Home Tech Ledger live and how it works

Ledger live and how it works

225
0

LedgerLive refers to downloading a hardware wallet interface app for users of the Ledger Nano S, Ledger Nano X, and Ledger Blue. The app ensures that the users of the ledger are able to manage their cryptocurrency assets and hardware. In addition, it is one that features price updates in real time, the management of multi-accounts, and the convenience of setup processes that are extremely simple.

Ledger live is able to combine the management of crypto assets which are individuals and a device management into a single interface, with the intention of having to gradually replace the application system that is chrome based which previously annoyed some of the device users.

Apart from that, a ledger live tend to support both the Ledger Nano X, and the Ledger Nano S and it is readily available for free use to users of the devices. The following are some of the exciting features of the Ledger Live.

Creating new accounts

The app is able to enable account creation which is easy via clicking the button of + from the dashboard and then going ahead and naming it. It is possible to create various accounts for each of the crypto assets especially if you decide in splitting the holdings: the charity foundation bitcoin fund and new car bitcoin fund. To change the name of the account, you have to open the account and then click the icon of the wrench which is normally at the top right hand side.

But there will be a need for you to switch between various apps for some of the crypto currencies meaning, you will still have to use the third party applications.

Having to import existing accounts

If previously you used the chrome apps in setting up a wallet for currency on your ledger hardware, it is possible to easily change the management of your device to the ledger live. When the setup is happening, you will be prompted to pick the cryptocurrency from the drop down menu, and then go ahead and open the app which is relevant on your device.

Apart from that, it is possible to additionally import an account which is already in existence by clicking next to the account, the + button which is on the left hand side menu.

Transactionsthat are intuitive and secure

To make sure that money is going and coming to the right recipient and the sender, the ledger live tends to provide confirmation for transactions and guidance on-screen which enhances the accuracy of this main process.

The firm has re-engineered completely the system of transactions with a step by step way of sending and receiving crypto currency assets. The applications do offer some new options to be used for the advanced users seeking to have more control that is granular over their assets and transactions accounts.

The real time balance

For the ones who love having a compulsive check, and their portfolio value throughout the day, then the ledger live allows for checks of assets value based on the market rates in real time.