You can store MKR (MakerDAO) tokens on Ledger Live with your preferred Ledger device and the Ethereum network as MKR is an ERC-20 token available on Ethereum blockchain.
Please download the last update of Ledger Live Application:
1. Ledger Live for Windows 10/11
2. Ledger Live for MAC
3. Ledger Live for Android
Below is a simple guide on how to store MKR tokens on Ledger Live.
Step #1: Set up the Ledger Live App
- Visit Ledger’s official website to download the latest version of the Ledger Live app.
Step #2: Install Ethereum App
- Launch the Ledger Live app then navigate to the Manager tab.
- Search for and find the Ethereum app in the app Catalog section.
- Click or tap on the install button next to the Ethereum app.
- Follow the on-screen prompts to install the Ethereum app on your preferred Ledger device (Stax, Nano S, or Nano X).
Step #3: Add Ethereum Account
- Go to the Accounts tab after launching Ledger Live.
- Click or tap on the Add Account subsection.
- Choose Ethereum then follow the on-screen prompts.
Step #4: Send MKR
- From Ledger Live copy out your Ethereum address.
- Transfer MKR tokens to the Ethereum address from other wallets or exchanges.
- Now your MKR tokens are securely and safely stored on Ledger Live.