same type of chip used for passports. Your crypto assets stay safe even if you lose your Ledger Nano S: a confidential recovery phrase backs up your device, and your accounts can easily be restored on any Ledger device. In other words, secure element chips are extremely difficult and costly to hack, while simple chips, even with software protection, require much less effort.
Click here to see the list of supported crypto assets. To use Litecoin and most of the other altcoins (not Ethereum you open the Bitcoin chrome app and the correct altcoin app on your ledger. This kind of chip is used for highly secure applications, such as protecting biometric data on passports or credit card information. These are native SegWit addresses that feature safety and security improvements.
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The device also features an intuitive navigation: all actions are controlled by only 2 buttons. Tip: If your exchange does not yet support the SegWit address format, you can use this address converter to send LTC to your Ledger device. So your steps would be to open the ledger Bitcoin chrome app, connect your nano s, unlock it, and open the litecoin app on your nano. Your private key giving access to your coins is never exposed. Even mit eigenem boot geld verdienen if you uninstall a device application, the private keys to access your crypto assets remain secure. Additionally, Ledger has developed its own secure element operating system, named bolos - a flexible and open system making it easy to support many crypto assets. SegWit addresses start with an,.
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