![]() For example, you can currently only manage your NEO through the NEON wallet application. These wallet applications are developed by communities outside of Ledger, who wanted to see their favorite cryptocurrencies supported on our hardware wallets. Cryptocurrency support & community developmentįirst and foremost, there are quite a lot of cryptocurrencies that are only supported through third-party wallet applications. While Ledger Live is an exceptional tool for managing a plethora of different crypto assets via your Ledger hardware wallet, there are some possible reasons why you might opt to use it with a third-party wallet instead. Why would you want to use third-party wallets? A third-party wallet is just one that was created by different developers than us. In the case of hardware wallets, they form the bridge between your hardware wallet and the blockchain. ![]() Through this synchronization, it can see how much of a specific cryptocurrency you have. To put it simply, a wallet is a software application on someone’s computer that synchronizes with a blockchain. They are created by developers outside of Ledger, but our hardware wallets can still securely connect to them. These are called third-party wallet applications. You can also use different wallet applications that are not created by Ledger. However, Ledger Live isn’t the only way you can manage cryptocurrencies… We’ve built on this to include even more exciting features, such as natively staking and buying cryptocurrencies. What are third-party wallet applications?Īt Ledger, we initially created Ledger Live to give Ledger users one central hub for managing a vast amount of cryptocurrencies. In this article, we’ll explain what these are and why they are useful. It is, however, not the only wallet application that you can use your Ledger device with – it can connect to many third-party wallets. Your Ledger journey starts with our powerful, all-in-one software: Ledger Live. Using your Ledger hardware wallet with legitimate third-party wallets remains secure, since your private keys do not leave your device ![]() They can be used to manage cryptocurrencies or features not supported in Ledger Live, as well as serve as a backup in case of a service outage These are wallet applications created by external communities and developers that serve as a bridge between your Ledger device and the blockchain Aside of Ledger Live, Ledger hardware wallets can connect to a plethora of third party wallet applications Do Your Own Research: How to Investigate Crypto Projects. ![]()
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