HomeTUTORIALCRYPTO STORAGE WalletLedger Nano S Wallet: A Beginner's Guide

Ledger Nano S Wallet: A Beginner's Guide

Ledger Nano S? Is it safe?

There are many different types of bitcoin storage wallets that we should know if we intend to invest in cryptocurrencies, in addition to very secure hot wallets like Blockchain wallet, ?Trustwallet, Atoken wallet, Trezor wallet,… Today Blogtienao I will introduce to you in detail about Ledger Nano bitcoin cold wallet WILL

For those of you who have experience in safe bitcoin storage, they can store bitcoins in the wallets listed top 9 best bitcoin storage wallets.

However, it requires experience and blood, to ensure that you secure your email, 2fa, computer, and phone absolutely to avoid being hacked and lead to unjust money loss.

Statistics show that in 2018 hundreds of millions of dollars were hacked for this reason.

So according to BTA's experience, I would like to recommend Ledger Nano S wallet if you intend to invest in bitcoin or invest in Altcoins. You can buy Ledger wallet original price here

What is Ledger?

Founded in 2014, Ledger is a leader in security and infrastructure solutions for cryptocurrencies and applications. blockchain.

Headquartered in Paris, Vierzon, New York, San Francisco and Hong Kong, Ledger has a team of over 200 professionals who develop a variety of products and services to protect crypto assets for individuals and companies – including the Ledger line of hardware wallets that have been sold in 165 countries.

What is Ledger Nano S?

Ledger Nano S is a product from Ledger company, is a cold wallet to store bitcoin and more than 1 different altcoins, many coins are supported in the ledger, including Ripple (XRP). The reasons why you should choose Ledger are undisputed:

  • Cheapest in cold wallet lines hehe.
  • More secure and safe than hot wallets.
  • Simple and easy to use.
  • Supports many coins, according to current information, supports more than 1100 altcoins.
  • ...

Currently, in hand Blogtienao I have 1 original seal, I will open it and introduce the details and how to use it for everyone. Open the box we will see as shown below: A USB, a cable to connect the USB to the computer, a wire to attach to the USB as a USB hanger for that beauty, 1 sheets of Backup Phrase - This is very important, if you lose your USB, thanks to this 1 words backup phrase, you can restore it to its original state, so don't let anyone see these 3 words.

Ledger Nano bitcoin storage wallet WILL
Ledger Nano bitcoin storage wallet WILL
Ledger Nano bitcoin storage wallet WILL
Ledger Nano bitcoin storage wallet WILL
Ledger Nano bitcoin storage wallet WILL
Ledger Nano bitcoin storage wallet WILL

Ledger Nano Wallet Activation Instructions

Feeling good then, let's proceed with the installation, you attach the USB connection cable to the computer, it will display as shown below.

Ledger Nano bitcoin storage wallet WILL
Ledger Nano bitcoin storage wallet WILL

On the USB screen, it will display the basic instructions in English, but you just need to understand briefly: the left button is backward, the right button is forward, press 2 buttons to select (as in the picture above). you press 2 buttons at the same time to start). When finished, it will show the first choice like: install new or restore the old one. And you select and press it will appear as shown below.

cold wallet bitcoin ledger nano s
cold wallet bitcoin ledger nano s

A very special note about this, for a new product with a seal, when you install it, it will ask you to activate the PIN and 24 words from the backup phrase first. As for the old product, when attaching the USB to the computer, it will ask for a pin code, not an activation. Some of you are greedy, buy in the wrong place, scammers sell you USB cheaply, print the pin code and put it in the box, when it is attached to the machine, get the available pin code to log in, it will determine the bridge. because they can take away all the money you are storing in the ledger. So please pay close attention

Ok, continue, you enter the new PIN, enter it twice to confirm, then press 2 buttons at the same time it will switch to 2 Phrase Backup (24 backup words). You will see these 24 words, carefully write them on 24 sheets of paper. Ledger will ask you to confirm these 3 words on the USB. Thus, the new activation for the new USB with the seal has taken place

cold wallet bitcoin ledger nano s
cold wallet bitcoin ledger nano s
Ledger nano s is ready
Ledger nano s is ready

Instructions to Create a Bitcoin Wallet on Ledger Nano WILL

Step 1: Click here to download 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 you should do is set a password for that application, so that every time you turn on the application, it will ask for the password. After that, you restore the Manager as shown below, because this is a new USB, and when you go to the Manager, it will ask for permission to access the USB, on the USB screen, confirm, then install the applications. store the coin you intend to store

how to use ledger nano s wallet
how to use ledger nano s wallet

Step 2 : You look at the Account section in the middle left corner, there is a plus sign (Add Account), you click there to add the coins that you manage (note: 1 Ledger can only store about 4-5 coins. )

how to use ledger nano s wallet
how to use ledger nano s wallet

As the picture above is, I choose Add Account Bitcoin, and it asks to select the Bitcoin icon displayed in the USB Ledger, the picture below the right is Ethereum, you press the left button for it to pass Bitcoin and then press 2 buttons simultaneously choose is ok. Then press Continue to continue.

how to use ledger nano s wallet
how to use ledger nano s wallet

Step 3 : You give a name to display for your Ledger Live Bitcoin wallet, like me, I put it Bitcoin HenVai, Stick and option on the right and then press Add Account ! So you have successfully created a Bitcoin Account under the name Bitcoin HenVai, and can create additional wallets for Ethereum, Litecoin, Ripple, etc., it's up to you!

 

Step 4 : Click on the Bitcoin HenVai icon, Click Receive to create a bitcoin address. (This bitcoin address can receive money from friends, companies… many times and only needs this 1 address)

On the USB Ledger, select the Bitcoin icon to allow the Ledger Live application from your computer to connect to the USB Ledger.

how to use ledger nano s wallet
how to use ledger nano s wallet

Step 5 : When the connection is successful, you click the Continue icon, through the confirmation step, On the computer it will display the Bitcoin address and the QR Code of that Bitcoin, and in the USB Ledger it will display the bitcoin address and confirm if the bitcoin address in the USB Ledger is the same as in the computer, if it is the same, please click confirm on the USB Ledger.

I covered my QR Code and my address, but the actual picture isn't that bad haha.

Confirm if the address is the same, then 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 own, you can transact to receive and send bitcoins.

Instructions To Receive And Send Bitcoin On Ledger Nano Wallet WILL

1. Get Bitcoin

Receiving bitcoins is quite simple, creating a wallet above helps you have a bitcoin address, you just need to use that address to receive bitcoins

2. Send Bitcoins

On the right corner of the Ledger Live application, select “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, choose LTC
  • Recipient address : receiving address
  • Amount : Amount you want to send
  • Network fees: transaction fees, just let it be standard

Sending coins out will go through 4 steps as shown

  1. The Detail step is the details of the information to send
  2. Next step is Device, connect to USB Ledger
  3. Vertification Step: after connecting to USB Ledger, you will have to confirm with the USB ledger by pressing the button on the USB to confirm
  4. The final step is confirmation: is a step to carefully review whether the information sent is correct and then confirm it a second time! And the amount will be sent on request

Instructions To Receive And Send ETHEREUM On Ledger Nano Wallet WILL

To receive and send ETH, you must first create an ETH wallet. The steps are performed exactly the same and the sending and receiving are the same as with BTC above

Receive And Send USDT-ERC20

On Ledger updated to the latest firmware, there is support for storing USDT-ERC20. You go to the Ethereum Wallet address, select add Token

You choose the coin USDT, then follow the steps to confirm.

In fact, this address is the ETH address, but you follow the steps for the correct process to add the confirmed USDT has been generated.

And you can safely store USDT here if you are afraid of “the floor is collapsing”.

Conclude 

Blogtienao has guided you in the most detail about Ledger Nano S wallet, what are the advantages and disadvantages of Ledger cold wallet. The article also introduces details on how to use it, how to identify new and used goods, how to secure what is important, and why you should choose Ledger as a wallet to store bitcoins and altcoins if you are determined to start. long term investment and hold to die. Put the coin in the USB and then bring it to the safe to store it for your children and grandchildren (just kidding). Hope you guys always support Blogtienao. If you want to buy Ledger Cold Wallet or have any questions about Ledger topic, please inbox Fanpage Blogtienao nhé

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37 COMMENTS

  1. Currently ledger nano s only supports 4 coins, but my need to store 5 coins, so I get the coin and then delete 1 acc on the lerged device to download another acc to store it, if you want to use it later If I use it, I delete another acc to reinstall the first one, will my coins be lost?

  2. May I ask how long this ledger wallet can be stored, is there any problem with keeping this USB for a long time? If there is a problem that I cannot open it, what should I do?

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Virtual Currency Bloghttps://blogtienao.com/
Hi, I'm Hen Vai, Founder of Blogtienao (BTA), I'm very passionate about community, that's why blogtienao was born in 2017, hope the knowledge on BTA will help you.
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