Algorand wallet

The best hardware wallet for your Algorand coins

Secure your Algorand assets with the most trusted cold wallet. Cold storage wallets are encrypted devices that store your Algorand assets offline, providing a layer of security against the evolving threats emerging from being connected to the internet.
Discover our crypto wallet

How to use Algorand with Ledger

What is Algorand?

Algorand (ALGO) is a decentralized blockchain network that supports a wide range of decentralized applications such as NFT platforms and DeFi protocols for lending, trading, yield farming, etc. It is an open-source, payment-focused network that aims to be simultaneously scalable, secure, and decentralized. The project developers claim that the Algorand technology is especially useful for financial services, decentralized finance (DeFi), and the fintech industry.

ALGO is the native coin of Algorand, with a maximum supply of 10 billion coins that are projected to be distributed by 2030. With each block that is forged on the Algorand blockchain, new ALGO tokens are sent to specific non-custodial wallets that hold at least 1 ALGO token. Such rewards enable ALGO token holders to earn annual rewards of around 5-8%, and thus, ALGO is also a token that can help investors earn a passive income.

What is a Algorand wallet?

To store and manage Algorand, you need a compatible cold wallet. Whether you’re looking to keep your assets safe and HODL or manage them on a daily basis, Ledger has the right product for you.

Ledger hardware wallet

Ledger hardware wallet stores your private keys and signs transactions offline, making them resistant to malicious attacks and threats.

Ledger Live App

Ledger Live App is a gateway to managing your assets, staking and earning passive income, checking your real-time balance, tracking transaction histories, and more.

How to get a Algorand hardware wallet?

01

Get Ledger Nano

Select and purchase a Ledger hardware wallet of your choice. Beginner in the crypto world? Get started with Nano S Plus. Prefer a Bluetooth connection? Try with Nano X.

Get Ledger NanoCompare Ledger wallet

02

Download and install what could be the best crypto app: Ledger Live

Download and install Ledger Live in a couple of clicks. Ledger Live is a crypto app for desktop & mobile that enables you to set up a Ledger device and manage your coins.

Download Ledger Live

03

Add Algorand to your portfolio

Install Algorand on your Ledger Nano:

  1. Open Ledger Live and navigate to Manager.
  2. Connect and unlock your Ledger device.
  3. Search for Algorand in the app catalog and click Install.

04

Create a Algorand account in Ledger Live:

  1. Open Ledger Live and head to Accounts.
  2. Click Add account.
  3. From the drop-down menu select Algorand.

You’re all set!

Buy, manage, and stake Algorand at your fingertips

Ledger Live is your one-stop platform for smooth and complete asset management. With just a few clicks, you can buy, send/receive, (swap), and stake Algorand to generate passive income. Buy, send/receive, swap, stake, and other crypto transaction services are provided by third-parties partners.

Stake Algorand

Stake Algorand directly through Ledger Live while keeping the tokens safe in your Ledger Nano.

Stake Algorand

1

The best way to keep your Algorand coins secure

Secure multiple assets, including Algorand using a Ledger hardware wallet. Your private keys, giving access to your assets, remain safe in a certified secure chip.

Ledger Nano S

NEW

LEDGER NANO S PLUS

Protect your Algorand assets with the first and only independently-certified Algorand wallet on the market.

Discover our Nano S Plus
Ledger Nano X

BEST SELLER

LEDGER NANO X

The Ledger Nano X is a Bluetooth enabled secure and CES award winning device that protect your Algorand assets.

Discover our Nano X

Choice of 5,000,000+ customers

Bertil A.

5/5

In order to secure cryptocurrencies, Ledger is the perfect tool.

Kevin L.

5/5

Simply a very elegant peace of hardware, with a gorgeous UI in the app.

James P.

5/5

ALL is good, all legal resources bought was as specified and compliant, party on.

Read more reviews

Frequently Asked Questions

When you first buy coin, you’re issued with two keys: public and private.

  • A public key serves as an address that can be shared with other parties to perform transactions.
  • A private key represents a randomly generated number that signs transactions and protects your assets from malicious attacks. If it gets compromised or lost, you won’t be able to access your wallet to spend, withdraw, or transfer your tokens.

To safeguard and keep track of your keys, you can use online or offline wallets. Online wallets, also known as hot wallets, store private keys on systems or devices that are connected to the internet. Hot wallets are easy and convenient to use, however, they come with several drawbacks. Besides being susceptible to attacks and a honeypot for hackers, with hot wallets, the custody of private keys is often entrusted to a third party such as a crypto exchange, which means you never have full control over your funds. The safer choice are specialized hardware wallets that store private keys offline. Stealing private keys from a hardware wallet would require physical access to the wallet and corresponding PIN or the recovery phrase. What’s more, with hardware wallet, you don’t need to rely on third party custodians.

Ledger Nano is the industry-leading hardware wallet. With more than five million customers, Ledger Nano wallets have several layers of security that protect private keys, and hence your assets:

  • Your private keys are stored on secure element chips.
  • A PIN code and a 24-word recovery phrase are required to access the wallet.
  • Ledger Nano crypto wallets have been built using highly durable materials for protection against physical damage.

With full isolation between private keys and your computer/mobile, Ledger Nano hardware wallets keep your keys secure and give you complete control over your tokens.

Stay in touch

Announcements can be found in our blog. Press contact:
[email protected]