Introduction
Ledger Start is your gateway to secure crypto management. Using Ledger hardware wallets and Ledger Live, you can safely store and manage Bitcoin, Ethereum, and hundreds of tokens. This step-by-step guide covers everything from setting up your Ledger device to managing accounts and securing your crypto assets.
Step 1: Choose Your Ledger Device
Ledger offers the Nano S, Nano S Plus, and Nano X. Select the model that fits your needs. Each device ensures offline storage of private keys for maximum security. Always purchase Ledger devices from official channels to avoid tampering.
Step 2: Download Ledger Live
Ledger Live is the official application to manage your hardware wallet. Available for Windows, macOS, and Linux, it allows account setup, transactions, and portfolio tracking. Download Ledger Live only from the official Ledger website and verify its authenticity.
Step 3: Initialize Your Ledger Device
Connect your Ledger device to your computer and follow the on-screen prompts. You will set a secure PIN and receive a 24-word recovery phrase. Store this phrase offline in a secure location. It is critical for recovering your wallet if your device is lost or damaged.
Step 4: Add Accounts in Ledger Live
Ledger Live allows you to add multiple cryptocurrency accounts for Bitcoin, Ethereum, and supported tokens. This separation helps manage funds securely and track your portfolio accurately.
- Open Ledger Live and click "Add Account".
- Select the cryptocurrency you want to add.
- Follow Ledger Live prompts to connect your Ledger device.
- Name each account for easy identification.
Step 5: Verify Accounts and Balances
Once added, Ledger Live displays balances and transaction history for each account. Regularly check accounts to ensure accurate management and secure funds tracking.
Step 6: Backup and Recovery
Your recovery phrase secures all accounts. Maintain multiple offline backups to ensure wallet recovery. Never store your recovery phrase digitally or share it with anyone. This protects your crypto from theft and accidental loss.
Step 7: Sending and Receiving Crypto
Use Ledger Live to send and receive cryptocurrency securely. Always verify transaction details on your Ledger device. This ensures that no malware or malicious software can alter your transactions.
Step 8: Security Best Practices
Keep Ledger Live and firmware updated. Use strong PINs, passphrase-protected accounts, and avoid sharing your recovery phrase. Separate accounts for different cryptocurrencies for enhanced security. Never trust third-party software requesting private keys or recovery phrases.