Ledger Live App: Buy, Sell, Stake and Swap Crypto
Ledger Live is a free app that lets you securely buy, store, send and swap thousands of coins and NFTs with a Ledger crypto wallet. You can also track your portfolio, stake …
Last updated
Ledger Live is a free app that lets you securely buy, store, send and swap thousands of coins and NFTs with a Ledger crypto wallet. You can also track your portfolio, stake …
Last updated
Ledger Wallet users are supposed to download an application on their devices which ultimately helps them to enjoy all the features and functions of the Ledger hardware wallet. To put it short, we can say that Ledger Live is the ultimate storehouse of everything that you will eventually do on your Ledger device. This means, accessing any of the features of the Ledger device is impossible without installing the Ledger Live Wallet app. So, it does not matter whether you are using Ledger Stax, Ledger Nano X, or Ledger Nano S Plus, you should download this must-have app. The app is exclusively available for desktop and mobile phone users. Keeping that aside, let's now take a look at different aspects related to using the Ledger Live Wallet.
Being a proactive user in the crypto world calls for some great responsibilities among which safeguarding crypto assets is the primary. Though most of us choose to go ahead with hot crypto wallets because they are free of cost, however, if you are serious about the safety of your crypto assets, then I would suggest you choose a cold storage. Among cold storage options, one wallet that excels in every aspect is the Ledger Wallet. This hardware wallet stores the private keys of our crypto assets in a completely offline manner. This means that all our private keys are kept away from the reach of hackers posing less threat to the safety of our funds.
You can extract the latest version of the Ledger Live wallet directly from the Ledger official website. As of February 26, 2024, the latest version of Ledger Live is 2.77.2. In case you have a Ledger Live app lower than this version, then you can certainly install the latest version of the software on your device. Currently, Ledger Live is available for installation on different operating systems such as:
Windows
macOS
Linux
iOS
Android
Whether you wish to install the Ledger live desktop app or the mobile-friendly Ledger wallet app, the procedure that you need to follow for the same is given below:
From a browser on your device, go to the Ledger Wallet official website
The URL for the same is- https://www.ledger.com/ledger-live
Choose the download option for your current operating system
Soon the installation will begin and will be completed in a few moments
You then need to run this file and then complete the setup process
For setup, you need to connect your Ledger hardware device to your PC/Mobile
As said in the last step of the previous section, post the installation of Ledger Live, you can take a few easy steps to connect your Ledger hardware device with the Ledger Live Wallet. The steps below will help you connect some popular Ledger models such as Ledger Stax, Ledger Nano X, and Ledger Nano S Plus:
Using the given cable, connect your Ledger device to your phone or PC
Now, launch the Ledger Live application on your device
Follow some easy on-screen instructions
Set up and configure Ledger Live as you want
Create a new account or import your existing account
Further, you need to install the application based on the crypto assets that you'd like to add to your wallet.
Ledger Live wallet supports thousands of crypto coins and tokens which means that it definitely supports some popular crypto assets such as Bitcoin, Ethereum, and Tether. Since the list is very long, you can easily check it on the official website of the platform. But, some of the most popular cryptocurrencies that it supports are listed below:
Bitcoin (BTC)
Ethereum (ETH)
Ripple (XRP)
Litecoin (LTC)
Bitcoin Cash (BCH)
Polkadot (DOT)
Chainlink (LINK)
Cardano (ADA)
Stellar (XLM)
Solana
Tezos (XTZ)
Various ERC-20 tokens and more...
After you have installed the Ledger Live Wallet app on your device and have set up your wallet with it, then you can take a few easy steps to log into your wallet account. For this purpose, we have written down the easy steps below:
Open the Ledger Live that you have linked with your Ledger device
If prompted, enter the password you had set up during the wallet creation
Then, make sure that you are on the "Wallet" tab
Thereafter, you can choose the "See All Assets" button
Now, you will be able to access your wallet account
Don't panic if you have lost access to your Ledger Wallet account. You can always get back to your account using the wallet's Secret Recovery Phrase. Otherwise, you can also use the Ledger Backup Pack to regain account access on the go. But, if you have the seed phrase, then you can check out the steps listed below:
First, you need to press the two buttons next to the USB port on your Ledger wallet
Wait for the Ledger Logo to appear on your screen
Now, press the right button on the device to go ahead and the left one to go back
Following this, press the two buttons simultaneously when you see the "Restore from recovery phrase" option
After this, you need to choose a new PIN for your wallet
Lastly, enter the Secret Recovery Phrase carefully to complete the restoration
When you navigate to https://www.ledger.com/start, you will see the complete collection of different Ledger Wallet models. Alongside the availability of Ledger wallet models, you will also see the presence of Ledger Family Pack S Plus, Ledger Nano X OnChain, and The Privacy Protection Pack. On this webpage, you can simply expand the "Products" list present at the top of the page. Thereafter you can begin comparing different wallets based on their features, pricing, size, usability, and everything else. This will help you decide which Ledger Wallet model will be suitable for you. In addition to that, you can also check out the ledger wallet reviews that will give you a deep insight into various reasons for using a ledger hardware wallet.
Cold wallets are those wallets that are present in the form of a hardware device. Since Ledger Wallet is a hardware wallet device, it is counted as a cold wallet which helps keep all your crypto assets offline. The main reason why one should choose a Ledger wallet is because it is a hardware wallet and has no presence online.
In my opinion, Ledger Live Wallet is the soul of Ledger hardware devices. In case you are new to this wallet, then you need to understand the fact that installing Ledger Live is a must. If you are also planning to use Ledger Wallet for the safe storage of your assets, then you go through this guide where I have talked about different related topics at length.
