This step-by-step guide explains how to set up Ledger Live and use the Ledger Portfolio & Wallet App. It covers downloading Ledger Live, initializing your Ledger device, securing the 24-word recovery phrase, installing cryptocurrency apps (Bitcoin, Ethereum, etc.), and adding accounts. Use these clear instructions to set up your Ledger Portfolio & Wallet App safely.
Go to the official Ledger website and download Ledger Live for your computer or mobile device. Always verify the URL and checksum when available. Ledger Live is the desktop and mobile app that manages the Ledger Portfolio & Wallet App functionality. (Keyword: Ledger Live, Ledger Portfolio, Wallet App)
Power on the device and choose Set up as new device. Create a secure PIN (avoid obvious numbers). Your Ledger will display a 24-word recovery phrase — write it down on paper immediately and keep it offline. Do not store the recovery phrase digitally. (Keywords: Ledger device setup, recovery phrase, PIN)
Open Ledger Live, follow the on-screen setup wizard, confirm your device model, and allow the app to verify the device firmware. This ensures your Ledger, Ledger Live, and the Ledger Portfolio & Wallet App are compatible and secure.
Within Ledger Live, open the Manager tab to install blockchain apps (Bitcoin, Ethereum, Solana, etc.) on your Ledger device. Then go to Accounts → Add account to create accounts that show in Ledger Live and the Ledger Portfolio & Wallet App.
The Ledger Portfolio & Wallet App displays balances, portfolio overview, and transaction history. Use it to send/receive crypto, verify transactions on-device, and keep an eye on assets. Always confirm addresses on the hardware device screen before sending funds.
Store the recovery phrase offline in multiple secure locations, enable device passphrase if you understand the trade-offs, never share the 24 words, and avoid phishing sites. (Keywords: crypto security, Ledger security, secure wallet)
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