Why Use Ledger Live For Payments and Transactions?

Ledger’s ecosystem was designed with the specifics of crypto in mind, enabling you to enjoy security, ownership and ease of use for your crypto all in one place. As part of this ecosystem, Ledger Live is the all-in-one app that, combined with your Ledger hardware wallet, allows you to do everything you want with your digital assets. 

If you already have a Ledger device and you’ve set it up, you’ll be familiar with the Ledger Live interface. It’s part of the set up process for your hardware wallet, letting you create and manage the accounts you need. But that’s not the sole purpose of Ledger Live. It also provides you with a secure gateway to key crypto services. Whatever you want to do, be it buy, sell, swap or even earn crypto, the Ledger ecosystem has an option for you. 

So, how does Ledger’s ecosystem facilitate that exactly?

Buy crypto

Interacting with web3 inevitably means buying crypto. If you want to access any blockchain app or service, you’re going to need some funds to offer. There are tons of different ways to buy cryptocurrencies. However, one of the easiest and most secure methods is to buy crypto via Ledger Live.

Using a Ledger buy provider, you can easily buy Bitcoin, Ethereum, Bitcoin Cash, Polkadot, Stellar, USDT and Dash, and many more. Plus, you can also safely store and manage over 1,800 different types of tokens, thanks to its bespoke integrations and there are more coins and tokens joining the list each day.

What’s more, all the crypto that you buy in Ledger Live is automatically sent to your Ledger hardware wallet. So you don’t need to set up a transaction from your exchange to the address managed by your Ledger hardware wallet. Instead, you’ll immediately have full ownership of your own crypto assets, without ever needing to leave them in an exchange – even briefly.

Swap crypto

Another key feature you’ll want is swapping or exchanging one crypto for another. This can have many benefits, like making a profit or diversifying your portfolio. Today, the most common way to swap crypto is through exchanges. However, you’re not in control of your assets using this method. That’s because most exchanges use custodial wallets, meaning you don’t actually own the account containing your funds.

Luckily you can swap crypto in Ledger Live too. This means you can swap using your non-custodial hardware wallet—while keeping ownership of your private keys. Plus, the Ledger ecosystem offers plenty of swap providers. That means you can securely swap 50+ assets including Bitcoin, Ethereum and Litecoin – all in one app. 

Earn Crypto

Earning money while keeping your crypto secured in your hardware wallet. It sounds good, right? It’s all thanks to the concept of crypto staking. 

Yes–you can earn crypto rewards by staking on blockchains using a Proof-of-Stake consensus mechanism. This includes popular networks such as Tezos (XTZ), Tron (TRX), Cosmos (ATOM), Algorand (ALGO) and Polkadot (DOT). 

What’s more, you can do it directly through the comfort and security of Ledger Live. Through the discover section, you’ll find a range of staking providers with multiple different staking options. Whether you have a lot or a little to stake, there’s an option in the Ledger ecosystem for you. From funding a validator, to participating in staking pools, there’s something for everyone. Whichever staking method you choose, the Ledger Ecosystem works to keep you safe. And now, you can also track all of your staking positions in one place: Ledger Live’s Earn Dashboard.

Access dApps Without Smart Contract Risks

Of course, once you’re done buying, swapping and earning, you might want to start interacting with web3. To explain, you won’t be able to access NFT marketplaces or decentralized exchanges without interacting with blockchain apps. However, interacting with these platforms also comes with its own risks. To explain, not all transactions concerning contracts will include the transaction’s full details. Signing these types of transactions is called blind signing, and unfortunately, it’s also a common attack vector. If you can’t understand the transaction details, your assets might be at risk. 

Luckily, within the Ledger Ecosystem, this is no problem. Accessing blockchain apps through the discover section means you can clear-sign transactions, receiving all of their details directly in Ledger Live. Plus, Ledger Live acts as a secure gateway to these platforms, guaranteeing you’re not interacting with a phishing site instead.

Accessing your dApps through Ledger Live means all transactions (borrowing, lending, swapping) need to be confirmed via your hardware wallet. Plus, funds are managed directly through your existing crypto accounts within Ledger Live. These features mean your transactions stay secure, but also very accessible. Beyond that though, Ledger Live’s discover section also collects all of your favorite dApps in one place—making interacting with web3 easier than it’s ever been. 

Ledger Live: The Home For Crypto Payments and Transactions

So, now you know all about the power of Ledger Live, not just for buying and swapping cryptocurrencies, but also earning rewards and interacting with blockchain apps safely. 

To explain, every action you take on Ledger Live is secured by your Ledger hardware wallet. From transaction to delegation, everything is verified and validated. By verifying all actions on your wallet, you confirm that what’s shown on your computer is what your Ledger device is trying to process.

Plus, since Ledger devices use a Secure Element (SE) – the most secure chip, you can rest assured your purchases are safe from online threats. These include phishing and physical hacks. So what are you waiting for?  Download and install the Ledger Live app on your computer or smartphone, so you can manage your crypto at home and on the go. Use Ledger Live to securely manage your crypto assets in one place, whenever you want.