$10,904.66 -1.58%
BTC · 4d

Ledger Live adds Coin control: Here's why that matters.

**Ledger Live version 2.11.1** ([download link]( **adds Coin control for power users.** The coin control feature gives advanced users more granular control over their wallets. It enables them to change how and which coins are selected when making transactions. This increases their ability to manage their privacy and the network fees they will have to pay to spend their account balance. [More control over your coins]( ## How does it work? The account balance for Bitcoin and its derivatives consists of all the unspent transaction outputs (UTXOs) in the account. You can think of UTXOs as the coins in a regular wallet. When you receive money, you collect coins in your wallet. Then, when you want to make a payment, you get to choose which coins you pick from your wallet. Do you pick the largest coins first? Or do you want to spend all the smaller value coins to lighten up your wallet? Similar considerations can be made when creating a Bitcoin or Bitcoin derivative (altcoin) transaction. Before the Coin Control feature was released, all transactions involving Bitcoin (and altcoins) automatically selected their coins using the First-In-First-Out (FIFO) algorithm. This strategy includes the oldest coin in the account, and when the amount is not sufficient the second-oldest coin is added, and so forth. As of Ledger Live version 2.11.1, users are able to make use of a dedicated Coin Control tool to choose the coin selection strategy and the coins that may be spent. ## Using Coin control in Ledger Live [Coin control is available in Advanced options in the Send flow]( 1. Click on **Send**, choose an account to debit, and enter a recipient address. Click on **Continue**. 2. Enter an amount and click ...
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