Ledger, a provider of cryptocurrency and blockchain security, now fully supports Avalanche (AVAX) on its Nano S and Nano X hardware wallets. The integration enables users to securely store and access their AVAX tokens on both X-Chain and C-Chain addresses using Ledger wallets.
Hardware wallets play a vital role in helping users secure their cryptocurrency holdings and digital assets. It does so by storing your private key–which is used to authorize transactions from an Avalanche Wallet–offline in a device.
For transactions involving the tokens or assets whose private keys are stored on a Ledger, the user must have physical access to the device to execute the transaction.
In doing so, users are adding another layer of security between their assets and malicious actors. Even if a bad actor is successful at attacking cryptocurrency users’ digital properties, they too would need the physical device to complete their theft.
Security is of the utmost importance for users accessing DeFi. As assets and applications rapidly grow in Avalanche, Ledger support is a vital component of the DeFi user experience. Since the beginning of March, users have executed more than 1,200,000 smart contract transactions and created 50,000 unique wallets on Avalanche.
“We are very happy to support Avalanche and would like to thank the Ava Labs team for making this integration possible. Ledger and Avalanche users can now safely manage their assets and properly review their transactions details on their Ledger device before signing,” said Fabrice Dautriat, head of coin integration at Ledger.
Starting today, Ledger users must upgrade their hardware to Version 0.5.2 to continue using their devices with the Avalanche Wallet. For more guidance on how to use Ledger hardware devices to help secure your AVAX, please see the following tutorial.
