FAQs about the Ledger Live crypto wallet app
What is a crypto wallet? +
A crypto wallet is a digital tool that allows users to store, manage, and interact with cryptocurrencies such as Bitcoin, Ethereum, and many others. It plays a crucial role in the cryptocurrency ecosystem, enabling users to securely manage their digital assets and perform various transactions.
What is a Web3 wallet? +
A Web3 wallet is a digital wallet that allows users to interact with decentralized applications (dApps) on blockchain networks. It serves as your identity and access point to the decentralized web.
What is a non-custodial wallet? +
A non-custodial wallet gives you full control over your private keys and funds. Unlike custodial wallets where a third party holds your keys, with non-custodial wallets you are solely responsible for securing your assets.
How do you use a crypto wallet app? +
Using a crypto wallet app typically involves downloading the app, creating a new wallet or importing an existing one, securing your recovery phrase, and then using the app to send, receive, and manage your cryptocurrencies.
What is the best crypto wallet for mobile phones? +
Ledger Live mobile app is considered one of the best crypto wallets for mobile phones as it combines security with ease of use, allowing you to manage your crypto assets on the go while maintaining high security standards.