Ledger Setup Guide

Welcome to the comprehensive Ledger Setup Guide. This presentation-style guide will walk you through everything you need to know about setting up your Ledger hardware wallet securely.

Table of Contents

• Introduction to Ledger
• Unboxing Your Ledger Device
• Installing Ledger Live
• Initializing Your Ledger Device
• Setting up Your PIN
• Backing up Your Recovery Phrase
• Installing Cryptocurrency Apps
• Receiving and Sending Cryptocurrencies
• Security Best Practices
• Frequently Asked Questions
• Conclusion

Introduction to Ledger

Ledger is a secure hardware wallet that allows you to store cryptocurrencies safely offline. Using Ledger, you have full control of your private keys and can manage multiple cryptocurrencies from one device.

Unboxing Your Ledger Device

When you receive your Ledger device, ensure that the packaging is intact and untampered. Inside, you should find:

• The Ledger hardware wallet
• USB cable
• Recovery sheets
• Instruction booklet

Installing Ledger Live

Ledger Live is the official software to manage your Ledger device and cryptocurrencies.

1. Download Ledger Live from Ledger Start.
2. Install the software following the on-screen instructions.
3. Open Ledger Live and select "Initialize a new device."

Initializing Your Ledger Device

Follow these steps to initialize your device:

• Connect the device to your computer using the USB cable.
• Follow on-screen instructions to select your preferred language.
• Choose "Set up as new device" to create a new wallet.

Setting up Your PIN

For device security, you will set up a 4-8 digit PIN:

• Use the buttons on your Ledger device to select numbers.
• Confirm your PIN by entering it twice.

Backing up Your Recovery Phrase

Your 24-word recovery phrase is the key to restoring your wallet. Important steps:

• Write down each word on the recovery sheet provided.
• Never store it digitally or share it with anyone.
• Confirm your recovery phrase on the device when prompted.

Installing Cryptocurrency Apps

Ledger supports multiple cryptocurrencies. To install apps:

• Open Ledger Live and navigate to the "Manager" section.
• Select the cryptocurrency app you want and click "Install."
• Follow on-device instructions to complete the installation.

Receiving and Sending Cryptocurrencies

To manage your assets safely:

• For receiving, generate a receive address in Ledger Live.
• Verify the address on your Ledger device before sharing.
• For sending, enter the recipient address in Ledger Live and confirm the transaction on your device.

Security Best Practices

• Always verify addresses on the device screen.
• Never share your PIN or recovery phrase.
• Keep your Ledger device and recovery sheet secure offline.
• Regularly update Ledger Live and device firmware.

Frequently Asked Questions

Q: What if I lose my Ledger device?
A: You can restore your wallet on a new Ledger using your 24-word recovery phrase.

Q: Can I use Ledger with multiple computers?
A: Yes, Ledger can be used on multiple computers using Ledger Live.

Q: Is Ledger compatible with all cryptocurrencies?
A: Ledger supports hundreds of cryptocurrencies; check the Ledger Live app catalog for specifics.