Ledger Live Wallet – Get started with the Crypto Security
In this world of online frauds get your funds secured with the Ledger live wallet. The hardware wallet device offers a robust security mechanism protecting the funds to the fullest. However, the purchase price of this wallet might be a little expensive but think of it as a one-time investment.
Are you looking for a secure crypto wallet to take responsibility for your fund's security? Then this is your sign to for Ledger hardware wallet. Still not convinced about this wallet, go through the content provided below for the deeper insights.
What is the Ledger live wallet app?
This is a free application taking control of your crypto holding management. Not only crypto, it also manages your NFTs as well. The application is compatible with the following list of devices:
Windows
Android
iOS
Linux
macOS
This app is appropriate for both novice and crypto professionals. Both of them need security, don’t they? To get the application you can use the link here https://www.ledger.com/start.
Highlights of Ledger Live wallet
We hope that the above section helped in clearing out the basics of the Ledger live application. Let’s discuss it further and get insights into the features offered by this hardware wallet application:
- Crypto Buying and Selling
With this application, you’ll get an opportunity to purchase, sell, and manage your crypto coins.
- Crypto Swapping
Get an opportunity to exchange your one crypto asset for the other one by following the instructions.
- Stake your Crypto
The next feature it offers is staking, earning various rewards by staking assets such as TRON, ETH, ATOM, DOT, XTZ, etc.
- Checking Crypto market prices
To keep up with the crypto industry, thus stay updated with the latest market prices of the crypto assets and make changes to your holdings accordingly.
How does Ledger Wallet ensure security?
The foremost function of the Ledger wallet is to store the private keys of the Ledger hardware wallet account of the user. It comprises the ‘Secure Element Chip’ which helps in account security. Here are the security points of the Ledger Live wallet:
- Seed Phrase Backup
During your account setup on the Ledger device, you will be allotted the 24-word seed phrase. Now, it is the responsibility of the account holder to keep this phrase private. The phrase will come in handy to recover your funds in case you lose your hardware wallet device.
- Offline Transaction Signing
Unlike the software wallets, transaction execution here does not take place through the online mode. Rather it depends on the offline mode to do so. You will have to physically verify the transaction from your device screen after signing in with your private key.
- Verification on Device Screen
Before you confirm any of the transactions, always cross-check the transaction details. Always certify that you’ve entered the address of the receiver correctly.
If you want to learn more about the security then go through its official website using the link https://www.ledger.com/ledger-live.
Ledger live download Procedure
From the sections explained above, you must’ve understood one fact that you have the Ledger live wallet application is compatible with quite several devices. Therefore, it is now time to take a look at its download procedure.
For Mobile
As per your mobile open Google Play Store or App Store.
In the search panel, type Ledger Live Wallet and press the search button.
Select any one option from the result page.
Tap the download option to start the process.
Ledger Live Desktop Download
Click on the link here https://www.ledger.com/ledger-live-download.
From the newly opened tab, select the type of your device.
This will begin the download procedure.
Take a look at the download progress from the toolbar.
After the finishing Ledger live wallet download, do ensure to connect its hardware wallet device as well.
What is the Ledger Live wallet price?
The Ledger hardware wallet has different product types, catering to a variety of crypto traders as per their requirements. The pricing of each of the products differs from one another. The only similarity among them is the common use of the Ledger Live Wallet application. Here is the price chart of different Ledger Devices:
- Ledger Nano S Plus
It is a pivotal crypto hardware wallet in the industry, a reliable safe storage for traders and investors. Its purchase price begins at $79.
- Ledger Nano X
This is the latest offered wallet product offered by the ledger with its advanced features. With its robust security mechanism, the device also has a wireless connectivity system. Thus, the price tag of $149 is quite justifiable.
Key Takeaways!
This is the end of getting started with the Ledger Live wallet. To summarize the above content, we covered various aspects such as an overview of the ledger live app, and its security mechanism. Not only this, we also discussed the prices of Ledger hardware wallet devices and the download guide of this application. We hope that this was enough to cover all the essentials you require to start with the Ledger wallet.
FAQs
What is Ledger Live Wallet?
It is a software wallet application of the ledger hardware device made to manage and oversee your crypto assets. Its work is to maintain account security.
Is Ledger Live a good wallet?
In the market, this wallet is considered one of the best and the safest hardware wallet out there. As per the current reviews, the Ledger wallet is the first choice of the traders as of now.
Do I lose my coins if I lose my ledger?
No such thing happens even in the situation of the Ledger wallet device being lost, as you can recover your funds with the help of a secret recovery phrase.
Does Ledger Live charge a fee?
No, it is not in the policy of Ledger to charge transaction fees from the users. You can execute the transactions freely.