You can download Ledger Live for Windows, Mac OS and Linux from the Ledger website. Select an application from the menu to go to the download page, then download the application and finally install it.
The Ledger Live home screen is a simple “Welcome to Ledger Live” message. Choose start to continue.
With Ledger Live, you can set up a new Ledger device, restore a previously initialized Ledger device, or use an already initialized Ledger device. We decided to use the Ledger device, which has already been initialized. But if you need to initialize a new Ledger device, check out our step-by-step installation guide for the new Ledger Nano S.
There are four steps to connect your Ledger device to Ledger Live. First choose whether to use Ledger Nano S or Ledger Blue with Ledger Live. Please note that in the end you can configure Ledger Live with multiple Ledger devices.
Next Ledger Live is undergoing security checks. Each Ledger device has a pin code to access the device and a recovery phrase to restore the device if it is lost. Ledger Live will confirm that you have selected your PIN and saved the recovery phrase yourself. Ledger Live will also verify the authenticity of your device. Select "Check Now" to continue the installation process.
To complete the authentic test, connect and unlock the Ledger device, go to the front control panel of your Ledger device and press the button on your Ledger device to enable the Ledger Manager.
Verified authentic device
Choose to continue after your Ledger device is verified as authentic.
Ledger live password
Set a password to access Ledger Live and protect yourself from unauthorized access to Ledger Live data stored on your computer.
Share anonymous data
Your Ledger device is almost configured with Ledger Live. As a final step, decide whether to provide anonymous technical, analytical, and error data.
The device is ready!
Your Ledger device is now ready for use with Ledger Live. Choose “Open” to start managing your cryptocurrency with Ledger Live.
When you first open Ledger Live, you are reminded of the need for safe trading, given the changing nature of cryptoactive assets. Select received to continue.
An account in Ledger Live means a cryptoactive, connected to one Ledger device. Select add accounts to start adding your crypto assets to Ledger Live. The crypto-asset application must be installed on your Ledger device before you can add an account for this crypto asset. The following sections of this tutorial discuss using the dispatcher to add applications to the Ledger device.
Select Crypto-Asset to add
Ledger Live displays a simple popup window for adding a cryptoactive account. Select a cryptoactive to add from the drop down menu. We decided to add ether.
Add account from device
Then connect / unlock the Ledger device and open the Ledger application for the corresponding cryptoactive.
You can add an account using the existing balance or add a new account. You can also rename an existing or new account. In this guide, we added an existing account with 0.2204 ETH and called it "Ethereum 2." Ledger Live Add - Account Name
That's all it takes to add a cryptoactive account to Ledger Live. Choose to add more if you have other crypto assets or close to go to your portfolio.
Your portfolio will be updated immediately with your new account. For example, our portfolio now shows a balance of $ 96.22 and displays our ethereum account in the left menu and under the portfolio chart. Now that we have added an account, let's go through each section of Ledger Live.
In the Ledger Live portfolio section, you can view account balances and transaction history. It shows each cryptoactive account tracked in the last week, month or year. For example, our total portfolio of ethereum and litecoin is tracked lower for the last month with a total current balance of $ 231.19. By clicking on any individual cryptoactive account under the chart, Ledger Live will display the balance of that particular account on the main chart for the last week, month, or year. Scrolling down will also take you to the list of your transaction history (not shown below). Finally, notice that the green synchronized checkmark is displayed in the upper right corner when account balances are updated.
In the exchange section, Ledger Live provides recommendations on the use of cryptocurrency exchanges. We were disappointed in this section, because there are no exchanges in Ledger Live yet. In contrast, Keepkey hardware wallets integrate with Shapeshift for the exchange of crypto assets. We see many opportunities to improve this opportunity in Ledger Live thanks to the technological advances of exchanges such as Radar Relay and DDEX, which already allow wallets to be traded to wallets.
In the “Manager” section, you can install and remove cryptoactive apps on the Ledger device, which are necessary if you want to send and receive cryptoactives using Ledger Live. To use the "Manager" section, connect / unlock the Ledger device, go to the front control panel of your Ledger device and select to enable the use of the manager from the Ledger device.
Manager - Application Catalog
The application catalog displays all potential applications for installation on a Ledger device. You probably should first install the bitcoin application, because many other applications depend on the first installation of the bitcoin application.
Manager - Install Application
Click the install button next to any application to install it. For example, we decided to install a bitcoin application.
Manager - the application is installed
Ledger Live displays a notification confirming that the application is installed after the process is complete.
Receive crypto assets
The receiving section is the place where you get the public address for your crypto asset. Then you can copy this public address to any cryptocurrency wallet, exchange or other service to send cryptocurrency to your Ledger device. Use the drop-down menu to select the cryptoactive that you want to receive.
Receive - using the device
Your Ledger is used to authenticate the resulting address displayed by Ledger Live. Connect / unlock the Ledger device and open the corresponding encryption application. Then click continue when two checkboxes appear.
Receive - confirm address
There are potential attacks when a hacker changes the receiving address displayed by Ledger Live. To avoid this, you must make sure that the address displayed on your computer matches the address displayed on your Ledger device.
Get - Copy Address
Now copy the receiving address or scan the QR code to get the address. You can use this receiving address with other wallets, exchanges, or other services to send a cryptoactive asset to your Ledger account.
The sending section allows you to send crypto assets to other wallets, exchanges and other services. You must enter your transaction data, connect / unlock the Ledger device and check the transaction using the Ledger device.
Send - enter data
Select the account of the cryptoactive asset to send, enter the recipient's address and enter the amount to send. Depending on the crypto asset, additional information will be entered. For example, in this guide we send $ 100.00 etherium, and therefore we need to set a fee for the network. Ledger Live offered to pay a network fee of 40 gvei, which corresponded to a relatively quick transaction in accordance with current information from ETH gas stations. Select continue after entering all necessary transaction information.
Send - connect device
Connect / unlock the Ledger device and open the corresponding application to continue sending your cryptoactive.
Send - confirm the transaction
Review the transaction on the Ledger device and press the right button to complete the send transaction.
Submit - Confirmation
Ledger Live will display a confirmation screen that the transaction has been sent. Choose to view transaction details to view more detailed information and view the transaction in Block Explorer.
This Ledger Live walkthrough has covered the use of Portfolio, Manager, Exchange, Shipment, and Receiving sections in Ledger Live. The last section to review in Ledger Live is the general settings. In the settings you can specify the specified currency, tariff provider and language to be used in Ledger Live. You can also change your password and decide what anonymous information to share with Ledger.