Ledger Academy: Why Choose Ledger Hardware Wallets (2024)

By Kirsty Moreland

Ledger Academy: Why Choose Ledger Hardware Wallets (1)

Dec 11, 2019 | Updated Jul 11, 2023

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Beginner

Ledger Academy: Why Choose Ledger Hardware Wallets (2)
KEY TAKEAWAYS:
— A Ledger hardware wallet, combined with the Ledger Live app, is the best solution to secure, store and manage your crypto assets.

— Ledger hardware wallets have industry-leading security to keep your crypto and NFTs secure at all times.

— The Ledger Live app is a one-stop-shop for your crypto and NFTs. Buy, sell, exchange and grow your assets with our partners – easily and securely.

— With Ledger you can secure, store and manage over 5500+ crypto assets, including NFTs.

— Ledger makes the most popular hardware wallets in the world: more than 5 million+ sales.

— Why choose Ledger? Because we offer the best product for keeping your crypto and NFTs safe.

Self-custody is a daunting thought: it demands a careful union between ease of use and absolute security. Why choose Ledger? Because we have what you need! Read on for financial freedom.

When it comes to hardware wallets, it can be hard to decide on the right option. But we’re here to help. In this article, we outline the most important things to consider – and show why Ledger devices are the best solution.

Own Your Private Keys Securely

When you own crypto, what you really own is a private key that gives you access to your coins. You should be the only one in control of this key – and you need to keep it secure.

A Ledger hardware wallet, combined with the Ledger Live app, is the best way to secure your crypto and NFTs. Your hardware wallet keeps your private key protected at all times in a certified secure chip. Nobody can access it except you.Any transaction must be verified on the device’s trusted display and physically confirmed by you.

Your wallet also gives you the freedom to manage your crypto on your own. With the Ledger Live app, you can buy, exchange and grow your crypto securely – in one app.

The brilliant association of those two elements brings you the satisfaction of real ownership – in simple words, the Ledger ecosystem enables you to be the only one in charge of your money.

Ledger Live App: One-Stop-Shop for Crypto

Ledger hardware wallets come with the Ledger Live app. You can manage 5500+ coins and tokens with the app, directly from your smartphone or desktop. Giving you access to multiple different crypto services.

Stake Directly Through the Ledger Validator Node

Staking is one of the most rewarding options in the DeFi space – and did you know, you are now able to stake directly from your wallet, through Ledger’s own validator node? So you can enter the rewarding world of staking securely, via a platform you already know and trust. Find out how to access staking through Ledger validator node for yourself, right here.

Buy and Sell Crypto

USDT and Stellar directly through Ledger Live from our partners. Ledger Live also lets you sell bitcoin for fiat currencies when you need it.

Exchange One Crypto for Another

Exchange one crypto for another to potentially gain value or try out a new crypto asset. Exchanging crypto is a fast, easy way to diversify your assets, directly through Ledger Live with our partners.

Grow Your Assets

Grow your assets the easy way by securely staking crypto like Algorand, Cosmos, Tezos, Tron or Polkadot and more. You can also lend digital assets to generate interest.

Stay in Control

With a simple, clear interface, Ledger Live lets you check your current balance and manage all your transactions. So you’re in total control at all times.

Get Total Control With Your Ledger Hardware Wallet

Manage All Your Actions

You can see everything you do on Ledger Live app on your Ledger wallet’s screen. Control what’s happening at any moment and securely verify all transactions with two buttons – giving you total security and peace of mind.

Manage 5500+ Coins and Tokens

With the Ledger Live app, you can securely manage over 5,500 coins and tokens. Including Bitcoin, Ethereum, XRP and more.

You can find all our supported crypto assets on this page.

Ledger Academy: Why Choose Ledger Hardware Wallets (3)

Use 50+ Compatible Wallets

For assets not supported on Ledger Live app, you can simply use a compatible external wallet to manage your crypto. Find the list here.

Access the Infinite Possibilities of DeFi

Decentralized finance is the new generation of banking that removes the greedy middleman – and barriers to entry – for people like you and me. These financial applications are built usingblockchain technology and require you to trade in crypto to get involved.

By securing your private keys on Ledger hardware wallets, you can interact directly with many of those DeFi services directly from the Ledger Live app, meaning you’ll enjoy the highest level of security -as well as clear signing for key transactions – as you explore the range of new options in this booming system.

Industry-Leading Security

The Only Certified Hardware Wallet on the Market

Ledger wallets are the first and only hardware wallets on the market certified for their security by ANSSI, the French cybersecurity agency.

Contains a Secure Element (SE) – the Most Secure Chip

Ledger hardware wallets integrate a certified chip, designed to withstand sophisticated attacks. They can securely host cryptographic data like private keys.

Custom Operating System for More Protection

Ledger wallets are the only hardware wallet to have their own custom OS (BOLOS) to protect against malicious attacks and isolate apps from each other.

Genuine Check to Assure Device Integrity at All Times

We designed a genuine check authentication process to ensure that your Ledger device hasn’t been tampered with or compromised by a third party.

Join the Community

Trusted by 5 million+ Users

Millions of people around the world trust Ledger with their crypto, both beginners and experts.

Support

Get support in multiple languages from our team of crypto experts. We’re always here to help.

You can also read our guide to what a hardware wallet is and the benefits of owning one.

Knowledge is Power.

To understand why you should secure your crypto, you have to understand what exactly crypto is and why your should own your private keys.
Listen to our Chief Experience Officer Ian Rogers and learn more on why you need a Ledger.

As a seasoned enthusiast in the realm of cryptocurrency and blockchain technology, I find myself compelled to delve into the nuances of the article dated December 11, 2019, and updated on July 11, 2023, authored by Kirsty Moreland. The piece unequivocally advocates for the adoption of Ledger hardware wallets, coupled with the Ledger Live app, as the preeminent solution for securing, storing, and managing crypto assets. Allow me to elucidate on the key concepts embedded in this informative discourse, providing insights into the unparalleled features that distinguish Ledger in the crypto security landscape.

1. Ledger Hardware Wallets: Industry-Leading Security

The crux of the article revolves around the significance of owning private keys securely, and Ledger hardware wallets excel in this domain. Boasting industry-leading security features, Ledger devices utilize a certified secure chip to protect private keys at all times. Notably, the hardware ensures that only the owner has access to the private key, and any transaction necessitates verification on the device's trusted display, confirmed physically by the owner. With over 5 million sales, Ledger is touted as the maker of the most popular hardware wallets globally, a testament to its efficacy.

2. Ledger Live App: Comprehensive Crypto Management

The Ledger Live app emerges as a pivotal component in the Ledger ecosystem, functioning as a one-stop-shop for crypto and NFT management. With support for over 5500+ crypto assets, the app enables users to buy, sell, exchange, stake, and grow their assets securely. It provides a seamless interface for managing transactions, ensuring that users have total control over their crypto activities. Additionally, Ledger Live supports staking through Ledger's own validator node, introducing users to the rewarding world of DeFi securely.

3. DeFi Integration and Decentralized Finance (DeFi)

The article underscores Ledger's integration with decentralized finance (DeFi), positioning itself as a gateway to the new generation of banking. By securing private keys on Ledger hardware wallets, users can directly interact with various DeFi services from the Ledger Live app, enjoying a heightened level of security in exploring the myriad options within the burgeoning DeFi system.

4. Industry-Leading Security Features of Ledger Hardware Wallets

Ledger hardware wallets distinguish themselves with industry-leading security features. They are the first and only hardware wallets certified for security by ANSSI, the French cybersecurity agency. The devices incorporate a secure element (SE), housing the most secure chip designed to withstand sophisticated attacks. Additionally, Ledger wallets feature a custom operating system (BOLOS) to protect against malicious attacks and isolate apps from each other. A genuine check authentication process ensures the integrity of the Ledger device, providing users with confidence that it hasn't been tampered with or compromised.

5. Community Trust and Support

Ledger's credibility is reinforced by its widespread adoption, trusted by over 5 million users globally. The community aspect is accentuated, with support offered in multiple languages by a team of crypto experts, underscoring Ledger's commitment to user assistance and satisfaction.

In conclusion, the article compellingly advocates for Ledger as the epitome of security and functionality in the realm of cryptocurrency storage and management. The Ledger ecosystem, combining hardware wallets and the Ledger Live app, stands as a formidable solution for both beginners and experts seeking the ideal fusion of ease of use and absolute security in self-custody.

Ledger Academy: Why Choose Ledger Hardware Wallets (2024)

FAQs

Why use Ledger hardware wallet? ›

Hardware wallets store your private keys offline, giving you full control and enhanced security. Even if you misplace or lose your hardware wallet, you can get a new one and use your Secret Recovery Phrase to access your assets.

Do you need a hardware wallet to use Ledger Live? ›

All that's required is your Ledger device and of course, you. How does the Ledger Live wallet app work? Ledger Live is designed as the trusted companion for your Ledger crypto wallet device. It serves as a user-friendly interface where you can seamlessly manage all your crypto assets and currencies in one secure place.

What are the downsides of Ledger wallet? ›

Not Fully Open Source — The majority of the ledger hardware wallet is open source but the device firmware remains closed source which is a big drawback for this wallet.

Why is hardware wallet better than software wallet? ›

The major advantage of hardware wallets is that they do not stay connected to the internet 24/7 and are at the least risk of getting hacked. These wallets are immune to computer viruses that can steal from software wallets.

Should I still use Ledger wallet? ›

Ledger crypto wallet is safe to use, as it does not expose your private keys or seed phrases to the internet, even when using Bluetooth.

Why do I need a hardware wallet? ›

Hardware wallets keep the user's private keys (needed for accessing their coins) safe for later access to the blockchain. Most hardware wallets can even work with multiple blockchains simultaneously.

Can Ledger access your private keys? ›

The private key can only be decrypted and reconstituted on a Ledger's secure element chip, just as it is initially encrypted and fragmented there. Ledger cannot and does not access users' private keys.”

What happens if you lose Ledger hardware wallet? ›

Losing your Ledger doesn't mean you lost your coins and tokens. As long as you have access to your 24-word recovery phrase, you can buy a new device and quickly restore access to your Bitcoin, Ethereum, or any other crypto asset.

Which wallet to use with Ledger? ›

Connect your Ledger hardware wallet to a compatible third-party wallet to securely manage your crypto. Ledger hardware wallets are compatible with MetaMask, Phantom, Rabby Wallet, Electrum and more*.

Is Ledger in danger? ›

Ledger detected an exploit using Ledger Connect Kit on Thursday the 14th of December 2023. This exploit injected malicious code inside DApps that were using Ledger Connect Kit, tricking EVM DApp users into signing transactions that drain their wallets.

Has a Ledger wallet ever been hacked? ›

That's when an attacker injected malicious “drainer” code into Ledger's Connect Kit, a widely used software component maintained by the hardware wallet maker. For a few hours before it was patched, the malicious code snatched digital assets right out of wallets connected to services through Connect Kit.

What are the disadvantages of Ledger? ›

If an error occurs in the transaction data, the entire results will have an error and will thus become undependable. The ledger will take a lot of users' time and energy. It is also difficult as we have to keep a check if our records are safe or not, also.

What are the disadvantages of hardware wallets? ›

Disadvantages of HardsafeWallets: Convenience: Hardware wallets are less convenient for quick transactions. You need to connect the wallet to a computer or mobile device whenever you want to send or receive funds. This extra step can be cumbersome for frequent users.

Which is the safest hardware wallet? ›

Trezor Model T

Like all hardware wallets, it stores private keys offline—the key feature of a cold wallet that is essential to keep your crypto safe.

Are hardware wallets 100% safe? ›

Hardware wallets also referred to as cold wallets, are dedicated physical devices designed specifically to store cryptocurrency keys offline. By keeping private keys isolated from internet-connected devices, hardware wallets offer unmatched security against online threats such as hacking and phishing.

What is the point of having a Ledger? ›

Ledger believes in secure self-custody, and with a Ledger device, you can take ownership of your private keys with confidence. Ledger products have different features for different purposes, but the ethos behind all of them is the same: security & ease of use.

Do people still use ledgers? ›

Of course, it's still possible to do your bookkeeping with a paper ledger. But since bookkeeping by hand takes 1,000 times longer, most business owners and bookkeepers use accounting software to build their general ledgers.

What is the purpose of the Ledger card? ›

The Ledger Card is where the history of charges, credits, payments with the balance for each family and/or agency is recorded. Often you'll use special tools like Automated Billing, the Late Payment Calculator or Quick Ledger Posting to record information on many ledger cards at once.

What is the purpose of the store Ledger card? ›

The materials ledger card is also known as the store ledger card. It provides a continuous record of materials received and issued, as well as the balance of materials, at any time, both in terms of quantity and value.

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