Cryptoassets have taken over the crypto world, people now spend their savings on purchasing the crypto coins. But the industry is also risky for newcomers, one has to be cautious for their funds as the online scams are increasing day by day. Most of the scams occurin software wallets making people more vary of it. However, this does not mean that you should give up on the crypto industry. All you have to do is select an appropriate wallet for yourself. As a fresher, we do understand that you need guidance to accomplish this tiring yet important task. Thus, in this article, we will make you familiar with an exceptional hardware wallet called Ledger Wallet. This wallet also comes with a software application for the users that you can get from the Ledger.com/start link. So, let’s not wait around more and begin with the guide to this safest hardware wallet.
This wallet is leading the world of crypto wallets in the market. As of now, there are three Ledger wallets namely Ledger Nano S Plus, Nano X, and the last interactive Stax. All these wallets have some similar as well as different features. In comparison, the Nano X Plus is heavier than the Nano S device. And the Stax wallet is designed to be portable easily and has the option to be personalized with your picture. In this article, we will explain to you all the things that are there to learn about the Ledger.com/start wallet.
Let us take a deeper look at the features of Ledger Live for a better understanding:
Just by tapping on the + icon from the screen of your dashboard, you can create as many accounts as you want. You can even create a separate account for holding different types of crypto assets. Also, a different name can be given to each type of account. If you are unable to find the link to this application, then tap on Ledger.com/Start
If you have created your Ledger wallet account by using some third-party application, then you can also import your wallet on this application.
To ensure that you are not transferring the money to the wrong account Ledger Live provides the transaction confirmations and has on-screen guidance that will increase the accuracy of this critical procedure.
The users who like to check their balance frequently throughout the day, this feature is perfect for them. This is so because this application allows users to view the balance of their portfolio based on the current market rate. Even the details of your combined Ledger holdings can be viewed on it.
One simply cannot use the services of a hardware wallet device without the installation of this application. This app will also help you in checking the progress made by your investments in the crypto industry. So, not delaying it any further we will begin the installation guide, you can perform these steps either on your mobile phone or on the laptop device, whichever you prefer. Here are the steps of the installation.
You can look at the download progress of the ledger live in the toolbar of your browser. Just tap on the arrow button to see the downloading progress. However, we must warn you to always use the official links for any kind of transaction and the downloading process execution.
The paid service is taken up by the trader to help him in a situation when where he has the seed phrase of his account. It will help to recover the lost seed phrase. Because if you have lost your seed phrase then it means that you cannot get back access to your account without it. Although to avail of the services of the Ledger Recover you will have to pay for a monthly subscription of $9. Given below are the points that will tell you how to work on the Ledger recovery feature.
We understand that you might feel more attracted to the software wallets that can be used for free. But these wallets cannot provide you with the good security level they claim to be. Whereas cold wallets have no risk, the only way for you to lose your account is if you either lost the device or secret recovery phrase. But even in that case, your funds would not be harmed because you can recover your account with the help of your seed phrase if you had opted for the facility of Ledger Recover.
Although for some users the price of purchasing the wallet might seem a little costly it is worth it. And if you have already purchased the Ledger wallet then connect with the Ledger Live services by using the link Ledger.Com/Start.