Ledger Live Wallet- Hardware Wallet & Crypto Wallet(Official)

Ledger Live Wallet(Official): Getting started - Ledger Live Wallet is a secure and convenient app that lets you store, manage, and monitor your digital assets.

Hardware wallet users always have the best funds security and the best trading features that one could ever get from any of the software wallets. All the hardware wallets are known for their security and the features offered. There are only two popular and widely used wallets and that are Ledger and Trezor. Even though Trezor Wallet was the first ever launched hardware wallet, but still the Ledger Wallet still proved itself by providing such good facilities.

If this is your first-ever hardware wallet, then read this write-up to know how to do so. Operating on software wallets is completely different from the hardware wallets. So, even if you are a professional trader and have years of experience in trading, but have recently decided to switch from software wallets to hardware wallets. Then you are on the right page. There are many users out there who are looking for a method to start using this wallet. So, let us not waste any more time and learn the Ledger Wallet setup through the Ledger Live application.

Is Ledger Live A Wallet?

Ledger Live is not a wallet, rather it is an application that will allow the users to manage their crypto assets stored in their wallet device. This application cannot act as a wallet, instead, it helps in wallet management. The purpose of using hardware wallets was to protect the funds from online security hacks. If the funds were stored in the Ledger Live App it would defeat the whole purpose of storing the fund offline. Hence, you can say that this application is not a hardware wallet.

Wallets Compatible With Ledger

Below is the list of those wallets that are compatible with the Ledger hardware wallet:

• MyEtherWallet

• MetaMask

• MyCrypto

• Guarda Wallet

• MyEOSWallet

• Stellar Account Viewer

• Paradex

• Troscan

• Firefly Wallet

• ARK

• Monero GUI

There are many other wallets as well that are compatible with the Ledger Wallet, to know the complete list of the wallets just visit the Ledger official website.

Supported Coins

In this section of the guide, we will provide you with the names of those currencies that a trader and investor can use to make a trade. More than 5,000 crypto assets are listed on the platform so, it would not be easy to name them all but here are a few:

• USD Tether

• Polkadot (DOT)

• Binance Coin

• Tezos (XTZ)

• SHIBA INU (ER20)

• Cardano (ADA)