![]() ![]() Added support for the seed derivation algorithm EIP2333, allowing you to securely sign a deposit contract transaction for Ethereum 2.0 on your device.Added new device settings, allowing you to lock your device and uninstall apps directly from your device.From the dashboard, hold both buttons for 3 seconds to access device settings.Simplified the recovery phrase confirmation: choose each word of the recovery phrase among four suggested words.Added screens before the recovery phrase display and after the recovery phrase confirmation to underline the importance of the recovery phrase.Note that the update to firmware version 2.0.0 is only available from Ledger Live version 2.26.1. Make sure you have updated Ledger Live through the notification banner or downloaded the latest version of Ledger Live.⏳ It will be released progressively – if you don't see it yet, give it a go later. To learn more, scroll down or check out our blog post. □ Version 2.0.0 will bring you a smoother onboarding process, as well as the validation of deposit contracts for #Ethereum 2.0 via third-party services. With Ledger Live, users can use swap their tokens using partners Changelly or decentralized aggregator ParaSwap, with future plans to also include 1inch DEX aggregator too.□ The Ledger Nano S firmware update is here! Any assets that you swap are immediately in your own possession and completely in your control since you own your Private Keys. Not only is the solution secure, but so is their Swap feature, with no swap taking place without your manual consent. However, with Ledger, access to your cryptocurrencies is completely offline and out of reach for hackers. Meaning you don’t really own the assets, and the exchange can limit what you can do with your crypto. Plus, when you use an exchange, they own the key to the addresses they give you. With Swap, use has a single place to exchange more than 50+ different assets securely.Ĭrypto exchanges can be a prime target for hackers with so many assets stored. Following these practices will help ensure the safety of your crypto assets while using Ledger Live.įor users who already hold crypto on their Ledger hardware devices and are looking to diversify, Ledger Live has a swap function. Keep your Ledger device’s firmware up-to-date, double-check transaction details on your Ledger device before confirming, regularly scan your computer for malware, and ensure you have the latest version of antivirus software installed. However, it’s crucial to maintain security best practices when using Ledger Live. Additionally, Ledger Nano X, one of the Ledger devices, has Bluetooth security features for enhanced protection when using the mobile app. Some of the security features in Ledger hardware wallets include using a 24-word recovery phrase, with the option of adding a 25th word called a “passphrase” of your choosing. ![]() This means that even if someone hacks your computer, they would not be able to withdraw cryptocurrencies without having physical possession of the Ledger device. The security of Ledger Live is enhanced by the fact that you cannot send cryptocurrencies without physically using your Ledger device. Ledger Live is designed to work with Ledger hardware wallets, which are widely regarded as more secure than software wallets. ![]()
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