Ledger Live Wallet - Knowledge Test

Test your knowledge about Ledger Live Wallet with these multiple choice questions.

1. What is the primary purpose of Ledger Live software?
To manage crypto assets stored on Ledger hardware wallets
To mine cryptocurrency efficiently
To replace traditional banking apps
To provide free cryptocurrency loans
Ledger Live is designed specifically to interface with Ledger hardware wallets, allowing users to manage their cryptocurrency assets securely.
2. Which of these features is NOT available in Ledger Live?
Buy cryptocurrency with fiat
Mining cryptocurrency directly
Staking certain cryptocurrencies
Exchanging between different cryptocurrencies
Ledger Live does not include cryptocurrency mining capabilities. It focuses on secure management, buying, selling, and staking of existing assets.
3. What security model does Ledger Live use?
Custodial wallet model
Cloud-based security
Non-custodial with hardware wallet integration
Password-only protection
Ledger Live uses a non-custodial model where private keys never leave the hardware wallet, providing maximum security through offline key storage.
4. Which operating systems are supported by Ledger Live?
Only Windows and macOS
Only mobile devices
Windows, macOS, Linux, iOS, and Android
Only desktop computers
Ledger Live is available across multiple platforms including Windows, macOS, Linux desktop systems, as well as iOS and Android mobile devices.
5. What is required to confirm transactions in Ledger Live?
Email verification
SMS confirmation
Biometric authentication only
Physical confirmation on the hardware device
All transactions must be physically confirmed on the Ledger hardware device by pressing buttons, ensuring that even if your computer is compromised, your assets remain secure.