Ledger Nano S Setup + Tutorial | How To

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In this video and article I explain the Ledger Nano S setup process, and how to transfer bitcoin from CoinBase and other exchanges to your bitcoin wallet.

In the box you’ll find the Ledger Nano S itself, a micro usb to usb cable, the quick start guide, and a little lanyard.

1. The first thing we’ll do is plug our usb cable into our computer, and then plug the micro usb into the ledger nano s.

From here you’ll see that the Ledger Nano S lights up, and it gives us a quick rundown of how to use the different buttons. To toggle right simple press the right button, to toggle left press the left button, and to confirm press down on both at the same time.

1. Next, we’ll choose a pin code which can be from 4-7 characters long. Every time you plug the Nano S in, you’ll be prompted to enter in this pin code. Again, to toggle through different numbers, you’ll use the left or right button, and to confirm you’ll press both buttons at the same time. After entering in your pin number, you will have to confirm it.

2. The Ledger Nano S now gives us the recover phrase. It’s of utmost importance that you keep a couple different copies of this written down because if your Nano S breaks, this will be the key you use to recover the information. Ledger actually gives you a paper in the box you can write this information on, so I recommend writing it there. Next, the Nano S will verify a couple of these different words, and we’ll move on to the next step.

3. From here, you’ll want to download the ledger wallet bitcoin extension for google chrome.

4. Open up the extension, and you will have the choice of using bitcoin or bitcoin cash. I’m going to use bitcoin for this purpose of this video. Next, we have the option to choose a legacy or segwit address, and I’ll choose segwit here.

5. From here we’ll see our account where we can make and receive transactions. Under the send tab we can input someone’s address to send bitcoin to someone. And under the receive tab it will show our address, which we can give to someone to receive bitcoin.

Next, I’ll give a quick demo of how you can send bitcoin from coinbase, gdax, or any other exchange to Ledger Nano S.

1. Log into your exchange.

2. Go to the send tab, and enter the receive address from the bitcoin wallet into the send tab. Ensure the address is correct because if you enter the wrong address, it's impossible to recover the bitcoin.

3. Enter the desired number of bitcoin to send, and enter the 2FA code.

4. Check the bitcoin wallet for the money

If you have any questions, be sure to let me know in the comments section. Give this video a thumbs up if you enjoyed the video, and I’ll see you all in the next one.

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