Catalyst Onboarded Companies Playbook
  • Introduction
  • Contents
  • Part 1: Terms and conditions of your funding
    • Where your funding comes from
    • How much you got funded and how it gets distributed
    • Phase 1: Onboarding, Proof of Life and Test Transaction
      • Proof of Life (PoL)
    • Phase 2: Project Delivery and Regular Reporting
    • Phase 3: Close-out Report and Video
    • Expected return (or why you got funding)
  • Part 2: Using the funding
    • Before you start
    • Open a wallet
      • What you need to know about wallets
      • Keeping your seed phrases safe
      • Multi-signature (multisig) wallets
      • Hardware Wallets
      • Risk list: Why not to store your ADA on an exchange
      • Video links about wallets
      • The case for lace.io
    • Converting from ADA to your currency
    • Converting from ADA to a stablecoin
      • Djed stable coin
      • Converting your ADA to stablecoin on a Cardano DEX
      • List of DEXs
  • Part 3: Accounting and Reporting
    • First steps to tracking funds
    • Keeping track of your funds
    • Accounting for funds recieved
    • Tools to help with taxes
    • Plan ahead to mitigate loss due to volatility
    • Reporting
  • Part 4: Community Support
    • Technical support
    • Telegram groups
    • Challenge Teams
    • Coordinator meetings
    • Project Catalyst Team – how they can help
    • Project Catalyst Team contacts
    • Get help from the Treasury Guild
  • Part 5: Cardano Business Technologies
    • Overview
    • Understanding Cardano Blockchain Technology
    • Programming on Cardano
  • About Cardano Smarthubs
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  1. Part 2: Using the funding
  2. Open a wallet

Hardware Wallets

Recommended as the most secure wallet to hold your ADA.

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Last updated 2 years ago

A hardware wallet is a physical device used for storing and managing cryptocurrency assets offline, providing a secure solution for protecting your funds. Cardano is supported by a range of hardware wallets, including:

Ledger Nano X: A popular hardware wallet offering support for multiple cryptocurrencies, including Cardano, with secure storage and easy transactions through a mobile or desktop app.

Trezor Model T: A high-end hardware wallet with a touch screen, providing secure storage and management of Cardano assets, along with multiple other cryptocurrencie

By using a hardware wallet for Cardano, you can be confident in the security of your assets, as the private keys are stored on the device, rather than on an exchange or a computer that could be vulnerable to hacking or theft. Additionally, hardware wallets typically offer an added layer of security through the use of passwords, biometrics, and other authentication methods.

For maximum security it is best practice to use a hardware wallet. Here are a few links that will help you set up and use hardware wallets as well as get a better understanding of how they work.

Store and stake Cardano on a Ledger Nano S -

Hardware wallets -

https://www.youtube.com/watch?v=Pp-uvb0NkY0
https://www.youtube.com/watch?v=ylrLPoTX6yc&t=1s