Step 3: Download and Install Ledger Live. Ledger Live is the official application for managing your Ledger wallet. It allows users to: Install crypto apps such as Bitcoin, Ethereum, and XRP. Step 3: Install Ledger Live. The Ledger Live app is essential for managing your crypto assets. Download and install it on your computer or mobile device (iOS/Android). Step 4: Initialize Your Device. Connect your Ledger wallet to Create a New Wallet: Follow the on-screen instructions to set up a new wallet. Backup Your Recovery Phrase: You will receive a 12-word recovery phrase. Store it securely offline; this is