In the evolving world of digital finance, managing and protecting cryptocurrency assets is a top priority. A Ledger Account offers a secure, user-friendly way to take full control of your crypto investments by combining hardware security with powerful software management tools.
A Ledger Account is essentially the user’s interface within the Ledger ecosystem, where they can manage their cryptocurrency assets using the Ledger Live app in combination with a Ledger hardware wallet. This account isn’t like a traditional online account with a username and password—instead, it’s tied to your hardware wallet and your private keys, which never leave the device.
Ledger Live, available on both desktop and mobile, allows users to add multiple accounts for different cryptocurrencies. Each Ledger Account corresponds to a blockchain address that the user can use to send, receive, or store crypto assets.
When you set up a Ledger device (such as the Nano S Plus or Nano X), you’ll be guided through the process of creating your first Ledger Account through Ledger Live. During setup, a 24-word recovery phrase is generated—this is crucial for backing up and restoring your account if your device is lost or damaged.
Once the device is connected to Ledger Live, you can: