Question 1

What cryptocurrencies and tokens does Ledger support?

Accepted Answer

Ledger devices, in conjunction with the Ledger Live application, support over 5,500 different cryptocurrencies and tokens, including major assets like Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA), Solana (SOL), and thousands of ERC-20 tokens. The full, up-to-date list is available on the "Supported Crypto Assets" page of the Ledger website.

Question 2

How do I recover my funds if my Ledger device is lost, stolen, or damaged?

Accepted Answer

Your funds are not stored on the Ledger device itself, but on the blockchain. The device holds your private keys, secured by your 24-word recovery phrase. If your device is compromised, you can use this recovery phrase to restore access to your funds on any new Ledger device or compatible software wallet, ensuring your assets remain accessible even without the original hardware.

Question 3

Can I use my Ledger device for staking or interacting with DeFi protocols?

Accepted Answer

Yes, Ledger Live offers direct staking for several proof-of-stake assets like Ethereum (ETH), Polkadot (DOT), and Tezos (XTZ). For other assets and more complex DeFi interactions (e.g., lending, borrowing, liquidity provision), you can connect your Ledger device to compatible third-party wallets (like MetaMask) or dApp interfaces, using your Ledger for secure transaction signing.

Question 4

What is the difference between the Ledger Nano S Plus and the Ledger Nano X?

Accepted Answer

The Ledger Nano X offers Bluetooth connectivity for mobile use, a larger screen, and more storage capacity for installing a greater number of crypto applications simultaneously. The Nano S Plus is a more affordable, wired-only device with a larger screen and improved app capacity compared to the original Nano S, making it a solid choice for desktop users.

Question 5

Is Ledger Live open source, and how does Ledger ensure the security of its software?

Accepted Answer

While Ledger Live is not fully open source, critical components like the Ledger operating system (BOLOS) and the cryptographic libraries are subject to independent security audits and bug bounty programs. Ledger employs a team of security experts and cryptographers to continuously review and enhance the security of both its hardware and software ecosystem.

Ledger Website Full Guide (2026)

Introduction

Key Features

Use Cases

Securing Treasury for a DAO or Crypto Fund

How to Use Ledger

Procure a Device

Ledger Alternatives

Messari

MetaMask

Trezor

The Block

About Ledger

Official Website

Video Mentions

Ledger Status