Frequently Asked Questions about Ledger Live Desktop
Is Ledger Live Desktop free to download and use?
Yes, Ledger Live Desktop is completely free to download and use. You only need to purchase a Ledger hardware wallet separately.
How often should I update Ledger Live Desktop?
You should update whenever a new version is available. The application will typically notify you of updates, which often include important security fixes and new features.
Can I use Ledger Live Desktop without an internet connection?
You can view your portfolio in offline mode, but you'll need an internet connection for account synchronization, sending transactions, and accessing current market data.
What cryptocurrencies does Ledger Live Desktop support?
Ledger Live Desktop supports over 1,800 cryptocurrencies and tokens, including Bitcoin, Ethereum, Ripple, Cardano, and many others. The list continues to expand with regular updates.
Can I have multiple accounts for the same cryptocurrency in Ledger Live Desktop?
Yes, you can create multiple accounts for the same cryptocurrency, which is useful for organizing your holdings for different purposes or strategies.
Is it safe to leave Ledger Live Desktop running when I'm not using it?
While Ledger Live Desktop is designed with security in mind, it's best practice to close the application when not in use, especially on shared computers.
What happens if my computer crashes while using Ledger Live Desktop?
Your cryptocurrencies remain secure on the blockchain and accessible via your hardware wallet. No transactions can be confirmed without physical verification on your Ledger device.
Can I recover my assets if I lose my Ledger device?
Yes, you can recover your assets using your 24-word recovery phrase on a new Ledger device. This is why properly securing your recovery phrase is crucial.
Does Ledger Live Desktop work with other hardware wallets?
No, Ledger Live Desktop is specifically designed to work with Ledger hardware wallets and is not compatible with devices from other manufacturers.
Can I export my transaction history for tax purposes?
Yes, Ledger Live Desktop allows you to export your transaction history in CSV format, which can be used for tax reporting purposes.