Ledger Wallet: Complete Beginner's Guide

Ledger wallets provide the highest level of security for cryptocurrencies and digital assets. This guide walks you through every step of setting up your Ledger device, from unboxing to secure long-term use.

Step 1: Unbox and Inspect

Your Ledger package should include the hardware wallet, USB cable, recovery cards, and quick-start guide. Ensure the packaging shows no signs of tampering. Ledger devices never include a pre-filled recovery phrase. If you find one, stop setup immediately.

Step 2: Power On and Choose Setup

Connect the device to your computer or smartphone via USB. When powered on, select one of the following:

  • Create a new wallet: Generates a new recovery phrase and PIN.
  • Restore existing wallet: Enter a 24-word recovery phrase to recover a previous wallet.

Step 3: Set a Strong PIN

Choose a PIN that is hard to guess. Avoid sequences such as "1234" or repeated numbers. The PIN prevents unauthorized access to your wallet. Entering the wrong PIN multiple times will reset your device.

Step 4: Record Your Recovery Phrase

Your Ledger device generates a 24-word recovery phrase. This phrase is your backup to restore your wallet if the device is lost or damaged.

  • Write the words on the provided card in the correct order.
  • Do not store it digitally or take a picture.
  • Store in a safe offline location.
  • Never share your recovery phrase with anyone.

Step 5: Install Ledger Live

Ledger Live is the official companion app to manage your crypto securely. Install Ledger Live only from official sources. Through it, you can:

  • Install cryptocurrency apps on your Ledger device.
  • Monitor balances and portfolio in real-time.
  • Send and receive cryptocurrency safely.

Step 6: Connect Device to Ledger Live

Launch Ledger Live and connect your device. Unlock it with your PIN. Ledger Live will verify device authenticity to ensure it hasn’t been tampered with.

Step 7: Install Cryptocurrency Apps

Each cryptocurrency requires its own app on the Ledger device. Install only the apps you need to keep your device efficient and organized.

Step 8: Add Accounts

After installing apps, add accounts in Ledger Live. Select “Add Account,” connect your Ledger, and approve the action. Accounts will now appear in your dashboard.

Step 9: Receive Cryptocurrency

Click “Receive” in Ledger Live and select the desired account. Verify that the address displayed on the device matches the app. Then share the address for deposits.

Step 10: Send Cryptocurrency

To send crypto, select “Send,” input recipient address and amount, and confirm on your Ledger device. Always verify the details carefully before confirming.

Step 11: Update Firmware Regularly

Firmware updates enhance device security and functionality. Update your Ledger only via Ledger Live to ensure authenticity and protection against vulnerabilities.

Step 12: Long-Term Security Practices

  • Store recovery phrase securely offline.
  • Always verify addresses on the Ledger before sending funds.
  • Stay vigilant for phishing scams.
  • Keep Ledger Live and device firmware up to date.
  • Consider a safe, fireproof backup for recovery phrases.

You're Ready to Use Ledger!

Your Ledger hardware wallet is now fully configured. By following this guide, you’ve established a secure foundation for sending, receiving, and managing your cryptocurrencies with peace of mind.