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Every Ledger Wallet Question FINALLY Answered (All 30+)

#Cryptocurrency
2025-09-02 01:0512 min read

Content Introduction

The video provides an in-depth FAQ about Ledger wallets, addressing over 30 questions related to their security, functionality, and features. It explains common misconceptions, such as the notion of a backdoor in Ledger products and clarifies the software's open-source status. The presenter shares personal experiences from nearly six years of using Ledger wallets and discusses security measures, including Ledger Donjon and Recovery services. He emphasizes the ability to recover wallets using seed phrases, the importance of firmware updates, and the support for thousands of cryptocurrencies. The video also highlights that Ledger wallets offer features like staking and managing multiple assets while ensuring user data is secure. In conclusion, the presenter assures that Ledger products are suitable for beginners and encourages viewers to consider their options carefully when selecting a Ledger wallet.

Key Information

  • The speaker addresses frequently asked questions about Ledger wallets, having used them for nearly six years.
  • Ledger wallets do not have a backdoor; only users have access to their wallets.
  • Ledger is approximately 95% open source, with only the secure chip being closed source due to legal restrictions.
  • Ledger products have undergone security audits by third-party companies as well as internal audits by their own security team.
  • The Ledger Recover service is an optional, subscription-based key recovery service that is not a backdoor.
  • Users can connect Ledger wallets to third-party software wallets for added features but still benefit from Ledger's security.
  • Ledger supports multiple cryptocurrencies, allowing users to store a wide variety of coins across different blockchain networks.
  • Ledger wallets can be used without a computer, as they are compatible with mobile devices.
  • Users have the option to stake cryptocurrencies on Ledger, allowing for passive income.
  • There are no fees for holding crypto on a Ledger wallet, but service fees may apply when using Ledger Live for transactions.
  • The maximum number of apps that a Ledger wallet can support is limited, typically between 10 to 100, depending on the device and the apps chosen.
  • Ledger wallets are manufactured in various locations, including France, and have a strong security reputation.

Timeline Analysis

Content Keywords

Ledger Wallet FAQ

This video answers over 30 common questions related to Ledger wallets, including security, features, and user experience. Key concerns such as backdoors, open-source status, audits, and buying options are discussed in detail.

Ledger Security

The script emphasizes the security of Ledger wallets, clarifying that Ledger has never accessed user wallets, and discusses incidents where Ledger has been in the spotlight regarding security vulnerabilities.

Open Source

Ledger is noted to be 95% open source, with certain exceptions related to proprietary security components. This transparency aims to assure users of its commitment to security.

Subscription Service

The video provides details about Ledger Recover, a subscription-based service designed for secure recovery of wallet keys, including its operation method and clarifying misconceptions about backdoors.

Ledger Live App

Ledger Live is introduced as the main application for managing Ledger wallets. It allows users to perform various tasks, including transactions, managing multiple wallets, and connecting to external apps.

Multi-Signature Support

Discussion about Ledger's capabilities regarding multi-signature wallets and how users can manage multiple wallets through Ledger Live, enhancing security.

Firmware Updates

Explains the necessity of firmware updates for Ledger devices, stressing their importance for security and introducing the process for updating through Ledger Live easily.

Crypto Support

Ledger wallets support more than 6000 coins and NFTs across 73 blockchain networks, emphasizing their versatility and usability in the crypto ecosystem.

Wallet Selection

Guidance on choosing the best Ledger wallet for the user's needs, considering factors such as physical features and individual preferences.

Related questions&answers

Does Ledger have a backdoor?

No, no one, including Ledger, has access to your wallet except for you.

Is Ledger open source?

Yes, Ledger is 95% open source including Ledger Live and other essential components.

Has Ledger ever been hacked?

Ledger wallets have never been compromised, but there have been leaks of customer information due to unrelated breaches.

Can I buy Ledger from a third-party website?

While it's possible, the safest place to buy a Ledger wallet is from the manufacturer's website.

Is Ledger audited?

Yes, Ledger products have been audited by third-party security companies and by their internal team.

What is Ledger Donjon?

Ledger Donjon is Ledger's own research security team that tries to hack their wallets to ensure they remain secure.

Does Ledger collect your data?

Ledger Live collects some data, but nothing that links you directly to your wallet address.

Is Ledger Live safe?

Yes, Ledger Live is safe to use, as it is open-source and audited.

Can I verify my Ledger wallet's firmware?

Yes, during setup, Ledger Live automatically checks that the firmware is authentic.

Which Ledger wallet is safest?

All Ledger wallets are equally secure as they all have secure element chips and are audited.

Are Ledger wallets good for beginners?

Yes, Ledger wallets are perfect for beginners due to their user-friendly setup.

Do I need a computer to use Ledger?

No, you can use your Ledger wallet with a modern-day mobile device.

Can you stake crypto on Ledger?

Yes, you can stake various cryptocurrencies directly from Ledger Live.

Can you sell your crypto directly from Ledger Live?

Technically yes, but it requires using third-party services integrated into Ledger Live.

Does Ledger charge any fees?

Ledger does not charge fees to use the wallet, but transaction fees and third-party service fees may apply.

How much crypto can I hold on my Ledger wallet?

There is no limit on how much crypto you can technically secure using a single Ledger wallet.

Where are Ledger wallets made?

Ledger wallets are manufactured in France and Vietnam, with their headquarters located in France.

How can I recover a Ledger wallet?

You can recover your Ledger wallet by using your seed phrase during the setup of a new device.

Can you connect multiple Ledger wallets to Ledger Live?

Yes, you can manage multiple Ledger wallets using the Ledger Live app.

Does Ledger support multiple receiving addresses?

Yes, Ledger wallets support multiple receiving addresses for increased privacy.

Does Ledger support Bitcoin only mode?

No, Ledger does not have a Bitcoin-only wallet, but you can download the Bitcoin app on your Ledger device.

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