How to buy bitcoin on ledger nano s

Buy Bitcoin Worldwide does not offer legal advice. If you already have Mycelium installed, backup your wallet and reinstall the application. The box ships with tamper-proof tape around the packaging.

How to Buy Bitcoin (BTC) in 3 steps

How to use the CoPay wallet. Bitcoin Hardware Wallet First, a bitcoin hareware wallet is very important bitfoin security. Hello. I am here in Kensington, Calgary, Alberta, Canada. And today I’m going to be checking out something I’ve been wanting to try for some time. I’m going to be trying out the Ledger Nano S. This is a Bitcoin hardware wallet that allows you to secure your Bitcoins and it’s an upgrade from the Ledger Nano which I covered in a previous video.

What is Bitcoin

Availability in stock. Ledger Nano S is a Bitcoin Cash, Ethereum and Altcoins hardware wallet, based on robust safety features for storing cryptographic assets and securing digital payments. It connects to any computer USB and embeds a secure OLED display to double-check and confirm each transaction with a single tap on its side buttons. When you own cryptocurrencies, you need to protect your confidential data and the access to your funds. With Ledger Nano S, secrets like private keys are never exposed: sensitive operations are isolated inside your hardware wallet within a state-of-the-art Secure Element, locked by a PIN code. You can send and receive payments, check your accounts and manage multiple addresses for each currency from the same device. Size: 98mm x 18mm x 9mm Weight:

A Great Tool for Cryptocurrency Investors

How to use the CoPay wallet. Bitcoin Hardware Wallet First, a bitcoin hareware wallet is very important for security. Hello. I am here in Huy, Calgary, Alberta, Canada. And today I’m going to be checking out something I’ve been wanting to try for some time.

I’m going to be trying out the Ledger Nano S. This is a Bitcoin hardware wallet that allows you to secure your Bitcoins and it’s an upgrade from the Ledger Nano which I covered in a previous video.

Let’s take a look at what it is and how it works. All right. So bitcpin I am with my Ledger Nano S and the big but here is that it has a screen on the. It comes with a USB cable.

It closes when I’m not using it. And there are two buttons. You’re going to use those to scroll through by hitting the right and left, or select with both buttons at the same time.

So let’s get started. We’re going to hit both buttons once and twice. Here, there’s a couple of intro screens and then it asks if you’d like to configure this as a new device.

So I’m going to hit the right button, the checkmark. And first up, we’re going to pick bitcon PIN code. So let’s hit two buttons and you can scroll up and down with the right and left buttons. I’m how to buy bitcoin on ledger nano s to pick a super easy one for this video. I’m going to go It asks me bicoin confirm the PIN codes. I’m going to do it again, And now we’re done with that we’re going to pick a recovery phrase or rather be given one.

So you can scroll through the words and you’re just going to write them all down in order. Once I have done that I pick up my device.

I’m finished with. It’s going to ask me to confirm a couple of those words. So when I hit both buttons here it asks me okay, what is word number five in your recovery phrase.

And you’re going to scroll through until you see the correct word. Then you’re just simply going to select it with both buttons. And again, it’s going to ask me now okay, what is word number So I’m going to scroll through until I see the correct onn and once again I’m going to select with both ibtcoin. It does a quick configuration and now my device is ready to use. Now that I’ve got everything set up I can see that I have a Bitcoin wallet, an Ethereum wallet, a two-factor authentication device and a settings wheel.

So I’m going to go to the Bitcoin wallet. I’m going to hit both buttons to select it. And the rest of this is on my computer. I’m going to click on the Bitcoin wallet and once it opens up, what you see is what you. It is a basic Bitcoin wallet. I have my main account there and it has all the basic functionality that you would expect to.

There are settings that you can make changes to. There’s not a lot that I want to change right. What I’m looking for is I’d like to change my local currency to Canadian Dollars. That is right. I’m going to scroll up and click Canadian Dollars. That’s all I’m going to change for right. And let’s start going through the basic functions.

So I’m going to click and receive some Bitcoin. When I click on the receive button it brings up my QR code and my address down. I could copy and paste. But I’m actually going to pull up my phone and I’m going to scan this QR code to send myself some funds.

The wallet I’m using on my phone is called Copay. If you’re unfamiliar with Copay or nan you’re unfamiliar with Bitcoin wallets as a whole, I highly recommend you check out my other video on this topic. I’ve done a tutorial for Copay that I will link to. Once that confirms on my phone, I can just back out of this naho on my computer and I should see my transaction pop-up. There it is. It pops up pretty quickly. And I can see that I’ve just received around 5 Canadian Dollars.

Now I’m going to skip ahead. I’m going to hit send. I’ve already copied an address from. I’m just going to paste it in here where it says recipient address. I’m going to click and paste it. Then I am going to send out the maximum amount back to myself, but you can send out anything you like.

And when I hit send, instead of anything else on the screen here I’m actually going to need to pick up the device that is plugged into my computer. And when I do, it’s asking me if I do indeed want to send this amount of money. So to confirm that I’m just going to hit both buttons at the same time to select that I agree. And once I do that on the screen here it says I have a successfully sent transaction.

That is all you need to do to send money. Now, I’m just going to quickly click on the Ethereum wallet. It is basically the same with one little difference. You’re going to choose whether you want Ethereum classic or the main Ethereum chain. I won’t delve further into that but anyways once you pick one, you open it up. In it, it has all the same functionality as a Bitcoin wallet that you were just looking at. You have howw send and receive functions and your main account.

That’s pretty much all you need to know for. It is all the. Also, we are on the Ledger website and I highly recommend that you check that. Because they have a ton of information for all of their products, including the one that we just looked at. They have all of the configuration instructions that we just ran. It is in depth. They have lerger on a lot of their products as.

So definitely, go over, check out their website. I would also like to show you how to clear off your device. It is really simple. All you need to do is incorrectly enter your PIN three times in a row. So I’m going to enter so that I get a notification that I’ve done it wrong. I’m going to do that twice more so, and one more time that was number two, And it’s going to tell me that my device has been wiped. And it’s going to give me information as far as contacting the company for assistance, if I needed.

But once I scroll through this I’m going to end up back at the welcome screen. So my device is cleared and I’m starting from scratch. Now, if I would like to recover my accounts what I’m going to do is I’m going to start it up and I’m going to hit that no, I would not like to start a new device and that I would like to enter my recovery phrase.

First thing, I’m going to pick a PIN number just like. When I go through these steps, it’s going to ask me how many words do I have my recovery phrase.

So there were 24 in the one that we wrote. And lrdger we’re going to do is the first word of your recovery phrase you’re going to scroll through and you’re going to pick the first leger.

What is Bitcoin

Plugin your Nano via OTG cable and you will receive a pop-up message. Buy Bitcoin with exchange services Exchanges provide you with information on bitcoin price. Buy a Bitcoin hardware wallet to securely store your Bitcoin The crypto-sphere is full of incidences where people have lost their money. The main principle behind hardware wallets is to provide full isolation between the private keys and your easy-to-hack computer or smartphone. Your Nano S must be setup before use with Mycelium. Read all. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Dennis G. Legendary Bitcoin huy, developer and speaker Andreas Antonopoulos believes that hardware wallets are the best storage solution for the average person:. Note that the private keys from your Ledger Nano S seed are ledgfr stored in Mycelium. Give yourself peace of mind and take full control of your crypto. Peace of mind comes as standard with o quality. Buy Bitcoin Worldwide is for educational purposes. Your funds should immediately be moved to cold storage. Simply send your funds from your exchange to your Bitcoin account in Ledger Live. The good news is, Ledger plans to add this feature to the Nano Ledgee soon.