Ledger Wallet is a hardware digital currency wallet designed by Ledger. It is a multicurrency wallet which is used to store the private keys for digital assets offline. Ledger provides two hardware wallets called Ledger Nano S and Ledger Nano X wallets. These wallets are device-based meaning they use storage apparatus like USB drives to keep private keys safe from hackers. Ledger live wallet offers the safest and most user-friendly hardware wallets that store your private keys in a secure hardware device. In this piece of information, you will know all the important information about Ledger Nano S.
How to Set Up a Ledger Wallet via the Ledger Live Login?
In this section of the reading, you will know the methods to set up a new Ledger live Wallet, using the Ledger Live app. It is the official desktop app from Ledger which functions as an interface with the Nano S wallet. The private key, which helps to restore all of your digital assets from the blockchain, will be kept securely offline in the Ledger Nano S.
First of all, visit the URL https://www.ledger.com/pages/ledger-live.
On the homepage, tap on the Download button and select the desired device.
Launch the app and install it on your device.
Then, double-tap on the Ledger Live Wallet icon.
On the main page, tap on the Get Started button.
Select the Initialize as a new device option.
Now, choose your Ledger Wallet and hit the Continue button.
Generate a PIN code
Open the Ledger Live app on your device.
Choose the Initialize as a new device option.
Now, select the Choose Your Pin Code tab.
Connect your Ledger Live Wallet through a USB cord to your PC. Press both the buttons on the Ledger Nano S together.
Once the screen on the Ledger Nano S shows Configure as a new device, press the right button.
Again hit both the buttons to select a PIN code. Note: This PIN code will be between 4 and 8 digits long.
Then, re-enter the code and press both the buttons together to confirm it.
After that, the Ledger Live Wallet will generate a 24-word seed that will be used to access your cryptocurrency.
How to Restore the Ledger Live Wallet?
To restore your Ledger live Wallet through the Recovery phrase you can follow the easy steps provided below.
To begin with, move to the official Ledger Live Wallet website.
Connect & unlock your Ledger Wallet.
Then, follow the instructions visible on the screen.
To select Restore from the recovery phrase option hit both buttons at the same time.
Now, create a new PIN code for your wallet.
After that, re-enter that code to confirm it.
Lastly, input the recovery phrase to access your Ledger Wallet.
How to Use a Ledger Live Wallet to Verify the Transaction?
You can send digital assets through your account in the Ledger Live app. To verify your transaction via Ledger Live Wallet go through the steps mentioned below.
For this step, you have to launch the Ledger Live Wallet app on your computer.
Then, click on the Send button visible at the top.
From the drop-down menu, choose the Account to debit.
Input the destination address and tap on the Continue icon.
Enter the desired amount and hit the Send tab.
Select the Network Fees from the given list and press the Continue button.
Now, you need to verify the transaction before moving forward.
Unlock your Ledger Wallet and connect it to your device.
Verify all your transaction details on your wallet.
After that, hit both the buttons together to Accept and Send your transaction.
Tap on the View Details to track the transaction.
Frequently Asked Questions
Question: How can I receive crypto on my Ledger Wallet?
Answer: Launch the Ledger Live app on your smartphone and sign in to your account.
Click on the Receive button.
Pick your account to credit and tap on the Continue tab.
Connect and unlock the Ledger Wallet.
Read the instructions on the screen and hit the Verify button to view an address on your wallet.
Now, verify the address visible on your Ledger Wallet screen.
Question: Is Ledger Wallet safe for my digital assets?
Answer: Yes, your assets are safe in Ledger Live Wallet because it provides ultimate security, supports over 1500 digital currencies, can be managed through your smartphone, and provides a comfortable design. It is more secure than a digital wallet that is linked to the internet and can easily be hacked. Being a hardware wallet, all the cryptocurrencies that are stored in Ledger Wallet are held offline.
Question: How do I sell the crypto I have in my Ledger Wallet?
Answer: First, go to the official Ledger Live Wallet site.
Hit the Buy/Sell tab.
Select the currency you want to sell and tap on Continue.
Then, connect & unlock your Ledger Wallet.
Enter the desired amount and tap on the Sell now button.
Now, verify the transaction details on your Ledger device and press both the buttons to confirm the process.