Ledger Wallet Setup

Introduction to Ledger Wallets

Ledger wallets provide a secure way to manage your cryptocurrencies offline. By using a hardware wallet, you protect your assets from online threats such as phishing, malware, and hacking attempts.

Ledger wallets come with two main models:

• Ledger Nano S: Compact, simple, and affordable for beginners.
• Ledger Nano X: Advanced features, Bluetooth connectivity, larger storage for multiple coins.

Each device ensures your private keys never leave the device, maintaining maximum security.

Getting Started

Step 1: Unboxing Your Ledger

Ensure your package includes:

• Ledger hardware wallet
• USB cable
• Recovery sheet
• User manual

Never use a device if the packaging seems tampered or damaged. Ledger devices come sealed for security.

Step 2: Installing Ledger Live

Ledger Live is the official desktop and mobile app for managing your crypto portfolio.

• Download from Ledger.com
• Install and follow the on-screen instructions
• Verify software authenticity

Setting Up Your Device

Step 3: Initializing Your Wallet

Connect your Ledger device and follow these steps:

• Choose “Set up as new device”
• Create a 4-8 digit PIN code
• Confirm your PIN code

Step 4: Backup Recovery Phrase

Ledger will provide a 24-word recovery phrase:

• Write it down on the recovery sheet
• Never store digitally or online
• Keep it secure and private

Using Ledger Live

Ledger Live allows you to:

• Check balances of multiple cryptocurrencies
• Send and receive crypto securely
• Install or uninstall apps on your device
• Update firmware safely

Step 5: Adding Accounts

After installing Ledger Live:

• Click “Add account”
• Select your cryptocurrency
• Follow device instructions to verify

Step 6: Sending & Receiving Crypto

For sending:

• Open the account in Ledger Live
• Click “Send”
• Confirm transaction on the device

For receiving:

• Click “Receive” in Ledger Live
• Verify the address on your device
• Share address safely with sender

Security Tips

Maintaining security is crucial:

• Never share your recovery phrase
• Only use official Ledger websites and apps
• Regularly update firmware
• Enable passphrase protection for extra security
• Beware of phishing emails and fake websites

Ledger provides step-by-step guides to enhance security on Ledger Learn.

Frequently Asked Questions

Q: Can I recover my wallet if I lose my device?

A: Yes, using your 24-word recovery phrase on any compatible Ledger device or wallet.

Q: Is Ledger safe from online hacks?

A: Your private keys never leave the device, making it highly secure against online attacks.

Q: How many cryptocurrencies are supported?

A: Ledger supports over 5000 cryptocurrencies via Ledger Live and third-party apps.