Ledger Live allows you to add accounts for different cryptocurrencies. Each account represents a specific blockchain and requires installing a corresponding app on the Ledger device.
Installing apps does not affect existing funds. Apps can be removed and reinstalled without losing assets, as funds are tied to the recovery phrase rather than the device memory.
Ledger supports a wide range of cryptocurrencies, enabling users to manage multiple assets from a single device.
To receive cryptocurrency, generate a receiving address within Ledger Live and verify the address on the Ledger device screen. This verification step ensures that the address displayed has not been altered by malware.
To send cryptocurrency, enter the transaction details in Ledger Live. The transaction must be physically approved on the Ledger device, ensuring that no transaction can occur without user consent.
This physical confirmation is a key security feature of Ledger hardware wallets.
Ledger periodically releases firmware updates to improve security and functionality. These updates can be installed through Ledger Live while keeping private keys secure.
Always follow official update instructions and ensure your recovery phrase is backed up before performing updates.
Keeping your firmware up to date helps protect against newly discovered vulnerabilities.
For long-term asset protection, store your recovery phrase in a fireproof and waterproof location if possible. Some users choose to create multiple backups stored in separate secure places.
Never purchase Ledger devices from unofficial sellers. Pre-owned or modified devices can be compromised.
Do not share screenshots of your Ledger Live dashboard or recovery phrase. Be cautious of phishing emails or fake support messages pretending to be Ledger.
Following official guidance helps prevent most security issues.
Ledger.com/Start is the official setup page that guides users through initializing and securing a Ledger hardware wallet.
Yes, Ledger Live is required for setup, account management, firmware updates, and transaction monitoring.
Yes, you can install Ledger Live on multiple devices and use the same Ledger wallet securely.
Your funds can be restored on a new Ledger device using your 24-word recovery phrase.
Yes, Ledger devices are designed to be user-friendly while offering advanced security features.
Ledger does not charge transaction fees, but blockchain network fees apply.
Yes, resetting the device will erase it, but funds can be restored using the recovery phrase.