How to Receive Your First Crypto?

Here is a step by step guide on how to receive your first crypto through Ledger Live on your new device, whether it’s a Ledger Nano X or a Ledger Nano S. Learn more about Ledger Live here: https://bit.ly/3FGQ4np

INTRODUCTION

Hi there. After setting up your Nano, we’ve got two steps left before we can receive and secure crypto. First, we need to install the right crypto app. Second, we need to create an account. Think of it this way: the app lets us send and receive a certain cryptocurrency, while the account lets us store it. It’s the same process for both the Nano S and the Nano X.

LEDGER LIVE

So, connect your Nano to your computer and unlock it, then open Ledger Live and click on “Manager” on the bottom left of the dashboard. From there you’ll see a list of apps in the app catalog. For this video we’ll use the currency supported by Ledger Live. But know that you can store currencies not supported by Ledger Live using third-party apps, which we’ll cover in another video. So go ahead and choose the app for whatever crypto you plan to move first. For this demo we’ll go with Ethereum. to install the app, just click “Install” in the correct row. Then when it’s done, you’ll see a blue dialog box telling you to add your Ethereum account. Click “Manage my accounts” to do that.

SYNC ACCOUNTS ON YOUR DEVICE

Press both buttons to open the Ethereum app on the device. You’ll see the account synchronizing in Ledger Live. Then when it’s finished, you can either rename the account or use the default. When you’re ready, click “Add account” and once you see that the account has been added successfully, click “Done” to return to your dashboard.

RECEIVE

Then from the dashboard, click “Receive” on the left and follow the prompts to create a deposit address. Now, if you ever see a warning like this and you’re not sure what it means, just click “Learn more”. Don’t risk sending coins to an incompatible account. That’s a good way to make crypto disappear.

CLEAR SIGNING

But if all looks well, click “Continue” and you’ll see an address on your screen with a prompt to verify it using the device. Make sure you copy the address on your clipboard now, then scroll right on your Nano to verify the address, and if the address on the device matches what’s on your screen, press both buttons to approve, and your address is now safe to use. Now, you might have noticed that the address disappeared from the screen as soon as you pressed “Approve” on the Nano. If you didn’t copy it to your clipboard before it disappeared, that’s okay. We’re not gonna make you create a new address. Just click “Re-verify” instead of “Done”. Then, once you’ve got your address you can paste it to whichever wallet you’re sending from and get those coins over here for safekeeping. For now, welcome aboard and congratulations on taking the first steps of your secure crypto journey.