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.