Advanced Settings You Can Use in Ledger Crypto Wallet
The Ledger Crypto Wallet (via the Ledger Live app) is well-known for its robust security and user-friendly interface. But beyond the basics of buying, sending, and receiving cryptocurrency, Ledger also offers a suite of advanced settings that allow users to customize, secure, and optimize their experience.
Whether you’re a seasoned crypto investor or a tech-savvy user seeking more control over your wallet, these advanced options in Ledger Live and Ledger hardware devices can significantly enhance your crypto management.
🔧 1. Custom Derivation Paths
For advanced users managing accounts across multiple wallets or recovery systems, Ledger Live allows you to access custom derivation paths.
Why Use This?
- Useful for recovering wallets created with other services (e.g., MetaMask, Trust Wallet).
- Supports specific HD (Hierarchical Deterministic) wallet structures.
How to Use:
When restoring a wallet or adding a custom account, select “Advanced” to input a custom derivation path (e.g., m/44'/60'/0'/0).
⚠️ Only recommended if you understand HD wallet structures.
🧩 2. Enable Developer Mode
Developer Mode in Ledger Live gives access to early-release apps and testnet coins.
Benefits:
- Access to beta apps and features.
- Use testnet environments for development or experimentation.
How to Enable:
- Go to Settings > Experimental features.
- Toggle on Developer Mode.
Use this only if you’re comfortable testing experimental features. Not intended for average users managing live assets.
🔐 3. Passphrase Protection (Hidden Wallets)
Ledger devices support an advanced feature called a passphrase, which allows you to create hidden wallets that are accessible only with an extra word added to your recovery phrase.
Benefits:
- Adds another layer of protection.
- Ideal for plausible deniability or multi-layered storage.
How It Works:
- Your 24-word recovery phrase gives access to a standard wallet.
- Adding a 25th word (passphrase) unlocks a separate wallet.
- Each passphrase creates a completely independent wallet.
How to Enable:
- Go to Settings > Security on your Ledger device.
- Enable passphrase entry.
- You can choose to attach it temporarily or store it permanently.
💡 Remember: if you forget the passphrase, you lose access to that hidden wallet forever.
⚙️ 4. Manual Installation of Apps
Ledger Live automatically installs apps (Bitcoin, Ethereum, etc.) when setting up accounts—but you can also manage these manually.
Benefits:
- Free up device storage.
- Install only the apps you actually use.
- Useful when managing limited storage on devices like Ledger Nano S.
How:
- Go to Manager tab in Ledger Live.
- Manually select and uninstall/install apps.
- Use the “App Storage” view to see available space.
⛓️ 5. Node Customization (Advanced Network Settings)
By default, Ledger Live connects to Ledger’s own trusted nodes. Advanced users can switch to their own node for privacy and independence.
Benefits:
- Improved privacy (your IP isn’t revealed to Ledger).
- More control and trust (verify your own transactions).
- Can reduce sync issues with specific networks.
How to Do It:
- Go to Settings > Experimental features.
- Enable custom node configuration.
- Input your RPC endpoint (for Ethereum, Bitcoin, etc.).
Ideal for running a Bitcoin full node or using Infura/Alchemy for Ethereum.
🧠 6. Advanced Account Settings
When adding accounts in Ledger Live, you can access extra options for each blockchain.
Features:
- Rename accounts.
- Set custom account derivation schemes.
- Select token standards (ERC-20, BEP-20, etc.).
- Disable/enable token auto-detection.
Go to Accounts > Manage > Advanced Settings to make changes.
🪙 7. Advanced Token Management
Ledger Live now supports custom tokens, especially useful for ERC-20 and BEP-20 assets that are not automatically listed.
How to Add Custom Tokens:
- Click on your Ethereum or Binance Smart Chain account.
- Scroll to tokens > “Add custom token.”
- Enter the contract address, symbol, and decimals.
Use tools like Etherscan or BSCScan to find accurate contract data.
🔄 8. Custom Fee Settings
You can fine-tune your transaction fees—critical during times of network congestion.
How:
- During a send transaction, click “Advanced” or “Edit” fee.
- Choose between:
- Low/Medium/High
- Custom gas price (Gwei) for Ethereum
- Satoshis/byte for Bitcoin
Great for:
- Saving money on fees.
- Speeding up transactions when time matters.
🔁 9. Reset Ledger Live (Without Losing Assets)
If Ledger Live gets buggy, you can reset the app safely without affecting your assets.
Steps:
- Go to Settings > Help.
- Click “Reset Ledger Live”.
- Re-add your accounts (your assets remain safe since they’re tied to your Ledger hardware + recovery phrase).
🛡️ 10. Genuine Check & Firmware Management
From Manager > My Ledger, you can:
- Run a genuine check to verify your device is authentic.
- Update firmware to get the latest security and feature improvements.
- Reinstall or clear apps if issues occur.
Always verify updates are coming from the official Ledger Live app to avoid phishing or malicious firmware.
✅ Final Thoughts
The Ledger Crypto Wallet App isn’t just for basic crypto management—it’s a powerful tool for advanced users looking to enhance privacy, control, and efficiency. From passphrase-protected wallets to full node connectivity and custom gas fees, these settings empower users to personalize their crypto experience.
Whether you want to increase security with hidden wallets or reduce fees with custom gas configurations, Ledger gives you the tools to manage your assets on your own terms.