Hardware Wallet Leader Ledger Adds Tron Support to Its Software

Published at: April 16, 2020

Leading hardware wallet producer Ledger announced that its official wallet software now supports Tron (TRX).

According to an announcement, Ledger Live — the official wallet software for Ledger’s hardware wallets — now allows its users to manage their Tron addresses. Furthermore, Ledger hardware wallet owners can also stake their TRX directly from the software. The announcement reads:

“You can now manage your Tron (TRX) into Ledger Live and stake them, which means getting rewards without doing anything!”

Ledger also announced that — to celebrate the added Tron support — the firm is holding a contest. Among the users who participate, 100 will win up to $2,000 in TRX and an engraved Ledger Nano X.

Tron senior marketing manager Ryan Dennis admitted that staking TRX tokens was already possible by using third-party software with Ledger’s hardware wallet. Still, he said that the integration is advantageous for TRX users because of the high-security standard that is guaranteed by Ledger’s solutions and the advanced transaction system designed by the firm:

“Security is one of the most important criteria in the crypto space. Ledger’s team has re-engineered the transactions system and further enhanced a step-by-step way to send and receive cryptocurrency assets. Features, like on-screen guidance that raises the accuracy of these critical processes and more advanced features for users who seek more control over transactions and portfolio management.”

 

Hardware wallets: the most secure solution for the average user

Short of complex systems that are either too complicated or expensive for the average user, hardware wallets may be the most secure way to store one’s cryptocurrency. In a dedicated analysis, Cointelegraph overviewed the features of all the major hardware wallets.

Having a hardware wallet does not mean that there is literally no way to steal cryptocurrency from a user. The user also has to be aware that the recovery seed of his hardware wallet should be never exposed to a computer. As Cointelegraph reported yesterday, most of the recently-removed Google Chrome phishing browser extensions that targeted crypto users attempted to have users share their Ledger recovery seeds.

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