Using the Ledger Nano S – Instructions for Use

Ledger Nano S nutzen - Anleitung zum Gebrauch

Connect Ledger to Computer and Create Wallet

The Ledger products are among the most popular and well-known offline wallets. They combine security with state-of-the-art technology at reasonable prices.

The first two steps of the instructions for the Ledger Nano S consist of connecting the external device to the computer in order to then be able to create a new wallet. Connecting to the computer is very easy, as you only need to connect the Ledger to your home PC or laptop using a USB cable. The second step is to use the Ledger to set up a new wallet. Then it is important to choose a PIN code, which is done using the buttons on the Ledger Nano S.

to the Ledger Nano S

Set up Recovery Option for Backup

The next step within the Ledger Nano S instructions is particularly important, as it concerns the recovery option. Since you can only access your wallet with the Ledger after complete setup, it would of course be fatal if the storage medium were destroyed or lost. It is therefore extremely important to set up the so-called recovery option. This works by noting down 24 different words. These serve as a kind of key with which you can restore your wallet at any desired time, even if the Ledger no longer works.

Install App and Send or Receive Coins

After performing the recovery option, you only need to perform one more step to complete the full setup, namely installing a special Ledger App on your PC. Then you can use the Wallet to send cryptocoins from there and of course you can also receive coins from other addressees in your wallet. If you want to send a specific cryptocurrency from your wallet or using the Ledger, simply select Send in the corresponding menu. In this respect, the Ledger Wallet does not differ from other wallets, such as an online wallet.

In addition, the hardware manufacturer offers an easy and very clear solution with Ledger Live Software to conveniently manage all its digital currencies in one place. A very convenient feature. Click here to go directly to Ledger Live.

Overall, the setup and use of the Ledger Nano S as a hardware wallet is therefore not complicated if you use the aforementioned instructions. In principle, such hardware wallets are definitely considered much safer than online wallets these days, especially if it is basically just a crypto account on a cryptocoin exchange, which is usually not even provided with a private or public key.

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