How to Audit Your Portfolio Security in Ledger Live - sistim63/Ledger-Tips-and-Tricks-2025 GitHub Wiki

Keeping your cryptocurrency secure is crucial, especially when using a hardware wallet like Ledger. While Ledger Live provides a convenient way to manage your assets, you should regularly audit your portfolio security to ensure no vulnerabilities exist.

In this guide, we’ll walk you through the steps to check your Ledger Live security settings, detect potential risks, and strengthen your protection against hackers and scams.

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

Why Should You Audit Your Ledger Live Security?

  • Prevent unauthorized access to your crypto.
  • Detect suspicious transactions or connected apps.
  • Ensure no malware or phishing attempts have compromised your setup.
  • Verify that your recovery phrase remains secure.

A security audit should be done at least once every few months or after any major transaction.

Step 1: Verify Your Device & Ledger Live Authenticity

Before checking anything else, ensure: ✅ Your Ledger device is genuine (check via Ledger’s official verification steps). ✅ You downloaded Ledger Live from the official website (ledger.com). ✅ No fake or malicious apps are installed on your computer/phone.

⚠️ Warning: Never use third-party wallet managers claiming to support Ledger—stick to Ledger Live or trusted interfaces like MetaMask (with manual connection).

Step 2: Review Connected Apps & Permissions

Ledger Live interacts with decentralized apps (dApps) and other services. Check:

  • Open Ledger Live → Settings → Experimental Features.
  • Disable “Experimental Mode” unless absolutely needed (reduces attack surface).
  • Go to “Accounts” and review all linked wallets.
  • Revoke unnecessary dApp connections (use Revoke.cash or Etherscan’s Token Approvals).

Step 3: Check Transaction History for Suspicious Activity

  • Open each account in Ledger Live and review recent transactions.
  • Look for unknown transfers (even small ones—they could be test transactions before a bigger theft).
  • If you spot unauthorized activity:
    • Immediately move funds to a new secure wallet.
    • Reset your Ledger and generate a new seed phrase.

Step 4: Ensure Your Recovery Phrase Is Secure

Your 24-word seed phrase is the ultimate key to your crypto. Verify: ✅ It was never typed into any device (only stored on paper/metal). ✅ No digital copies exist (no photos, cloud storage, or text files). ✅ No one else has seen or accessed it.

❌ If you ever entered it into Ledger Live or any other app, assume it’s compromised!

Step 5: Update Firmware & Enable Security Features

  • Go to Settings → Help → Firmware Update to ensure your Ledger device runs the latest firmware.
  • Enable Passphrase (25th word) for extra security (if you need it).
  • Use a strong PIN (avoid easy combinations like 1234 or 0000).

Step 6: Watch Out for Phishing & Social Engineering

  • Never share your seed phrase, PIN, or private keys.
  • Ignore DMs or emails claiming to be “Ledger Support.”
  • Double-check website URLs—fake Ledger Live sites exist.

Final Checklist for Ongoing Security

🔒 Firmware updated? 🔒 No suspicious transactions? 🔒 Seed phrase stored offline & secure? 🔒 No unnecessary dApp connections? 🔒 Experimental features disabled?

Conclusion: Stay Proactive with Security

Auditing your Ledger Live security takes just a few minutes but can save you from devastating losses. By following these steps regularly, you minimize risks and keep full control over your crypto.

🚀 Want more security tips? Bookmark Ledger’s official security guides and stay alert for new threats!

Did you find this guide helpful? Share it with other Ledger users to help them stay safe! 🔐