Introduction
Ledger hardware wallets are the industry standard for cryptocurrency security. By storing private keys offline, Ledger devices prevent hackers from accessing your funds. This guide will walk you through unboxing, setting up, and using your Ledger device safely.
Unboxing Your Ledger Device
Check that the device packaging is intact. Ledger devices include a USB cable, instruction manual, and recovery sheet. Do not use the device if the packaging shows signs of tampering. Ledger uses tamper-evident packaging to guarantee authenticity.
Setting Up Your Ledger Device
Follow these steps:
- Connect the Ledger device to your computer.
- Power it on and select your preferred language.
- Choose "Set up as new device".
- Create a secure PIN code using the buttons.
- Write down the 24-word recovery phrase. This is essential for recovering your wallet if the device is lost.
- Confirm the recovery phrase on the device.
Store your recovery phrase securely in a fireproof safe or metal backup.
Installing Ledger Live
Ledger Live is the companion app to manage cryptocurrencies. Download it from the official Ledger website. Install and open the app, then pair it with your Ledger device. Ledger Live enables adding multiple accounts, sending/receiving crypto, and viewing portfolio performance.
Adding Accounts and Managing Crypto
After pairing, add cryptocurrency accounts in Ledger Live:
- Navigate to Accounts → Add Account.
- Select the cryptocurrency and install its app on your device.
- Synchronize the account with Ledger Live.
Now you can securely send and receive crypto through Ledger Live. Always confirm addresses on the device before sending.
Security Best Practices
- Never share your 24-word recovery phrase.
- Download Ledger Live only from the official website.
- Update firmware regularly.
- Use strong PIN codes.
- Keep the recovery phrase in a secure, offline location.
Advanced Features
Ledger supports:
- Staking supported cryptocurrencies.
- Token swaps directly in Ledger Live.
- Integration with third-party apps.
- Portfolio analytics and account management.
Ledger Wallet Models
- Ledger Nano S Plus: compact, beginner-friendly.
- Ledger Nano X: Bluetooth-enabled for mobile use.
- Ledger Stax: touchscreen, advanced features.