Setting up the Ledger Nano S
What about Setting up the Ledger Nano S? The Ledger Nano S is quick to unpack, but it takes some setting up before you can launch into full operation with it. All the necessary information can be found either with the packaging provided or on the Internet.
Simplicity is always welcome when it comes to configuration and setup, and the French manufacturer behind the Ledger Nano S has certainly understood this point. This compact device that everyone is talking about instantly convinces with its ingenious technology.
Hardware wallets generally offer the best levels of security when dealing with cryptographic currency, and this is certainly true of the Ledger Nano S. Manipulation of the hardware wallet is only permitted if the device is connected to a computer.
This offers advantages over software wallets that some cryptocurrencies use exclusively. Software wallets are always more vulnerable because they are perpetually online. The Ledger Nano S can easily be disconnected and stored away. This requires no effort. Below is a straightforward guide on how to set up the Ledger Nano S.
Setting up the Ledger Nano S – first steps and PIN assignment
After unpacking the Ledger Nano S, it’s worth having a look at all the components included. The most important of these are the USB cable, the “Get Started” card and the security card. On the “Get Started” card, you’ll find the Internet address of the manufacturer.
You should definitely set aside some time to head to this URL and read up on your new hardware acquisition. The site is packed with useful material. Once you’re done, make sure your computer has been turned on so you can progress with installation.
Most operating systems, including Windows, Linux and macOS, will support the Ledger Nano S. Next, connect the hardware wallet with the USB cable provided. The Ledger Nano S should then be recognized by your computer.
Press both of the device keys simultaneously to turn on the OLED display. This display is easy to read and provides you with all the important information you require. Following this step, you’ll be asked to enter a PIN.
Confirm each individual number and the overall PIN by pressing the device keys simultaneously again. Once the PIN has been entered and confirmed, you’ll have successfully completed the first step of setup. The next step is to input the recovery words provided with the recovery card that come with the Ledger Nano S.
Setting up the Ledger Nano S – recovery words
The Ledger Nano S is programmed to output 24 recovery words. Please note; these words are provided with the recovery card packaged with the hardware wallet itself. This is an essential step when configuring your Ledger Nano S, so pay special attention here.
This word list is mandatory if you ever wish to restore your wallet settings in the event of any significant issues in the future. The recovery word list also allows you full access to cryptographic data. It’s imperative this list not fall into the hands of someone else, as they would then have access to your coins.
Even if the access is not authorized, the list will allow full access. After the device outputs all recovery words, it will then query them in random samples. For example, there may be a prompt for the ninth recovery word. Use the keys to enter the single letters. If you have set letters and words, confirm by pressing both keys simultaneously.
Once you have entered all the requested words correctly, the Ledger Nano S will be ready for operation. Now you should take a closer look at the manufacturer website. Once there, you’ll notice breakdowns of “Wallet Apps” and “Management Apps”. The latter is the one you should focus on first.
Setting up the Ledger Nano S – installing apps and wallets
When setting up your Ledger Nano S, you can’t avoid having to install apps. You’ll be best served by installing the Ledger Manager first. This provides you with a simple and efficient environment for installing additional apps in the future.
The Ledger Manager is based on Chrome for Windows, Linux or macOS. Please make sure you have Chrome installed on your computer. Alternatively, you can choose to use the ChromeOS. Once the Ledger Manager has been downloaded and installed, you can open it using Chrome.
Once opened, the program allows you to install additional apps on the hardware wallet with a simple click. This is the easiest way to install your desired apps. The app is also useful for updating the firmware of the Ledger Nano S.
If software updates are available for installed wallets, you can also update them using the Ledger Manager. This way, you always have immediate access to security updates. These are regularly provided by the hardware manufacturer.
The available apps are listed in the Ledger Manager. Clicking on the desired wallet will install it. Apps can be just as easily uninstalled using the Ledger Manager.
Setting up the Ledger Nano S – updating apps
If updates of apps become available, they will be displayed in the Ledger Manager. In order to update the wallet, the corresponding wallet must be uninstalled. Then install the latest version with a single click. The procedure corresponds to the basic installation process and is very simple and intuitive.
Currently, wallets for Bitcoin and Altcoins are available. A wallet for Ripple and Ethereum is also available. The list of supported coins and tokens is getting longer and longer, and can quickly be referenced online. The manufacturers of the Nano S are working hard to introduce this wallet to as wide a market as possible.
Thanks to all the efforts to make this hardware wallet so efficient, nothing stands in the way of secure storage and administration of your cryptocurrency. After opening the wallet, you can send and receive cryptocurrencies. After you do so, close the wallet and disconnect the USB cable before storing the device somewhere safe.
Now disconnected from the Internet, your hardware wallet is completely protected against unauthorized access. This makes the Ledger Nano S an ideal alternative to other types of wallet. The multi-wallet functionality and growing support for new currencies makes the Ledger Nano S a winning choice.
Coin-Report.net was founded by Thomas Mücke.
With the help of Coin-Report.net magazine, he tries to bring light to the field of crypto-currency.