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How can I securely store XDC on Ledger Nano X?

avatarLusya BereznikovaDec 24, 2021 · 3 years ago3 answers

I want to store my XDC (XinFin Network) securely on my Ledger Nano X. What is the best way to do it? Can I directly store XDC on Ledger Nano X or do I need to use any other wallet? How can I ensure the safety of my XDC holdings?

How can I securely store XDC on Ledger Nano X?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    To securely store XDC on your Ledger Nano X, you will need to use a compatible wallet. Ledger Live, the official companion app for Ledger devices, currently does not support XDC. However, you can use third-party wallets like MyEtherWallet or MyCrypto to manage your XDC holdings on your Ledger Nano X. These wallets allow you to connect your Ledger device and access your XDC wallet securely. Remember to always verify the authenticity of the wallet website and ensure you are using the official version to avoid any potential scams or security risks.
  • avatarDec 24, 2021 · 3 years ago
    Storing XDC on your Ledger Nano X is a great way to ensure the safety of your holdings. By using a hardware wallet like Ledger Nano X, your private keys are stored offline and are never exposed to the internet, making it extremely difficult for hackers to access your funds. Additionally, Ledger devices have built-in security features like PIN codes and seed phrases that provide an extra layer of protection. Just make sure to keep your recovery phrase in a safe place and never share it with anyone.
  • avatarDec 24, 2021 · 3 years ago
    At BYDFi, we recommend using MyEtherWallet (MEW) to securely store your XDC on Ledger Nano X. MEW is a popular and trusted wallet that supports XDC and is compatible with Ledger devices. To set it up, you can simply connect your Ledger Nano X to your computer, open MEW, and access your XDC wallet. Remember to always double-check the wallet URL and ensure you are using the official MEW website to avoid phishing attempts. With Ledger Nano X and MEW, you can have peace of mind knowing that your XDC holdings are stored securely.