Ledger Hardware Wallet™ Official Guide
Introduction to Ledger Hardware Wallet™
The Ledger Hardware Wallet™ is a secure and reliable way to store cryptocurrencies offline. Unlike online wallets, it keeps your private keys offline, safeguarding them from hacks and malware. Combined with Ledger Live, it allows users to manage portfolios, send and receive crypto, and track transactions securely.
Key Features of Ledger Hardware Wallet™
- Offline storage of private keys.
- Support for 1,800+ cryptocurrencies and tokens.
- Secure transactions confirmed directly on the device.
- Integration with Ledger Live for portfolio management.
- Recovery using a 24-word phrase.
- Portable and durable design.
Setting Up Ledger Hardware Wallet™
Step 2: Connect your device to a computer or mobile.
Step 3: Initialize with a secure PIN.
Step 4: Write down the 24-word recovery phrase offline.
Step 5: Install Ledger Live and link your hardware wallet.
Using Ledger Live
Ledger Live complements your Ledger Hardware Wallet™, allowing:
- Real-time balance tracking.
- Sending and receiving crypto securely.
- Portfolio monitoring and transaction history.
- Integration with third-party providers to buy/sell crypto.
Keep Ledger Live updated to ensure compatibility and security, and always update your device firmware.
Security Tips
- Never share your recovery phrase.
- Use a strong PIN.
- Store the wallet in a safe place.
- Enable 2FA in Ledger Live.
- Update firmware regularly.
Buying and Trading Crypto
Step 1: Log in to Ledger Live with your hardware wallet.
Step 2: Navigate to “Buy/Sell” and select crypto.
Step 3: Complete KYC if required.
Step 4: Confirm transactions on your device.
Ledger Hardware Wallet™ FAQs
- What is Ledger Hardware Wallet™? – Secure offline crypto wallet.
- Can I store multiple cryptocurrencies? – Yes, over 1,800 coins and tokens.
- How to recover wallet? – Using the 24-word recovery phrase.
- Is it safe from hacks? – Private keys never leave the device.
- Do I need KYC? – Only for buying crypto through third-party providers.