How to manage Stellar (XLM) custom tokens with Ledger

This article explains how to manage custom XLM tokens with Ledger.

Before you start

• Set up and connect Ledger Live with your Ledger device.
• Update the firmware on your Ledger Nano S / Nano S Plus / Nano X.
• Download the XLM app to your Ledger device and add an XLM account in Ledger Live. Learn more here. 

Manage your XLM tokens

We recommend using StellarX to manage XLM tokens. 

Note: when using StellarX you will need a total of 2 XLM (for reserves).

Send a minimum of 1 XLM to your new StellarX account to activate it. This 1 XLM will remain locked. StellarX takes an additional 1 XLM reserve which is locked as well. 

Trustlines open automatically if swapping Stellar assets via StellarX.
Each trustline costs .5 XLM to open (which is done automatically if swapping XLM via StellarX). Trustlines can be closed once you no longer have any of the given token, returning the .5 XLM back to you. Learn more about trustlines here. 

Using StellarX with Ledger

After downloading the XLM app and adding your XLM account, you're ready to connect to StellarX. Keep in mind that even though you'll be managing and interacting with the XLM token in StellarX, the tokens are still secured with Ledger.

Connecting to StellarX

1. Go to StellarX.
2. On your Ledger device, open the XLM app. 
3. Go back to StellarX and click Connect Wallet in the top right corner.
4. Select Ledger. A pop-up window will show up.
5. Select your Ledger device and click Connect. 

That's it! 

Swapping with StellarX

1. Open the Stellar (XLM) app on your Ledger device.
2. Go to StellarX.
3. Click the Swap tab.
4. Enter the assets you want to swap.
5. Click Swap assets.
6. Review and confirm the transaction with your Ledger device. 

That's it! You've just swapped XLM tokens.

Sending XLM 

1. Open the Stellar (XLM) app on your Ledger device.
2. Go to StellarX.
3. Navigate to the Wallet tab.
4. Click Swap. 
5. Enter the destination address (public wallet address).
6. Click Continue.
7. Enter the amount and the type of XLM asset you'd like to send.
8. Tick the memo tag box and enter the memo tag (if applicable). To learn more about how memo tags work, click here.
9. Click Continue.
10. Choose the network. In this case, it's most likely the XLM network.
11. Click Continue.
12. Review the information on the screen and click Submit.
13. Carefully review the transaction on your device and finalize it.

That's it! Your XLM tokens have been sent.

Still have questions?

Feel free to reach out to StellarX support or Ledger support for further guidance.