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Understanding crypto trading is a little tricky task. You will have to do proper research on the crypto platforms as well as on the wallets also. And wallet selection is the hardest of all. This is because numerous types of crypto wallets are divided into two categories mainly. And those categories are software wallets and hardware wallets.
But this write-up is not about that, instead, we are here to help you out by telling you about one of the most popular crypto wallets called Ledger Hardware Wallet. So, let’s dive right into it.
What are the benefits of the Ledger Hardware Wallet?
Before getting started with any of the platforms, you check out its advantages and then decide if it is perfect for you or not. Therefore, below are the advantages of the Ledger Wallet.
· Staking is one of the most beneficial parts of this wallet. Every trader wants to exercise crypto staking that is provided by this wallet. Also, you can stake the crypto by using your validator node.
· Buying and selling of Bitcoin in exchange for Fiat currencies whenever you want.
· Option of exchanging the cryptocurrency for other cryptocurrency.
These are just a few points of advantages. To view more, you can visit the official website of the Ledger wallet.
Account set up
The wallet setup steps are explained in the Ledger Nano S hardware wallet. So, let us understand the detailed procedure.
1. You will receive a USB cable With your hardware wallet device box. Use that cable and connect your Ledger Nano S device to the computer device.
2. The wallet screen would light up, displaying a link. You have to open the same link using your computer device.
3. Then download the Ledger Live Application as prompted on the screen.
4. Now, choose ‘Set up as New Device’.
5. For future login purposes set up a PIN and the length of the PIN should range between 4-8 digits.
6. To verify the PIN, re-write the PIN in the next text field.
7. And to ensure more security in your account, set up your fingerprint as another method of login.
8. In this step, the Recovery phrase is shown on the screen that is to be stored in private.
Hence, after this, your Ledger hardware wallet is ready to be used.
How to get logged in?
After going through all the Wallet setup, you should know, how to get logged in for future access. So, the login steps are:
1. Connect the Ledger Nano S or any other Ledger hardware wallet with your computer device.
2. Then open the application Ledger Live that is installed on your computer device.
3. Enter the account PIN code to remove one security layer for unlocking the account.
4. And now match the fingerprint to remove the final security layer.
The wallet account is now logged in successfully and the users can explore wallet features that are provided on the platform.
Summing it Up!
We hope that your Ledger hardware wallet is ready to be used and you can trade in crypto assets without any issues. Also, you can trade freely with the wallet. If you are still dissatisfied with the wallet, then you can view the features offered by it after visiting its official website.
FAQs