The COSMOS-Legacy survey is a 4.6 Ms Chandra program that has imaged 2.2 deg^2 of the COSMOS field with an effective exposure of ≃ 160 ks over the central 1.5 deg^2 and of ≃ 80 ks in the remaining area. The survey is the combination of 56 new observations obtained as an X-ray Visionary Project with the previous C-COSMOS survey. We describe the reduction and analysis of the new observations and the properties of 2273 point sources detected above a spurious probability of 2 × 10^‑5. We also present the updated properties of the C-COSMOS sources detected in the new data. The whole survey includes 4016 point sources (3814, 2920 and 2440 in the full, soft, and hard band). The limiting depths are 2.2 × 10^‑16, 1.5 × 10^‑15, and 8.9 × 10^‑16 erg cm^-2 in the 0.5–2, 2–10, and 0.5–10 keV bands, respectively. The observed fraction of obscured active galactic nuclei with a column density >10^22 cm^‑2 from the hardness ratio (HR) is ∼50^+17_-16%. Given the large sample we compute source number counts in the hard and soft bands, significantly reducing the uncertainties of 5%–10%. For the first time we compute number counts for obscured (HR > ‑0.2) and unobscured (HR < ‑0.2) sources and find significant differences between the two populations in the soft band. Due to the unprecedent large exposure, COSMOS-Legacy area is three times larger than surveys at similar depths and its depth is three times fainter than surveys covering similar areas. The area-flux region occupied by COSMOS-Legacy is likely to remain unsurpassed for years to come.