How to store and manage Bitcoin runes with your Ledger device and Xverse wallet - brouillardrudd/Ledger-Fixes-Tips-325 GitHub Wiki

This article explains how to store and manage Bitcoin runes with your Ledger device connected to Xverse wallet. You can also use Xverse Wallet to store and manage Bitcoin ordinals, inscriptions and  BRC20 tokens.

Viewing and managing Bitcoin runes, ordinals, inscriptions and BRC20 tokens is not supported in Ledger Live for the moment.

What are Bitcoin Runes?

Runes are fungible tokens created using the Rune protocol on the Bitcoin blockchain, developed by Casey Rodarmor, who is also known for the ordinals standard. This protocol utilizes Bitcoin’s UTXOs (Unspent Transaction Outputs) for issuing and managing these tokens, and does not form a separate network or Layer 2 solution. Instead, it provides a streamlined alternative to other token systems on Bitcoin, aiming to reduce the creation of ‘junk’ UTXOs and associated costs. Runes can be minted and transacted directly through Bitcoin transactions following an initial “etching” process that establishes the token’s characteristics on the Bitcoin blockchain. Although runes are not supported in Ledger Live yet, they can be managed and traded by connecting your Ledger device to Xverse Wallet.

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

Before you start

  • Make sure to update Ledger Live to the latest version.
  • Make sure your Ledger device runs the latest OS (firmware) version. 
  • Make sure Chrome browser is installed on your computer or laptop.

Install the Bitcoin (BTC) app on your Ledger device

  1. Open Ledger Live and navigate to the My Ledger tab.
  2. Connect and unlock your Ledger device.
  3. If prompted, allow My Ledger to access your device.
  4. Search for the Bitcoin (BTC) app in the app catalog.
  5. Click the Install button to install the app on your Ledger device.

    • Your Ledger device displays Processing.

    • Ledger Live displays Installed. You’re done.

      images/18310261377181.png

Connect your Ledger device to Xverse Wallet

  1. Close Ledger Live

  2. Open your Chrome browser and go to xverse.app/download and download the Xverse extension. Ensure you get version 0.34.0 or higher.

  3. Once installed, start the Xverse extension and select ‘Create a new wallet‘.

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  4. Since you’re using a Ledger device, you don’t need a new seed phrase. Choose ‘Backup later‘.

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  5. Set and confirm your password, then click ‘Continue‘.

  6. Once your wallet is set up, go to Xverse and click on the ‘Account‘ button.

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  7. Choose ‘Connect hardware wallet‘.

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  8. Select the ‘Bitcoin & Ordinals‘ option and click on ‘I use Ledger Live with the device‘.

  9. On your Ledger device, open the Bitcoin app. Your device should display ‘Bitcoin is ready‘.

  10. Return to Xverse, click ‘Connect‘, and use your Ledger to verify and approve the Bitcoin payment and ordinal addresses shown.

    images/18310793009821.png  

  11. Finally, give your Ledger wallet a name and click on ‘Confirm‘. You’re all set!  

  12. Go back to Xverse and choose your Ledger-protected account, marked with the ‘Ledger‘ tag.

    images/18328257272605.png

    This account can be used to send, receive and transact runes on the Bitcoin network via your Ledger device and Xverse. Remember to use the address labeled ‘Ordinals, BRC-20 & Runes‘ to receive your runes.

    images/18328203292317.png

    To view received runes, navigate to ‘Manage token list‘ and select ‘Runes‘.

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