Introduction to Ledger Start
Ledger Start is the official guide to securely managing cryptocurrency using Ledger hardware wallets and Ledger Live Desktop. Whether you are a beginner or experienced investor, this guide covers step-by-step instructions for Bitcoin, Ethereum, and hundreds of supported tokens, ensuring your assets are safe from online threats.
Step 1: Choose Your Ledger Device
Ledger provides the Nano S, Nano S Plus, and Nano X models. Selecting the right device depends on the number of cryptocurrencies you plan to manage and whether you prefer Bluetooth connectivity. Always purchase Ledger devices from official sources to ensure authenticity.
Step 2: Install Ledger Live
Ledger Live is essential software for account management, portfolio tracking, and secure transactions. Available on Windows, macOS, and Linux, Ledger Live Desktop is downloaded from the official Ledger website. Verify the installer’s signature for security.
Step 3: Initialize Your Ledger Device
After connecting your Ledger hardware wallet, set a strong PIN and generate a 24-word recovery phrase. Keep this phrase offline in multiple secure locations. Your recovery phrase is the only way to restore your accounts if your Ledger device is lost or damaged.
Step 4: Add Accounts in Ledger Live
Ledger Live allows adding multiple accounts for Bitcoin, Ethereum, and tokens. This separation improves portfolio management and security.
- Open Ledger Live Desktop and click "Add Account".
- Select the cryptocurrency you want to manage.
- Follow prompts to connect your Ledger device.
- Name each account for easy tracking.
Step 5: Verify Your Accounts
Once accounts are added, Ledger Live shows balances and transaction history. Regularly verify accounts to ensure all funds are secure and accurately displayed.
Step 6: Backup and Recovery
All accounts are protected by your 24-word recovery phrase. Keep offline backups in secure locations. Never share this phrase digitally to prevent unauthorized access.
Step 7: Sending and Receiving Crypto
Ledger Live allows secure sending and receiving of cryptocurrency. Always confirm details on your Ledger device screen before approving transactions to prevent malware or fraudulent activity.
Step 8: Best Security Practices
Keep Ledger Live and device firmware updated. Use strong PINs, consider passphrase-protected accounts, and maintain separate accounts for different cryptocurrencies. Never trust third-party software requesting your recovery phrase or private keys.