Start with Ledger — secure your crypto the right way
A clear, practical guide to set up a hardware wallet, protect your keys, and manage your digital assets with confidence. Follow these steps to get started quickly and safely.
Why a hardware wallet matters
Storing private keys on a connected device or an exchange exposes you to hacks, phishing, and malware. A hardware wallet stores keys offline so transactions can be signed in a secure environment. That physical separation drastically reduces the attack surface for sophisticated threats while giving you full control over your crypto.
Before you begin — what you'll need
- A Ledger hardware device (unopened and purchased from an authorized retailer).
- A computer or mobile device with an up-to-date browser and Ledger Live app available from official sources.
- A secure, private place to write and store your recovery phrase (avoid digital notes or photos).
- Patience — setup takes only a few minutes but attention to detail keeps your funds safe.
Step-by-step: Setup in under 10 minutes
1. Unbox and verify. Inspect packaging for tamper signs. Always buy devices from trusted vendors. If anything looks altered, stop — contact support.
2. Install Ledger Live. Download Ledger Live from the official site. Do not install from third-party pages or search results that might show malicious links.
3. Initialize your device. Follow on-screen instructions to create a new wallet. Set a strong PIN and generate your recovery phrase. The device will display the recovery words — never share them. Write them down on the provided sheet or a metal backup and store offline.
4. Add accounts and apps. Use Ledger Live to install the crypto-specific apps (Bitcoin, Ethereum, etc.). Add accounts to view balances and prepare transactions.
5. Receive and verify. When receiving funds, always verify the receiving address directly on your Ledger device — not only on the computer screen.
Best security practices
- Never type your recovery phrase into a computer or mobile device.
- Keep the recovery phrase in a secure, fireproof, and moisture-protected place.
- Use a passphrase only if you understand the added complexity and how it affects recovery.
- Enable firmware updates from the official Ledger Live app and validate updates via the device when prompted.
- Be skeptical of unsolicited messages asking for access or private information — Ledger, exchanges, or official services will never ask for your recovery phrase.
Managing everyday use
For routine transactions, keep Ledger connected only when you need to sign a transaction. Use the Ledger Live portfolio to monitor balances, and consider splitting funds between a "spend" wallet for everyday transactions and a "cold" long-term store for savings. For increased convenience, connect only to trusted platforms and check transaction details on-device before approval.
Recovering access
If your device is lost, damaged, or stolen, you can restore your wallets on another compatible hardware wallet using your recovery phrase. That is why secure storage of the phrase is the single most critical step. If you lose the phrase and the device, funds cannot be recovered.
Common FAQs
Can Ledger be hacked? The device itself uses secure elements to protect keys; however, phishing, social engineering, or loss of recovery words remain the most common ways users lose funds. Combining device security with strong personal procedures minimizes risk.
Is it okay to store recovery words in a digital file? No. Digital storage is vulnerable to malware and cloud breaches. Use written or metal backups kept offline.
What if I forget my PIN? After several incorrect attempts your device will reset to factory defaults — you can restore it with your recovery phrase. Without the phrase, funds are lost.