Setting up the Ledger Live Wallet is a straightforward process. Begin by downloading the app from Ledger's official website or app store. After installing, connect your Ledger hardware wallet and follow the prompts to configure your account. You can then add cryptocurrency accounts and start managing your portfolio. The app provides real-time insights, enabling you to monitor balances, transactions, and even the market value of your assets. With Ledger Live, you’ll always have a clear view of your holdings.