How do cryptocurrency wallets work?

When you buy cryptocurrencies like Bitcoin and Ethereum, you receive two keys: a public key and a private key.A public key is like a bank account number, which you can share with third parties to receive cryptocurrencies without fear of compromise.A private key signs transactions and allows you to send and receive cryptocurrencies. Private keys must be kept secure and secret. Anyone who has access to them will also have access to all cryptocurrencies associated with those keys.A cryptocurrency wallet stores your private keys and provides access to your assets.

How do you set up a cryptocurrency wallet?

Ready to get started? Here are the steps to set up a cryptocurrency wallet:

Purchase a Ledger hardware wallet. It stores your private keys in a secure offline environment, giving you peace of mind and full control over your assets. All Ledger cryptocurrency wallets are equipped with the latest generation Secure Element chip and the proprietary Ledger operating system, which protects your cryptocurrencies and NFTs from advanced cyberattacks.

Connect your Ledger cryptocurrency wallet to the Ledger Wallet app to easily manage your cryptocurrencies, track your portfolio, and securely access a wide range of decentralized applications (dApps) and Web3 services. All in one convenient place!

Add cryptocurrencies to your Ledger wallet. Ledger has integrated with leading third-party providers to allow you to buy, trade, stake, and manage cryptocurrencies through the Ledger Wallet app. Your cryptocurrencies will be securely transferred to your Ledger hardware wallet.