I’m a HODLER do I need to upgrade my Ledger Live?

This is a common question that many people who own Ledger devices ask. Is it essential to always upgrade the firmware if you don’t plan on making a trade soon?
The simple answer to this is yes, it is imperative to stay up to date on Ledger firmware as it can potentially save you from losing all your coins in a device exploit.
Some recent Ledger Live updates have left users angry with buggy installs and errors, which has led many people to believe that upgrading should be ignored.

Introduction

Today we are going to talk about the crucial reasons why you should upgrade each time Ledger Live comes out with a new version.

Most of the Ledger Live issues can be resolve by updating Ledger Live application!

Download last version Ledger Live for:

Ledger Live
Ledger Wallet

Reasons it is important

New UX

Ledger Live is always working towards making better graphical interphases for users, and so if you don’t upgrade, then you will not be able to interact with these new updates. If you are not upgrading, then you will need to learn a lot of the new implementations all at once when you are finally forced to upgrade.

Patched Exploits

Not that it happens very often, but if an exploit is found with an older version, then Ledger will create a patch within the upgraded version. If you don’t upgrade, then you are susceptible to being exploited and could lose all your coins.

Advanced trading tools

Ledger Live always adds new tools that you can use to make your trading experience better, and so even if you don’t plan on trading your cryptocurrency, other tools are upgraded that would be beneficial to you.

Buggy

If you don’t upgrade, then your current version could end up getting very buggy, and you might find yourself running into errors every single day. If you don’t have the put to date version of Ledger, then you are just complicating the entire process.

Trading convenience

If you suddenly want to make some trades because the market moved, you likely won’t be able to make the trade immediately. Chances are if you don’t upgrade, you will have a long lengthy upgrading process that you will need to learn to trade.

Conclusion

Even if you don’t want to trade cryptocurrency, you should still upgrade to each Ledger version because it will save you a lot of headaches. Ledger makes upgrades a priority, and they listen to the community suggestions, so it is vital to follow along and install the latest firmware and upgrades.