Your Guide to Securing Cryptocurrency Assets
Welcome to the world of secure cryptocurrency management. Ledger hardware wallets provide the highest level of security for your crypto assets, keeping your private keys offline and protected from online threats.
Hardware wallets like Ledger provide an extra layer of security by storing your private keys in a secure, offline environment. Unlike software wallets or exchange accounts, your assets remain protected even when interacting with potentially compromised computers.
Private keys never leave the device
Immune to computer viruses and malware
Require physical confirmation for transactions
Support for multiple cryptocurrencies
Private keys stored on internet-connected devices
Vulnerable to malware and phishing attacks
Transactions can be approved with a single click
Convenient but less secure
Carefully open your Ledger hardware wallet package. Ensure all security seals are intact and the device shows no signs of tampering. Your package should include the hardware wallet itself, a USB cable, recovery sheets, and keychain strap.
Use the provided USB cable to connect your Ledger device to your computer. The device will power on automatically. If this is your first time using the device, it will prompt you to configure as a new device or restore from recovery phrase.
Create a secure PIN code for your device. This code will be required every time you connect your Ledger device. Choose a code that is difficult to guess but memorable to you. The device will lock after three incorrect PIN attempts.
Your device will generate a 24-word recovery phrase. Write these words down in the exact order on your recovery sheet. This phrase is the only way to recover your funds if your device is lost, stolen, or damaged. Store it securely and never share it with anyone.
The device will ask you to confirm your recovery phrase by selecting words in the correct order. This step ensures you have properly recorded your recovery phrase and understand how to use it if needed.
Download and install Ledger Live, the official companion application for your Ledger device. This application allows you to manage your cryptocurrency portfolio, install apps for different cryptocurrencies, and perform transactions securely.
Ledger devices utilize a secure element chip, similar to those used in passports and credit cards, to provide military-grade security for your private keys. This specialized hardware is designed to be resistant to both physical and software attacks, ensuring your assets remain protected at all times.
Bank-level security chip protects your private keys from physical and software attacks
Companion application for easy portfolio management and transaction operations
Manage Bitcoin, Ethereum, and over 1,500 other cryptocurrencies and tokens
Device access requires a secure PIN code, with automatic lock after incorrect attempts
Ledger hardware wallets incorporate multiple layers of security to protect your digital assets:
All cryptographic operations occur within the secure element of the device, completely isolated from your computer or smartphone. This means your private keys never leave the device, even during transactions.
Every transaction must be physically confirmed on the device itself by pressing buttons. This prevents malicious software from initiating unauthorized transactions without your knowledge.
Ledger devices follow the industry-standard BIP39 protocol for recovery phrases, ensuring compatibility with other wallets and future devices.
To maximize the security of your Ledger device and cryptocurrency assets, follow these important guidelines:
Your recovery phrase is the master key to all your cryptocurrency assets stored on the Ledger device. Never store it digitally, take photos of it, or type it into any computer or website. Legitimate services will never ask for your recovery phrase.
Keep your Ledger device firmware updated through Ledger Live to ensure you have the latest security patches and features. These updates help protect against newly discovered vulnerabilities.
Always verify receiving addresses on your Ledger device screen before sending funds. Malware can alter addresses displayed on your computer to redirect funds to attacker-controlled wallets.
Only purchase Ledger devices from the official Ledger website or authorized resellers. This prevents the risk of receiving pre-configured or tampered devices that could compromise your security.