What is Ledger Live?
Ledger Live is the desktop and mobile application provided by Ledger to manage hardware wallet devices and interact with cryptocurrencies. It acts as an interface for viewing balances, sending and receiving assets, installing application support on your Ledger device, and tracking your portfolio in one place.
Key features
- Portfolio view — See all your crypto holdings and performance at a glance.
- Send & Receive — Create transactions securely using your Ledger device to sign.
- App Manager — Install or remove blockchain apps on your Ledger hardware device.
- Staking & Swaps — Access third-party services (where available) to stake tokens or swap between assets while keeping your keys offline.
- Device management — Firmware updates, device settings, and backup recovery guidance.
Setup (simple steps)
- Download Ledger Live from the official Ledger website and install it.
- Create or restore a Ledger device: choose a new device, write down your recovery phrase on the supplied card, and set a PIN.
- Open Ledger Live and add accounts for the cryptocurrencies you hold.
- For sending transactions, always verify addresses on the physical device screen before confirming.
Security best practices
Security is the central reason to use a hardware wallet. A few practical safeguards:
- Buy devices only from trusted sources—avoid used or third-party resold units.
- Keep your recovery phrase offline and never share it. Ledger will never ask for it.
- Use a strong PIN and enable any available device-level protections.
- Verify transaction details on the device screen before approving—software can be compromised but the device display is your source of truth.
- Regularly update Ledger Live and device firmware from official channels.
Everyday tips
- Use separate accounts for different purposes (savings, trading, staking) to reduce risk and improve clarity.
- Keep a small hot-wallet for frequent small transactions; store long-term holdings on Ledger.
- Check network fees before sending; Ledger Live typically shows suggested fees but double-check for speed/cost balance.
- Enable transaction notifications on mobile to spot unexpected activity quickly.
Supported assets
Ledger Live supports hundreds of cryptocurrencies directly and via third-party integrations. For niche or new tokens, Ledger Live may offer add-on support or require interacting through a compatible wallet that connects to your Ledger device.
Final thoughts
Ledger Live combines a simple interface with the security of a hardware wallet. It is best used as the central hub for managing offline-held assets while combining careful security habits. Minimal, deliberate steps and regular software maintenance will keep your crypto holdings safer over time.