Breaking

Tuesday, March 31, 2020

HOW TO STORE BITCOIN ON A LEDGER NANO S (Hardware Wallet) #Best Education Page #Online Earning

HOW TO STORE BITCOIN ON A LEDGER NANO S (Hardware Wallet)


what's going on you guys so today we're
going to be unboxing the Leger nano s
and showing you how to set it up for the
first time if you have a sizable amount
of money invested in any
cryptocurrencies I would highly
recommend looking at a hardware wallet
like the ledger nano s in order to
protect yourself and keep your coins
offline you also want to make sure that
the ledger nano s comes in a cellophane
sealed package otherwise it may have
been tampered with
[Music]
you will be controlling the legend nos
with these two buttons on top did you
notice there is no anti tampering
sticker on this box a cryptographic
mechanisms X the integrity of your
ledger device internal software each
time it is powered on the secure element
chip prevents any interception or
physical replacement attempt ledger
devices are engineered to be tamper
proof the first step is to go to start
ledger wallet calm and follow the
instructions to configure your new
ledger nano s as part of this setup you
will be recording a 24 word recovery
phrase write down your recovery phrase
on this sheet 24 words will be displayed
on your device when it is initialized
make sure to copy each word below it is
a full backup of your accounts and
configuration it is very important to
keep this offline do not scan a copy on
to your computer
do not take any photos of this and do
not share this piece of paper with
anyone keep it in a safe place and keep
it offline the box also contains a USB
cable and miscellaneous lanyards to hold
on to the device you will need to
connect the ledger nano s to your
computer via the USB cable provided if
the connection is successful you will be
greeted with a welcome screen on the
display
[Music]
you are going to want to configure the
Leger nano s as a new device so go ahead
and select yes at this point you will
enter a four digit PIN code that you
will confirm on the next screen again do
not share this with anyone and do not
store it on a computer if you store any
of your secure information online it
defeats the purpose of having an offline
wallet for your cryptocurrencies at that
point you might as well just leave your
cryptocurrencies sitting inside the
exchange at this point you're going to
write down the 20 forward recovery
phrase on the paper provided after
confirming your phrase you will get a
notification that your device is now
ready by default you can store aetherium
and Bitcoin on the ledger wallet you can
add other cryptocurrencies as well such
as litecoin now we are going to finish
the setup on your computer so navigate
to the website and select the ledger
nano s from the product list we have
already completed the first three steps
step number four is to install ledger
apps now you are going to open up the
app select the cryptocurrency on the
ledger nano s and double-click the
buttons in order to allow the device to
connect once the ledger has connected
successfully you will have to select the
etherium chain to use for most people
this will be e th e theorem not to ET c
e theorem classic you can select e th
and then check the box to remember my
choice at this point your aetherium
wallet is all setup and you can click
the button to view your QR code or
unique address to receive ethereum you
are going to follow the same exact steps
to set up your ledger wallet for Bitcoin
however this time you have to choose
which Bitcoin chain you want to use and
for most of us this will be Bitcoin not
Bitcoin cash now you have to choose your
address type
after your wallet synchronizes you will
be brought to the page where you can
send and receive Bitcoin and your
wallets are officially all set up you
can now safely store your
cryptocurrencies offline without
worrying about anyone hacking or
stealing them and remember if you guys
are interested in purchasing a ledger
nano s wallet I do have a link in the
description below it is an affiliate
link and your use of that link helps
support the channel and my work thank
you guys for watching this video and I
hope you have a great rest of your day


No comments: