Managing ERC‐20 Tokens with Ledger Live: The Complete Guide - olmobourque/Ledger-Device-tips-2000 GitHub Wiki

Introduction to ERC-20 Tokens on Ledger

ERC-20 tokens are the backbone of the Ethereum ecosystem, powering thousands of DeFi projects, stablecoins, and utility tokens. Ledger Live provides robust support for managing these assets securely with your hardware wallet. 

This guide covers everything from adding tokens to advanced management techniques.

Please download the last update of Ledger Live Application:

1.Ledger Live for Windows 10/11

2.Ledger Live for MAC

3.Ledger Live for Android

1. Adding ERC-20 Tokens to Ledger Live

Auto-Detected Tokens

Most popular tokens appear automatically:

  1. Connect your Ledger device
  2. Open your Ethereum account
  3. Scroll to “Token accounts” section
  4. Click “Add tokens” to see available options

Manual Addition for Custom Tokens

For tokens not automatically detected:

  1. Click “Add token” > “Custom token”
  2. Enter:
    • Contract address (verify on Etherscan)
    • Token symbol
    • Decimals (typically 18)
  3. Confirm with your Ledger device

Pro Tip: Bookmark official contract addresses to avoid scams.

2. Sending ERC-20 Tokens

  1. Select the token account
  2. Click “Send”
  3. Enter:
    • Recipient address
    • Amount
    • Gas fee preference
  4. Verify all details on your Ledger screen
  5. Confirm the transaction

Warning: Always check you’re sending to an ERC-20 compatible address.

3. Receiving ERC-20 Tokens

  1. Select your Ethereum account
  2. Click “Receive”
  3. Verify the address on your Ledger device
  4. Share this address with the sender

Important: All ERC-20 tokens use your Ethereum address – no separate addresses needed.

4. Advanced Management Features

Token Visibility Options

  • Hide tokens (click eye icon)
  • Show/hide zero balances
  • Customize portfolio display

Gas Fee Optimization

  • Adjust gas prices during network congestion
  • View historical fee data
  • Set custom gas limits (Advanced mode)

Transaction History

  • Filter by token type
  • Export CSV reports
  • View on Etherscan directly

5. Troubleshooting Common Issues

Token Balance Not Showing

  • Wait for synchronization (up to 5 minutes)
  • Manually add the token if not auto-detected
  • Check Etherscan to verify holdings

Transaction Stuck

  • Speed up transaction (replace-by-fee)
  • Reset account in Settings if needed

“Invalid Token” Errors

  • Verify contract address
  • Check network congestion
  • Ensure sufficient ETH for gas

6. Security Best Practices

  1. Always verify contract addresses
  2. Never share your recovery phrase
  3. Double-check recipient addresses
  4. Keep ETH available for gas fees
  5. Use whitelists for frequent transactions

7. Beyond Ledger Live: Extended Functionality

For advanced DeFi interactions:

  1. Connect to MetaMask (with Ledger)
  2. Use WalletConnect for dApps
  3. Access specialized interfaces like:
    • Uniswap for swapping
    • AAVE for lending
    • Compound for yield

Conclusion

Ledger Live provides comprehensive ERC-20 token management while maintaining the gold standard of hardware wallet security. By combining the convenience of software with the protection of your Ledger device, you can confidently participate in the Ethereum ecosystem.

Remember: Always keep at least 0.05 ETH in your account for unexpected gas fees, and regularly update your Ledger firmware for the latest security features and token support.