Ledger Live Wallet : Most Trusted & Secure – Connect Your Ledger
How to Store or Manage Bitcoin Ordinal using Ledger Live?
If you are involved in trading activities, you might have a notion about the significance of crypto wallets in a regular trader life. I am stating this by considering the number of mishappenings, scams, and frauds in the crypto industry. While you are investing your hard-earned funds in crypto assets and you can’t afford to lose them at any cost, you should consider opting for extra security for your funds.
Well! The hardware-based crypto wallets could be the place you are looking for to store your assets safely. Ledger Wallet is one of the most efficient hardware wallets that provide safety-enriched storage at an affordable cost. And, the best thing about this wallet is, it is easily manageable digitally with the help of Ledger Live software installable from www.ledger.com/start.
In this write-up, we are going to present a quite needful process of storing Bitcoin ordinals in the Ledger Wallet. I am sure if you are a Bitcoin aficionado, you would like to have your ordinals safe in safe hands. So, folks! No more delay we are supposing, let’s dive into the guide from soups to nuts.
First thing first, create an account dedicated to Bitcoin
If you are wondering why you can't store your Bitcoin ordinals in a regular account of the Ledger Live app. let me be clear that Bitcoin ordinals are directly linked with the UTXOs (unspent transaction output), so you can’t make s via a regular account of any configuration installed from www.ledger.com/start. To diminish the chances of any transaction from a regular account accidentally, it is a wise move to have a separate account for Bitcoin ordinals.
So we are about to jump in, but before that, you need to make sure a couple of things such as if you have already installed the Ledger Live from www.ledger.com/start, ensure that it is updated to its recent version. And, your Ledger Wallet device is also running all updated apps. After this, you can move ahead by taking the guidance stated below.
Open the ledger Live on your PC or mobile in the first step.
Afterwards, you should pick up the “+Add Account” button to proceed.
On the prompt, choose “Bitcoin (BTC)” further and hit the “Continue” button.
Now, you need to establish a safe connection between Ledger Live with the Ledger device.
To do this, press and hold both of the buttons of the Ledger device simultaneously.
Open the same Bitcoin account you just created by pressing both buttons again in the same way.
On the screen of Live, turn on the toggle of “Show all address types” > “Taproot”.
If you want, rename it as per your reference and proceed by tapping the “Add Account”.
Now, your Taproot account will be opened, tap “Receive” to generate a deposit address.
Once it is generated, provide it accurately on your Ledger device screen to verify it.
After verification, copy the same address and approve it on your Ledger device.
At last, open Ord Wallet and transfer the Bitcoin ordinal to the copied address.
Now, you will be able to see the ordinals in your Ledger transaction history. If it is not there, wait as it may take time to confirm the transaction.
The Bottom Line!
If you are a Bitcoin trader and want to store and manage them on the Ledger Wallet, you can do it by installing the Ledger Live from www.ledger.com/start. Wrapping up this read with a keynote that Bitcoin ordinal is still in its initial phase, so make sure to dive into this world only if you have enough knowledge of UTXO management. Newcomers won’t be entertained here.
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