How to Audit Your Portfolio Security in Ledger Live 1 - sistim63/Ledger-Tips-and-Tricks-2025 GitHub Wiki

Keeping your cryptocurrency secure requires more than just storing it on a Ledger device. Regular security audits help you identify vulnerabilities, detect unauthorized access, and ensure your assets remain fully protected. Ledger Live provides tools to help you monitor and strengthen your portfolio’s security.

In this guide, we’ll walk you through how to audit your portfolio security in Ledger Live, including key checks and best practices.

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 Audit Your Portfolio Security?

✔ Detect unauthorized transactions early ✔ Verify correct wallet connections (e.g., DeFi, staking) ✔ Ensure firmware and apps are up to date ✔ Identify phishing or malware risks

Step 1: Review Recent Transactions

  1. Open Ledger Live and go to the “Accounts” tab.
  2. Check each account for unexpected transactions.
  3. If you see unknown activity:
    • Disconnect your Ledger from the internet.
    • Move funds to a new wallet (with a fresh seed phrase).

🔍 Tip: Export transaction history (Settings > Accounts > Export Operations) for deeper analysis.

Step 2: Check Connected Apps & Permissions

Many DeFi platforms and dApps request wallet access. To audit:

  1. Go to Settings > Help > Clear Cache (resets app connections).
  2. Revoke unnecessary token approvals using:

⚠️ Warning: Old approvals can drain your wallet if a contract is exploited.

Step 3: Verify Firmware & App Updates

  1. Connect your Ledger device.
  2. In Ledger Live, go to “Manager” and check for:
    • Firmware updates (critical for security patches).
    • App updates (outdated apps may have vulnerabilities).

✅ Best Practice: Enable auto-updates in Settings > Experimental Features.

Step 4: Confirm Recovery Phrase Safety

  • Is your seed phrase stored offline? (Never digital!)
  • Have you tested recovery? (Try restoring a small wallet first.)
  • Is it protected from fire/water damage? (Use a metal backup like Billfodl.)

🚨 If you ever entered your seed phrase online, assume it’s compromised.

Step 5: Check for Suspicious Address Changes

Malware can alter copied addresses. Always:

  1. Manually verify recipient addresses on your Ledger device.
  2. Bookmark trusted wallet addresses to avoid copy-paste scams.

Step 6: Enable Extra Security Features

  • Two-Factor Authentication (2FA) (Settings > Security).
  • Password Lock (Desktop: Settings > Security > Password).
  • Auto-Lock (Settings > Security > Auto-Lock).

Step 7: Scan for Malware & Phishing Risks

  • Run antivirus scans (Malwarebytes, Windows Defender).
  • Check for fake Ledger emails (report to [email protected]).
  • Never click unsolicited links—bookmark ledger.com.

Final Security Checklist

Task Status
Reviewed all transactions ✅/❌
Revoked unused dApp permissions ✅/❌
Updated firmware & apps ✅/❌
Confirmed seed phrase safety ✅/❌
Enabled 2FA & auto-lock ✅/❌
Scanned for malware ✅/❌

What to Do If You Find a Security Issue

  1. Move funds to a new wallet (with a new seed phrase).
  2. Reset your Ledger device.
  3. Report phishing/scams to Ledger Support.

Final Thoughts

Regular security audits in Ledger Live help prevent theft and hacks. By following these steps, you ensure that only you control your crypto—no exceptions.

How often do you check your portfolio security? Share your routine below!

Need Help?

Stay vigilant and keep your crypto safe! 🔐