How To Set Up A Ledger

Ledger Nano Southward — Setup and Beginners Guide

Hardware wallets are one of the all-time ways to manage your private keys deeply. And given the growing prominence of cryptocurrency peculiarly Bitcoin, it wouldn't be a bad thought to invest some coin in buying a hardware wallet.

Getting started and used to Ledger Nano S tin can be a bit tricky for beginners. Hence I accept come upward with this tutorial where nosotros volition acquire to setup Ledger Nano Due south.

Ledger Nano S is the near popular yet bones of the hardware wallets available. Which also makes information technology the easiest to use and also inexpensive.

If you are looking to purchase 1, you get can information technology on this link. They commonly evangelize within 3–4 business days.

Note. Simply purchase Ledger Nano S from the official website. Avert buying it from other e-commerce platforms.

When you receive your Ledger Nano S it would look something like this from the outside. It contains the device, a USB and a few cards to write your backup phrase (these cards should be blank and not pre-filled).

Setup

There are 2 means you can setup your Ledger Nano S.

Restore a wallet by inserting a backup phrase that you lot already have.
Creating a new wallet, with a new support phrase (mnemonic).

Get-go we will start with, creating a new wallet.

With ledger Nano Southward, side buttons are used to navigate left and right. And press both buttons together to confirm.

To start the device we but have to connect it to the PC using the USB provided.

Now permit's configure it as a new device.

First, we have to enter a new pin. This pin is of import to access your device, and then keep information technology random and long. Also, make certain y'all remember it. For the demo I'll merely keep information technology elementary(5,five,5,5).

Next, the device will create a mnemonic (back up phrase) for our new wallet. This is the most of import affair of your wallet. The phrase itself gives admission to your funds.

Few important points to manage your phrase…

Never share it.
Never store information technology on a compromising identify, eg a computer continued to the cyberspace.
Write it down some where safe.
Never loose information technology.

In case, if your device stops working or if you lose it, this phrase tin can exist used to recover your wallet on another device.

Ledger Nano S comes with a few cards where y'all can note down your backup phrase.

Below is how information technology will look once you take noted down your backup phrase. Don't worry I would immediately reset my device after this. Brand sure you never share this phrase with anyone.

Once you have noted down your fill-in phrase, Ledger Nano S will ask to confirm information technology. Doing this may feel a chip wearisome, just hey you are going to store money on information technology, it has to be secure.

In one case confirmation is done our Ledger Nano S is set up to be used.

Install Applications

To use ledger Nano Due south, we need to install applications for the respective cryptocurrency. For eg. to create a Bitcoin wallet we need to install the ledger app for Bitcoin.

Although, earlier we install any applictions to our ledger, we first demand to download a Ledger app manager. This app volition enable us to easily manage our awarding on the Ledger.

Then let's download and install the Ledger Alive app. You can download it from here.

Outset the Ledger Live app, and select Use an Initialized Device.

Once yous do that it will ask you lot a few questions select yep for all. Then click on the "Bank check Now" push beside "is your ledger device genuine".

Once you do that it volition ask you to connect and unlock your Ledger Nano S. Yous tin can connect your device with the USB cable provided within the box. Once continued unlock it by entering the pin y'all merely set.

Ostend when it asks you to "Permit Ledger Manager".

Once that'south washed, set a new password. This password would be used to access your ledger managing director. Just go along the rest of the questions asked.

And finally, click on Open Ledger Live then open manager.
This is where you will find a list of apps for different cryptocurrencies to exist installed.

At present click on the install button, provided adjacent to the respective coin to install it. So let's go ahead and install Bitcoin.

One time it shows installation is successfull you tin can come across the Bitcoin app on your Ledger Nano South. You can press both buttons to enter into the app.

Now yous can apply your Ledger Nano S to safely store and spend Bitcoin. To actually practice this we will take to install a bitcoin wallet application on our desktop like Ledger Wallet Bitcoin Chrome app. Nosotros will exit this for our next tutorial.

Conclusion

At present you have learned how you lot can configure and gear up up your Ledger Nano S.

Purchase the Device

Y'all can buy a Ledger device from this link. Buying from this link contributes to the resources required for running this blog.