If you’ve recently purchased a Ledger hardware wallet, you’re taking an important step toward securing your cryptocurrency. Ledger devices are highly regarded for their ability to keep your assets safe with advanced security features. In this guide, we’ll walk you through the process of setting up your Ledger device and getting started with your crypto storage.
Upon receiving your Ledger wallet, unbox it carefully and make sure all the contents are intact. Your Ledger device should come with the hardware wallet itself, a USB cable, and a recovery sheet. This recovery sheet is critical for securing your funds and restoring your device in case of damage or loss.
Ledger Live is the official application for managing your Ledger hardware wallet. Download the Ledger Live software from the official website and install it on your computer or mobile device. This application will allow you to interact with your wallet, manage cryptocurrencies, and perform backups.
Once your Ledger Live application is installed, open it and select the option to initialize your Ledger device. Follow the on-screen instructions to set up your device. The first thing you will be prompted to do is choose a PIN code. This PIN code helps protect access to your wallet, and it should be kept confidential. You will be asked to confirm the PIN by entering it twice.
After setting your PIN, the next critical step is to write down your recovery phrase. This phrase is a series of 24 words generated by your Ledger device, and it’s essential for recovering your wallet in the event that your device is lost, stolen, or damaged. Write this recovery phrase on the sheet provided, and store it in a secure location away from your device. Never share your recovery phrase with anyone, as it grants full access to your funds.