The only people you can trust for storing your crypto assets is yourself. The main principle behind hardware wallets is to provide full isolation between the private keys and your easy-to-hack computer or smartphone. Connect your device to Ledger Live and unlock it. On Tuesday (June 28), French cryptocurrency hardware wallet manufacturer Ledger has finally added support for Cardano (ADA) to the mobile (Android) version of Ledger Live, the application for managing cryptoassets on Ledger devices. Add Cardano (ADA) account to Ledger Live In the left sidebar menu, go to Accounts. »īeing a crypto investor requires taking security seriously and owning your private keys gives you much more power and control. Cardano is installed on your Ledger device. « If you are keeping your crypto assets on an exchange, you are entrusting a third party with these private keys and mandating them to serve as a safeguard. The Ledger Live Cardano integration was initiated and governed by the Cardano Ambassadors - Markus, Martin, Felix & Gean. ![]() Holding the private keys gives you access to your crypto, like holding a pin code to your debit card in short it gives you access to your funds. Through the Yoroi wallet or AdaLite, and by pairing it with your. ![]() Alex Dovbnya Hardware wallet maker Ledger has expanded. Staking your Cardano allows you to passively earn rewards for helping to secure the network. When you own cryptocurrencies, what you really own is a private key, a critical piece of information used to authorize outgoing transactions on the blockchain network. The post 100 More Cardano Tokens Now Supported by Ledger Live appeared on. Perhaps you just get into cryptocurrency by purchasing coins on an exchange platform but didn’t even realize that they hold the private keys to your cryptocurrency. ![]() If you are fairly new to cryptocurrencies you might still be struggling with the concept of private key and why it’s so important. A Cardano wallet helps you protect your private key, not storing your Cardano.
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