After purchasing your Ledger Wallet device, the first thing that you are supposed to do is install Ledger Live, the companion app of this wallet. This might make you wonder why you are supposed to do that.
Well, this is because it is nearly impossible to manage your cryptocurrencies through the small display of the Ledger device. Hence, the developers came up with the idea to develop a companion software for the wallet. And today, we know it by the name of Ledger Live.
Putting it extremely simple, this is the software application that works in close connection with the Ledger wallet so that crypto management can become easier. For example, if you have bought Ledger Nano S or Ledger Nano X, you will connect it to a device having the Ledger Live login app. This app will serve as the interface to help you manage your crypto and connect with a variety of blockchains securely.
You can find below the reasons to find out why installing Ledger Live for the efficient use of your wallet:-
• Wallet management- With it, you can easily manage, update, or configure your wallet and make sure that your device’s firmware is up-to-date.
• Manage crypto assets- The app helps you when you need to check your portfolio or transact the supported crypto assets.
• Ensure security- This software also helps you ensure that your private keys are intact and are not exposed to any crypto threats.
• Sign transactions- Whenever you make any transactions, it will prompt you to sign the transactions on your hardware wallet for instant verification.
• Interact with multiple assets- Using the app, you can easily view, manage, as well as interact with the supported crypto assets under a single roof.
Apart from the features that I have mentioned above, Ledger Live also comes into action when you wish to create a wallet backup or recover your wallet. Moreover, you can use it to stake your crypto for earning rewards or check your transaction history whenever you wish to.
After understanding the sheer importance of using this app, I’m sure you are interested in learning the app installation process. Follow the steps given below to get the authentic app on your device:-
1. Jump to the www.ledger.com/start website
2. This will take you to the Ledger Live installation page
3. Click on the button with the name of your operating system
4. You can install it on Windows, macOS, and Linux
5. Interestingly, you can also install it on your mobile by choosing the iOS or Android options
6. When the software is finally downloaded, run the installer
7. Begin the steps to set up your Ledger hardware wallet afterward
When you’re done installing Ledger Live on your device, you can proceed with the steps to set up your Ledger device (Ledger Nano S Plus, Ledger Flex, etc.)
1. Quickly unbox your original Ledger Wallet device
2. Power it on and connect it with a computer/mobile phone having Ledger Live
3. Select your Ledger device name
4. Pick the option saying “set up a new wallet”
5. Refer to the on-screen instructions and set up a new PIN for your wallet
6. Enter the same PIN once again to confirm it for a safe Ledger Live login
7. When you are shown the recovery phrase, write it down
8. Confirm the seed phrase on the Ledger device and start installing crypto apps
When done setting up your wallet and linking it with the Ledger app, the next step is to install the respective crypto apps. You can find the steps to do that right underneath:-
1. Open the Ledger Live app, perform Ledger Live login, and select “Manager”
2. Search for the crypto you wish to add to your wallet
3. When its respective app shows up, select the “Install” button for that Crypto
4. That’s how you can start managing that crypto in your wallet
Do you know that you can add multiple crypto accounts to your wallet so that managing them becomes easier? If you were unaware of that fact, check the steps below to do that:-
1. Open the Ledger Live application and go to the “Accounts” tab
2. If not logged in, perform Ledger Live login
3. Within this tab, select the “Add Account” button
4. Select the crypto for which you wish to add the account
5. On your Ledger device, you can confirm your action to add the account
6. Repeat the same process for adding more cryptos
It is not a hidden fact that cyber threats are lurking around us in different shapes and formats. To fight them back and keep our cryptos secure, having a wallet with industry-level security is a must. According to users’ reviews and feedback, Ledger Wallet can definitely serve this purpose. So buy it without further ado and manage it by installing Ledger Live, its companion app.
Open the app and select the “Send” option within the app. Choose the account from which you wish to send the crypto assets. Further, you need to enter the recipient’s wallet address, and the amount you’d like to send and click “Send.” Lastly, confirm the transaction in your Ledger device.
On your Ledger Live, choose the “Receive” button after Ledger Live login, and select an account to generate your wallet address. Share the generated QR code or address with the sender.
After opening Ledger Live, click on the “Manager” tab and see if an update is available. Click “update firmware” to install the latest firmware updates.
Yes, you can do so by selecting the “Stake” option on your Ledger Live app. Choose the stake option for your preferred crypto, choose a validator, and enter the staking amount. Wait for the rewards.