What Ledger Live (Ledger Wallet™) does
Ledger Live is the desktop and mobile application that acts as the user interface to Ledger’s hardware wallets. With a Ledger device you keep your private keys offline (on the device) and Ledger Live lets you view balances, create and manage accounts, sign transactions, buy/sell/swap crypto via integrated providers, stake supported assets, and connect to third-party dApps when needed. Always download Ledger Wallet / Ledger Live from the official Ledger domain for safety. :contentReference[oaicite:0]{index=0}
Core features at a glance
Hardware-backed security
Private keys remain inside a secure element on the Ledger device; the app merely prepares and shows transactions for you to confirm on-device.
Portfolio & analytics
Overview of holdings, P&L, price charts and historical performance across all supported assets.
Buy, Swap, and Earn
Integrated on-ramps and swap providers let you buy and convert crypto within the app and stake supported tokens to earn rewards.
App & firmware management
Install blockchain-specific apps on your Ledger device and perform secure firmware updates through Ledger Live.
Supported assets
Ledger devices + Ledger Live support thousands of cryptocurrencies and tokens (including major chains — Bitcoin, Ethereum, XRP, Monero, many ERC-20 tokens, and more). The supported asset list is regularly updated; check Ledger’s supported-assets page for the latest coverage. :contentReference[oaicite:1]{index=1}
Security best practices
Never reveal your recovery phrase to anyone. Ledger will never ask for your 24-word recovery phrase. Download Ledger Live only from the official Ledger domain to avoid fake applications and malware. There have been active campaigns distributing counterfeit Ledger apps that steal seed phrases — vigilance is critical. :contentReference[oaicite:2]{index=2}
Why choose a hardware-backed manager?
Managing crypto from a hardware-backed wallet combines the convenience of a modern app with the security of offline key storage. Transactions are constructed in the app but must be approved on the physical device, meaning malware on your computer can't sign a transaction without your physical confirmation. For many users this model strikes the best balance between usability and security when dealing with sizeable holdings.
Good fit for:
- Users holding meaningful crypto value and wanting stronger protection for keys.
- Investors using multiple chains who want a single, auditable portfolio view.
- Anyone using staking or DeFi but who wants hardware-backed transaction signing.
Not a replacement for personal security hygiene
Hardware wallets reduce some risks but do not remove the need for good habits: avoid phishing links, keep firmware and the Ledger Wallet app updated from official sources, use a secure machine, and store your recovery phrase offline in a safe place.
Tip: If any app asks for your recovery phrase or a one-time "seed verification" outside the device UI, treat it as a scam and disconnect immediately.
Installing Ledger Wallet (formerly Ledger Live)
Ledger’s documentation walks through installing the app for macOS, Windows, Linux, Android and iOS. Use the official Ledger download page to get the correct installer for your OS. :contentReference[oaicite:3]{index=3}
Integrations & ecosystem
Ledger Wallet integrates with multiple third-party wallets and dApp providers (for instance MetaMask, Phantom, Electrum depending on the chain) so you can use hardware keys while interacting with decentralized applications. Ledger also partners with on-ramp and swap providers to let users buy and swap crypto from within the app.
When you might connect a third-party wallet
If you want advanced DeFi interactions not directly supported within Ledger Wallet, you can connect your Ledger device to compatible wallets — transactions still need on-device confirmation, preserving the security model.
Connectivity note
Ledger devices may use USB or Bluetooth (model dependent) to talk to your phone/desktop. Always pair devices in a secure environment and confirm the device fingerprint when prompted.
FAQ — Frequently Asked Questions
1. Is Ledger Live free to use?
- Yes — the Ledger Wallet app itself is free. You only pay network transaction fees and any fees charged by integrated on-ramp or swap providers.
2. Can I import a software wallet into Ledger?
- Ledger is designed to keep private keys on the device. You can migrate funds by sending them from a software wallet to an account managed by your Ledger device — do not import your recovery phrase into software wallets.
3. What happens if I lose my Ledger device?
- Your funds can be recovered using your recovery phrase on a new Ledger device or any compatible hardware wallet — provided you have the recovery phrase safely stored.
4. Does Ledger support staking?
- Yes — Ledger Wallet shows staking options for supported assets so you can delegate or stake directly (via integrated services) and monitor rewards. Availability depends on the asset and region.
5. How many coins does Ledger support?
- Ledger’s supported list covers thousands of coins and tokens (including large ecosystems and ERC-20 tokens). Check the supported-assets page for the current list because it is updated regularly. :contentReference[oaicite:4]{index=4}
6. Is Ledger Live the same as Ledger Wallet™?
- Ledger’s ecosystem references the desktop/mobile app as Ledger Wallet™ in some places (the app formerly known widely as Ledger Live). The core idea remains the same: it's the official Ledger companion app. :contentReference[oaicite:5]{index=5}
7. How do I avoid fake Ledger apps?
- Only download the app from Ledger’s official site. Do not follow links from random emails or social posts; verify domain and HTTPS certificate, and watch for unnatural installers or requests for your recovery phrase. There have been reported campaigns distributing counterfeit Ledger apps — if in doubt, consult Ledger’s official support. :contentReference[oaicite:6]{index=6}
8. Can Ledger Live be used without a Ledger device?
- No — the security model depends on signing transactions via the Ledger hardware device. Ledger Wallet is intended to be paired with a Ledger hardware wallet for private key protection.
9. Is my data shared with Ledger?
- Ledger collects minimal telemetry to improve the product, but private keys never leave your device. For specifics, review Ledger’s privacy policy on their site.
10. Where can I find official help?
- Ledger’s official support pages and documentation on the Ledger domain are the best first stop. For downloads and start guides, use the official download/start page. :contentReference[oaicite:7]{index=7}
Closing thoughts
Ledger Wallet (Ledger Live) remains one of the most broadly used hardware-backed wallet companions because it combines strong device security, wide asset support, and an approachable UI. That said, security is a shared responsibility: use official downloads, keep firmware and app versions up to date, and never disclose your recovery phrase.