Ledger ® Live ® App is a management interface that pairs with your Ledger device. It allows you to buy, sell, stake, swap, and access DeFi services and NFTs with full transparency and …
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It is important for all of us to understand the importance of providing a safety shield to our crypto assets. While hot wallets are quite a popular choice for all crypto enthusiasts, we must not ignore the downsides of a hot crypto wallet. Hence, we should try to use cold storage instead, and by cold storage, we mean a hardware wallet. And, whenever we think of a hardware wallet, we cannot skip mentioning about Ledger Wallet. Yes, a Ledger wallet is the industry's leading hardware wallet that lets you store your crypto assets in a convenient manner. On this wallet, you can easily secure crypto assets such as BTC, ETH, LTC, etc. and to start using this wallet, you will only need the Ledger Live app on your device.
Advantages of using a Ledger Wallet
If you want to know in what ways the Ledger Wallet is distinct from its contemporaries and what are the advantages that it comes along with, then you can take a look at the points below:
It certainly allows you to store your crypto assets as well as NFTs without sharing any of your information on any online servers
Within the wallet, there is a secure element in the form of a chip that keeps your private keys away from any interaction with the internet. This ultimately makes it inaccessible to cybercriminals or any kind of malware attack
The wallet comes with the Ledger Live app which ultimately makes your crypto storage journey a piece of cake
A Ledger Wallet can easily support more than 1700 crypto assets
Not just that, you can also stake your crypto assets for the purpose of earning some extra income
And most importantly, the wallet does not share any of your information with any of the online sources to ensure complete security
Guidelines to purchase an authentic Ledger Wallet device
Some of the easy instructions that you must follow if you wish to get a genuine wallet device are given below:
As the first step, you need to visit the URL https://www.ledger.com/ledger-live
On the top of the page, locate the "Products" option and open its drop-down
Following this, you must choose the preferred Ledger device from the list
Go through the specifications of that particular model and hit the "Add to Cart" option
Following this, you can select the "Checkout" option
Enter your shipping address, contact info, and other details Follow the instructions and make an online payment to complete the order
As we discussed already, Ledger Live is an integral part of the functioning of the Ledger Wallet, hence, you must connect the two platforms before performing any actions through your Ledger device:
Open the official website of the Ledger Wallet i.e. https://www.ledger.com/ledger-live
Following this, you can select the "Download" link
Further, choose the OS of your device to initiate the Ledger Live installation process
Now, open the Ledger Live app and choose "Get Started"
Further, choose the model of your Ledger device
Lastly, complete the setup process of the wallet and you're done
Now that you have successfully installed the Ledger Live app on your device, it is time that you take a few steps ahead and set up your wallet to start using the features and benefits of the wallet. Here is what you are supposed to do:
First things first, you need to open the Ledger Live app and choose "Get Started"
Then you must step ahead and choose your Ledger device model
Following this, choose the given option to initiate the new setup
Go through some educational content and select "OK! I'm ready"
After following a few instructions, press both the buttons at the same time s
Create a PIN, confirm it, and back your Secret Recovery Phrase Follow some more instructions and complete the entire setup process
Now that you are done setting up your Ledger wallet with Ledger Live, you can certainly make your first purchase. Here are the steps you must follow for the same:
Open the Ledger Live app and plug in your Ledger device to your computer
Unlock your device with the PIN and navigate to the "Buy/Sell" menu at the left on Ledger Live
Choose a payment service provider e.g. Coinify
Following this, use the drop-down icon to choose your preferred crypto asset
For example, if you have chosen BTC, open the BTC app on your Ledger device
Further, select the "Buy Now" and sign into your chosen payment service provider
Select the "Continue" option and make your final purchase by following some easy prompts
To sum up, we can say that it is not a rocket to get started with a Ledger wallet using the Ledger Live app. Through this descriptive read, we have tried our best to make you familiar with the advantages of using the Ledger hardware wallet to safeguard your valuable assets.
Remember, it is very important to ensure that all your crypto assets are safe and this is only possible if you do not share your wallet's PIN or its Secret Recovery Phrase with anyone. If you ever compromise these details, be ready to compromise with your crypto assets as well.
