diff --git a/contrib/requirements/requirements-hw.txt b/contrib/requirements/requirements-hw.txt
index 2a6f7d980..a0a8a4c8b 100644
--- a/contrib/requirements/requirements-hw.txt
+++ b/contrib/requirements/requirements-hw.txt
@@ -14,7 +14,7 @@ hidapi>=0.7.99.post15
 libusb1>=1.6
 
 # device plugin: ledger
-ledger-bitcoin>=0.2.0,<1.0
+ledger-bitcoin>=0.4.1,<1.0
 hidapi
 
 # device plugin: coldcard
diff --git a/electrum/plugins/ledger/ledger.py b/electrum/plugins/ledger/ledger.py
index 5dcc56c78..f00497f46 100644
--- a/electrum/plugins/ledger/ledger.py
+++ b/electrum/plugins/ledger/ledger.py
@@ -1251,7 +1251,7 @@ class Ledger_KeyStore(Hardware_KeyStore):
 
 class LedgerPlugin(HW_PluginBase):
     keystore_class = Ledger_KeyStore
-    minimum_library = (0, 2, 0)
+    minimum_library = (0, 4, 1)
     maximum_library = (1, 0)
     DEVICE_IDS = [(0x2581, 0x1807),  # HW.1 legacy btchip            # not supported anymore (but we log an exception)
                   (0x2581, 0x2b7c),  # HW.1 transitional production  # not supported anymore