![]() It will give you instructions on the screen to help you. You can find this on a mobile device and desktop computer. When you set up a legitimate Ledger wallet, and you can find the initial instructions at /start, you’ll be asked to download the Ledger Live app. The Ledger Live app Setting Up Your Wallet This is bad because it means the fraudulent seller also has access to that key, and they can steal your coins at any time. ![]() There have been some scams in the past where a person bought a wallet through a third party and they receive a card that already contains their 24-word private key. Even if I lose my Ledger wallet, as long as I have those 24 words I can simply activate a new wallet, type in those words, and I regain access to my coins. These 24 words are the key to accessing your cryptocurrency which is stored on a blockchain. With Ledger, this key is a series of 24 words. This is because your true wallet is what is known as a private key. You should avoid buying it through a third-party seller like Amazon or eBay. Go to or Trezor.io (another popular wallet) or whichever wallet you choose. To begin, where can you buy a hardware wallet? The best method is to buy one directly from the seller. The Nano X has greater security and has more storage for apps. The difference is that the Nano X has Bluetooth so you can connect it to a mobile app, as opposed to the Nano S that only supports connecting to a computer (you can also still connect the Nano X USB-C port to a computer). ![]() The hardware wallet I chose was Ledger because that seems to be among the most popular and well-known. Banks and exchanges have their own benefits, of course, but your money is still under their control. It gives you greater control over your money, rather than relying on a crypto exchange or fiat bank. I liken a hardware wallet to storing your cash underneath your mattress.
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