Monero wallet

The right hardware wallet for your Monero

Looking for a hardware wallet to secure your Monero? Join 6+ million customers who trust Ledger wallets to secure and manage their crypto.

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Monero wallet
Ledger Secured Solution

How to secure your Monero ?

Connect your Ledger hardware wallet to a compatible third-party wallet to secure and manage your Monero. 

Ledger hardware wallet

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

GUI Wallet

With GUI Wallet, you can send/receive, swap Monero, view transaction history, and more.  

How to get a Monero wallet?

1
Get a Ledger wallet

Get a Ledger wallet

Select and purchase a Ledger wallet of your choice.

  • Beginner in the crypto world? Get started with Ledger Nano S Plus™.
  • Prefer a Bluetooth connection? Try with Ledger Nano X™.

Buy a Ledger

2
Connect your Ledger device to GUI Wallet

Connect your Ledger device to GUI Wallet

  • Visit the official GUI Wallet website and download and install GUI Wallet.
  • Connect your Ledger Nano to GUI Wallet.
3
Start your Monero journey securely

Start your Monero journey securely

With your Ledger hardware wallet connected to GUI Wallet, you can review and sign transactions securely.

Choice of 6,000,000+ 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.

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What is Monero (XMR)?

Monero is a privacy-oriented cryptocurrency. It is a fork of Bytecoin and uses ring signatures, stealth addresses, confidential transactions, and bulletproofs to provide anonymous value transfer while maintaining privacy and fungibility.

Monero (XMR) is a cryptocurrency that operates on a blockchain with greater anonymity. It was one of the first cryptocurrencies to use encryption, which significantly improved privacy and fungibility over existing alternatives. Its primary distinction is its capacity to allow users to make and receive transactions while keeping this information private from anybody looking at the blockchain.

Frequently Asked Questions

Monero relies on PoW consensus with a few optimizations focused on maintaining decentralization. The consensus algorithm deployed in the network is the CryptoNight algorithm, which is designed to support CPUs and GPUs, but not specialized hardware like ASICs. The Monero community has selected to be open in adapting the consensus algorithm to attempts by mining firms to build specialized hardware capable of mining on the network.

Monero also has a dynamic block size, meaning that the size of blocks in the blockchain is not fixed and they adjust based on network requirements.

Monero has a consistently decreasing block reward that creates a tail emission whose consequences are a perpetually decreasing rate of annual inflation to its supply.

Transactions on Monero are automatically private, meaning that the privacy technology employed works in the background and is not optional when sending or receiving XMR — the native Monero coin.

At the blockchain layer, there are primarily 3 areas that need to be addressed to achieve anonymity and fungibility: Transaction Origin, Transaction Destination and Transaction Amounts

Monero’s main privacy implementations address all 3 areas, and their recent integration of bulletproofs — a form of zero-knowledge proof — supplements the network’s privacy and efficiency further.

Transaction origins and destinations are masked in Monero by a combination of stealth addresses and Ring CTs. Stealth addresses are unique, one-time addresses created by the sender for a transaction on behalf of the recipient, providing unlinkability of addresses. RingCTs are an optimized form of ring signatures which muddle the key used to sign a transaction among a group of users — making it computationally infeasible to discern the actual signer of a transaction.

RingCTs even enable the masking of transaction amounts with reasonable efficiency. To improve the efficiency and privacy assertions of Monero transactions bulletproofs were implemented into the protocol in 2018, which have helped to reduce the large transaction sizes in Monero by up to 80 percent.

Confidential transactions are, on average, larger than standard cryptographic transactions (i.e., in Bitcoin) due to the commitments required to mask transaction details. While very new, bulletproofs in Monero are widely observed as a significant boost for the network.

The Monero Research Lab has published numerous academic papers on financial privacy and technology and plays an important role in the network’s future trajectory.

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 cold wallet to spend, withdraw, or transfer your cryptos.

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 hardware 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 cold wallets keep your keys secure and give you complete control over your cryptocurrencies.

A Monero (XMR) wallet app is a software application or hardware product designed to store, manage, and transact with Monero cryptocurrency.

These Monero wallet apps provide a user-friendly interface that enables users to create new Monero addresses for receiving XMR, view their account balance, initiate transactions, and monitor their transaction history.

Ledger Live app is compatible with the best Monero wallet called GUI Wallet and is available for various platforms, including desktop operating systems (Windows, macOS, Linux), and mobile devices (iOS, Android).

The Monero (XMR) cryptocurrency uses a different address format compared to many other cryptocurrencies such as Bitcoin or Ethereum.

A raw Monero address is a set of 95 characters starting with a ‘4’ or an ‘8’ and are encoded in Base58.

Here is an example of Monero address, for instance:
888tNkZrPN6JsEgekjMnABU4TBzc2Dt29EPAvkRxbANsAnjyPbb3iQ1YBRk1UXcdRsiKc9dhwMVgN5S9cQUiyoogDavup3H.

Because those addresses are long and complex, you will often encounter an OpenAlias address instead.
For example, Monero donations can be sent to [email protected] or donate.getmonero.org.

When using a Monero wallet, you will have a unique Monero address associated with it. This address acts as a public identifier for receiving Monero. To receive funds, you simply share your Monero address with the sender. When sending Monero, you will need the recipient’s Monero address.

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