Ledger Live- Installation, Set Up, And Firmware Update

Accessing the interface of the Ledger hardware wallet is easy if you have installed the Ledger Live app on your device. If you are just getting started with a Ledger Wallet, then you may not be aware of a few things you should know as a beginner. So, what you should do is rely on this guide where I will teach you every aspect of the Ledger Live app so that you can begin its usage as soon as you receive your hardware wallet device. Well, the app has been dedicatedly designed for Ledger Nano X, Ledger Blue, as well as Ledger Nano S so that you can manage your crypto assets over it pretty easily.
If you wish to access all the features of Ledger Live, follow our comprehensive guide till the last.

What is Ledger Live?

Available via https://www.ledger.com/ledger-Live, the app works as the interface that allows you to access all the features of your connected wallet and manage your assets the way you want. To put it short, the app allows you to keep track of real-time price updates of different crypto assets, lets you create multiple accounts for crypto management, and most importantly helps you initialize the setup of your wallet. This app has been designed in such a way that it helps reduce the involvement of third-party platforms like Chrome that have been annoying users for quite a long time.
So, whenever you purchase a new Ledger device, installing Ledger Live is a must, take note of that.

Why must you install the Ledger Live app?

Among various reasons, the most important benefits of using Ledger Live have been listed below and these will help you understand why installing this app should be done on a priority basis:

• Create multiple accounts- By selecting the "+" icon on the interface of Ledger Live, you can add many accounts and name them accordingly. This will help in managing the assets and segregating them based on your needs. To customize these accounts, you can simply select the cog-wheel icon to open the "Settings" menu.
• Import previous accounts- If you have already created a crypto wallet on any of the Chrome-based platforms, then you can simply import those accounts to your Ledger hardware wallet using Ledger Live's interface. For this, you can simply click on the "+" sign present next to the "Accounts" menu.
• Process transactions securely- When you are completely sure that nobody else except you will be able to make transactions through your wallet or have access to your assets, you can sleep with complete peace. Hence, Ledger Live makes sure that users can send funds to the apt recipient by providing on-screen guidance leading to more accuracy.
• Check balance in real-time- If you are someone who cannot resist checking how well or badly his portfolio is doing and you keep on checking the wallet balance again and again, then the Ledger Live app is the perfect destination for you. The app will showcase the balance from all your accounts along with the price chart right at the top of the "Portfolio" screen.
• Fiat currency rates- Another added advantage of using Ledger Live is that you can choose from a wide selection of fiat currencies and switch your currency/provider instantly.

How to download and install Ledger Live?

As you can easily guess from the given information, Ledger Live is an important component for working with the Ledger Wallet. Hence, you can follow all the easy steps given below to initiate the installation of Ledger Live and the wallet setup process:

• Open the https://www.ledger.com/start website
• Select the "Download" button present on the main screen
• Choose if you'd like to install its desktop or mobile app
• Select the applicable option and install Ledger Live instantly
• In a few minutes, the installation would complete
• To start setting up your wallet, you can select "Initialize as new device"
• Then, select your Ledger device model and click "Continue"
• Using the cord that is supplied with your device, you should connect the Ledger device to the PC
• Thereafter, you must choose your 4-8 digits PIN code by following the prompts
• When you see the Secret Recovery Phrase, write it down carefully

Installing Firmware Update on Ledger Live

Before you start using your Ledger wallet, you should install the firmware update on your device. You can do so by navigating to the "Manager" section on your Ledger Live wallet. On Ledger Live, you will see a notification available in the white bar present right at the top of the app catalog. This notification will only be visible if an update is available. If you see this notification, just click on the "Update" option and follow the prompts.

Conclusion:

Ledger Live is the native software of Ledger Wallet that gives you the option to set up your wallet as a new user. You can install this app on your PC as well as your smartphone. Using the app is very simple because you just need to follow some simple instructions on your screen to perform various operations such as restoring your wallet, backing up your device, and so much more.