Mastering Ledger Live: Your Guide to Cryptocurrency Security
Having a safe and secure crypto wallet tool to keep your digital assets it’s really necessary. If you own any random wallet without knowing it, this could lead to issues for your assets. To get rid of this, you can choose a hardware wallet that is known for its utmost level of security such as the Ledger Live wallet. It was presented by a group of eight experts in 2014.
The main reason behind this wallet to introduced was to provide users with a threat-free environment. As a hardware wallet, it keeps your digital assets and private keys away from the internet and prevents exposing them online. In the following article, we will discuss how to download and create a ledger live new wallet. Therefore, stay with us to learn more.
How To Download The Ledger Live?
The Ledger crypto wallet offers pretty simple steps to download your wallet. If you are having issues while downloading, follow the steps mentioned below.
Head to the “Ledger Live” page on your browser.
Once you reach it, select the compatible version.
After that click on the “download the app link to begin the process.
Now wait for a few moments to complete the downloading process.
Once the downloading process is complete, tap twice on the downloaded file to initiate the installation process.
This is how you can download the Ledger Live wallet by going through the above steps carefully.
Steps To Set Up Your Ledger Live Wallet
If you are thinking how to initiate set up process, we have briefly discussed every step below. Have a look at it.
Once you install the application, run it to begin the set up process.
Tap on the “Get Started” button and accept terms and conditions.
Now it will prompt you to select your ledger device to continue.
Follow the prompts to set a new device.
After that, set a PIN for your wallet.
In the next step, you will receive your secret recovery phrase.
Write down your seed phrase and keep it secret from others.
In the final step, confirm your secret recovery phrase to finish the set up process.
Once you confirm your seed phrase, you are all set to explore the digital investment world.
How To Add New Account To Ledger Live?
If you are looking to add a new account to Ledger Live, follow the steps mentioned below.
Open your Leger Live and select the account tab.
Now click on the Add account tab.
After that with the help of drop-down or manually, select the crypto for the account you wish to add.
If prompted, connect and open your ledger device, and open the app to add the crypto you want to add.
Wait for a few moments for the ledger to synchronize with the blockchain.
Now in the accounts step, select the account to add and swipe right to rename it.
Tap on the continue button, your account has been added.
This is how you can add a new account to the ledger live on the go.
The Ledger Live wallet is a hardware wallet that offers cold storage for its users. It eliminates the risk of potential online threats and cyber-attacks. Currently, it is providing its service more than 1.5 million active users every month. Apart from this, Ledger’s easy to accessible and seamless design makes it convenient for everyone.
Whether you are new or a pro in the crypto world, you will find this wallet suitable for every user. Despite this, its industry standard security feature makes it an inaccessible cave for unauthorized users. Overall, if you give priority to your security and privacy, this could be an ideal choice for you.
Start your trading journey with Ledger Live to keep your assets away from hackers and scammers. You will get here cold storage and a bunch of rich features.
Is Ledger Wallet Good To Use?
Yes, the Ledger offers a range of hardware wallets that are equipped with a substantial level of security. It protects your assets against potential online threats such as phishing attacks and hacking.
Does Ledger Take Withdrawal Fees?
The Ledger itself doesn’t take any additional fees accept the transactions fee, required by the network that you use. Like Bitcoin or Ethereum.
What if I lose my Ledger wallet?
In case of losing or physical damage you can simply enter your 24-word recovery seed phrase in a new wallet to recover your all the assets that you have lost.
