Official Site® | Ledger.com/Start® | Getting started

A hardware wallet is a dedicated physical device that stores your private keys offline. Unlike software wallets or exchanges, a hardware wallet ensures that your secret recovery phrase and private keys are never exposed to the internet. This method, known as 'cold storage,' is considered the gold standard for asset security, minimizing the risk of remote hacks or malware theft. Your device acts as a secure air gap between your digital assets and potentially compromised online environments.

When you want to perform a transaction, the hardware wallet uses a secure chip to sign the transaction internally. The private key remains locked within the device at all times. The transaction is then relayed to the blockchain via your connected computer or smartphone, but the critical signing process happens securely on the device, confirmed only by physical button presses. This two-factor physical verification is the cornerstone of its protection. Understanding this separation of signing and broadcasting is key to grasping digital asset security fundamentals.

This technology is particularly vital for long-term holders or users managing significant value. The Ledger device supports hundreds of different crypto assets and is continuously updated to maintain compatibility with new blockchain technologies and security standards. Always ensure your device firmware and the accompanying application are running the latest versions for optimal security and functionality. Do not trust any update prompt unless initiated through the official application.

The initial setup is the most crucial step. First, you will set a compulsory 4-8 digit PIN code directly on the device. This PIN is required to unlock the device for daily use. If the wrong PIN is entered multiple times (usually three), the device will wipe itself to prevent brute-force attacks, requiring you to restore it using your Secret Recovery Phrase.

Second, and most importantly, the device will generate your 24-word Secret Recovery Phrase. This phrase is the master key to your funds. Write it down on the provided physical recovery sheets. You must check and verify every word carefully. You must NEVER digitize this phrase (typing it on a computer, taking a photo, storing it in the cloud) or share it with anyone, under any circumstances. Losing this phrase means permanent loss of access if the hardware wallet is lost or damaged.

After setup, you will install the Ledger Live desktop or mobile application, which serves as the interface to manage your assets, install blockchain apps on the device, and view your balances. Connect your hardware wallet via the provided USB cable, enter your PIN, and use the device to approve the connection. Remember, the device is the security; the app is just the window.

To receive funds, navigate to the specific asset in the app, click 'Receive,' and verify the receiving address displayed on the computer screen matches the address shown on the physical Ledger device screen. This mandatory verification step prevents 'man-in-the-middle' attacks where a malicious program might try to swap the address on your computer screen.