We are pleased to announce that with Saturn Wallet's recent hardware wallet support, Saturn Exchange is now fully accessible to all Ledger and Trezor users. This is a development milestone we set to be completed during the Fenrir stage of our Roadmap - we are happy to say it has been accomplished.
It is a milestone we are excited to have completed as it opens up opportunities for Saturn Network to grow by enabling a whole new group of users to trade their crypto assets on our platform. This is especially important in the case of enabling Ledger, whose users are generally thought to be holders of Ethereum with the Trezor wallet being seen as the favourite in the Bitcoin community.
An important step for future growth
We also see this as an important development step that required completion to ensure we would be ready to scale and deploy Saturn Protocol onto new blockchains. As many cryptocurrency holders use hardware wallets, not only for the additional security measures, because they provide an easy way to hold numerous different coins. For example, the Ledger Nano S, supports over 1,000+ coins natively - and that is just one of their devices.
You can read more about why Hardware wallets offer you better security when managing your crypto assets and interacting with smart contracts in the article below.
Setting up your Ledger for Saturn Network
Let's take a quick look at what you need to do to set up your device to enable token trading on our platform.
- To get started, plug your Ledger into your computer with the USB cable provided and unlock your device with your PIN code.
- Open up your Ethereum Application on your Ledger, go to settings and make sure that
Contract Datais set to Yes.
If you do not do this then every attempt of interacting with any smart contracts will result in failed transactions.
- Now you will need to open up Saturn Wallet, create or login to your account, click the change wallet symbol at the top right and select
Connect to Hardware Wallet
- At this point you need to select Ledger and then click
Connect. You will then be asked to select your HD path, if you are using the latest Ledger firmware, it will most likely be the Ledger Live option.
- Select the wallet address or addresses you wish to connect to Saturn Wallet, once you click Unlock you will find they are now selectable on your top right Account list.
From here on you can start using your Ledger wallet to buy or sell tokens on our exchange or to join our strategic investor program via our HODL program. Whenever you submit a transaction to Ethereum or Ethereum Classic network, you will be asked to confirm and sign the notifications on your device.
Remember that even though your Ledger device stays in your Saturn Wallet account list, your private keys always remain on your device and your wallet is unusable without your Ledger being connected to your computer. This makes using a hardware wallet on our platform one of the safest ways to buy and sell tokens.
Future is bright!
Learn More about Saturn Network
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