Ledger is a popular hardware wallet designed to safely store your cryptocurrencies offline. This guide will help you set up your Ledger wallet for the first time using the official Ledger Live app, so you can securely manage your crypto assets.
Ledger Live is the companion software for your Ledger hardware wallet. It allows you to manage your accounts, check balances, send and receive cryptocurrencies, and update device firmware.
To download Ledger Live, go to ledger.com/start and select your operating system (Windows, macOS, Linux, iOS or Android). Download the installation file and run it on your computer or smartphone.
Once Ledger Live is installed, connect your Ledger hardware wallet to your computer or smartphone:
You will be asked to create a PIN code on your Ledger device. This pin (4 to 8 digits) secures your wallet from unauthorized access. Use the device buttons to set your PIN, and confirm it by entering it twice.
After setting your PIN, your Ledger device will generate a recovery phrase consisting of 24 words. This phrase is crucial as it allows you to recover your funds if your device is lost or damaged.
Ledger supports multiple cryptocurrencies by installing specific apps on the device. Within Ledger Live, you can install apps for Bitcoin, Ethereum, and many others.
After installing apps, add accounts to your Ledger Live:
By following these simple steps, you can securely manage your cryptocurrency holdings using your Ledger hardware wallet and Ledger Live software.