- 1 Ledger Nano S instructions – the hardware wallet made easy
Ledger Nano S instructions – the hardware wallet made easy
Cryptocurrencies are becoming increasingly popular and are continuing to evolve. Consequently, staying up to date is not always easy and can be particularly noticeable when managing new and old types of crypto money. In addition to paper and software e-wallets, we are increasingly finding more hardware wallets on the market. One such well-known and respected hardware wallet is the Ledger Nano S. Using the Ledger Nano S is straightforward. Setting up the wallet is the first item in the following guide. Once completed, sending, receiving and storing cryptocurrencies is very secure. The Ledger Nano S supports Bitcoin, Litecoin, Ethereum and so-called Altcoins. The French manufacturers are constantly working on firmware extensions for this e-wallet. These updates will support more cryptocurrencies and extend the usefulness of the Ledger Nano S in the future.
Ledger Nano S instructions – setting up the wallet before use
To set up the Ledger Nano S, only a computer with a Windows, MacOS or Linux operating system is necessary. The manufacturer’s website of the manufacturer lists the detailed steps to set up the e-wallet. The address of this page is on the Get Started card, included in the packaging.
A USB cable supplied with the Ledger Nano S connects the device to the computer. Once recognized, the device can be selected in the screen options. The Ledger Nano S itself also features an intuitive and easy-to-read OLED screen that is visible even in sunlight. Using this display immensely simplifies operations with the hardware wallet, as it shows all relevant information clearly. The user can choose to create a new wallet on the Ledger Nano S or to install an existing e-wallet. Following the selection, the hardware wallet prompts for and confirms a PIN. This must be entered using the buttons on the device.
Ledger Nano S instructions – recovery passwords
Next, to verify both the entry of each PIN number and the entire PIN, both keys of the Nano S must be pressed simultaneously. If the assignment and confirmation of the PIN are successful, the software now displays what are known as recovery words. On every such occasion, it is most important to note these recovery passwords in case the wallet subsequently needs to be restored. Without these recovery keys, the recovery process will not be possible. Also, the recovery key words offer unrestricted access to your wallet. Since this should not be revealed to anyone else, it is essential to treat this information with care and keep it safe. When all this is done, the next step is to install apps on the Ledger Nano S.
Ledger Nano S guide – installing applications
To work with the Ledger Nano S, we have to install a cryptocurrency wallet application on the device. All supported wallets can be downloaded for Windows, Linux and MacOS platforms from the manufacturer’s website. Before this, we download the Ledger Manager. Once installed, wallet installation is as simple as a click in the ledger management software. The process is convenient and self-explanatory; we should check we are happy that everything completes quickly and works well. Currently, Bitcoin and Altcoin wallets are available. Ledger Nano S also supports Ripple wallet, Ethereum wallet and the ledger authenticator software. These options add even more security to Nano S operations. Incidentally, if you require DASH, Dogecoin or Lightcoin management, this is via the Bitcoin Wallet, which works with these alternatives.
Ledger Nano S instructions – using the hardware wallet
Wonderfully simple and intuitive, putting the Ledger Nano S into operation is quick and simple. Firstly, connect the hardware wallet to the computer. The prerequisite for error-free operation is that the desired wallet must have been previously opened on that particular computer. If so, the Ledger Nano S detects it. Now, you have to press both buttons at the same time to open the wallet. You should now be able to navigate and control the device using the keys. The user can select the menu items ‘Send’ and ‘Receive’. Pressing the receive button displays a QR code. In addition, the public key is also visible. It is now possible to send, receive and store Bitcoins or other configured cryptocurrencies safely, using the Ledger Nano S. Pressing the send dialogue triggers a send when confirmed separately on the keys requested. Reassuringly, only when this is correctly completed will your cryptocurrency be sent to the recipient’s wallet.
Ledger Nano S instructions – disconnecting the hardware wallet
When all the send and receive actions are complete, the Ledger Nano S displays an instruction to disconnect the hardware. Firstly, however, the wallet should also be closed properly on the software side. To do this, navigate using the right-hand menu to the ‘Quit App’ menu item. Then, confirm that you have left the application by pressing both device keys simultaneously. Once the logout is successful, remove the USB cable and stow the wallet safely, because security is essential. Then, with the Ledger Nano S, you can lean back and relax. Without a corresponding connection, the hardware wallet cannot fall victim to third party manipulation or theft.
Alexander Weipprecht is the managing partner of Provimedia GmbH. As a trained IT specialist for application development, he has been advising leading companies on the following topics for more than 10 years: online marketing, SEO and software. Cryptocurrency is becoming increasingly important to businesses and investors. Through Coin Report and Krypto Magazin Germany, Alexander wants to give all people easy access to the subject matter.