Ledger Wallet Setup - Ledger Nano X Setup Tutorial
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This document provides step-by-step instructions for setting up a Ledger Nano X hardware wallet. It explains how to install the Ledger Live app, set up the device with a PIN and recovery phrase, install crypto apps, connect the device to the app, and receive the first cryptocurrency transaction of Bitcoin from Coinbase to demonstrate the process. The key details covered include downloading Ledger Live, initializing the device securely, safely storing the recovery phrase, pairing with the app, installing crypto apps, receiving and verifying the Bitcoin transaction.
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Ledger Wallet Setup - Ledger Nano X Setup Tutorial
- 1. Coursenvy® www.Coursenvy.com Setting up Your Ledger Nano X
- 5. Coursenvy® www.Coursenvy.com Step #1, install Ledger Live.
- 6. Coursenvy® www.Coursenvy.com Download Ledger Live ➢ Ledger Live is the software used to set up your device and manage your crypto assets. Download Ledger Live by selecting your device type.
- 7. Coursenvy® www.Coursenvy.com We have installed the Ledger Live app on our iPhone for this tutorial.
- 8. Coursenvy® www.Coursenvy.com Select the device you are setting up. We are setting up a Ledger Nano X. Then select “Set up a new Nano”.
- 9. Coursenvy® www.Coursenvy.com Swipe through to learn the basics about your Ledger Nano X.
- 10. Coursenvy® www.Coursenvy.com Now it is time to set up your Nano X. Make sure to have a pen and your Recovery Phrase cards.
- 11. Coursenvy® www.Coursenvy.com Recovery Phrase Cards In case you lose or break your Ledger Nano, you can still retrieve your crypto via this Recovery Phrase. Your 24-word recovery phrase must be kept secure (such as writing it down on these cards and storing it in a safe).
- 12. Coursenvy® www.Coursenvy.com Turn on your device by pressing the black button Nano X = black button on the left, silver button on the right
- 13. Coursenvy® www.Coursenvy.com Learn how to interact with your device and follow on-screen prompts.
- 14. Coursenvy® www.Coursenvy.com Press and hold both buttons to make a selection.
- 15. Coursenvy® www.Coursenvy.com Press and hold both buttons to “Set up as new device”.
- 16. Coursenvy® www.Coursenvy.com Choose a PIN code as a secure login for your Nano.
- 17. Coursenvy® www.Coursenvy.com Use the left and right buttons to change digits and confirm your PIN code.
- 18. Coursenvy® www.Coursenvy.com Next, you will be prompted to write down your Recovery Phrase. Have your pen and Recovery Phrase cards ready.
- 19. Coursenvy® www.Coursenvy.com Write down your Recovery Phrase. Then double check to confirm you wrote down each word in the correct “word #” and that you spelled each word correctly.
- 20. Coursenvy® www.Coursenvy.com Recovery Phrase Cards Now safely store your 24-word recovery phrase cards in a secure, offline location (such as a safe). NEVER enter it into a computer or smartphone and NEVER share it with anyone! This is your only backup to the crypto assets stored on your Ledger Nano wallet.
- 21. Coursenvy® www.Coursenvy.com CRYPTO QUIZ TIME:
- 22. Coursenvy® www.Coursenvy.com Connect Your Ledger Nano X To Your iPhone
- 23. Coursenvy® www.Coursenvy.com Make sure the Bluetooth is enabled on your iPhone. Pair your Nano with the Ledger Live app on our iPhone.
- 24. Coursenvy® www.Coursenvy.com Validate the code displayed on your iPhone exactly matches the one displayed on your Ledger Nano X.
- 25. Coursenvy® www.Coursenvy.com Now your Ledger Nano X is connected to your iPhone’s Ledger Live app. First, you will need to install the app on your Ledger Nano X for each cryptocurrency you want to store.
- 26. Coursenvy® www.Coursenvy.com On your Ledger Live app (on the Manager page), click the Install button next to the cryptocurrency Bitcoin.
- 27. Coursenvy® www.Coursenvy.com Once the Bitcoin app is installed, add a Bitcoin account (wallet) so you can send and receive the asset.
- 28. Coursenvy® www.Coursenvy.com Navigate to your Bitcoin account in the Ledger Live app. Click the “Receive” button and copy your wallet address.
- 29. Coursenvy® www.Coursenvy.com Send BTC to Your Ledger Nano X From Coinbase
- 30. Coursenvy® www.Coursenvy.com Send BTC to Your Ledger Nano X Type in the amount you want to send, then paste in your Ledger Nano Bitcoin wallet address in the “To” field.
- 31. Coursenvy® www.Coursenvy.com Store Your Crypto Offline ➢ As you can see, our Ledger Live app “Portfolio” page confirms our Bitcoin transfer off of Coinbase and onto our hardware wallet. ➢ Everyone should buy a Ledger hardware wallet to safely store your cryptocurrency offline and off of exchanges like Coinbase. ➢ Anytime your crypto is online, there is a chance it could be stolen. ➢ Just Google “Mt. Gox Disaster, $460 Million Bitcoin Gone”
- 32. Coursenvy® www.Coursenvy.com Best Crypto Wallet = Ledger www.Coursenvy.com/LEDGER Buy a Ledger wallet via our partner link above for a free $25!
- 33. Coursenvy® www.Coursenvy.com Copyright © Coursenvy. All rights reserved.