It will ask you to connect your Ledger by clicking Continue. But the company’s main products remain its hardware wallets as Ledger estimates that it secures 20% of cryptocurrencies and 30% of NFTs worldwide.Now access your Near wallet, click on your username and then click on "Profile":Īfterwards, at the bottom of the page, click on ENABLE under Hardware Devices: The company offers staking opportunities and integration with third-party products. Ledger also generates revenue from Ledger Live. The enterprise platform also offers some DeFi and NFT management features. In addition to this hardware business that is performing really well, the company offers enterprise solutions to secure crypto assets with governance and treasury management features. The company sold 1 million devices between June 2022 and February 2023. And that trend isn’t slowing down as the FTX debacle showed once again that your crypto assets could disappear overnight if you leave them on a crypto exchange. Ledger has sold 6 million devices since its inception in 2014. The company expects to ship the first Ledger Stax devices to its customers at some point in the next two months. The display wraps around the body of the device, which means that the name of the wallet remains visible even if you stack Ledger wallets - crypto millionaires often have multiple Ledger devices to separate assets across several wallets.Īs it’s an E Ink display, the name of the wallet remains visible even when the device is turned off or the battery is empty. But users will also be able to manage NFT collections. Just like other Ledger wallets, you can use it to sign transactions. Designed in partnership with Tony Fadell, this high-end wallet costs $279 and features a large E Ink display similar to a Kindle display. More recently, the company unveiled the Ledger Stax. Image Credits: Ledger (opens in a new window) This way, users can connect a Ledger Nano X to a smartphone using Bluetooth. It looks a lot like the Ledger Nano S Plus, but it has a built-in battery and a Bluetooth chip. It has a small black-and-white display, two buttons and a USB-C port to plug the device to your computer and turn it on. It’s the most recent iteration of the Ledger Nano S. Ledger’s flagship product is the Ledger Nano S Plus. Some companies are moving away from this single point of failure by switching to other recovery methods, such as Argent and ZenGo. For instance, MetaMask users should never share their wallet seed phrase for the same reason. To be fair, other wallets have been targeted by similar phishing campaigns. It led to phishing campaigns with scammers trying to obtain recovery phrases. In July 2020, Ledger discovered a data breach of personal information stored in an e-commerce and marketing database. You should then store this recovery phrase in a safe place as it allows you (or someone else) to recover your wallet in case you lose your Ledger wallet.Īnd it’s true that having a secure wallet doesn’t prevent scams. When you first boot up your Ledger device, the company asks you to write down a 24-word recovery phrase on a piece of paper. That’s why you need to turn on your Ledger wallet and confirm the transaction. When you enter the public address of the recipient in the Ledger Live app, you have to validate the transaction with the private key. When you want to send some crypto tokens, you have to use another device like a computer or a smartphone. Hardware wallets are secure by design because the private key of the crypto wallet never leaves the device - it is stored in a certified secure chip. ![]() The company’s current devices are shaped like USB keys and feature a tiny screen to confirm transactions on the device. Ledger’s main products are hardware crypto wallets that offer a high level of security. ![]() Some existing investors are also investing in Ledger once again, such as 10T, Cité Gestion Private Bank, Cap Horn, Morgan Creek, Cathay Innovation, Korelya Capital and Molten Ventures. New investors in the company include True Global Ventures, Digital Finance Group and VaynerFund. Once again, the company has managed to line up a long list of investors. In the current funding environment, raising at the same valuation is already quite impressive. This is an extension round as the valuation of the company isn’t changing - €1.3 billion ($1.41 billion at today’s exchange rate). And the company is adding another €100 million ($108 million) in new funding. In 2021, the company raised €356 million ($385 million at today’s exchange rate). The company designs and manufactures so-called hardware wallets to secure crypto assets. ![]() French startup Ledger has added more money to its Series C funding round.
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