Introduction to Ledger Wallet

Cryptocurrencies have transformed how people store and manage value. With this transformation comes a greater responsibility for users to secure their digital assets. One of the most trusted and widely used hardware wallets in the market today is the Ledger Wallet.

Ledger is a hardware wallet developed by Ledger SAS, a French company founded in 2014. Ledger devices are designed to secure cryptocurrency holdings by storing users’ private keys offline, away from potential online threats.

Ledger offers two primary wallet models:

  • Ledger Nano S Plus
  • Ledger Nano X

Both devices function similarly but offer different features suited to different user needs.


Why Use a Ledger Wallet?

Security

Ledger wallets are hardware wallets, meaning they store private keys offline. This drastically reduces the risk of your crypto being hacked through malware, phishing, or remote attacks.

Support for Multiple Assets

Ledger wallets support 5,500+ cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), USDT, XRP, BNB, Solana, Cardano, and a wide range of ERC-20 and BEP-20 tokens.

Ese of Use

With the Ledger Live companion app, users can easily manage their portfolio, send and receive crypto, stake assets, and even buy or swap coins directly from the app.


Ledger Wallet Models

Ledger Nano S Plus

  • More affordable option
  • Supports 100+ apps installed simultaneously
  • USB-C connection
  • 128x64 pixel screen
  • Great for beginners

Ledger Nano X

  • Bluetooth-enabled for mobile access
  • Supports 100+ apps
  • Rechargeable battery
  • Suitable for advanced users
  • Secure chip (CC EAL5+ certification)

Both wallets use a secure element chip, which is similar to those used in passports and credit cards.

How Ledger Wallet Works

Private Keys Offline

Ledger wallets generate and store your private keys offline inside the secure hardware device. Even if your connected computer or phone is compromised, your crypto remains safe.

Secure Transactions

When you initiate a transaction via Ledger Live, the transaction details are sent to the device, which requires you to physically approve the transaction by pressing buttons.

Recovery Phrase

Upon first setup, Ledger devices generate a 24-word recovery phrase. This phrase is the only way to recover your wallet if the device is lost or damaged. It must be stored securely and never shared.