How To Manage BRD Stored On Ledger With MyCrypto
Bread (BRD) is a global blockchain-enabled financial service platform that provides the simplest and most secure way to buy and protect bitcoin and other cryptocurrencies. The platform is built and run on the Ethereum blockchain, hence BRD is a fully derived ERC20 token.
Similar to many ERC20 tokens, BRD is also fully supported by Ledger where both asset storage and account management are possible. In addition to this, third-party wallets too can manage the BRD stored on a Ledger hardware wallet, providing extra flexibility in account management.
In today’s tutorial, we will go over the steps on how to get Ledger connected to a third-party wallet such as the MyCrypto wallet to manage BRD.
Before you begin: You will need to have an initialized Ledger hardware wallet, plus the Ethereum app already installed on your Ledger device. You also need to have the Ledger Live application downloaded and installed on your device.
Make sure you are using the latest version of Ledger Live.
How to get Ledger and MyCrypto started
(1). Visit the MyCrypto main website here. From the main page, you then get a welcome window, and you can navigate through until you hit the connection page, as shown below.
(2). Click on ‘Get Started’ and from the new window select the ‘Ledger’ option in the top left corner.
(3). Once you click on the ‘Ledger’ option, a new window like the one below will appear. Now, make sure you unlocked your Ledger device by entering the PIN code and opened the Ethereum app with the browser from the app ‘Settings’ enabled. When this is all done, click on the ‘Connect to Ledger Wallet’ button as shown below.
(4). A new window will open, which should show your Ledger device, and click ‘Connect’. Next, you will get a selection of addresses to choose from. Once this is done, click ‘Unlock’.
(5). Any ERC20 token can be added to your local MyCrypto interface by clicking on the ‘Scan For Tokens’ button on the right-hand side of the interface.
That’s yet. Now you should see the wallet dashboard where you can start managing the BRD tokens just as easily as with the Ledger Live app.
Like many cryptocurrencies, Bread is a fast emerging cryptocurrency that as well as being supported on Ledger, can also be managed by MyCrypto. This increases the asset management flexibility that BRD holders can opt for. To learn how to do this yourself, use this tutorial to guide you. Good luck!