Cold Wallets / Hardware Wallets
TUTORIALS
What is a Hardware Wallet?
A hardware wallet is a physical device that is designed to securely store your cryptocurrencies. It is a type of cold storage, which means that it is not connected to the internet and is therefore less vulnerable to hacking and other security threats.
Hardware wallets typically look like small USB drives and are designed to be easy to use. They have a small screen and buttons that allow you to navigate through the device's menus and confirm transactions. When you want to send or receive cryptocurrencies, you connect the hardware wallet to your computer or mobile device and enter your private key to authorize the transaction.
Hardware wallets are considered to be one of the most secure ways to store cryptocurrencies because they keep your private keys offline and away from potential hackers. They are also designed to be resistant to physical tampering, so even if someone were to steal your device, they would not be able to access your digital assets without your private key.
Some popular examples of hardware wallets include Ledger Nano S, Trezor, KeepKey and SafePal. When choosing a hardware wallet, it is important to consider factors such as security, ease of use, and compatibility with the cryptocurrencies you want to store.
TUTORIALS
Setup Ledger Nano S
Ledger Nano S with the supplied micro USB cable.
Computer (at least Windows 8.1 (64-bit), macOS 10.10, or Linux) with internet.
The Ledger Live application downloaded and installed.
Step by step
Ledger Live features interactive setup instructions. Simply open the app to get started.
Set up as new device
1 - Connect the Ledger Nano S to your computer using the supplied USB cable. Your device should display Welcome to Ledger Nano S. Please contact us if the device immediately asks for a PIN code. It may not be safe to continue using this device.
2 - Press the left or right button to navigate through the on-screen instructions.
3 - Press both buttons simultaneously to choose the option Set up as new device.
Choose your PIN Code
Press both buttons when Choose PIN code is displayed on the device.
Press the right or left button to choose the first digit of your PIN code.
Press both buttons to enter a digit.
Repeat the process until you've entered 4 to 8 digits.
Select the checkmark (✓) and press both buttons to confirm the PIN code.
Use the backspace icon to erase a digit.
Confirm your PIN code by entering it once more.
Security tips
Choose your own PIN code. This code unlocks your device.
An 8-digit PIN code offers an optimal level of security.
Never use a device supplied with a PIN code and/or a recovery phrase.
Contact Ledger Support in case of doubt.
Write down your recovery phrase
Your 24-word recovery phrase will now be displayed word by word on the Ledger Nano S screen. The recovery phrase is the only backup of your private keys. It will be displayed only once.
Take the blank Recovery sheet supplied in the box.
Write down the first word (Word #1) on the Recovery sheet. Verify that you have copied it correctly in position
Press the right button to move to the second word (Word #2). Write it in position 2 on the Recovery sheet. Verify that you've copied it correctly. Repeat the process until the twenty-fourth word (Word #24).
Press both buttons to Confirm your recovery phrase.
Select the requested word by navigating with the left or right button. Validate the word by pressing both buttons. Repeat this step for each requested word.
Your device will display Processing and then Your device is now ready once you've successfully completed the setup process.
Press both buttons to access the Dashboard. The Dashboard is where you can access the apps and settings on your device.
Security tips
Anyone with access to your recovery phrase could take your assets, store it securely.
Ledger does not keep a backup of your 24 words.
Never use a device supplied with a recovery phrase and/or a PIN code.
Contact Ledger Support in case of doubt.
Important disclaimer:
When a user first receives their Ledger wallet, it must always be initialised by following this process:
Powering on the device
Generating a pin code
Generating 24 words
If a user were to receive a device containing a pre-completed recovery phrase or a pin code, the user should not use the device, as it means that the device may have already been used by somebody else. Ledger will never provide a pin code or recovery phrase with the product, nor ever ask for them. Under these circumstances, the user must contact Ledger customer support.
Your device is ready!
You've successfully set up your device. You can now install apps on your device and add accounts in Ledger Live.If a user were to receive a device containing a pre-completed recovery phrase or a pin code, the user should not use the device, as it means that the device may have already been used by somebody else. Ledger will never provide a pin code or recovery phrase with the product, nor ever ask for them. Under these circumstances, the user must contact Ledger customer support.
Your device is ready!
You've successfully set up your device. You can now install apps on your device and add accounts in Ledger Live.
TUTORIALS
Setup Ledger Nano X
Step 1: Download and install Ledger Live software on your computer.
Step 2: Connect the Ledger Nano X to your computer using the USB cable provided.
Step 3: Turn on the Ledger Nano X by pressing the button on the top of the device.
Step 4: Select "Configure" on the device and follow the on-screen instructions to create a new wallet.
Step 5: Make a note of the 24-word recovery phrase that you will see on the screen. This phrase is important to recover your wallet in case you lose or damage your device.
Step 6: Choose a strong password for your wallet and store it in a safe place.
Step 7: Install the apps for the cryptocurrencies you want to store on your Ledger Nano X by clicking "Manager" in the Ledger Live software and selecting the appropriate apps.
Step 8: Open the app for the cryptocurrency you want to send or receive on your Ledger Nano X.
Step 9: Follow the on-screen instructions to send or receive transactions.
Step 10: Disconnect the Ledger Nano X from your computer when you are done and store it in a safe place.
These were the steps for setting up and using the Ledger Nano X. It is important that you keep your wallet and recovery kit safe to protect your assets.
TUTORIALS
Setup Safepal S1
Step 1: Download the Safepal Wallet app from the App Store or Google Play Store.
Step 2: Turn on Safepal S1 Wallet by pressing the button on the side of the device.
Step 3: Connect Safepal S1 Wallet to your smartphone via Bluetooth.
Step 4: Open the Safepal Wallet app on your smartphone and click on "Add Device".
Step 5: Scan the QR code on the Safepal S1 Wallet to connect it to the app.
Step 6: Create a new wallet by clicking on "Create Wallet" and follow the instructions to create a secure password.
Step 7: Make a note of the 12-digit recovery phrase that you are shown. This is important in case you ever forget your password or lose your device.
Step 8: Add cryptocurrencies to your Safepal S1 wallet by clicking "Add Cryptocurrency" and selecting the cryptocurrency you want.
Step 9: Send cryptocurrencies from other wallets to your Safepal S1 Wallet by copying the receiving address from the Safepal Wallet app and pasting it into the other wallet.
These were the steps for setting up the Safepal S1 Wallet. It is important to keep your password and recovery set secure and protect your device to protect your assets.
TUTORIALS
Setup Trezor
Step 1: Unzip the Trezor Hardware Wallet and connect it to your computer via the USB cable.
Step 2: Visit the Trezor website and download the Trezor Bridge to establish a connection between your computer and the Trezor Wallet.
Step 3: Follow the on-screen instructions to install the Trezor Wallet software and set up the wallet.
Step 4: Create a new wallet by clicking "Create New Wallet" and following the on-screen instructions to create a secure password.
Step 5: Write down the 24-word recovery phrase you are shown and keep it in a safe place.
Step 6: Transfer cryptocurrencies to your Trezor Wallet by clicking "Receive" and copying the address you want to send the cryptocurrencies to.
Step 7: Manage your cryptocurrencies by clicking "Send" and following the on-screen instructions to send cryptocurrencies to other wallets.
Step 8: Protect your Trezor Wallet by keeping it in a safe place and never sharing the password or recovery phrase.
These were the steps for using Trezor Hardware Wallet. It is important that you keep your wallet safe and protect your account details to protect your assets.
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