Investing in cryptocurrency has become the latest trend among individuals and professional investors. The reason is, crypto investments could help you multiply your money in no time. However, apart from yielding benefits, sometimes crypto investments could be risky and this usually happens when there are loopholes in your way of investment.
Some individuals do not give heed to keeping their crypto away from the reach of hackers. Hence, it is high time that you take action to store your crypto money somewhere safe. Believe it or not, there could not be a better way than to save it on a hardware wallet like Ledger available via ledger.com/start.
Unaware of what a hardware crypto wallet is? Let me break it down for you. If you keep all your cryptocurrencies online, there is a chance that someone might get access to your funds. On the other hand, a hardware crypto wallet is free from such risks.
A quick introduction to Ledger
To master the art of using a Ledger wallet, it is important that you know the background details of this wallet service. In short, this is a hardware crypto wallet which allows crypto investors to manage their crypto funds in a very easy and hassle-free way without the fear of any security breach.
The main objective of why this wallet was invested was to fight phishing scams, cyberattacks, and security risks that were lurking around in the crypto market. The best thing about this wallet is the fact that it allows you to manage, exchange, grow, or transact your cryptocurrencies along with keeping them secure.
Ledger wallet models available on Ledger.com/start
If you navigate the official website of the wallet, you will find out that there are a variety of wallet models available for users. I know this might confuse you at first. But, upon comparison, you will be able to decide which model is best for your crypto needs. For your convenience, I have listed the top-rated Ledger wallet models underneath:-
• The highly rated Ledger Nano S
• Ledger Stax
• Ledger Nano X
• And, Ledger Nano S Plus
Pre-requirements to set up a Ledger wallet
After purchasing the desired wallet model from the official website or genuine re-sellers, the first thing that you might want to know is how you set up this wallet. But, before I share my views on the wallet setup via ledger.com/start, I would like to help you prepare for the setup process. So, allow me to shed some light on this:-
• A PC/computer or a mobile phone
• Install the Ledger Live app on the PC or Phone in use (Note:- If you do not have Ledger Live or do not know how to install it, check the installation steps in the section below. Else, skip to the setup process directly)
• Be ready with the USB cable that came with the wallet packaging
A quick guide to getting the Ledger Live app
Before explaining the process of getting Ledger Live, I would like to elaborate on the fact that Ledger Live plays a significant role in managing cryptocurrencies on a Ledger wallet. Well, this app is the medium through which you can store and manage all the funds on your hardware wallet. In short, this app is the soul of the Ledger Wallet and below we have explained the steps to get the app:-
1. In the first place, you quickly have to go to www.ledger.com/start site
2. Expand the download menu by selecting the “Download” button
3. When the options appear on your screen, choose the operating system of your device
4. You will see that the app has now started to download
5. Respond to the prompted instructions and run the file to successfully install it
That’s how you get Ledger Live on your device. Now you can move further and take action to set up your wallet using this necessary app.
Set up your Ledger wallet from scratch
A new user might find it a daunting task to set up his Ledger wallet. Don’t worry, this segment will explain the comprehensive procedure of setting up the wallet from the very beginning:-
1. Take the USB cable and connect your Ledger device to your PC using this cable
2. If connected successfully, you will see the Welcome screen
3. Press the Left and Right keys simultaneously to begin the wallet setup
4. Using the same keys and referring to the on-screen prompts, create a secure wallet PIN
5. To choose or confirm a number, press both buttons together
6. Keep doing the same thing until you successfully set up your 4-8 digit PIN
7. Confirm the PIN by pressing both buttons simultaneously once again
8. Generate the Secret Recovery Phrase and keep it somewhere very safe
The setup would be complete by then and you need to take further steps to add your preferred tokens to this wallet.
Wrapping it up:-
As a precaution, there are some things that you can take care of to make sure that your funds remain in a safe space. Though, ledger.com/start comes with enough security features, taking extra care won’t cost you anything. So, just be sure that your secret recovery phrase is not compromised. Otherwise, there is a high chance of losing all your funds. Additionally, ensure to download the Ledger Live app only from the official website. You can also reach out to Ledger Support for any queries or to share your feedback.
Frequently Asked Questions:
What is Ledger.com/start?
It is always recommended to download the Ledger wallet companion software from the official website and Ledger.com/start is the website from where you should download the Ledger Live app.
Is Ledger.com/start safe to use?
Yes, this is the only website that you should navigate to for using any of the Ledger Wallet services.
How do I update my Ledger device?
After navigating to the official website of Ledger Wallet, follow the on-screen instructions to update your Ledger device firmware to its latest version.
What happens if I forget my PIN on Ledger?
Use the Secret Recovery Phrase provided to you at the time of wallet setup for successfully resetting your PIN.