— Ledger Live is Ledger’s native interface where you can easily manage your coins and dApps
— On the Ledger Live interface, every action requires to be confirmed by you using the buttons on your hardware wallet; a two-step authentication process that mitigates the risk of hacks
— The recently launched App Catalogue within Ledger Live allows you to manage your favourite dApps from one secure gateway, while bringing the industry leading security of our Trusted Display to all of you transactions — Ledger’s App Catalogue is continually expanding, with new integrations happening each month
Ready to start your crypto journey for real? Now that you know how to properly secure and manage your coins with our Nano hardware wallets, time for the final step: buying your first crypto. Good news! We’ve got you covered with the Ledger Live app. What is Ledger Live? Here we explain.
What is Ledger Live?
Ledger Live is our platform of apps and services integrated specifically to work with your Nano device. It functions as a secure gateway to the crypto ecosystem. This means accessing a variety of crypto, NFT and DeFi based services directly and seamlessly from your hardware wallet – a better, simpler user experience that bypasses a major security concern known as blind signing. Find out more about that right here.
The Ledger Live platform comes with every purchase of a Nano and can be installed directly on your smartphone or desktop. Using Ledger Live allows you to easily:
Buy your first digital assets through our partners, such as Bitcoin, Ethereum, Bitcoin Cash and Dash… And more…
Swap one crypto for another with our partners. Offering you the fastest way to swap coins and tokens in one single place to help you diversify your portfolio
Cash out and sell your digital assets whenever you want through our partners. Because you are the one who decides. No one else.
Grow your assets while keeping them safe. And Ledger Live offers you more than one way to do it. First choose your favorite crypto among the ones supported. Then choose your way:
Did you know, you are now even able to stake directly from your Ledger hardware wallet, through Ledger’s own validator node? So you can enter the rewarding world of staking securely, via a platform you already know and trust. Find out how to access staking through Ledger validator node for yourself, right here.
Check your balance anytime and anywhere using the app, so that you can easily keep track of your crypto operations and check your real-time balance.
All of your favorite coins at your fingertips
Don’t feel limited! Ledger Live is giving you the opportunity to securely manage a wide range of cryptocurrencies. You can manage around 30 different coins, including BTC, ETH, and more than 1500 tokens, including Matic, are supported. You can also accumulate more than 1250 ERC20 tokens, all in one place. And we are still adding more of them! This means you only need one single app combined with your device to secure and manage all of your different assets.
Discover section: the secure gateway to your dApps & Apps
At Ledger we’re aiming to become a platform for all crypto services, enabling you to access whatever you need from within the security of your Ledger device.
Available in the discover section, the live apps catalogue gathers all currently and soon to be supported dApps in one place, so you can find and access them with ease. Clicking on an app in this section will open a window that will open the app’s interface, allowing Ledger Live to act as secure gateway to those different services.
No more blind signing! Accessing your dApps through Ledger Live means all transactions (borrowing, staking, swapping) need to be confirmed via your hardware wallet, and funds can be sent and received directly through your existing crypto accounts within Ledger Live. The App Catalogue is a one-stop-shop for all your dApp transactions.
How does Ledger Live work?
The only way to your financial freedom is through complete ownership and reliable security. So, Ledger’s answer is simple: our Ledger Live app is peered with your Ledger hardware wallet that secures your private keys while verifying and securing all your transactions.
In practice, it means that each action made in Ledger Live has to be confirmed on your hardware wallet. Indeed, for each operation – whether buy, send, swap, grow… – the information must be validated by you on your hardware wallet, using the screen and the 2 buttons.
In other words, your Nano device works as a safe validator. Similarly to shopping websites asking you to confirm a purchase through your bank app. By doing so, it makes sure that it is actually youwho is at the origin of the action, and that the information is not erroneous. By confirming each operation with your secure and immutable hardware wallet, you mitigate the risk of hacks.
Knowledge is power.
Trust yourself and keep on learning! If you enjoy getting to grips with crypto and blockchain, check out our School of Block video all about making your crypto work harder for you.
Disclaimer: Exchange, lend, and other crypto transaction services are provided by third-party partners. Ledger provides no advice or recommendations on use of these third-party services.
Kirsty Moreland
Editor of Ledger Academy. Writer and researcher of blockchain technology and all its use cases. Lover of old music, bikes and finding answers to questions.
Your bitcoin/crypto can't get stolen from Ledger Live itself. For your crypto to be stolen, the hacker/thief either needs to: Gain access to your wallet's 12-24 word backup. Gain access to your Ledger hardware wallet and your device PIN.
If your Nano device won't connect to Ledger Live and the "connect and unlock your device" message persists, it may be because your Citrix Workspace is outdated. Updating Citrix can resolve the connection issue and allow you to connect your Nano to Ledger Live without any further problems.
Hardware wallets – such as a Ledger – are widely considered to offer the most secure wallet option for securing your crypto. A hardware wallet stores your private keys offline, meaning nobody can access them except you.
Your crypto assets will be secured by your new Recovery phrase generated by your Ledger device. Since your Recovery phrase is a full backup to your crypto assets, make sure to store your Recovery sheet in a secure location.
Beware of scammers sending small amounts of coins or NFTs to "poison" your Ledger Live transaction history. They may use Received transactions, NFTs or even dummy Sent or Fees transactions. Always double-check your transaction details on your Ledger device to avoid accidentally sending funds to the wrong address.
(6/7) Recap: A Ledger generates and stores your private keys and signs transactions offline, resistant to online threats. YOU own your digital assets – all you have to do is to keep your 24-word recovery phrase offline and secure.
However, the shipping information required to purchase one of their products was stolen. This means that hackers can use this information to create social engineering attacks, which currently are a leading cause behind identity theft and security systems of all kinds being compromised.
Though Ledger has its own wallet software (Ledger Live), fortunately, if ever Ledger Labs goes bankrupt and go out of business, you can still use your Ledger hardware wallet by connecting it to other software wallets such as Electrum and Wasabi Wallet.
The Ledger Live application can be used with multiple Ledger devices. You can either use multiple devices yourself or share a computer with multiple people each owning a device(s).
You can sell Bitcoin for cash on exchanges or through Ledger Live and move it to your bank account. You can then withdraw the resulting cash. You'll be able to cash out your Bitcoin only into a bank account that you have already used to buy cryptocurrency.
Yes, cryptocurrency losses can be used to offset taxes on gains from the sale of any capital asset, including stocks, real estate and even other cryptocurrency sold at a profit.
Yes. If you pay for a service using virtual currency that you hold as a capital asset, then you have exchanged a capital asset for that service and will have a capital gain or loss. For more information on capital gains and capital losses, see Publication 544, Sales and Other Dispositions of Assets.
Overall, Ledger wallets come at reasonable prices for devices with their level of security and functionality. That said, if you only have a small amount invested in crypto or digital assets, getting one of these wallets may not be worth it for you.
No, Ledger doesn't provide tax reports. Instead, they can provide details about your transaction history which can be used by crypto tax software to calculate and report taxes.
Were Ledger wallets ever hacked? Ledger's devices or their app Ledger Live was never compromised, meaning there were no recorded successful hacking attacks on their software or hardware.
It is a secure hardware device that stores private transaction keys and other sensitive data. Unlike internet and mobile wallets, a hardware wallet cannot be hacked without physical access to the device, making the money less vulnerable to theft in this method.
An extra note on this though: if anyone were to take your hardware wallet and they also happen to know your PIN code, they can steal all the crypto assets you manage through your Ledger device. Please never share your PIN code with anyone. If they don't have your PIN, they'd still not be able to access your funds.
Go to the Ledger Live Download Signatures page, scroll down to the Ledger Live binaries section and copy the Linux hash. To match the checksum from the website with your downloaded copy, paste the website hash value in the Check field and click the Hash button. A checkmark appears. Your Ledger Live is genuine.
Best for Beginners: Coinbase Wallet. Why we chose it: We chose Coinbase Wallet as the best crypto wallet for beginners because it's an intuitive and highly secure wallet backed by a well-known exchange. Coinbase Wallet is an excellent wallet for beginners with little to no experience with crypto.
The short answer: Yes. If someone has your cryptocurrency wallet's seed phrase, they have access to your funds. They don't need your wallet password to take everything out of the wallet.
Is there actually a backdoor in Ledger now? The company claims there is no backdoor on its devices, and that this is an entirely opt-in service. That means if users don't opt-in, it will have no effect on their Ledger devices.
End of life. The battery is designed to last 5 years. Ledger does not provide a battery replacement program. If battery capacity has degraded beyond being practically usable, the device can be used by connecting it to a power source using the USB cable.
You can only send crypto assets that are supported in Ledger Live. Check that the right app is installed on your device. Ex: install the Bitcoin app to send Bitcoin.
The Ledger Live application can be installed and used simultaneously on multiple devices (computers, smartphones). Your accounts and settings need to be set up on each device.
Ledger Nano X requires a USB port to connect the USB C cable to. Any powered USB port can be used to charge it. The device requires a desktop computer (at least Windows 10 (64-bit) or later, macOS v10. 14, or 64-bit Linux) and a smartphone (at least iOS 9 or Android 7).
The Ledger Live app communicates the intent (via bluetooth or physical connection) to your offline device. You'll see the details of what you're signing on the Nano's Trusted Display. Using your private key, you can then cryptographically sign it within the device.
No. Your Ledger Nano S/X does not need to be connected or to be online for you to receive funds. As long as you know your wallet's address, you can freely receive funds on that wallet at any time. You do not lose your funds if your wallet is offline.
If your device displays Welcome to Ledger Nano X, it has been reset. Your device can reset to factory settings automatically after updating the device firmware or encountering a bug. Don't worry, your crypto assets are safe as long as you have your 24-word recovery phrase.
You can freely uninstall them and reinstall them later. The private keys giving access to your crypto assets stay on your device. You can uninstall the app from Ledger Live or directly from your Ledger device.
Resetting Ledger Live erases all settings and accounts on your computer. Once you have reset Ledger Live, you can then choose a new password and add your accounts back with your Ledger device.
By delegating your NEAR to the Ledger by Figment validator, you will receive rewards for helping to secure the network. The current annual yield on NEAR is around 9%. You can stop delegating your NEAR at any time but you will need to wait around 2 days to unlock your assets.
Those interested in the safest storage should consider using a non-custodial cold hardware wallet for all of their long-term bitcoin and cryptocurrency storage. Only keep what you plan to use in your hot wallet. Once you're done with your transaction, move your crypto back to cold storage.
Arguably, the safest way to store crypto is a hardware wallet. But as Marie explains, the effectiveness of cold storage depends on its careful use. “Hardware wallets are physical devices that securely store the private keys to your cryptocurrency addresses offline.
If both apps are already installed, click on 'Buy/Sell' on the menu to the left. Then, click on 'Sell' at the top of the page. Click 'Choose a Crypto Asset' and select Bitcoin. Then, use the second drop-down to choose the accounts you wish to sell from, and click 'Continue'.
Yes — your cryptocurrency can be stolen if you don't take the necessary steps to secure your coins. Hackers can steal them directly, or use scams to trick you into handing them over. If your private keys aren't kept safe, it's possible for a hacker to get into your hot wallet (see Wallet Hacks, below).
Your coins are associated with a set of “public/private keys”. —Your coins do not physically exist on any device — not even your Ledger hardware wallet. — Ledger hardware wallets store and safekeep your private keys, so that you can be the custodian of your own money.
And even though a hacker gains access to your hardware wallet, it's going to be very difficult for them to crack it especially if you're using a Ledger device. So as long as you keep your hardware wallet, regardless of brand, hidden somewhere at home, your funds are going to be fine.
Yes, the government (and anyone else) can track Bitcoin and Bitcoin transactions. All transactions are stored permanently on a public ledger, available to anyone. All the government needs to do is link you to your wallet or transaction.
Specifically, if a crypto loss relates to a theft or a criminal activity by the organization they invested their money with, taxpayers may be able to take a deduction via theft loss.
Cryptocurrency payments typically are not reversible. Once you pay with cryptocurrency, you can only get your money back if the person you paid sends it back. But contact the company you used to send the money and tell them it was a fraudulent transaction.
Does Coinbase Refund You If You're Scammed? No, Coinbase will not refund you if you're scammed. If you take part in the fraudulent activity that led to you getting scammed, Coinbase will not refund you. You need to do due diligence before sending your digital assets to anyone.
In addition to attacking crypto wallets directly, hackers can use phishing attacks to get personal information from wallet holders. For instance, people who use the popular MetaMask wallet may have received phishing emails asking for personal information in 2022.
Many people believe that Bitcoin is anonymous. However, this is not the case. Bitcoin, contrary to popular belief, is traceable. While your identity is not directly linked to your Bitcoin address, all transactions are public and recorded on the blockchain.
If both apps are already installed, click on 'Buy/Sell' on the menu to the left. Then, click on 'Sell' at the top of the page. Click 'Choose a Crypto Asset' and select Bitcoin. Then, use the second drop-down to choose the accounts you wish to sell from, and click 'Continue'.
You don't lose your funds forever. As long as you've backed up your 24-word recovery seed correctly, you can simply purchase a new Ledger hardware wallet and enter your old recovery seed to the new device — giving you back access to your funds.
Your tracking number will be sent to you by email as soon as the parcel is ready to ship. Once the parcel has entered the destination country, you will be able to track the parcel on the carrier's website.
Introduction: My name is Frankie Dare, I am a funny, beautiful, proud, fair, pleasant, cheerful, enthusiastic person who loves writing and wants to share my knowledge and understanding with you.
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