Ledger is a France-based company that produces hardware wallets used to store cryptocurrency. Its most popular models include the Ledger Nano S and Ledger Nano X. These devices securely store users’ private keys offline in a tamper-proof environment. By doing so, Ledger eliminates the risks associated with online wallets or exchange-based custodial wallets.
Ledger wallets do not actually store cryptocurrencies but instead store the private keys that provide access to your crypto assets. These wallets support a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and many others. To manage and access your holdings, you need to go through the Ledger login process, which is a combination of hardware-based authentication and interaction with companion software.
Unlike logging into a social media or email account, logging into a Ledger wallet involves connecting the physical hardware wallet to a device, typically a computer or smartphone, and verifying your identity through the Ledger Live software application. This method ensures that even if your computer is compromised, your private keys remain protected.
The login process doesn't involve typing a username or password on your computer. Instead, the actual access to the wallet occurs when the physical device is unlocked using a PIN code, followed by a verification handshake between the Ledger device and the Ledger Live app.