Step 1: Unbox and Inspect
Ensure your Ledger device packaging is intact. Ledger hardware wallets are sealed; verify authenticity before setup. Keep packaging for future reference.
Step 2: Initialize Your Device
Power on, select "Initialize as new device," set a strong PIN, and generate a 24-word recovery phrase. Never store digitally.
Step 3: Install Ledger Live
Download Ledger Live from ledger.com/start
. Install it to manage accounts, install blockchain apps, and handle transactions.
Step 4: Add Accounts & Install Apps
Ledger supports multiple blockchains via apps. Install Bitcoin, Ethereum, and others. Add accounts in Ledger Live to monitor balances securely.
Step 5: Backup Recovery Phrase
Write down your 24-word phrase on the provided card. Store securely offline. Consider metal backups for durability. Recovery phrase restores wallet if device is lost.
Step 6: Test Transactions
Send a small amount to verify setup. Confirm addresses on-device. Always approve transactions after verifying details on Ledger device screen.
Ledger Live Overview
Ledger Live enables account management, crypto monitoring, and transaction execution. Private keys remain on the hardware wallet for security.
Security Best Practices
- Use a strong PIN; never share it.
- Store recovery phrase offline.
- Update firmware via Ledger Live only.
- Use passphrases carefully for hidden wallets.
- Verify all transactions on-device.
Advanced Security
Consider air-gapped setups, PSBT signing, or hidden wallets for high-value accounts. Multiple backups and secure locations reduce risk.
FAQs
Lost Device — How to Recover?
Use your recovery phrase on a new Ledger to restore funds. Losing the recovery phrase means losing access.
Ledger Live Secure?
Yes, Ledger Live manages accounts and communicates with the device securely. Private keys never leave the device.
Buying Crypto via Ledger Live?
Third-party integrations allow purchases; transactions still require on-device verification.
Final Checklist
- Device firmware updated
- Recovery phrase backed up
- PIN set and tested
- Ledger Live installed
- Test transaction completed
Following this guide ensures your Ledger wallet setup is secure. Always use official sources: ledger.com/start
.