How To Manage DMT On Ledger Using MEW
Since its launch in 2017, DMarket (DMT) has become the world’s first cross-game blockchain-based marketplace for trading in-game items and turning them into real assets.
Because DMT is built and operates on the Ethereum blockchain, it inherits some functionality of an Ethereum token. This means that as an ERC20 token, DMT can be stored on a Ledger hardware wallet with full account management under the Ethereum account. However, similar to how Ethereum can be managed by external wallets, not just by the Ledger Live app, ERC20 tokens too, can be managed by similar external wallets such as the MyEtherWallet (MEW).
Today, we are going to walk you through the steps to set up MEW with your Ledger device, so you can manage your ERC20 token balance.
Before you begin: You will need to have an initialized Ledger hardware wallet, plus the Ethereum app already installed on your Ledger device. You also need to have the Ledger Live application downloaded and installed on your device.
Make sure you are using the latest version of Ledger Live.
How to get Ledger and MEW connected
Step #1. Visit the MyEtherWallet from the main page here, and scroll until you see the ‘Access Now’ button as per the image below.
Step #2. Next, press the ‘Hardware’ wallet as shown below.
Step #3. This brings up a new window where you need to select ‘Ledger’ and then ‘Continue’ as depicted below.
Step #4. Choose the Ethereum app you opened on your Ledger, use the default address, and then click ‘Next’.
Step #5. Keep the network as it is, select an address, then accept the terms and conditions, and finally press on the ‘Access My Wallet’ button.
Now, all that is needed is to add the ERC20 token of interest by following the next instructions.
#1. Access your wallet as per Steps 1–5, outlined above.
#2. In the default token search bar, search ‘DMT’, load the token and that’s yet.
Conclusion
Like many cryptocurrencies, DMarket is a fast emerging cryptocurrency. While DMT owners are able to manage their funds directly using the Ledger Live app, the MEW provides that extra account management flexibility when you need it. Use this guide to learn how to connect your Ledger device to the MEW. Enjoy!
