What a Ledger hardware wallet does
A Ledger hardware wallet stores the private keys used to sign cryptocurrency transactions inside a dedicated secure chip. That chip never exposes private keys directly to your computer or phone: instead you confirm operations on the device itself. This separation reduces risk from malware, phishing websites, and compromised desktops.
Before you begin — essentials
- Buy your Ledger from the official source or an authorized reseller — never accept pre-configured devices from strangers.
- Have a clean, well-lit surface and a pen & paper for the recovery phrase backup (or use a metal backup solution where possible).
- Keep firmware updated, but follow update instructions closely and confirm any update is from the official Ledger Live application.
Quick setup (overview)
- Unbox and inspect the device for tampering.
- Install Ledger Live on your computer or mobile and follow on-screen prompts.
- Create a new wallet on the device — write down the recovery phrase exactly, in order.
- Install only the app(s) for the coin(s) you plan to use (e.g., Bitcoin, Ethereum) inside Ledger Live.
Security best practices — do these now
- Never enter your recovery phrase into a computer or phone. Ledger will never ask for it — only the device itself during setup.
- Use a PIN on your device and enable a passphrase if you require deniable wallets or multi-account separation.
- Back up your recovery phrase multiple times (at least one off-site), ideally using durable materials (steel plates) for long-term safety.
- Verify receiving addresses on the device screen before sending funds to make sure a compromised host hasn't altered the address.
Firmware and app updates
Firmware updates patch security issues and add features. Update via Ledger Live only. If an update seems unusual or Ledger Live shows warnings, pause — check official Ledger support channels for guidance before proceeding.
Common user tasks
Receive crypto: Open the account in Ledger Live, click Receive, and confirm the address displayed on your computer by checking the device's screen. Senders should use that confirmed address only.
Send crypto: Compose the transaction in Ledger Live (or a supported wallet), connect and confirm inputs on the device, and approve the final details on the device screen.
Supported assets & integrations
Ledger supports thousands of tokens via Ledger Live and third-party wallets. For complex DeFi interactions and some tokens you may need to use a third-party interface (for example, WalletConnect integrations). Always ensure third-party sites are legitimate and verify addresses on-device.
Avoiding scams & fraud
- Ignore unsolicited messages promising returns or support. Ledger support will never DM you with recovery requests.
- Avoid browser extensions or apps asking for your seed phrase or private keys.
- Only download Ledger Live from the official site and confirm signatures if you are handling a sensitive update.
Loss, theft, and disaster recovery
If your device is lost or stolen, your funds are still recoverable with the recovery phrase on a new Ledger (or any compatible hardware/software wallet). If someone obtains both your device PIN and recovery phrase, they can access your funds — keep both separate and secure.
Advanced options
Consider using a passphrase (added word to the recovery phrase) for extra security or multiple hidden wallets. For high-value holdings, split backups and use multisig setups across multiple hardware wallets to minimize single-point risk.