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Ledger Live Wallet is the platform of smartphone apps and services combined especially to work with the Nanodevices. It works as a safe gateway to the digital currency ecosystem. This means accessing different cryptocurrency, DeFi, and NFT-based services directly through a hardware wallet, a simpler, better experience that bypasses a vital security concern called blind signing. Ledger Live Wallet enables you to buy your first cryptocurrency, swap one asset for another, cash out and sell the cryptocurrency.
To begin with, launch any web browser and search the URL Ledger Live Wallet.
On this site, locate and tap on the Get Started tab.
Then, select the desired option from the available list to set up your device.
Select the device you want to use and hit the Continue icon.
Create a four to eight-digit PIN code for the safety of your device. Then, you will have to save the 24-word recovery phrase.
After that, attach your Ledger Wallet to your PC through the USB cable.
Next, hit the buttons to detect through the instructions on the screen.
Press both the buttons on the Ledger device together to select the Set up a new device option.
To choose the PIN code press both buttons once the Choose PIN code option is visible on the Ledger device.
After completing the PIN code set-up process, your recovery phrase will be visible on your Ledger device screen.
On the blank recovery sheet carefully enter the seed words.
Press both the buttons to Save the recovery phrase.
Firstly, you have to visit the official Ledger Live Wallet website.
On the main page, detect and tap on the Settings icon.
Then, click on the Password lock toggle.
Now, you have to select the password in the pop-up window.
After that, re-enter the password in the Confirm password box to save it.
Lastly, you should hit the Save button.
For this step, you should move to the main page of Ledger through Ledger Live Wallet.
Click on the Buy/Sell icon displayed on the left sidebar.
Then, you have to choose the Wyre option and tap on the Continue tab.
Here, select the cryptocurrency you wish to buy and the desired account to receive the assets in.
Next, you need to connect and unlock the Ledger device and launch the important application.
After that, make sure that the address visible on the Ledger Live Wallet site matches the address on the Ledger device. Hit the right button to choose the Approve option then press both buttons to verify.
Input the amount to purchase and tap on the Fund button.
Now, review the transaction information you have filled in so far.
Finally, hit the Confirm icon to complete the process.
First of all, go to the official Ledger Live Wallet website.
On the homepage, click on the Swap tab on the left-hand side panel.
On the Exchange window, choose the amounts for the cryptocurrency you would like to swap from and to.
Here, input the amount you wish to exchange.
Then, check the exchange transaction details.
If you are new, select the Complete KYC option to finish the identification process.
On the identity verification page, you have to complete the ID verification process.
After that, tap on the Exchange button.
Attach and unlock your Ledger device.
Now, enable Ledger Manager on the preferred device.
Launch the Exchange app on the device.
Lastly, verify & confirm the swap transaction on your device.
Question: Can I create two accounts on Ledger Live Wallet?
Answer: Yes, you can create multiple accounts on Ledger Live Wallet for each digital currency and give them different names like checking, trading, saving, and others. When the users add a new account, Ledger gets its strong extended public key via their Ledger Wallet. It creates separate public addresses and checks the funds in the blockchain to calculate the funds.
Question: How do I install the Ledger Live app on my Mac device via Ledger Live Wallet?
Answer: Go to the official Ledger Live Wallet website.
On the main page, tap on the Download button.
Double-tap on the downloaded file.
Then, drag & drop the app to the App Folder.
Now, start it using Spotlight or Launchpad.
After that, you have to open the message that appeared on the screen. Tap Open to begin the installation.
Question: How can I lock and unlock my session on Ledger Live Wallet?
Answer: For this, move to the Ledger Live Wallet website.
Then, to lock your sessions you need to click on the Lock icon visible at the top of the screen.