Ledger Crypto Wallets

When you buy crypto like Bitcoin and Ethereum, you're issued two keys: one is public and the other is private. The public key can be compared to a bank account number that you can share with third parties to receive crypto without worrying that your assets will be compromised. The private key signs transactions and allows you to send and receive crypto. It's crucial to keep your private keys secure and secret. A crypto wallet stores your private keys and gives you access to your assets.

Hot wallets are connected to the internet and usually convenient to use, however, they are also vulnerable to online attacks. Examples include web-based, mobile, and desktop wallets. Cold wallets keep your private keys offline and out of reach of online threats. Examples include paper and hardware wallets. Wallets can also be categorized as custodial or non-custodial, depending on who holds the private keys. Non-custodial wallets, like Ledger's, enable you to fully own and control your crypto.

Hot wallets store private keys on systems connected to the internet, which makes them susceptible to online attacks. Keeping your crypto on an exchange also means you have no true ownership or control over it. Hardware wallets store your private keys offline, giving you full control and enhanced security. Even if you misplace or lose your hardware wallet, you can get a new one and use your Secret Recovery Phrase to access your assets.

1) Get a Ledger hardware wallet. It stores your private keys in a secure, offline environment. All Ledger crypto wallets are powered by an industry-leading Secure Element chip, together with Ledger's proprietary OS. 2) Pair your Ledger crypto wallet with the Ledger Wallet app to manage your crypto and access dApps and Web3 services. 3) Add crypto to your Ledger wallet via integrated third-party providers to buy, swap, stake, and manage crypto.