Ledger hardware wallets provide a secure way to store, manage, and grow your cryptocurrency holdings. With Ledger Live and compatibility with numerous third-party wallets, users can handle thousands of digital assets with confidence. This guide covers supported coins, key features, and how to make the most of your Ledger device.
Understanding Ledger Wallet Support
Ledger devices support a vast array of cryptocurrencies, from major coins like Bitcoin and Ethereum to emerging altcoins and tokens. Support comes in two primary forms: direct management via the Ledger Live application and indirect management through integrated third-party wallets.
Using Ledger Live, you can securely send, receive, buy, swap, and stake a wide selection of assets. The application connects you to trusted on-ramp providers, allowing purchases via bank transfer or credit card. It also offers a streamlined interface for tracking your portfolio and earnings.
For tokens not directly supported in Ledger Live, you can often manage them by connecting your Ledger hardware to a compatible external wallet, such as MetaMask or Phantom. This flexibility ensures that even newer or niche assets can be stored securely with your Ledger keys.
Featured Supported Crypto Assets
The following digital assets are among those supported by Ledger hardware and software. This list is continually updated as new coins and tokens are integrated.
- Polylastic (POLX): An index protocol designed to track the performance of cryptocurrency sectors.
- IronBank (IB): A decentralized lending protocol that provides cross-chain liquidity.
- Sypher (SYPHER): A token powering a next-generation blockchain gaming ecosystem.
- Tokito (TOKITO): A community-driven token with a focus on decentralized governance.
- Astra DAO (ASTRADAO): An automated asset management strategy platform operating on Ethereum.
- Aree Shards (AES): Digital assets representing fractional ownership in various blockchain-based projects.
- erowan (EROWAN): The native utility token for the SushiSwap ecosystem.
- Wrapped-BRGE (WBRGE): A wrapped version of a native asset, enabling interoperability across different blockchains.
- Riddle by Virtuals (RIDDLE): A token associated with digital collectibles and virtual experiences.
- Phavercoin (SOCIAL): A social token incentivizing participation in decentralized social media platforms.
This is just a sample of the extensive list of supported assets. The ability to manage such a diverse portfolio from a single, secure device is a primary advantage of the Ledger ecosystem.
Managing Assets with Ledger Live
Ledger Live serves as the central hub for your cryptocurrency activities. Its intuitive design brings together the essential functions of asset management.
Sending and Receiving Crypto
The process of sending and receiving digital currency is straightforward. Your Ledger device generates unique receiving addresses for each supported cryptocurrency. To receive funds, simply provide your public address to the sender. To send funds, verify the transaction details on your Ledger's secure screen before approving. This extra step ensures that malicious software on your computer cannot alter the destination address.
Buying Cryptocurrency Directly
Ledger Live integrates with several regulated on-ramp providers, including MoonPay and Coinbase Pay. This allows you to purchase crypto directly using a debit card, credit card, or bank transfer. The purchased assets are sent straight to the secure addresses on your Ledger hardware wallet, giving you immediate custody.
Swapping Between Assets
The swap feature lets you exchange one cryptocurrency for another without leaving the Ledger Live environment. By aggregrates liquidity from multiple providers, Ledger Live finds competitive exchange rates for your trades. All swap transactions require manual verification on your hardware device, keeping your assets safe during the process.
Earning Rewards Through Staking
Many supported cryptocurrencies allow you to earn staking rewards directly within the Ledger Live app. The "Earn" section lets you delegate your assets to trusted validators, helping secure Proof-of-Stake networks while generating a passive income. Your rewards are automatically tracked and can be compounded to maximize returns. For a deeper look into advanced staking strategies and real-time yield opportunities, you can explore more strategies here.
Using Third-Party Wallets with Ledger
One of Ledger's greatest strengths is its extensive compatibility with popular software wallets. This is ideal for managing tokens that are not yet integrated into Ledger Live or for interacting with advanced Decentralized Applications (DApps).
To get started, connect your Ledger device to a computer or mobile device and open a compatible wallet like MetaMask, Phantom, or Electrum. The software wallet will interact with the blockchain, while your private keys remain securely stored on your Ledger device. This means you can trade, provide liquidity, and use DApps without ever exposing your sensitive information to an online environment.
It's important to note that while Ledger hardware is compatible with these wallets, the company does not guarantee their functionality. Always ensure you are downloading legitimate wallet software from official sources.
Frequently Asked Questions
What is the difference between Ledger Live and a third-party wallet?
Ledger Live is Ledger's official application, providing an all-in-one interface for managing supported assets, including buying, selling, swapping, and staking. A third-party wallet, when connected to your Ledger hardware, is used to manage other assets or interact with specific DApps that aren't fully integrated into Ledger Live. Your keys remain secure on the Ledger device in both cases.
How do I know if a specific coin is supported by my Ledger?
The most accurate way is to check the official Ledger website's supported assets page, which is updated regularly. You can also search for the coin within the Ledger Live application's account addition feature. If it appears, it is supported for management within Ledger Live.
Can I store any Ethereum token (ERC-20) on my Ledger?
Yes, you can store any ERC-20 token on your Ledger device by using it with a compatible Ethereum wallet like MetaMask. While Ledger Live may not display or support transactions for every single ERC-20 token, the device itself can secure the private keys that control them.
Is it safe to buy crypto through Ledger Live's partners?
Yes, Ledger partners with established and regulated service providers for buying and swapping crypto. The transactions are conducted by these partners, and your Ledger device ensures that any assets you purchase are sent directly to your secure custody. Always review the terms and availability for your country.
What happens if a coin I hold is no longer supported?
If support for a coin is discontinued in Ledger Live, your assets are not lost. They remain securely on the blockchain and accessible through your private keys, which are stored on your Ledger device. You would simply need to manage them using a compatible third-party wallet that supports that specific asset.
How do I keep my Ledger firmware and supported coin list updated?
Regularly connecting your Ledger device to Ledger Live will prompt you to install any available firmware updates, which often include support for new cryptocurrencies and security enhancements. Keeping your software up to date is crucial for accessing the latest features and maintaining optimal security. To ensure you're using the latest tools, view real-time tools and updates.
Choosing the Right Ledger Device
Selecting a Ledger hardware wallet depends on your specific needs. The Ledger Nano S Plus is an excellent entry-level option with support for over 1,000 cryptocurrencies. For users with more diverse portfolios, the Ledger Nano X offers Bluetooth connectivity for mobile use and supports over 5,000 assets. Both devices provide the same industry-leading security features, keeping your private keys isolated from internet-connected devices.
The key is to choose a device that aligns with your investment strategy and preferred method of interaction, whether that's primarily on a desktop with Ledger Live or on-the-go with a mobile phone. With your digital assets secured, you can engage with the crypto ecosystem with greater peace of mind.