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Adding Crypto Accounts in Ledger Live

After completing the device setup, you can add cryptocurrency accounts within Ledger Live. Each account corresponds to a specific blockchain network and allows you to send, receive, and manage assets securely.

Ledger Live supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and many popular altcoins. For each asset, you may need to install a corresponding app on your Ledger device.

Installing apps does not affect your funds and can be done or removed at any time based on available storage space.

 

Keeping Your Ledger Secure

Security is an ongoing responsibility. Always keep your Ledger device firmware and Ledger Live application updated to benefit from the latest security improvements.

Avoid connecting your device to untrusted computers, and never disclose your recovery phrase to anyone claiming to offer support. Ledger will never ask for your recovery phrase under any circumstances.

Regularly review your transaction history and account balances to detect any unusual activity early.

Common Mistakes to Avoid

Many security issues arise from user error rather than hardware failure. Do not store your recovery phrase digitally or share it with third parties. Avoid purchasing Ledger devices from unofficial sources, as they may be compromised.

Never rush through the setup process. Take time to verify each step, especially when writing down and confirming the recovery phrase.

Long-Term Asset Management

Ledger hardware wallets are designed for long-term crypto storage. For users holding significant amounts of cryptocurrency, a hardware wallet provides peace of mind and strong protection.

Some users choose to store recovery phrases in multiple secure locations or use fireproof storage solutions. Always consider your personal risk tolerance and storage environment.

By following best practices, Ledger devices can serve as a reliable foundation for managing digital assets over many years.


Frequently Asked Questions (FAQs)

1. What is Ledger.com/Start used for?

Ledger.com/Start is the official onboarding page that guides users through setting up a Ledger hardware wallet, installing Ledger Live, and securing crypto assets.

2. Is Ledger Live required to use a Ledger wallet?

Yes, Ledger Live is required for initial setup, firmware updates, and managing crypto accounts while keeping private keys secure on the device.

3. Can I use Ledger without an internet connection?

The Ledger device stores private keys offline, but Ledger Live requires an internet connection to interact with blockchain networks.

4. What happens if I lose my Ledger device?

You can restore access to your crypto assets on a new Ledger device using your 24-word recovery phrase.

5. How many cryptocurrencies does Ledger support?

Ledger supports thousands of cryptocurrencies and tokens across multiple blockchain networks.

6. Is my crypto stored on the Ledger device?

No, crypto assets remain on the blockchain. The Ledger device securely stores private keys that control access to those assets.

7. Can Ledger be hacked?

Ledger devices are designed to resist hacking attempts. However, security depends on protecting your recovery phrase and following best practices.

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