Ledger Nano S? Is it safe?
There are many different types of bitcoin storage wallets that we should be aware of if you intend to invest in cryptocurrencies, in addition to very secure hot wallets such as Blockchain wallet, ? Trustwallet, Atoken wallet, Trezor wallet, ... Today Blogtienao will introduce you guys in detail Ledger Nano S bitcoin storage cold wallet
For those of you who have experience with safe bitcoin storage, they can store bitcoins in the wallets listed Top 9 best bitcoin storage wallets.
However, it requires blood experience, make sure that you keep your email, 2fa, computer, phone absolutely secure to avoid being hacked and lead to injustice.
Statistics show that in 2018 hundreds of millions of dollars were hacked for this reason.
Therefore, according to BTA's experience, Ad would recommend Ledger Nano S if you intend to invest in bitcoin or Altcoins. You can buy original Ledger wallet squid fishing tours
What is a Ledger?
Founded in 2014, Ledger is a leader in security and infrastructure solutions for cryptocurrencies and applications. blockchain.
Based in Paris, Vierzon, New York, San Francisco and Hong Kong, Ledger has a team of more than 200 professionals developing a variety of products and services to protect crypto assets for individuals and companies - including the Ledger line of hardware wallets, sold in 165 countries.
What is the Ledger Nano S?
Ledger Nano S is a product from Ledger company, is a cold wallet to store bitcoins and more than 1 different altcoins, many coins are supported in the ledger, including Ripple (XRP). The reasons why Ledger should be chosen are not debatable:
- The cheapest in the hehe cold wallet.
- More secure and secure than hot wallets.
- Simple and easy to use.
- Support multiple coins, according to current information, supports more than 1100 altcoins.
Currently, in hand Blogtienao Having a full seal, I will open it up and introduce details and usage to everyone. Unpack the box we will see as below picture: A USB, 1 cable to connect USB to the computer, 1 wire to attach to the USB as a USB cable for so beautiful, 1 sheets of Backup Phrase - This is very important, unfortunately you lost your USB, thanks to the 3 words backup phrase that you can restore the original state, so don't let anyone see these 24 words.
How to Activate Ledger Nano S Wallet
Feel good then that, we proceed to any installation, you attach the USB connection cable to the computer, it will display as shown below.
On the USB screen, it will display the basic instructions in English, but you just need to understand briefly: the left button is back, the right button is coming, press the 2 buttons is selected (as above picture is press the 2 buttons at the same time to start). When done, it will display the first choice such as: new installation or restore the old one. And you select and press it will appear as shown below.
The very special note about this, for a brand new product, when you install it, it will ask you to activate your PIN and 24 words of backup phrase first. As for older products, when USB is inserted into the computer, it will ask for the pin code, not activate it. Some of you are cheap, buy in the wrong place, scammers sell cheap USB for you, pre-print the pin code and put it in the box, when attached to the machine, take the pin code available to log in, then determine to go. Because they can take away all the money you are keeping in the ledger. So please pay close attention
Ok, continue, you enter a new PIN, enter 2 times to confirm, then press 2 buttons at the same time it will switch to 24 Phrase Backup (24 from backup). You will see these 24 words, carefully write out the 3 sheets of paper. Ledger will ask you to validate these 24 words on USB. So the new activation for the brand new USB seal has already taken place
Guide To Create Bitcoin Wallet On Ledger Nano S
Step 1: Click here to download the Ledger Live software
This is a software to help you manage more easily on the desktop, there is also a mobile version. After installing the Ledger Live software, the first thing is that you should set a password for the application, so every time you turn on the application, it will ask for a password. After that, you disable Manager as shown below, because this is a new USB, and when you go to Manager, it will ask for permission to access USB, on the USB screen, you confirm, then install the application. Store the coins you plan to store
Step 2 : Look at the Account section in the middle of the left corner, with a plus sign (Add Account), you click there to add coins that you manage (note: 1 Ledger can only store about 4-5 coins only) )
As shown in the picture above, I selected the Add Account Bitcoin, and it required to select the Bitcoin icon displayed in the USB Ledger, the image on the right is Ethereum, press the left button for it via Bitcoin and then press simultaneously 2 buttons choose is ok. Then press Continue to continue.
Step 3 : You name to display for Bitcoin wallets on your Ledger Live, like I do Bitcoin HenVai, Stick and the right option and then press Add Account ! So you have successfully created a Bitcoin Account under the name Bitcoin HenVai, and can create more Ethereum, Litecoin, Ripple, ... wallets, depending on you!
Step 4 : Click on the icon HenVai Bitcoin, Click Receive to create a bitcoin address. (This bitcoin address can receive money from friends, company ... many times and only needs this 1 address)
On USB Ledger, select the Bitcoin icon to allow the Ledger Live application from the computer to connect to the USB Ledger.
Step 5 : Once connected successfully, click the Continue icon, through the confirmation step, On the computer, it will display Bitcoin's Bitcoin address and QR Code, and in USB Ledger it will display the Bitcoin address. and confirm whether the bitcoin address in USB Ledger is the same as in the computer, if it is the same then the confirmation click on USB Ledger offline.
I covered the QR Code and my address, but the picture is actually not that bad haha.
Confirm the address is the same, press the right button on the USB to confirm. Once confirmed, that Bitcoin address is already the BTC address on the USB Ledger that you currently own, you can trade and send bitcoins.
Instructions To Receive And Send Bitcoin On Ledger Nano S Wallet
1. Get Bitcoin
Getting bitcoin is quite simple, creating a wallet above helps you have a bitcoin address, you just need to use that address to receive bitcoin.
2. Send Bitcoin
On the right corner of the Ledger Live app, choose “Send”
- Account to debit: choose an account, if you send bitcoins, you can choose a Bitcoin HenVAi or Bitcoin PAPA account as shown, if you send LTC then choose LTC
- Recipient address: the receiving address
- Amount: The amount you want to send
- Network fees: transaction fees, just to standard is okay
Sending coins out will go through 4 steps as shown
- The Detail step is the details of the information to send
- The next step is Device, connected to USB Ledger
- Vertification Verification step: after connecting to the USB Ledger, you will have to confirm with the USB ledger by pressing the button on the USB to confirm.
- The final step is confirmation: a thorough review to see if the information submitted is correct and then confirmed again 2nd! And the money will be sent on request
Instructions for Receiving And Sending ETHEREUM On Ledger Nano S Wallet
To receive and send ETH, you must first create an ETH wallet first. The steps are done exactly the same as with the send and receive exactly the same with the BTC above
Receive And Send USDT-ERC20
The latest firmware update on Ledger has support for USDT-ERC20 storage. Go to the address of the Ethereum Wallet, select Add Token
You choose USDT coin, then follow the steps to confirm.
In fact, this address is the ETH address, but follow the steps for the correct process to add USDT has been verified.
And you can rest assured to store USDT above if you are afraid "the floor collapses".
Blogtienao has instructed you the most detailed about Ledger Nano S wallet, the advantages and features of Ledger cold wallet is like. The article also details usage, new and used identifiers, how to secure what's important, and why you should choose Ledger as your bitcoin and altcoin storage wallet if you identify it first. Long-term investment and hold to die. Put the coin on USB and then put it in the storage safe for your children and grandchildren (jokingly). Hope you always support Blogtienao. If you have a need to buy Ledger Cold Wallets or have any questions about Ledger topic, please inbox Blogtienao fanpage nhé
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