How to Set up Ledger Portfolio & Wallet App

Official step-by-step guide to Ledger Live setup, portfolio management, and secure crypto handling.

Getting Started with Ledger Live

Ledger Live is the official desktop and mobile app for managing Ledger hardware wallets, tracking your crypto portfolio, and sending or receiving transactions securely. This guide provides step-by-step instructions on initializing Ledger devices, installing apps, and managing your portfolio effectively.

1
Download and install Ledger Live

Get the latest Ledger Live installer from the official Ledger website. Avoid third-party download links. Install it on your desktop or mobile device following the on-screen instructions.

2
Initialize your Ledger device

Connect your Ledger hardware wallet. Choose to set up as a new device or restore from a recovery phrase. Ledger Live will guide you through device verification and firmware checks.

3
Set a secure PIN

Create a strong PIN on your Ledger device. Never store it digitally or with your recovery phrase. This PIN protects your wallet against unauthorized physical access.

4
Record your recovery phrase

Write down the 24-word recovery phrase on the provided recovery sheet. Store it in a secure, offline location. Never take a photo or store it digitally.

5
Install apps via Ledger Live

Ledger Live allows installation of apps for supported cryptocurrencies. Each app enables your Ledger device to manage the corresponding blockchain securely. Install only the apps you need for your portfolio.

6
Add accounts and manage portfolio

After installing apps, add accounts in Ledger Live. Track balances, view transaction history, and manage multiple assets. Portfolio management is simplified with graphical dashboards, real-time prices, and performance metrics.

7
Send and receive crypto

Use Ledger Live to securely send or receive cryptocurrencies. Always verify addresses on your Ledger device screen before confirming transactions to avoid malware and phishing attacks.

8
Keep firmware updated

Ledger periodically releases firmware updates to improve security and add features. Update your device only via Ledger Live to maintain the integrity and security of your wallet.

Security Best Practices

Always download Ledger Live from the official website. Never share your recovery phrase. Consider using passphrases for added security. Use multiple secure offline backups and follow official Ledger guides for long-term asset protection.

Troubleshooting

Ledger device not recognized
Try a different USB port or cable, restart Ledger Live, or reboot your computer. Refer to official troubleshooting guides within Ledger Live.
Forgot PIN or lost recovery phrase?
If the PIN is forgotten, reset the device and restore using your recovery phrase. If the recovery phrase is lost, your funds may be unrecoverable. Always keep secure backups.
Firmware or app errors
Ensure Ledger Live is updated and apps are installed correctly. Use the built-in update feature to maintain device security.