Ledger Live — Features & Workflow
Discover Ledger Live’s powerful features for managing multiple crypto assets safely. Learn how to perform daily activities such as sending, receiving, and monitoring your portfolio securely on desktop or mobile devices.
Key Ledger Live Features
Unified Portfolio
Track balances for multiple crypto assets in a single view. Switch between fiat and crypto units to monitor performance and valuations.
On-Device Confirmations
Every critical operation requires approval on your Ledger hardware wallet, ensuring protection against malware and phishing attempts.
Multi-Asset Management
Manage dozens of coins and tokens through dedicated apps, including Bitcoin, Ethereum, and many ERC-20 tokens.
Transaction Labeling
Annotate transactions with notes, categorize movements for budgeting, and organize portfolio history effectively.
Custom Fees
Set network fees manually or select recommended options to ensure timely transaction confirmations on blockchain networks.
Portfolio Insights
Analyze portfolio trends, visualize historic performance, and make informed decisions based on real-time data.
Daily Ledger Live Workflow
Start by connecting your Ledger hardware wallet and unlocking it with your PIN. Check your balances and recent transactions across all accounts. Generate fresh receive addresses before sharing with external parties and confirm on-device to prevent mistakes.
When sending crypto, paste the destination carefully, set appropriate fees, and confirm all transaction details on your device screen. Small test transactions are recommended for new recipients or large transfers.
Monitor your portfolio daily, label transactions accurately, and perform periodic security checks. Ledger Live provides an overview of account health, including firmware updates and app status.
Security Measures
Recovery Phrase Safety
- Write your 24-word recovery phrase offline and store it securely.
- Consider durable backups (metal storage) and keep multiple copies in safe locations.
- Never disclose your recovery phrase digitally or online.
Device & Computer Safety
- Update Ledger Live and device firmware regularly.
- Use strong passwords and secure computers or phones.
- Enable two-factor authentication where possible for extra security.
Frequently Asked Questions
Can Ledger Live manage multiple wallets?
Yes. You can manage multiple hardware wallets and accounts within the same Ledger Live application.
Is Ledger Live safe to use on mobile?
Yes. Ledger Live on mobile requires Bluetooth pairing or USB connection, with all sensitive actions approved on-device.
Can I track portfolio trends?
Ledger Live provides charts and performance metrics for all supported crypto assets, helping you monitor gains or losses.