2020 Ledger Nano S & X Setup + Security and Safety Tips (Ledger Live Install, Send & Receive demo)

Don't have a Ledger Nano yet and want to help me out in the process:
Ledger Nano S: http://bit.ly/2EWIw2q
Ledger Nano X: http://bit.ly/355lOQl

Looking to store your seed on something more robust than paper?
Crypto Steel Capsule http://bit.ly/3azJZKB (Use code: Crypto_Guide_cryptosteel10 for 10% off)
Crypto Key Stack https://bit.ly/37kG1oj
Cobo Tablet Punch https://bit.ly/2JqQgPJ

Metal seed storage comparisons: https://cryptoguide.tips/seed-storage...


A video that runs through the process for setting up a Ledger Nano X or Ledger Nano S. Runs through installing all the software, includes some important security and safety tips, updating firmware and also demonstrates sending and receiving your first transactions.

Contents:
00:00 Intro
00:40 Unboxing
02:15 Installing Ledger Live
02:45 Setting a device PIN
03:55 Generating, storing & verifying your recovery phrase
07:10 Final security checks
08:00 Setting up Ledger Live
09:20 Updating firmware and installing apps for each crypto
11:30 Adding accounts in Ledger Live (Bitcoin, Litecoin and Ethereum)
13:30 Securely Receiving funds (from an exchange or other wallet)
15:15 Securely Sending funds (To an exchange or other wallet)


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If you are new to Crypto, my suggestion is that you start with buying ~$150 worth of Bitcoin, Ethereum, Litecoin @ Coinbase and get familiar with storing it, moving it around, etc.

For your first purcahse, just stick with CoinBase: https://www.coinbase.com/join/5691c9d...

For Trading, just start with Binance: https://www.binance.com/?ref=18111926

By sticking with large, reputable exchanges for your first purchase (Coinbase) and first trade (Binance) you can avoid getting scammed right at the start by purchasing a non-existing coin off a scammy exchange. (You would be surprised how many people fall into this trap)

Don't have a hardware wallet?
Be safe and buy them direct from the manufacturer. (Not just through some random on eBay, Amazon, etc)
Get a Ledger: https://shop.ledger.com/?r=5243ecbb84...
(If you are just starting out, I would just recommend a Ledger Nano S)

#bitcoin #btc #ethereum #eth #litecoin #cryptocurrency #crypto #ledger #security