Ledger Live Tutorial

Safe crypto management guide

Tutorial Sections

Safety First

Never share your recovery phrase with anyone!

Ledger Live Wallet Tutorial: Track, Send & Receive Crypto Safely

Learn how to securely manage your cryptocurrency with Ledger Live. This comprehensive guide will walk you through every step of tracking your portfolio, sending and receiving crypto safely.

Beginner Friendly
Step-by-Step Guide
Security Focused

Getting Started

Step 1: Download Ledger Live

Visit the official Ledger website and download Ledger Live for your operating system. Always download from the official source to ensure security.

Available for Windows, Mac, and Linux

Step 2: Connect Your Ledger Device

Connect your Ledger hardware wallet to your computer using the USB cable. Make sure your device is unlocked and the Bitcoin or Ethereum app is open.

Ensure stable USB connection

Step 3: Set Up Your Accounts

Follow the on-screen instructions to add your cryptocurrency accounts. Ledger Live will automatically detect supported cryptocurrencies on your device.

Track Your Portfolio

Ledger Live provides a comprehensive dashboard to monitor your cryptocurrency holdings in real-time.

Portfolio Overview

View total balance, individual coin holdings, and percentage allocations in one place.

Price Tracking

Monitor real-time price changes and historical performance of your assets.

Key Features:

  • Real-time balance updates
  • Transaction history
  • Performance analytics

Send Crypto Safely

Important

Always double-check recipient addresses. Crypto transactions cannot be reversed!

Step 1: Select Send

Click the "Send" button in your Ledger Live dashboard and choose the cryptocurrency you want to send.

Step 2: Enter Recipient Details

Carefully enter the recipient's wallet address and the amount you want to send. Use the QR code scanner for accuracy.

Step 3: Confirm on Device

Review all details on your Ledger device screen and confirm the transaction by pressing both buttons simultaneously.

Receive Crypto

Receiving cryptocurrency is simple and secure with Ledger Live. Each transaction generates a unique address for enhanced privacy.

Step 1: Click Receive

Select "Receive" from your dashboard and choose the cryptocurrency account you want to receive funds into.

Step 2: Verify Address

Ledger Live will display a receiving address. Always verify this address on your Ledger device screen for security.

Step 3: Share Address

Copy the verified address or share the QR code with the sender. Your funds will appear in your account once confirmed on the blockchain.

Pro Tip

Each receive operation generates a new address for better privacy, but old addresses remain valid forever.

Essential Safety Tips

Never Share

  • • Recovery phrase (24 words)
  • • PIN code
  • • Private keys

Always Verify

  • • Addresses on device screen
  • • Transaction amounts
  • • Recipient details

Best Practices

  • Keep your Ledger device firmware updated
  • Store recovery phrase in a secure, offline location
  • Use official Ledger Live app only
  • Start with small test transactions

Frequently Asked Questions

What if I lose my Ledger device?

Your funds are safe! Use your 24-word recovery phrase to restore your wallet on a new Ledger device or compatible wallet.

Can I use Ledger Live on mobile?

Yes! Ledger Live is available on iOS and Android. You can manage your portfolio and receive crypto, but sending requires your Ledger device.

How long do transactions take?

Transaction times depend on network congestion and fees. Bitcoin typically takes 10-60 minutes, while Ethereum takes 1-5 minutes.