What attracts traders & investors to the Ledger Live App?
Hardware wallets are the best wallets present in the industry for the safekeeping of the digital assets of traders and investors. Before the launch of hardware wallets crypto investors had no choice but to go with the software wallets only for the security of funds. But ever since cases of security breaches came forward in the market, traders are finding it hard to trust any of the software wallets for security. Though this reaction is understandable who would trust the platform that recently encountered the security breach? No one in their right mind would.
Therefore, to eliminate this issue from the user’s life, the launch of a hardware wallet took place. And instantly after its launch the hardware wallet received immense popularity in the market. But as a beginner, you must have a question why did the hardware wallets become so popular? So, to answer your question let us read in depth about the Ledger Live App and its features. Let's not waste any more moments and begin the blog below.
General Information on Ledger Live App
Ledger hardware wallet and the Ledger Live Application work together to give you the best top-rated services for your crypto journey. The hardware wallet has a software application to provide easier accessibility to the users of the Ledger hardware wallet. It becomes quite difficult for traders to access their accounts every time with the use of hardware devices just to check the insights of the investments made by them. Thus, with the launch of the software application of the hardware wallet, the struggle came to an end. This application gives you more control of the funds stored in your wallet as compared to any other wallet present.
Key Highlights of Ledger App
Hardware wallets also have quite a bit of competition in the crypto industry. Its top competitors are Trezor and Keepkey hardware wallet. But even with this tight competition, the Ledger Live App was able to maintain its top position in the market for quite some sometime. This must have made you curious as to what this platform has to offer to the audience that keeps them attracted to it. To answer your question just begin reading the below points:
Using USB Cables is the old method to connect your wallet device. In this modern era, nobody likes to use USB cables for connection purposes. Thus, to keep up with the modern world, the introduction of Ledger connectivity through the Bluetooth of smartphones was a success in the industry.
Every user needs a wide range of digital assets to support them throughout their crypto trading. However, not every wallet has such a high range of supported digital currencies. But on this wallet, you will find the name of every popular and the name of most least popular currency as well. Different ledger devices support different ranges of currencies. Such as the new Stax device has over 500 digital assets, however, the Ledger Nano X has over 5500 listed digital assets.
These are just a demo of what things this Ledger Live App can offer you. Reach out to the official webpage to learn the complete details.
Concluding Thoughts
Using the services of software wallets for free sure sounds appealing and pocket-friendly but at the cost of asset security. It is not worth it, because the security of funds is much more important in the eyes of everyone. To ensure full security you should go with the hardware wallets and it will keep your funds protected from phishing attacks. Hardware wallets might be a little expensive to pay but it is a one-time investment, after this you can freely enjoy your crypto trading with the other crypto traders. With this our blog on Ledger Live App ends here, we hope that our article was able to serve you with some useful insights.