What is Ledger?

Ledger is a leading manufacturer of hardware wallets designed to keep your cryptocurrency safe from online threats. Unlike software wallets that store your private keys on internet-connected devices, Ledger devices store your keys offline, providing maximum security for your digital assets.

Setting Up Your First Hardware Wallet

Getting started with Ledger is straightforward. First, purchase your device from the official Ledger website to ensure authenticity. Upon receiving your device, download Ledger Live software, which serves as your gateway to managing cryptocurrencies. Follow the setup wizard to initialize your device, create a PIN, and securely write down your 24-word recovery phrase.

Security Best Practices for Beginners

Never share your recovery phrase with anyone or store it digitally. Write it down on paper and keep it in a secure location. Always verify receiving addresses on your device screen before confirming transactions. Enable additional security features like passphrase protection for enhanced security.

Next Steps

Once your Ledger is set up, explore supported cryptocurrencies, learn about staking opportunities, and familiarize yourself with Ledger Live's features. Consider backing up your recovery phrase in multiple secure locations and stay updated with Ledger's firmware updates for optimal security.