– You’ve been waiting for it, and it’s finally here! Cardano just landed in your Ledger Live app. You can now easily and securely manage your ADA coins in Ledger Live and buy ADA in the “Buy” tab of your Ledger Live* desktop version. Mobile support is coming soon.
– With ADA’s much awaited integration, the top 10 ranked coins in terms of market cap are now all supported in your Ledger Live app.
– Cardano is a highly popular public proof-of-stake blockchain created in 2015 by Charles Hoskinson. At the time of writing, Cardano is the 7th largest one in the entire crypto market. Its project is to “redistribute power from unaccountable structures to the margins to individuals.”
– Ledger Live enables you to manage your digital assets from within the security of your Nano Hardware Wallet, which means you can manage your ADA coins through Ledger Live and secure them within your Ledger Nano X or Nano S Plus. Your digital assets are hack-proof, your Web3 experience seamless.
Cardano: a third-generation blockchain now in Ledger Live
Cardano was created in 2015 by Charles Hoskinson, one of the Ethereum co-founders who left the project in 2014. This protocol is a proof-of-stake public blockchain and one of the world’s biggest cryptocurrencies by market cap.
The platform says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change. It aims to “redistribute power from unaccountable structures to the margins to individuals.” This platform is often dubbed as an “Ethereum-killer” as it tries to improve this protocol by solving the scalability problems encountered by the network.
The ADA coin is the coin that powers the Cardano network. It was launched with an ICO (Initial Coin Offering) that generated more than $62 million. People use ADA coins to pay transaction fees. ADA holders are also entitled to have a say on project developments, to vote, debate, support and engage in the decision-making process.
A distinguishing feature of Cardano is its deep attachment to “technology realized through evidence-based science.” The project wants its key strategic steps and concepts to be validated by researchers, developers and scientists to ensure the project’s robustness. Cardano also boasts a vibrant community. The “ADA army” never stops promoting the alleged benefits of the protocol to the world.
The process is (very) easy. You can buy, send and receive your ADA coins directly with your Ledger Live app simply by creating an ADA account. There’s no need for an additional wallet. It’s fast, seamless and secure.
You can now also buy ADA coins with our partner MoonPay through Ledger Live, using different payment methods such as your credit card or a wire transfer. All you need is to:
Create your ADA account on the app.
Go to the “Buy” tab in Ledger Live and choose our partner MoonPay.
Choose the amount you want to purchase and the payment method you want to use.
And that’s it!
For more information on how to manage your ADA coins, visit our Customer Support page.
Developers can get in on the action, too
Ledger is open to external contributions from foundations and developers, and everyone is welcome to build on Ledger Live.
Check out our Developer Portal, an enriched content to guide developers and blockchain teams. It contains step-by-step instructions, including development code, tools and sample code, making your coding projects for Ledger Live much easier.
Live the full Web3 experience with Ledger
Your Web3 adventure is just beginning with us. We will keep adding coins, NFTs, DApps and services into your Ledger Live app while ensuring that your experience is the world’s most secure and seamless.
*Disclaimer: Buy, swap, lend, and other crypto transaction services are provided by third-party partners. Ledger provides no advice or recommendations on use of these third-party services.
Through the Yoroi wallet or AdaLite, and by pairing it with your Ledger hardware wallet, you can easily and securely delegate the Cardano you want to stake. You'll get competitive rewards, and a trustworthy validator, and you keep ownership of your coins.
Buy a Ledger hardware wallet to securely store your Cardano
Our Bluetooth® hardware wallet lets you manage and protect all your crypto on the go, including Cardano. The world's most popular hardware wallet to keep your favorite crypto safe, including Cardano.
This means the minimum amount of ADA you can send is 1 ADA (plus the transaction fee). The Cardano network put this minimum in place to reduce the amount of dust on the network and to mitigate the issue of too many small inputs. At the moment, it is not possible to send less than 1 ADA in any transaction.
The current estimated reward rate of Cardano is 1.90%. This means that, on average, stakers of Cardano are earning about 1.90% if they hold an asset for 365 days. The reward rate has not changed over the last 24 hours. 30 days ago, the reward rate for Cardano was 1.89%.
The best place to store Cardano is in a secure and reputable cryptocurrency wallet. For a balance of security and user-friendliness, consider Yoroi or Daedalus wallets.
Staking involves locking away coins in a node to validate transactions and contribute to the network's security and stability. By staking ADA, you can earn staking rewards without moving or losing your coins.
The investment potential of Cardano depends on several factors, such as individual risk tolerance, investment objectives, and market conditions. Many experts believe Cardano is an undervalued investment with significant growth potential due to its wide range of applications in the coming years.
Yes.Cardano staking rewards are generally treated as income and subject to Income Tax upon receipt, based on the fair market value in your fiat currency. As well as this, if you later dispose of your ADA staking rewards by selling, swapping, or spending them, any profit may be subject to Capital Gains Tax.
Rewards are always accumulated to your delegated ADA. You do not have to withdraw them for that. The only reason to withdraw rewards is if you want to spend them.
With Ledger Live coupled with a Ledger, you can: Securely execute transactions by physically validating them with your Ledger Hardware Wallet. Manage your Cardano as well as thousands of other crypto assets.
Ledger is one of the world's most popular hardware wallets. Ledger supports cryptocurrencies like BTC, ETH, and ADA — making it one of the best options for investors looking for multi-chain support and highly-secure storage.
— You can delegate ADA tokens to a staking pool via wallets such as Ledger. Known for its strong community, Cardano is a proof-of-stake blockchain with a notable DeFi and NFT ecosystem.
Introduction: My name is Tyson Zemlak, I am a excited, light, sparkling, super, open, fair, magnificent person who loves writing and wants to share my knowledge and understanding with you.
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