylish and comfortable, while the Keystone 3 Pro is designed for hardcore cold storage, providing better security for long-term holding of cryptocurrencies.

Why does the speaker express concern about the Ledger Stacks?

The speaker is concerned about Ledger's 'Ledger Recover' feature, which they believe could compromise the security of high-value cryptocurrencies. They feel that the feature could allow unauthorized access, which is a risk they are uncomfortable with.

What does the speaker recommend for serious cryptocurrency holders?

For serious cryptocurrency holders who prioritize security, the speaker recommends the Keystone 3 Pro, which is more suited for long-term storage and protection of large crypto amounts.

What is the speaker’s opinion on the Ledger Stacks as a daily wallet?

The Ledger Stacks is viewed as a good option for daily use due to its ease of use, comfort, and stylish design. However, the speaker suggests caution when using it for large amounts of cryptocurrency due to security concerns.

What backup solution does the speaker recommend for the Keystone 3 Pro?

The speaker recommends using the CryptoTag OD as a backup solution for the Keystone 3 Pro, especially for storing recovery seeds securely in case of device failure.

What is the speaker's stance on buying a hardware wallet if you have over £1,000 in cryptocurrency?

The speaker strongly recommends purchasing a hardware wallet if you have over £1,000 in cryptocurrency, regardless of which specific wallet you choose, to ensure security and protection.

How does the speaker compare the Ledger Stacks to an iPhone?

The speaker compares the Ledger Stacks to an iPhone because of its design and ease of use, suggesting that while it’s aesthetically pleasing and user-friendly, it doesn’t offer the same ecosystem or deep security as other options like the Keystone 3 Pro.

What is the speaker’s view on Ledger's 'Ledger Recover' feature?

The speaker strongly dislikes the 'Ledger Recover' feature, believing it compromises the security of cold storage. They feel that it introduces unnecessary risks and should not have been introduced, or at least not integrated into the main product line.

What type of user is the Keystone 3 Pro ideal for?

The Keystone 3 Pro is ideal for users who plan to HODL large amounts of cryptocurrency and prioritize maximum security. It is built for long-term storage rather than frequent use.

What is the speaker's overall recommendation for new crypto buyers?

For new crypto buyers, the speaker recommends purchasing a hardware wallet if they have over £1,000 in cryptocurrency. If they plan to hold large amounts long-term, the Keystone 3 Pro is preferred, while the Ledger Stacks is better suited for casual or frequent trading.