Ledger Live Guide • Advanced Features

Ledger Live Features — Advanced Crypto Management

Ledger Live goes beyond basic wallet functionality, allowing crypto users to track portfolios, manage multiple accounts, customize fees, and use watch-only accounts. This guide explains all available features and how to optimize workflow securely.

Key Benefits

  • Unified portfolio for all cryptocurrencies
  • Custom fee and transaction speed controls
  • Multi-device compatibility
  • On-device approvals for security
  • Watch-only accounts for monitoring
  • Passphrase-enabled wallets for advanced protection

Detailed Features Overview

Portfolio Tracking

Track balances, asset allocation, and transaction history in real-time across all supported coins. Switch between crypto and fiat views for easy analysis.

Transaction Management

Control fees, set custom gas prices, and use advanced options like Replace-By-Fee (RBF) for Bitcoin transactions when necessary.

Coin Apps

Install specific coin apps to manage assets on-device. Removing an app never affects funds, ensuring safety while keeping apps organized.

Watch-Only Accounts

Monitor balances and incoming transactions without connecting the hardware wallet. Ideal for auditing or tracking external addresses securely.

Labels & Notes

Organize accounts with custom labels and annotate transactions for budgeting, accounting, or tax purposes. Easy to maintain a clear portfolio overview.

Device Authentication

All actions require approval on-device, reducing malware or phishing risks. Ledger Live itself cannot sign transactions without physical confirmation.

Security Practices for Ledger Live Features

Recovery Phrase Management

  • Store offline in secure locations
  • Consider a metal backup for long-term durability
  • Never enter online or share

Device & App Safety

  • Update Ledger Live and device firmware regularly
  • Use strong passwords and enable biometrics when possible
  • Verify addresses on-device for every transaction

FAQs on Ledger Live Features

Get the Most Out of Ledger Live

Leverage advanced features to improve workflow efficiency and security. Use watch-only accounts, label transactions, and review portfolios regularly. Always confirm actions on-device to maintain maximum security while enjoying Ledger Live's full functionality.