Ledger Wallet Is A Hardware Wallet For Storing And Managing The Private Keys Of Cryptocurrencies, Keeping Them Offline For Enhanced Security. It Was Developed By Ledger Corporation And Aims To Provide Users With A Non-custodial Solution Where They Have Full Control Over Their Digital Assets. Ledger Wallet Supports DeFi, NFT And Web3 Applications And Is Ideal For Protecting Assets Such As Bitcoin, Ethereum, XRP, Monero, And More. According To Official Information, Ledger Wallet Provides Industry-leading Security Through Secure Element Chips And Proprietary Operating Systems And Has Millions Of Users As Of April 2025.
Main Features
Ledger Wallet Provides A Range Of Features To Meet The Needs Of Different Users, Including:
- Asset Management: Supports The Storage And Management Of Thousands Of Cryptocurrencies And Tokens Such As Bitcoin (BTC), Ethereum (ETH), USDT, Solana (SOL), Etc. Users Can View Balances, Send And Receive Assets Through The Ledger Live App. The List Of Supported Assets Can Be Referred To The Cryptoassets Supported By Ledger.
- Ledger Live App: This Is A Significant Other Application Of Ledger Wallet That Allows Users To Manage Assets On Mobile And Desktop Devices. Features Include Buying, Selling, Exchanging And Pledging Cryptocurrencies Such As ETH, SOL, ATOM, ADA And More. More Details Can Be Found In Ledger Live.
- Physical Security: All Transactions Need To Be Confirmed Manually On The Hardware Device, Ensuring That Only The User Can Authorize The Movement Of Funds. The Device Uses A Secure Element Chip And Is Common Criteria Certified To Provide The Highest Level Of Security Protection.
- Ease Of Use: The Ledger Wallet Is Intuitively Designed, Equipped With A Touchscreen (e.g. Ledger Stax) And USB-C Connectivity, To Support Seamless Interaction With Android Smartphones And Desktop Devices.
- Security Measures: Ledger Emphasizes Never Sharing The 24-word Recovery Phrase, And Provides A Ledger Recover Service, Provided By Coincover, Which Can Restore Access If The Wallet Is Lost Or Damaged. More Information Can Be Found On The Ledger Security Page.
Working Principle
Ledger Wallet Acts As A Cold Wallet, Storing The Private Key In An Offline Device To Prevent Online Attacks. Its Core Working Principles Include:
- Key Management: Generate Public And Private Keys. The Public Key Is Used To Receive Cryptocurrencies, And The Private Key Is Used To Sign Transactions And Access Funds. More Details Can Be Found In Ledger Key Management.
- Transaction Signing: Users Initiate Transactions Through Ledger Live Or Other Compatible Wallets. It Needs To Be Confirmed And Signed On The Hardware Device To Ensure Security.
- Offline Storage: Private Keys Are Stored Inside The Device, Independent Of Third Parties, And Resistant To Cyber Threats. More Information On Cold Wallets Can Be Found In The Ledger Cold Wallet.
- Interacting With DApps: Through Ledger Live, Users Can Connect To Decentralized Applications (dApps) And Participate In DeFi And NFT Activities.
Security
Security Is One Of The Core Selling Points Of Ledger Wallet. Here Are The Details Related To Its Security:
- Secure Element Chip: Uses Industry-leading Chips That Comply With Common Criteria EAL5 + Certification To Provide Hardware-level Security.
- Offline Storage: Private Keys Are Stored Inside The Device To Protect Against Online Hacking.
- Recovery Phrase: Users Need To Back Up The 24-word Recovery Phrase To Restore The Wallet. Ledger Warns Users Never To Share This Phrase To Prevent Phishing Attacks.
- Ledger Recover: A Service Provided By Coincover That Allows Users To Restore Access In Case Of Lost Or Damaged Devices. For More Information, Please Refer To Ledger Recover.
- Integration: Integrates With More Than 50 Software Wallets, Ensuring A Wide Range Of Compatibility.
Supported Assets
Ledger Wallet Supports The Following Types Of Assets:
- Major Cryptocurrencies: Such As Bitcoin (BTC), Ethereum (ETH), XRP, Monero, Etc.
- ERC-20 Tokens: Most Of The Token Standards On Ethereum, Including Stablecoins Such As USDC And DAI.
- Other Chain Tokens: Such As Solana (SOL), Cosmos (ATOM), Cardano (ADA), Etc. For A Specific List Of Supported Cryptoassets, Please Refer To Ledger.
Product Family
Ledger Offers A Variety Of Hardware Wallet Models, Each For Different User Requests:
- Ledger Nano S Plus: Entry-level Hardware Wallet, Supports USB-C Connection, Suitable For Beginners. For More Details, Please Refer To Ledger Nano S Plus.
- Ledger Nano X: Supports Bluetooth Connection, Suitable For Mobile Use, Suitable For Intermediate And Advanced Users. For More Details, Please Refer To Ledger Nano X.
- Ledger Stax: The Latest High-end Model, Equipped With E Ink Display, Is Designed More Intuitively And Suitable For High-end Users. Shipping Will Start In May 2024. For More Details, Please Refer To The Ledger Stax Announcement.
History And Development
Creation Background: Ledger Was Founded In 2014 By Éric Larchevêque And Thomas France, Initially In France, Focusing On Hardware Wallet Design. According To Wikipedia - Ledger (company), Ledger Aims To Provide Security Solutions For Blockchain Applications.
Development Milestones:
- 2014: First Hardware Wallet Launch.
- 2017: Construction Of A Factory In Vierzon, France, Expanding Production.
- 2022: Launch Of Ledger Stax, Designed By IPod Inventor Tony Fadell.
- May 2024: Start Shipping Ledger Stax, Targeting The High-end Market.
User Growth: As Of April 2025, Ledger Has More Than 7 Million Users, Demonstrating Its Leading Position In The Hardware Wallet Market.
Community And Support
Ledger Provides A Variety Of Support Resources To Help Users Solve Problems:
- Official Documentation: Exhaustive User Guides And Developer Resources Can Be Referred To The Ledger Support Center.
- Social Media: Post Updates And Interactions Through X, And The Official X Account Is Ledger X.
- Learning Resources: Ledger Provides Educational Content To Help Users Understand Cryptocurrency And Wallet Usage. Refer To Ledger Academy.
Privacy Considerations
Ledger Emphasizes User Privacy. The Private Key Is Stored On The Device And Is Not Shared With Third Parties. However, Ledger Live May Integrate With Third-party Services, Such As Purchasing Or Exchanging Services. Users Need To Pay Attention To The Data Privacy Policy.
Summary
Ledger Wallet Is A Fully Featured, Secure And Reliable Hardware Wallet Designed For Cryptocurrency Users. It Ensures The Security Of User Assets Through Offline Storage, Private Key Control, And Physical Confirmation, While Providing A Convenient Management Experience Through Ledger Live. Whether Beginners Or Advanced Users, Ledger Provides Secure Access To The DeFi And NFT Space.
