Ledger Nano S – a hardware or cold wallet device that supports storing Bitcoin, Ethereum, and more than 1,000 different Altcoins. If you have been involved in investing in the cryptocurrency market, it is impossible not to know the Ledger Nano S wallet. But to use the Ledger cold wallet is not easy, especially for beginners. This is also the reason why I received a lot of questions from readers recently about how to install and use Ledger hardware wallet, where to buy Ledger wallet cheap in Vietnam, or even some people don’t know Ledger Nano wallet yet. What is S, what is it used for?
Today’s Post I Love Bitcoin We will introduce you to the Ledger Nano S wallet, share some ways to buy a reputable and good Ledger hardware wallet, and guide you on how to install and use the latest detailed Ledger Nano S hardware wallet today. Besides, this guide will introduce to you Ledger Live – a new software from Ledger to help you manage your wallet accounts very conveniently, completely replacing the previous chrome browser add-ons. I will try to make it easy to understand so that newcomers can also set up and use Ledger wallet by themselves. Start…
What is Ledger Nano S?
Ledger Nano WILL (Ledger Wallet) is a type cold wallet used to store the most popular coins (cryptocurrency, virtual currency, cryptocurrency or digital currency) in the world today. Ledger wallet is also known as hardware wallet hardware wallet. Ledger Nano S works similarly Trezor wallet or other Bitcoin wallets like Electrum, Exodus. They are all compatible with the BIP39 security keyword standard, which means that with the same 24 security keys, you can access and use it for Ledger, Trezor, Exodus or any wallet that is compatible with this standard.
Ledger Nano WILL Known as the most secure hardware wallet today, hardware wallets store private keys offline, completely separate from the internet environment, so hackers can’t break in to steal your money. With security methods such as PIN code, transaction confirmation and wallet address via led screen, .. even if a hacker can get into your computer, it will not be possible to get any coins if you use Ledger.
Ledger Nano Wallet WILL released by Ledger – a leader in security and infrastructure solutions for cryptocurrencies and applications Blockchain. Ledger is headquartered in France, with a team of more than 130 industry professionals. Ledger Nano S is Ledger’s best-selling product, in 2017 alone, more than 1 million wallets were sold globally.
Where to buy Ledger Nano S wallet? How much?
To Buy Ledger Nano WILL Currently, there are 3 ways in Vietnam:
- Buy at stores or individuals for about 3,000,000 – 4,000,000 VND. This is the most popular way chosen by many people, convenient and fast, you can check your wallet to make sure it’s not fake, quality, genuine.
- Thanks to the American purchasing service parties, they will order through the e-commerce site Amazon or eBay for about 60-70 USD. However, this method is currently not appreciated, because there are quite a few fake Ledger wallets. Delivery time is about 10-14 days.
- Thanks to the purchase service ordered at Ledger Nano’s website in France for 60 Euro (about 1,624,000 VND), service fee about 100,000 VND. Delivery time 10-14 days. This way you will have a genuine Ledger Nano S product (if the ordering party does not swap, or order from a cheaper place to eat the difference).
I am currently trying to buy directly from Ledger through Ledger.com website, if this is successful, the following article will show you how, this way has the advantage of cheap price and 100% genuine Ledger wallet. .
What coins does the Ledger Nano S wallet support?
At the time of writing this article (April 9, 2019), Ledger Nano wallet WILL supporting total 1185 coins, including popular coins and ERC-20 token or kinds Altcoins other. I will list some coin/token Commonly supported by Ledger:
| Bitcoin(BTC) | Ethereum (ETH) | XRP(XRP) | Bitcoin Cash (BCH) |
| EOS(EOS) | Stellar(XLM) | Litecoin(LTC) | Tether(USDT) |
| Tron(TRX) | Cardano (ADA) | IOTA (MIOTA) | Binance Coin (BNB) |
| Monero(XMR) | Dash (DASH) | Neo(NEO) | Lisk(LSK) |
| USD Coin (USDC) | Maker(MKR) | Zcash(ZEC) | Tezos(XTZ) |
| Waves (WAVES) | Dogecoin (DOGE) | Vechain (VET) | Bitcoin Gold (BTG) |
| TrueUSD(TUSD) | Qtum(QTUM) | Ontology(ONT) | OmiseGO (OMG) |
| Zilliqa (ZIL) | 0x(ZRX) | Decred (DCR) | Lisk (LSK) |
| Ethereum Classic (ETC) | Basic Attention Token (BAT) | Paxos Standard Token (PAX) | Theta Token (THETA) |
| Nano(NANO) | Icons (ICX) | Digibytes (DGB) | Revain(R) |
| Augur(REP) | Stratis(STRAT) | Aeternity(AE) | Komodo(KMD) |
| Status(SNT) | Pundi X (NPXS) | IOST (IOST) | Populous (PPT) |
| Aurora(AOA) | Dai(DAI) | ODEM(ODE) | Golem(GNT) |
| Huobi Token (HT) | Dentacoin (DCN) | Ark(ARK) | Factom (FCT) |
| Waltonchain (WTC) | PivX (PIVX) | Decentraland(MANA) | Aion(AION) |
| Bancor(BNT) | Crypto.com (MCO) | Polymath (POLY) | Nexo (NEXO) |
| Enjin Coin (ENJ) | QASH(QASH) | WAX (WAX) | Loopring(LRC) |
| … | … | … | … |
And there are many other coins/tokens that you can view and search in full here.
When should you use Ledger Nano S or Trezor . hardware wallet?
Ledger hardware wallet nice Trezor may be the safest place to store Bitcoins and cryptocurrencies in the crypto world today, but you shouldn’t always use them. Online web wallets are always at risk of being hacked, because hackers can steal your account information in many ways (eg Keylogger) and then log into your wallet to get your money, even Software wallets on computers are still vulnerable to hackers, so cold wallets are always a safe solution.
However, you only use Ledger or Trezor cold wallets when you want to store a large amount of coins and have no need for transactions (trade) regularly, but if you only store a small and medium amount, and you often transact, you should use online web wallets, software wallets or mobile wallet applications, but you must choose wallet platforms. Reputable, used by many people. You can see more in the article “TOP 4 best Bitcoin walletsthis to choose the right wallet for you.
Instructions on how to use Ledger Nano S cold wallet full set
1. What’s in the Ledger Nano S wallet box?
Here is a picture of the box Ledger Nano wallet WILL after I receive the goods.
When you open the box Ledger Out there will be 5 main accessories as follows:
- Ledger Nano Wallet WILL
- Micro USB cable to connect the wallet to the computer
- Key chain
- Strap for you to wear the wallet around your neck
- 5 sheets of paper, of which you notice 3 sheets of paper as shown below, it will be used for you to write 24 keywords to recover your wallet, 3 sheets are the same, in case you make a mistake, use another sheet
2. How to install Ledger Nano hardware wallet WILL
First, to be usable Ledger wallet then you need a computer running Windows, Mac OS or Linux. Next, you must understand the basic operations with two small buttons on the Ledger wallet, these two buttons are used to move left – right, up – down and to confirm (Ok) an option, press both at the same time. two buttons. Start the installation as follows:
- Note: This is just the initial installation step, you can freely operate without fear of damaging your wallet, or any error, if you press the wrong PIN code or the wrong recovery key, it’s okay, you just need to unplug the cable USB out and plug it back in to reinstall from scratch like new, no problem at all, so feel free to act.
Step 1: Connect Ledger wallet to computer via micro USB cable, LED screen will display the words “Welcome“,”Press both buttons“, you press 2 buttons on Ledger at the same time to continue.
Step 2: Ledger wallet will guide the operation with 2 buttons (as I said above), you continue to press 2 buttons at the same time.
Step 3: Ledger will ask you to “configure as a new device”, press the right button to confirm, and the left button to import or restore an existing wallet through 24 keywords.
Step 4: This step Ledger will ask you to create a PIN code, this code is used when you open your wallet, every time you connect Ledger to your computer or phone, you must enter the PIN, you press 2 buttons at the same time.
Step 5: The PIN will have 8 numbers, but you can use only 4 numbers. To set up a PIN code, press the right button to increase the number, the left button to decrease and press 2 buttons at the same time to select (OK).
If you only want to set up a PIN code with 4 numbers, then to the 5th character you press the “√” then press 2 buttons at the same time to confirm.
Step 6: Now Ledger Nano WILL will ask you to confirm this PIN again, press 2 confirmation buttons.
Step 7: Enter the same 4 numbers as above and press 2 buttons at the same time to confirm the PIN.
Step 8: Done setting up PIN code, now will be very important step, Ledger Nano wallet WILL will give you 24 keywords To restore your wallet in case of loss or damage to your wallet, prepare a piece of paper in the accessory box to write down these 24 words. Press 2 buttons to confirm the backup (backup) of the wallet.
Step 9: You must write the words in the correct order, from 1 to 24, “Word #1“ie word No.1, for his example the first word from “increase“, you write it down and then press the right button to go to the next word.
Step 10: When you have finished recording up to 24, press 2 buttons at the same time to confirm completion, you can also press the button on the left to go back to check if the previously written words are correct.
As you can see, below I have written 24 keywords on Ledger’s backup paper.
Step 11: Ledger Nano hardware wallet WILL will ask you to confirm 24 recovery keys again, press 2 buttons at the same time to confirm.
Step 12: Press the left – right buttons to move and select the correct word in the order rewritten above, then press 2 buttons at the same time to confirm to select the next word.
Step 13: From the last 24, press 2 buttons at the same time to confirm completion.
The message “Your device is now ready”, which means that the Ledger wallet is ready to use right away…