Ledger Wallet - How to secure your Bitcoin - VIDEO

in #bitcoin6 years ago (edited)

This official video tutorial shows in 1 min how you can handle your Ledger Nano and validate your transactions


https://www.ledgerwallet.com/r/9a37

The Ledger Apps are free official application interfaces between your Ledger devices and the Bitcoin & Ethereum decentralized networks. They are designed to be lightweight and easy to use.

YOUR NEW NANO S:

The Nano S includes an OLED screen, 2 buttons, and it is provided with a micro USB / USB cable to be plugged on the USB 2 port of your computer (not USB 3). If your computer only has USB C ports, you can use an On-The-Go adapter.

The 2 buttons will be used to navigate:

  • scroll up and down in the dashboard and menus by pressing right or left button,
  • select and validate by pressing both buttons simultaneously

As you can see, there is not any power button: you simply need to connect your Nano S to turn it on, and to disconnect the cable to turn it off, with no prior step.

BEFORE TO STARTING:

You need 2 things to make your Nano S work:

  • a connected computer running Chrome browser, where you will install and run your wallets to manage your accounts, send and receive payments.
  • your Nano S with its USB cable to log in your Chrome applications and authenticate your transactions.

CONFIGURATION:

The initialization doesn't need to be done online.


https://www.ledgerwallet.com/r/9a37

PIN CODE

  • Connect your Nano S on a wall socket or a computer
  • Press both buttons as stated

Then you can chose if you want:

  • to configure a new device, with an original seed,
  • or if you want to restore a configuration

If you want to create a new seed, select "Configure as new device" by clicking on the right button (above the check icon)
If you want to import a seed you already have, click on the left button (above the cross), you will be prompted to restore a configuration instead of creating a new one

** Choose a PIN code **

Depending on which firmware you have, the number of digits can vary:

  • If you run 1.1 or 1.2 firmware you can select 4 digits (like the example in our video)
  • If you run 1.3 and more, you can select 4, 5, 6, 7 or 8 digits.

Note: As long as the next step (24 words backup) is not validated, this PIN code isn't validated.

24 WORDS BACKUP

The 24 words of your seed will now be displayed, one by one. This step is paramount as this seed is the ownership and the backup of your wallet and funds.

Be really careful to read and write each one correctly: if you make even one single mistake on a character, your seed would be false and you could not be able to recover your funds in case of need.

Take the Recovery sheet provided in your box

  • On this Recovery sheet, write down Word #1, and check it twice or three times
  • Write down Word #2, and check it twice or three times, and be careful to note it in second position
  • Write down Word #3, and check it twice or three times, and be careful to note it in third position
    and so on for each word until the #24 one

Yes, this step is long and needs a full concentration, but it is absolutely required. Note that the 24 words seed is:

  • what makes you your own bank, as you are the only one to know this secret
  • what makes you the owner of your coins

The only way to recover your funds if you lose your Nano S
shown only once, during this initialization step. it won't be displayed anymore, in any way
Once the full list of 24 words have been written down, validate as required
Verify the displayed words by selecting the right ones that match with the ones you copied
When your Nano S displays "Your device is now ready", your Nano S is configured.

INSTALL YOUR APPLICATIONS:

To open and manage a Coin wallet, you need to :

  • launch the wallet application on your computer,
  • open the dedicated companion application on your Nano S to unlock and synchronize the wallet

So for each wallet you need 2 applications: 1 on your computer, 1 on your Nano S

APPLICATIONS ON YOUR NANO S:

Your Nano S is a multi-application device, so you can install and uninstall several applications on it, like Bitcoin, Ethereum, XRP a.k.a Ripple, and many other ones (altcoins, authentication, etc.), some of them provided by Ledger, some of them by other companies.
By default, your Nano S has some applications already installed:

  • Bitcoin
  • Ethereum
  • and FIDO U2F

To buy a Nano S Ledger Wallet, go to: https://www.ledgerwallet.com/r/9a37

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Thankyou, see you on Steemit
@Bibitcoin

your always welcome sir :)

excellent information thank you

Thanks for your comment, see you on Steemit
@bibitcoin

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