In Ledger Live, navigate to the "Accounts" tab and click "Add account." Select Bitcoin from the list of supported cryptocurrencies. Follow the prompts to add your Bitcoin account, which will be linked to your Ledger device.
Once your Bitcoin account is added, you can view your Bitcoin balance and transaction history directly in Ledger Live. This gives you a clear overview of your holdings and past transactions.
To receive Bitcoin, click on the "Receive" button in Ledger Live. Select your Bitcoin account and click "Continue." Ledger Live will display your Bitcoin address. Copy this address and share it with the sender. You can also generate a QR code for easier transactions.
To send Bitcoin, click on the "Send" button in Ledger Live. Enter the recipient's Bitcoin address and the amount you wish to send. Confirm the transaction details and follow the prompts to complete the transaction using your Ledger device.
Ledger Live supports a wide range of cryptocurrencies beyond Bitcoin. You can add accounts for different cryptocurrencies and manage them all within the Ledger Live application.
Your recovery phrase is the key to your wallet. Never share it with anyone and store it offline in a secure location. If someone gains access to your recovery phrase, they can access your funds.
Keep your Ledger device and Ledger Live application updated to the latest versions. Firmware updates often include important security enhancements and new features.
For advanced security, consider enabling the passphrase protection feature on your Ledger device. This adds an additional layer of security by requiring a passphrase along with your PIN code to access your wallet.