Ledger Live — Secure Wallet & Portfolio Manager

Manage cryptocurrencies securely and monitor your portfolio using Ledger Live.

Estimated reading
~10 minutes • 1800 words

Introduction

Ledger Live is the companion application for Ledger hardware wallets. It allows secure crypto management, portfolio monitoring, sending and receiving assets, and installing apps for multiple cryptocurrencies.

Installation

  • Visit ledger.com/ledger-live and download the application for your OS.
  • Install and open Ledger Live.
  • Connect your Ledger hardware wallet via USB.

Device Initialization

  • Set up your Ledger device with a secure PIN.
  • Record your 24-word recovery phrase safely.
  • Verify the recovery phrase immediately on a separate device if possible.

Portfolio Overview

  • View your crypto holdings and total portfolio value.
  • Monitor performance with charts and historical data.
  • Manage multiple accounts and cryptocurrencies.

Send & Receive Crypto

  • Always verify addresses on the Ledger device before confirming transactions.
  • Use new receiving addresses for enhanced privacy.
  • Sign transactions only on your Ledger device.

App Management

  • Install applications for supported cryptocurrencies.
  • Update apps as new versions become available.
  • Uninstall unused apps to free up device space.

Security Best Practices

  • Keep firmware and Ledger Live up-to-date.
  • Never share your PIN or recovery phrase.
  • Verify transactions on your device screen.

Summary

Ledger Live combined with a Ledger hardware wallet offers a secure, easy-to-use platform for managing cryptocurrencies. Always follow security protocols, keep backups, and monitor your portfolio for safe crypto management.