What is Ledger Live Wallet?

Ledger Live is the official companion application for Ledger hardware wallets, providing a secure platform to manage your cryptocurrency portfolio. This powerful desktop and mobile application allows you to check your balances, send and receive crypto, buy coins through partner services, and grow your assets with staking and lending options.

Unlike web-based wallets, Ledger Live works in conjunction with your Ledger hardware device to ensure your private keys never leave the secure element of your device, providing unparalleled security for your digital assets.

Key Features of Ledger Live

Portfolio Overview

Get a complete view of all your cryptocurrency holdings in one dashboard with real-time price tracking and portfolio performance analytics.

Secure Transactions

Send and receive cryptocurrencies with the confidence that your private keys remain protected on your Ledger hardware device.

Buy & Sell Crypto

Purchase cryptocurrencies directly through Ledger Live using integrated partner services with various payment methods.

Staking & Earning

Earn rewards on your crypto holdings through staking and lending options available for supported assets.

Getting Started with Ledger Live

Setting up Ledger Live is a straightforward process that ensures the security of your cryptocurrency assets:

  1. Ledger Live Download: Visit the official Ledger website to download Ledger Live for your operating system (Windows, macOS, or Linux).
  2. Installation: Follow the installation instructions for your platform to set up Ledger Live Desktop on your computer.
  3. Initial Setup: Launch the application and follow the on-screen instructions to initialize your Ledger Live Wallet.
  4. Connect Your Device: Connect your Ledger hardware wallet via USB and follow the prompts to synchronize with Ledger Live.
  5. Ledger Live Login: Create your account credentials or log in if you're an existing user.
  6. Add Accounts: Add cryptocurrency accounts for the assets you wish to manage through the application.

For mobile users, Ledger Live App is available for both iOS and Android devices, providing similar functionality with a mobile-optimized interface.

Official Ledger Resources

Frequently Asked Questions

Is Ledger Live Wallet free to use?

Yes, Ledger Live is completely free to download and use. The only cost associated is the initial purchase of a Ledger hardware wallet device.

Can I use Ledger Live without a Ledger device?

No, Ledger Live requires a Ledger hardware wallet to function. The application is designed specifically to interface with Ledger's secure hardware devices.

What cryptocurrencies does Ledger Live support?

Ledger Live supports over 1,800 cryptocurrencies and tokens, including Bitcoin, Ethereum, XRP, and many ERC-20 tokens. The list of supported assets continues to grow with regular updates.

How often should I update Ledger Live?

It's recommended to keep Ledger Live updated to the latest version to ensure you have the latest security patches and features. The application will notify you when updates are available.

Is my data backed up with Ledger Live?

Ledger Live stores your transaction history and account information locally on your device. However, your cryptocurrency assets are secured by your 24-word recovery phrase from your Ledger device, which serves as your ultimate backup.