Crypto Wallets

TREZOR Wallet Guide

Receiving Payments In Trezor Wallet

Once you have initialized the Trezor device, your wallet is ready to be used. At this point, you should be able to see the home screen with the empty wallet and by clicking on Account #1, you will see an empty transaction tab. Now you can easily receive your first coins. You can now select the cryptocurrency that you want to receive in the top left corner of the screen. The wallet supports Litecoin, Bitcoin, Dash, Zcash, Dogecoin, Bitcoin Gold, Bitcoin Cash and a number of other cryptocurrencies that can be accessed using third-party wallets. Warning: Do Not send or receive transactions to addresses that are generated for different cryptocurrency such as Bitcoin Cash to a Bitcoin Address. Next, you have to select the Receive tab to get the first receiving address. Make sure that you provide your receiving address to someone who has not had his computer changed by an infected computer. The feature shows the full address that has been developed by exactly this purpose. Confirm On Trezor At this point, you will be asked to check and confirm the address on your device. Make sure that the receiving address that was created by your device matches the one in your wallet. This will make sure that the address is yours and not generated by a third party. Re-check and re-confirm the address on your device by clicking on the eye icon next to the address. Display The Address As A QR Code To display the address in the form of a QR code, make sure to click on QR on your Trezor device before you confirm the address. The QR code will then be displayed on your device and in your Trezor wallet. To display the QR code in your wallet only, confirm the address on your device. Generating multiple addresses You may also use the [show new address] button to generate multiple receiving addresses and this will also help you keep track of your payments as well as to maintain a high level of privacy. For additional privacy, make sure to read using multiple accounts. Note:  It is possible to repeatedly reuse the receiving addresses that are generated in your account. Transaction confirmation Now you will be able to use your newly generated address to receive funds and when someone makes the payment to you, you will see it your transaction panel and at first, it will appear as unconfirmed. After the transaction gets its first confirmation in the network, you will see the ‘’unconfirmed’’ text replaced by the time of the transaction. You can always double-check the transaction status in the blockchain explorer by clicking on the confirmation time. Send your newly received funds before the first confirmation but we recommend that you wait until the transaction is confirmed.

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Unboxing the Trezor device

Trezor Wallet Box - If you want to open the Trezor device, you need to slide the white sleeve away. You will see the black case and how it is held together by glue and a magnet. You should flip away the fold on the lower part of the case and raise the cover. Trezor Wallet Box - You will see the Trezor device, which rests on a magnetic dock. The black box next to your device includes an USB-C cable, two Recovery seed cards, a user manual and four stickers. Important: Make sure to check the integrity of the holographic seal on your device when opening the package. The seal should sit tightly over the USB-C port to ensure maximum protection. When removed, it leaves noticeable marks. If the seal is impaired in any way, contact the Support Center.

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Setting up the Trezor device

  Connecting The Device You should start the setup process by connecting your Trezor device to your computer using a USB cable. Make sure to check if the device is properly connected before starting it - by pushing the cable until you feel a slight click (which may require a bit of force). When your device is connected, open your browser and visit trezor.io/start as your Trezor screen shows. Continue by selecting your Trezor model. Next, download and install the Trezor Bridge, an application that facilitates communication between your Trezor device and your computer. After you successfully install the device, refresh the page and let the Trezor Wallet automatically detect your Trezor device. Trezor Bridge is a program which is designed to run in the background and requires no interaction. There is no need to open or do anything once Bridge is installed. Tip: If you use Chrome, you can also connect your device using WebUSB, while in Firefox, Bridge is the only option.  
Installing The Latest Firmware New Trezor devices are shipped without a pre-installed firmware - to ensure that the latest firmware is installed when initializing a new device. By leaving this step to you, the manufacturer also enables you to check how legit the firmware is. If you want to install the firmware, simply click the Install Firmware button. Tip: If you receive a new Trezor device and the firmware is already installed, immediately contact the Support Center.  
Create A New Wallet If you want to generate a new wallet, click on the Create New button. Your device will then generate a new and unique seed which holds all of your accounts and addresses. Although Setup Trezor is ready to be used, we recommend to continue the onboarding process. If you want to ensure maximum safety, make sure to complete the steps outlined below.  
Create A Backup Click on the Create A Backup… button and prepare to write down your recovery seed on the uniquely designed cards that are included in your package. Here, you will be presented with a random set of English words, each of which is displayed on your device’s screen. Next, swipe up your finger on the touchscreen to view the next set of words. Write them down carefully (in the exact order they are shown). Once you do this with all of the secret words, you will be asked to enter a few randomly selected words from the 12-word seed on the touchscreen. Tip: Do not make a digital copy of your recovery seed - and don’t upload it online! If your backup fails during the process (because of a power failure or other reason), check the Recovery Seed Backup Fail page.  
Name your Device Giving your device a unique name will make it distinguishable and help you quickly identify it. It will also make it easier to select it in Trezor Wallet, especially if you have multiple devices. Your name can hold up to 16 characters.  
Set Up A PIN Setting up a PIN code is the best way to protect your Trezor device against any unauthorized physical access. PIN protection is recommended as soon as you initialize the new device. Use the touchscreen of the device to set up and enter your pin. The PIN layout will change at each new prompt. The length of the PIN (recommended) is 4 to 6 characters. The maximum PIN length is 9 digits.  
Bookmark Your Page For easy access to the Trezor Wallet interface, we recommend you to bookmark the page in your browser. This will help you avoid any unnecessary googling and any distractions trying to get you to a fraudulent site.  
Stay In Touch Subscribe to the Trezor newsletter and follow the brand on social media to keep updated about the latest news about Setup Trezor development, upcoming features and emerging applications.  Congratulations - your Trezor device is successfully set up and safe to use!

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Getting to know your Trezor Wallet

For those of you who don’t know, a Trezor device is basically a single purpose computer which is used for securing your cryptocurrency holdings, sign transactions and managing your digital identity. All of the private data stored in the Trezor device (and its memory) will not be erased even if you use the device for a certain period of time. The Trezor device does not need a battery - it draws power through the USB connection with your devices. As such, it may be used for a variety of purposes in a wide range of compatible software, starting with the Trezor Wallet. Trezor Wallet is a browser interface for your Trezor device. The main features of the Wallet include easy control of your cryptocurrency assets, management of your accounts, starting transfers (sending cryptocurrencies or receiving them) and more.

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Setting Up Your Trezor Device Homescreen

Getting to personalize your Trezor device home screen is very simple and fun to do. You can easily do that by going to the official Trezor Wallet website and select the name of your device and click the Homescreen tab. Once you click that, three options will come up. The easiest way to change the home screen is to choose a picture that is already uploaded in the gallery.
  1. Click the picture that you like
  2. Click on the [Set As Homescreen Button] in the preview area
  3. Confirm the chosen action on your device
homescreen Make sure that the pictures you choose are in the required format (144 px x 144 px)
  1. Click The Trezor Homescreen Editor
  2. Upload a picture from your computer or insert a URL
  3. Scroll to zoom in or out of the photo and edit the image
  4. Save the picture to your computer and return to the Trezor Wallet website to upload the picture

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Transferring Assets To Trezor

In this section, you will learn all of the information about how to safely transfer your cryptocurrency funds into the account that is protected by your Trezor device. If you already have your own cryptocurrency assets in a wallet, it is easy to send them to an account secured by your own Trezor device which uses a receiving address generated in the wallet and confirmed by the device. In case you do not own any crypto assets yet, the first thing you need to do is to get them. One way to buy them is to use the cryptocurrency ATMs around the world. You will have to scan the QR code for one of the accounts. Next, you will have to print the QR code out and use it with the ATM to change cash into crypto. There are also plenty of online exchanges where you can simply change fiat currencies for cryptocurrencies. Most of the exchanges also offer you to hold your assets on their web wallets but this is not usually recommended as many people have complained of losing their funds during security breaches of their services. If you do end up to buy funds online, make sure to send them to accounts that are already protected by the Trezor device after the purchase. It is very important to know that you cannot transfer fiat currencies directly to your Trezor.

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Basic Features And Operations

Receiving Payments In this section, you will learn all of the information regarding how to use the Trezor Wallet to receive payments. The information is only regarding the Trezor One Model. Once you have started your Trezor, the wallet is ready to be used. Here you should be able to see the home screen with an empty wallet and by clicking on Account #1 and you will see the empty transaction tab. By doing this, you will become ready to receive your first coins. Select the cryptocurrency that you will like to receive in the top left corner on the screen. The wallet supports Litecoin, Dash, Zcash, Bitcoin, Dogecoin, Bitcoin Cash, Bitcoin Gold, and Vertcoin. Plenty of other cryptocurrencies can be accessed using the third-party wallets and make sure to check the list on the official website. Warning: Do not send or receive transactions to generated addresses for different cryptocurrencies, for example, Bitcoin Cash to a Bitcoin address. Click on the Receive tab to get your first receiving address. Also, make sure that the receiving address provided to someone else has not been changed by an infected computer. The feature shows the full address that has been developed for the same purpose. Confirm On Trezor At this point, you will be asked to confirm and check the address on your Trezor. Make sure that you always double-check the receiving address that is created by your Trezor device matches the one in the wallet. This will ensure that the address is yours and not generated by other entities and third parties. You can always re-check the address on your Trezor device by simply clicking on the eye icon next to the address in Trezor wallet. Display the address as a QR code In order to display the address in the form of a QR code, simply click on the QR on your device before you confirm the address. The code will be displayed both on the Trezor device and in the wallet as well. To display the QR code in the wallet just confirm the address on the device. Generating multiple addresses You can also generate multiple addresses by simply clicking on the new address button. This will help you keep track of the payments you make as well as maintaining a high level of privacy. Note that it is possible to reuse any of the receiving addresses generated by the account. Transaction confirmation The newly generated address is completed by this time already and you are ready to receive some funds. When someone makes a payment to your address, you will see your transaction panel. At first, it will appear as unconfirmed and after the transaction panel. It will first appear as unconfirmed but after the transaction gets its first confirmation in the network and you will see that the ‘’unconfirmed’’ text will be replaced by the time of the confirmation. You will also be able to double-check the status of the transaction by clicking on the confirmation time. At this stage, you can send your newly received funds before the first confirmation but we do recommend waiting until the transaction is confirmed multiple times.

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Recovering The Funds Sent To Different Addresses

Be careful not to send funds from a single cryptocurrency address to an address that belongs to another cryptocurrency by mistake. You could send your Bitcoins to a Bitcoin Cash address by accident for example. In these situations, you can use a specialized tool which will allow you to recover the lost funds. Important Note: Double-check the addresses when you send or receive transactions because you may lose the funds forever. This tool can be used in limited cases only. Here is a list of all recoverable transactions:
  • Bitcoins sent to a Bitcoin Cash 1 address
  • Bitcoins sent to a Litecoin 3 address
  • Bitcoins sent to a wrongly generated Bitcoin 1 address
  • Bitcoin Cash sent to a Bitcoin 1address
  • Litecoins sent to a Bitcoin 3 address
  • Litecoins sent to a Bitcoin M address
Note: It is also possible to recover the ether that is wrongly sent to the Ethereum Classic address and vice versa.

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Making payments In Trezor Wallet

This article will explain all the details you need to know about sending cryptocurrency funds using the Trezor Wallet, Making payments In Trezor Wallet Note: This guide applies to the Trezor Model T To make payments, all you have to do is to plug in your Trezor device and go to the account page in the Trezor Wallet and find the Send Tab. Select the cryptocurrency that you would like to send in the top left corner of your screen. Make sure that you only send and receive funds between accounts of the same cryptocurrency because mixing them will likely lead losing your funds. Enter the amount and destination The next thing you need to do is to type in the destination address for your transaction. Here you can also scan the QR code if available by simply pressing the [Scan QR] button in the address field and hold the code in front of your camera.
Making payments In Trezor Wallet
Making payments In Trezor Wallet
Next, insert the value of the funds whether that is cryptocurrency or fiat. Just remember that the fiat currency exchange rates are based on the current exchange rate. Press the [arrow] button that is next to the amount field to send all of the funds to the particular account. By pressing the [Add recipient] button, you can send funds to multiple addresses with one transaction. Here you can also add addresses by clicking on the [import from CSV] button. Sending funds to multiple addresses at the same time is very simple and convenient because it saves you money in transaction fees. Transaction fees There are four different priority levels but please note that the fees are used to fund the running of the network and are not charged by SatoshiLabs as many believe. Labeling In this section, you will also be able to use the comment row where you can write a comment for the current transaction. Confirming the transaction Once you press send, you will be asked to confirm the transaction. Make sure to check the amount of the transaction and the destination address. If the amount and the address are correct just simply press confirm. If the amount and address displayed on your screen are not the same as those on your screen, your computer might be infected but don’t worry since the funds are still safe in your Trezor but make sure to contact the support team of the wallet. Once you have confirmed the address destination and amounts of your coin transaction, your Trezor will display the total amount of the transaction with the fee. Again, check and confirm all the time. Transactions confirmation Check your transaction in the Transaction tab but as mentioned before, it will first appear as unconfirmed and once the transaction gets its first confirmation in the network, you will see that the time of the confirmation is signed next to the transaction. You can always double-check the status of the transaction in a blockchain explorer by clicking the confirmation time. Make sure you wait until the transaction is confirmed multiple times.
Making payments In Trezor Wallet
Making payments In Trezor Wallet
Making payments In Trezor Wallet
Making payments In Trezor Wallet

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Transaction Details

In this part of the article, you will learn all about the transaction details that are available in your Trezor Wallet. The wallet displays all of the information about each transaction in the Transaction tab. Here, you can export the list of transactions to CSV or PDF by simply clicking on the [Export button]. It’s important to make sure you always use the right cryptocurrency. You can always switch to the preferred cryptocurrency in the top left corner of the screen.

Timestamp The timestamp is the time when your transaction was confirmed. It’s easily noticeable on the left side of the transaction line. When the transaction is initially made, the timestamp will display as ‘’unconfirmed.’’ Once your transaction is confirmed, you will be able to see the time and date. It is highly recommended that you wait for the transaction to be confirmed before you consider it done. When you click on the timestamp, make sure to check the status of your transaction by using a blockchain explorer. Right next to the timestamp, you will be able to see the address to which the funds were sent.
Amount The last value that you will see on the screen will display the number of funds transferred. The outgoing transactions will be marked in red and have a negative value and the incoming transactions will be colored in green with a positive value.

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Logging Out Of Trezor Wallet

When using the Trezor device on a public or shared computer, you do not want your wallet to continue showing your device once you leave or stop using the computer. You can easily Logging Out Of Trezor Wallet  by selecting your device on the left panel, click on the eject icon and then select [forget].
Logging Out Of Trezor Wallet
Logging Out Of Trezor Wallet
           
You can also unplug your Trezor device and click on Forget. If you want to unplug your device but still want your Trezor Wallet to remember your device, unplug it and click [remember device].

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Labeling addresses, accounts and transactions in Trezor Wallet

The labeling feature of the wallet is a great way to organize your crypto wallet and to always keep track of your history. All of your private data is secured and is instantly available from any computer. All of the information you add is encrypted automatically by a key that is derived from your own Trezor device and uploaded to your Dropbox account. Setting up First, you need to click on the [enable labeling] button on the left side of the screen. Then, click [connect to dropbox] in the pop-up window that appears. Log in to your account and if you do not have an account make sure to first create one since it is free. Once you log in, Trezor will ask you for your permission to create a folder in your storage to store the labels and you will have to confirm this aciton. Finally, enable labeling by confirming on your trezor device.
How To Rename Your Account Once you enable the labeling, just hover above your account name and click on the tag icon that will appear. Enter a new account name and confirm by clicking on the [save] button. The account now has a new name.
Receiving Addresses The receiving addresses help you to identify the incoming payments as well as to assign them to a certain purpose. You can label all previously used addresses as well as create new ones. Just type your label into the text field next to the created address and hit the save icon. You will be also able to see the label in your transaction history when someone sends you a payment to an address that you previously labeled.
Commenting Adding comments when you send a transaction will help you to keep track of your expenses. Fill in the comment Text field in the sent tab and the comment will become visible in the transaction tab as well. Another advantage of the comments is that you are able to keep track of the multiple payments within one transaction and you can add a comment to every single address.
Dropbox And Trezor The Trezor wallet creates a folder for your dropbox account and stores all of the labels for each trezor account separately. To be safe in case you cannot access your Dropbox account, you can back the files up in secure storage in another place. All of the files are encrypted with a private key and it is not possible to use your Dropbox to gain access to the payments history to your actual balance.

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Updating The Trezor Device Firmware

Updating the firmware of the Trezor device is mainly one of the most efficient and sometimes the only way to expand the functionality of the Trezor wallet in order to apply new security measures and to enable newly developed features. When a new firmware version is released, the Trezor Wallet will display a simple bar in the upper part of the interface of the device. By clicking the [show details] button, you can review the changes brought with the update and you will see the instructions that ask you to connect to the device in bootloader mode. To check the current firmware version, simply enter the bootloader mode or choose the Advanced settings bar in the Trezor wallet. To see the change log in the firmware, click the [changelog] button.  
  1. Bootloader mode
Enter the Bootloader mode by swiping your finger across the touchscreen of the wallet and plug the USD cable when your finger is halfway through. Once you connect while in the bootloader mode, confirm the connection on your device.
  1. Updating the firmware
Important note:  Before The update of the firmware make sure that you have your recovery seed available if you need to immediately recover your wallet. Some of the firmware updates sometimes delete the memory of your device. When you enter the bootloader mode, choose to update the firmware or reset the device completely. Before you choose any option, read the instructions and warnings and check which option suits your needs. Once you choose, click the [confirm] button and let the wallet update the firmware. Important note: Trezor will delete all of the data if the device loses connection while it is loading the new firmware. This could also happen in situations of a faulty cable. In such a case, reconnect your Trezor wallet and repeat the process.

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Basic Wallet Settings

When you use this tab, you can easily configure the basic settings of your Trezor wallet after you have already set up. You can access this field by clicking on the name of your device and then clicking on the Basic tab. Below this tab, you can find a short description of all of the functions. Device Label In this part of the basic settings, you can change your device label. Simply click on the Change label, type the desired new device label and click on the [change button]. Make sure you click the confirm button and you are all set. After you have completed this action, you will be able to see the name of your device in the top left corner of the screen. PIN Protection This basic function will allow you to change your PIN if you have chosen to enable it. First, press the [change PIN] button and then enter the current PIN that you use for your device. You will be asked to enter your new PIN and then confirm that that is the PIN you want finally. Once you have confirmed, you have successfully changed your PIN. Balance This section will give you the information about your total balance of all of the accounts with your selected cryptocurrency. You can see the currently selected cryptocurrency in the top-left corner of the screen. Account public keys (XPUB) In this section, you can display your account public key that is used to generate the watch-only wallets for third party services.

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Wiping the Trezor device

Wiping the device means that you will delete all of your data associated with the pre-existing accounts and settings that are associated with it including the PIN, Homescreen, Name, and passphrase. Warning: Make sure that your seed is valid before you decide you wipe your device! Check the validity of your seed at any time by doing a Dry-run recovery! Wiping the memory of PIN-protected device The PIN can be easily lost or forgotten. A locked Trezor Model T only allows you to disable the PIN protection by resetting the device to factory settings. When connected to the Trezor Wallet, swipe your fingers across the screen and at the same time plug the cable into your device. Once connected in bootloader mode, confirm the connection on your device. Then, Click the reset device button and confirm the action on your device. This way your Trezor will become empty. Reconnect your device and install the firmware so once it is installed you can continue to the recovery process.
Wiping The Memory Select the device in the Trezor Wallet interface by clicking on the name and find the advanced tab in the menu bar located at the top of the page. You can configure the advanced settings on the device. Click on the Wipe Device button at the bottom and confirm the action.

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Dry-Run Recovery

The Dry-run recovery is a very useful way to test your recovery seed and it is recommended to test it before you decide to wipe your Trezor device or before the firmware update. It will allow you to double-check your recovery seed backup and whether it is correct. By starting the verification process, you will command the device to run the recovery process but you do not want the device to remember the seed. In the end, the device will compare the seed that is saved in its storage and the seed you have recovered. The result of this comparison is sent to the Wallet interface. If the seeds match, the message on the device screen will tell you that you’re back up is okay. If it’s not the same, the device screen will show you an error. Important Note: The warnings shown on the device during this process is related to a full recovery.
Dry-run recovery manual
  1. Go To the wallet.trezor.io website
  2. Click on your device name in the top-left corner and choose the Advanced Tab
  3. Go to the check recovery seed section and click check recovery
  4. Select the number of words in your recovery seed and click [continue]
  5. Follow the instructions on the screen and your device.
Important Note: the dry-run is the same as the normal recovery process. You can use the standard entry on the computer or use advanced recovery. The users of the Trezor Model T will enter the seed words on the device display.

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Recovery

Recovery represents the process of using a recovery seed to restore and grant you access to an already existing account. Warning: some malicious websites which falsely present themselves as the official Trezor Wallet, will ask you to enter your recovery seed in the browser by a very specific order. Do not enter your recovery seeds unless the physical Trezor Device instructs you to do so and then confirm on your device. Always trust the instructions on your Trezor device.
Recovery Preps If your device is new or empty, the Device is ready for you to restore your wallet using your recovery seed. If you have lost your PIN and you need access or simply want to load a different seed into your device, you will have to wipe the memory of your trezor. Be sure to have your Trezor connected to a computer or other compatible device and visit the wallet in your browser. If your wallet is not initialized, an option to either create a new wallet or recover an existing one. If the device has been initialized and you want to recover a different seed, return to the Preparing your Trezor for recovery section.
  1. Click on the recover wallet button and enter your recovery seed
  2. Select the corresponding number of words of your seed using your touch screen.
  3. Enter the words of your seed on your device by following the instructions.
Double-check the spelling of your seed words. Note that with your Trezor Model T you will have to enter all recovery seed words on the device. Once you have recovered your wallet, continue the setup by enabling basic security.

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Advanced Recovery

On the contrary to the standard recovery process, the advanced recovery is slightly different. Instead of writing whole words in a shuffled order, the user will have to input individual letters on the PIN pad. The connected computer will not be able to know which letter is being entered as the layout of the PIN pad continually changes. By using the advanced recovery, you will have more time compared to the standard recovery method.
  1. Plug your uninitialized or wiped device into your computer and navigate until you find the recovery button.

2. Select the length of your recovery seed and double-check the advanced recovery checkbox.
3. Input the letters that the seed word contains and you will see the PIN pad on your computer screen just like the one you use to enter your PIN.
4.The device screen will show you a virtual keyboard composed of nine buttons each assigned to one, two or three letters. Choose the letter by clicking the right button on your computer. The letter layout will change with every input.
5. Type the first four letters for each word. Each letter will need to be selected individually.
Note: After the third letter, there is not much to choose from. The word list was made in that manner so that there are no words with the same combination of four letters. To fit all the letter into the 9-key layout, ‘’-‘’ is used to mark the sequence of letters. Once you have done that, repeat the same process for the next 23 words to finish the advanced recovery process.

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Advanced Settings

There are a few advanced settings that can be configured after setting up your device. You can access the Advanced Settings option in the Trezor wallet by clicking on the name of your device and then clicking on the tab. Here you will be able to see some of the functions such as:
  • Firmware version
  • Passphrase
  • Disable PIN protection
  • Check recovery seed
  • Wipe Device

Firmware version This function tells you the current version of your device firmware. You can check the firmware changelog for more information and updating the Trezor device firmware feature.
Passphrase Here you can set up your passphrase protection. Check the Passphrase, Using Passphrase and the blog posts about the Passphrase of the wallet to find more information.
PIN Protection Disabling Here you can disable your PIN protection but this is not recommended to do so. The protection reduces the risks that could occur if someone with physical access to your device could enter your cryptocurrency funds. Trezor asks you for your PIN each time that you will plug In your device but your computer cannot learn your PIN.
Recovery seed check You can also run a simulated recovery check for your recovery seed. It is recommended that you do this before every update of your firmware.
Wipe device This button allows you to wipe your device.

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Signing And Verifying Messages

Signing Messages Signing your messages can be used to prove that you have ownership of a specific address. In a situation where this might be very handy could including having your bitcoin exchange account protected with 2FA but you lose access to your 2FA tool. In order to unlock your account, you can be asked by the operator to sign a message with the Bitcoin address that is related to your exchange account. To sign a message, simply select the account in question in the wallet and go the Sign&Verify Tab.
  1. Entering an address and message
Type the message into the message box and then copy and paste the correct address into the address box and confirm by clicking on the Sign button.
  1. Confirming the signature
Check the text of the message and if it is correct, click on the Confirm button. Once it is confirmed, the signature will appear on the screen. Verifying Messages When you want to verify a message, simply select the account in question in the Trezor Wallet and click the Sign and Verify Tab.
  1. Entering the address and the message
As explained above, copy and paste the signed message into the message box. Paste the address that you used for signing the message in the address box and paste the signature into the Signature box. Click on Verify.
  1. Validate
Trezor will show you the beginning of the message on the display if it is verified correctly. You will get an error message otherwise. Once you have confirmed the verification on your Trezor, the sign ‘’Message Verified’’ will appear on your computer screen.

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Using Multiple Accounts

For each supported cryptocurrency, your Trezor device can manage multiple accounts. This allows for much easier tracking of balances and easier management of your crypto identity. To enhance the privacy of your transactions, you can make more accounts each with a different purpose such as private purchases, business use, and personal use. Creating a new account is very simple. When you enter your Trezor Wallet, press the +Add Account button at the bottom of your accounts list. Note: To send funds between the two or more accounts, send a transaction from one account using the receiving address of the other.

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Exchange

In order to exchange your funds, there are a few steps you need to follow:
  1. Connecting to your wallet and choosing the coins you wish to trade
You can now access the wallet of the coin you wish to sell in the top-left corner of the screen. Next, you have to carefully select the right account. Find the exchange tab in the top-right part of the interface and click on it. Warning: Don’t select cryptocurrencies that you want to buy. If you want to exchange your Litecoin for Bitcoin, select the Litecoin cryptocurrency as your default cryptocurrency!
  1. Set up
- Set the amount that you want to sell in the first field on the top - Select the cryptocurrency you want to buy and the receiving amount - Check the transaction fee because they might vary depending on the network traffic
  1. Pick an exchange
- Select the exchange that you prefer. Click on the Continue button next to the exchange - Select one of your accounts or a custom address to receive your coins - Verify the address - Confirm the trade Warning: Using a wrong address could lead to your permanent loss of funds. Use an address that corresponds with the ‘’coin type.’’
  1. Executing the trade
- Double-check the details - TRIPLE-CHECK! - Confirm Coins for exchanging You can choose from Bitcoin, Bitcoin Gold, Bitcoin Cash, Cardano, Dogecoin, Ethereum, Dash, Maker, Monero, Litecoin, EOS, Ethereum Classic, Ripple, Stellar, Tether, Tron, Zcash.

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Displaying Account Public Key

In multiple cases, you will have the need to display the account public key for your account. The XPUB can be used to generate watch-only wallets. To see the XPUB of your wallet account, plug in your Trezor and go to wallet.trezor.io and click on the name of your device and then go the Basic tab. Once you get here, click on the [show XPUB] button. Trezor Wallet should now display your XPUB both as a QR code and as a text. If you use multiple accounts, click on the relevant XPUB to get your QR code. Scan it into your app that supports XPUB and then watches your transactions and receives payments everywhere. Warning: Be careful with your public keys. If you expose them to a third-party, you allow them to see your entire history.

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Moving Funds To A Wallet With New Seeds

If you ever think that your recovery seed might have been compromised, it is highly recommended that you send your funds to your other Trezor device as a soon as possible. If you only have one device, you can move your funds to a new wallet with a new generated seed. By doing this, you will start a slightly complicated process but make sure to follow the instructions below and always be sure to write down the recovery seed carefully. This process is for experienced users only. You will need your Trezor device, your current recovery seed, a sheet of paper and a pen. Follow these steps:
  1. Make sure that you have the original recovery seed available and check the validity of the seed using the dry-run recovery procedure.
  2. Wipe your device
  3. Set up your device with a new recover-seed and write down the seed
Now you will have to follow more steps to get the receiving address for your newly generated wallet:
  1. Select which cryptocurrency you want to transfer
  2. Go to the Account 1 Page and click the Receive Tab
  3. Write down the receiving address
Make sure that you have your new recovery seed written down. Recover the device with your old recovery seed. Wipe your device again. Recover your Trezor using your new recovery seed and you are done. Having multiple Trezor devices available if this is the case, skip the first step if you want to use an initialized wallet:
  1. Initialize your other device. Create the back-up for this wallet by writing down the recovery seed offline.
  2. Generate the receiving addresses and write them down
  3. Transfer the cryptocurrencies from the device into the new device
  4. Wipe the original device or use the old seed for preferred purposes
Note: It is strongly advised to get another Trezor device to ensure maximum safety and convenience.

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Locktime

In order to use the Locktime feature on your Trezor Wallet, make sure you follow the next steps:
  1. Calculate the block that you would like to add your transaction to current block height+ a number of blocks to wait for adding transaction.
Note: You can find the current block height on the blockchain explorer for bitcoin and the blockchain explorer for Litecoin.
  1. Click on the Add Locktime button in the right bottom corner of the transaction and add the block into the locktime box.
  2. If you add the future block as a locktime in the transaction, an error will appear on your screen but don’t worry because the Trezor Wallet cannot broadcast the transaction because of the selected locktime. Then, copy the raw transaction in the hex format and necessary to broadcast the transaction after the given block is reached.
Note: Make sure you save your raw transaction in a safe place.

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OP RETURN

You can use the OP Return Feature on your Trezor Device by following the next steps:
  1. Click on the Add OP_Return button in the Send Transaction tab.
  2. Write the text in the Databox
  3. Click Send.
Note: It’s important to know that if you send a longer text, the transaction fee will be bigger as well.

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Claiming Your Crypotcurrency After Coin Split

The Trezor wallet company developed the claiming tools for the users who wish to claim Bitcoin Gold and Bitcoin Cash. The tools can be used by the users who owned Bitcoin on their addresses when the hard forks happened. Note: Bitcoin, Bitcoin Gold, Bitcoin Cash are totally independent cryptocurrencies so when a transaction is sent on one chain, it won’t affect the other ones. This also applies to the claiming tool as well and by using the tools to claim your bitcoins will not be affected. Claiming cryptocurrency after a coin split with Trezor The first thing you need to do is to connect your Trezor.
  1. Go to the BCH claiming tool and claim your Bitcoin Cash or to BTG Claiming Tool to claim your Bitcoin Gold.
  2. Click on ‘’Connect with Trezor’’ and enter your PIN or passphrase.
  3. Choose the account from which you want so that your BCH/BTG and set the target address.
Note: If you want to use the third-party bitcoin cash address, use the address converter to convert the address to the legacy format. The Trezor claiming tool requires the bitcoin cash address to be in the legacy format. Make sure to verify the converted cashaddr by clicking the eye icon and checking the address on the Trezor Device so you can set the amount and fee.
  1. Click on the ‘’Claim’’ button.
  2. Confirm the claiming
  3. Repeat for other accounts

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Creating And Recovering A Wallet With Shamir Backup

Note: The Shamir backup feature is available only for Trezor Model T. Important remarks:
  • You will be presented with 20 or 33 random English words which will be displayed on the screen of your device. These words will not be shown on your computer screen so do not use the backups offered to you by your computer.
  • The word sequences are referred to as ‘’recovery shares’’ so if you use them correctly, the recovery shares can be later used to recover a wallet in case of theft, loss or destruction.
  • Always keep the recovery shares written offline. Don’t take pictures of the shares and don’t make digital copies of the recovery shares. Also, never upload them online.
  • The Recovery shares will be presented only once. It is not possible to have the same words shown again. Pay close attention to every word and make sure you write them down correctly in the correct order.
First, you have to do is to visit the Trezor Beta Wallet and connect your Trezor device. To create a new wallet click on the [create wallet] button. Select the type of wallet you want to create from the two given options:
  1. Single backup- with a single generated recovery seed of 12, 18, 24 words.
  2. Shamir Backup- a feature that uses multiple recovery shares.
Make sure you read the disclaimer and confirm that you know what you are doing. Visit the main Shamir Backup page and learn some more of the feature before continuing. Backing Up The Wallet Read the terms and service and confirm that you want to generate a new wallet with the Shamir Backup and click the [checkmark] button. Tap the green Back up button and create a backup for your wallet. You can also skip this process and do it later but be aware that you will only have one chance to back up your wallet. Click the green [continue] button to continue. Set the preferred number of shares and again click the [continue] button. Set the threshold for recovering the wallet. The lowest possible threshold is always **two shares** and the maximum is the total number of generated shares. Set the threshold and click on [continue]. Confirm that you understand the conditions and make sure to never upload them online. Tap [continue] to show the first recovery share. The device will now present you the words of your first recovery share. Write down the words **in the presented order** and swipe to see the next words. When you are done writing down words, press [confirm]. The device will also you to select three words that will help you make sure you wrote them down correctly. If everything goes OK, you will see a confirmation screen on the device so you click [continue] and continue until you have all shares are written down.

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Security Practices

Choose A Good PIN The PIN is a powerful tool that will keep your coins safe. This is the only thing that is standing between a thief and your funds if someone steals your device. Don’t use simple or predictable PIN such as ‘’12345’’! Suggestion: The numbers that are displayed on the Trezor screen when it requires a PIN are randomly sorted and get changed every time that you use the device. You can also use them as the basis for the PIN if you do not have a better idea. For example, you can also use the first two rows when you see the matrix. If you cannot remember the PIN, write it down on a recovery card. Keep Your Recovery Seed Safe Warning: Some fraudulent websites pose as the official Trezor Wallet and they can ask you to enter your recovery seed in your browser in the order specified. Never enter the recovery seeds anywhere except in the physical Trezor device and only when the device instructs you to do so. Always trust the instructions on your Trezor device. If you do not use a passphrase, the recovery seed is the only thing you need to access your coins. The physical security of the recovery seed is more important than the one of your device. If Trezor gets stolen, it is improbable that the thieves will be able to access it without your PIN. If someone steals your seed, the coins can be accessed easily by using a different device or wallet. If your Trezor is lost or stops working, the recovery seed is the only way to get the coins back. Store the seed somewhere safe, most recommended is that you write it down on a piece of paper. It could be a good idea to make multiple copies. Where To Keep Your Recovery Card It is a good idea to keep it in a locked drawer away from fire and water. Also, a safe place where thieves cannot find it but a family member has access in case something happens to you. Where NOT To Keep Your Seed Never use your Seeds on Dropbox, Email, Offline Backup, Encrypted Folders, and Online Backup. Use passphrase It is also possible to add a passphrase to your Trezor which will allow you to keep the wallet safe from physical attacks. If someone steals your device and takes the chip under an electron microscope to discover the recovery seed, the coins will still be safe. The passphrase can be only one word or multiple words but it should be easy to remember. The bad side here is that you can forget the passphrase and you will lose your coins forever. Note: Every passphrase generates a new wallet and if you have some funds in your wallet before setting up the passphrase, they will not show up after enabling the passphrase. Don’t worry, they are not lost and you can still access them by entering an empty passphrase. This feature is for the advanced users only because if you are not sure how this feature works, it is not recommended that you use it. Get A Second Trezor Device Getting a second device is a good idea for additional safety that will ensure stronger protection to your funds. If the trezor device or seeds are stolen, compromised or lost, you can always send the funds to your second Trezor wallet. If you lose access to both your device and recovery seed, the funds will be lost. Keep Quiet About Your Crypto Balance It is better now to speak about how much cryptocurrencies you have in your accounts. Talking too much is dangerous especially on social media and internet forums. There were many cases when malicious parties read the conversations on forums and tried to steal the funds by using a variety of tactics.

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Emergency Situations

The goal of this article is to help you combat and navigate when unexpected circumstances occur. The issues that will be described below are preventable most of the times and are easily manageable by the following guidelines. Losing Access To Your Accounts In case you lose your trezor device, the best option is to get a new device and use the recovery seed to recover your wallet. If you don’t have another device available, consider buying a new one. If you need immediate access to your accounts, use a compatible third-party app that can export and recover your seed. Warning: Recovering the seeds using a third-party application and online services can get your recovery seed compromised! What If The Recovery Seed Is Not Available? Sometimes, there is no way to restore the access to your account if you lose all the records of your recovery seed. You can look at the list of all possible words and try to remember but the SatoshiLabs do not maintain records of the recovery seeds used in the Trezor devices. Forgetting/ Losing The PIN You are easily able to reset your PIN by wiping the device and recovering it with your recovery seed. Forgetting/Losing Passphrase This is similar to the loss of your recovery seed and this is also unfortunately irreversible so nobody can help you access your passphrase protected accounts. Losing The Recovery Seeds The recovery seed is the most important record of your device. Without the recovery seed, you will not be able to recover your Trezor Wallet if it gets wiped out, lost or damaged. Never update your Trezor device’s firmware without the recovery seed. One Device For Multiple Accounts If you lose your recovery seeds but still have access to the Trezor Wallet, you should move your funds somewhere else right away. Then you will be able to wipe the Trezor device and create a new Trezor Wallet with a new recovery seed. It is also recommended to have another device for situations like these.  If you don’t have the spare device, follow these steps:
  1. Send your cryptocurrencies to a third-party wallet
  2. Wipe the device
  3. Initialize your device again and create the back-up for this wallet by writing down the recovery seed offline.
  4. Generate the receiving address
  5. Transfer the cryptocurrencies from the third-party wallet to the newly backed wallet.
Warning: By sending the cryptocurrencies elsewhere, you are exposing the coins to a dangerous environment. Having Multiple Trezor Devices In this case, you should be able to transfer the cryptocurrencies to addresses that are generated by the other device. Get your second device and proceed with the following steps:
  1. Initialize your device and create the back-up for this wallet by writing down the recovery seed offline.
  2. Generate the receiving address and write it down.
  3. Transfer the cryptocurrencies from the device into the new device
  4. Wipe the original device and generate a new seed
Note: If you lost all of your devices and all records of your seed, you will not be able to gain access to your accounts. Remember to only send coins to addresses generated for the particular coin type.

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Staying on top of the security best practices

Choose a unique and strong PIN

Just like your phone and/or credit card, the PIN can shield you from unauthorized physical access. Make sure to keep this code memorable, but complex enough to make it difficult to guess. We recommend using a PIN of 4-6 digits. Avoid using direct sequence numbers (ex. 1234) or duplicating digits (ex. 1122) as well as your birthday date etc.

Keep your recovery seed safe

Your recovery seed is the ultimate express-pass to your funds. Even though it is useful in emergency situations, it can also be dangerous if it is stolen, lost or destroyed. This is why it is absolutely crucial to keep the seed in a location that is safe and easy to remember. Once you find such a location, make sure you write your recovery seed on a piece of paper or other durable surface with a lasting marker. Do not make any digital copies of your recovery seed - and never store it on your computer.

A few words about passphrase protection

IF you enable the passphrase protection in Wallet Advanced Settings, you can hide your accounts by “building” an additional layer onto your seed. Unlike a PIN, this passphrase is not stored on the device itself - and your wallet becomes dependent on it. Once you enable this feature, Trezor will ask you to enter your passphrase which will be combined with your seed (12-word seed to backup your Trezor) which is when a new unique account will be created. While a PIN provides great protection, a passphrase is definitely the ultimate safeguard for your seed.

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Password Manager

Set up The Trezor Password Manager works with Chrome and the platform on your macOS, Windows, and Linux. Follow these steps for a quick set up:
  1. Install the Trezor Password Manager Chrome Extension
Add the Trezor PM extension into your browser and click on the icon in the top right corner of the browser.
  1. Sign in With Google Drive
Click on the Sign-in button for Google Drive and log in with your account. If you don’t have an account, create one for free.
  1. Connect The Device and Enter Your PIN
  2. Enable Password Manager
Tags The tags in this feature are used to filter and find the passwords easily. Add and remove tags according to your needs and you can see the tags on your left side. To create a new tag:
  • Click on the [add tag] button
  • Write the name
  • Switch between the list of icons
  • Click [save]
If you want to choose an existing tag, click on the name and edit or remove it by navigating between the three dots on the right.
  1. Add a password entry
To add a new password click on the [add entry] button. Enter the Login URL of the service and keep the same as the URL or rename if needed. Then, enter your username and password and select a tag from the list below. Trezor Password Manager in Action Click on the entry name and a new tab with the user credentials will open. You will have to confirm this action on your device. Copy the username into the clipboard and confirm the action on your device. To edit an entry, click on [edit] and also confirm the action. Keyboard shortcuts
  • CTRL + Shift + L opens the Trezor PM extension in a new tab.
  • CTRL + Shift + U enters the username and password in the login form of a website
  • NoteMac users use the CMD key.
Always have your Trezor connected or the feature will not work. The little green square in the corner of the extension icon will show you that the device is connected and that your credentials are stored for the open website. Enabling and disabling To enable and disable your Password Manager simply open the Chrome browser and at the top right, click on the customize and control Google Chrome. Choose the More tools and extensions feature. Find the trezor password manager and click on the toggle button to enable or disable. Export and Import Passwords Warning: The exported CSV file will be in the plain text and not encrypted so be careful with your passwords. Starting the Password Manager version 0.6.3 version, the users can export or import the password from the third-party password manager services. In order to export and import passwords, click on the account in the right top corner and choose import or export. During export, it is possible to export only selected passwords.

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Trezor With Android

With the release of the Trezor manager application for Android, there is an alternative method of customizing and setting up and recovering your Trezor device without a computer. It will work on all android devices that have a USB host. You will also need an OTG cable to connect the Trezor to your phone or tablet. The app can only be used to start the device, recover and set up the PIN. You can download the trezor manager app from Google Play. Trezor Wallet with WebUSB Connect to your Trezor Wallet directly using the WEBUSB. Just plug in the Trezor device to your android phone and open Google Chrome and visit beta-wallet.trezor.io. Note: Connecting via the WebUSB on an Android phone is available for Trezor Model T and for Trezor ONE. Trezor Beta Wallet The Beta Wallet is less-tested and the new features are released here first before they are issued in a reliable production wallet. This serves as a public feature-testing platform for the Trezor community and provides power users with quick access to new features.
  1. connect your device and visit Google Chrome.
  2. Select the Menu button in the top left corner and switch cryptocurrencies and accounts.
Trezor setup For Password Manager Download and install the application from the Google Play store. Open the app and plug-in your Trezor with an OTG cable. You will be able to gain USB access instantly. If your trezor is new, the app will start the setup process. Setting up a PIN The PIN follows Trezor security standards so the position of the numbers on the PIN pad is random. Enter the PIN by using the touchscreen of your device. Setting up the recovery seed After you set your PIN, write the recovery seed and make sure to write down all of the words and store them in a secure place. The recovery seed is your master key. If you lose the access it will be impossible to recover the funds. Seed Recovery The android app supports the recovery of the Trezor device. The process is very simple as the app will guide you along the way. Follow each step carefully and have your recovery seed ready. Wipe and update firmware It is easy to wipe an initialized device with the Trezor Manager. The option is available on the home screen. Updating the firmware is the same on a desktop computer. Just swipe your finger across the Trezor touchscreen and plug a USB cable when your finger is halfway through. Once you enter the bootloader mode, confirm the connection on your device. Trezor with third-party services Using an Android mobile device, you can choose a third-party service such as Sentinel, Walleth, and Mycelium.

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Mastering the basic Trezor Wallet operations

Switching Between Cryptocurrencies Trezor supports more than 500 tokens and coins. You can select the corresponding cryptocurrency or coin from the drop-down menu in the upper left part of the Trezor Wallet interface. Some coins or tokens are only accessible through a third-party interface. The page trezor.io/coins has more details about the supported cryptocurrencies.  
Receiving Payments If you want to receive a payment, make sure to select an account and click on the Receive tab. The receiving address should be verified on your Trezor device by clicking on the Show Full Address button.  After you verify it, copy the receiving address and share it to receive your funds. Tip: We suggest you to generate a new address for each receiving transaction. This way, you will maintain your privacy.  
Making Payments If you want to make a payment, select an account and visit the Send tab. Now, paste the recipient’s address and enter the amount. Optionally, you can also change the transaction priority by adjusting the transaction fee. Warning: Never send or receive transactions to addresses generated for a different cryptocurrency (ex. Using a Bitcoin Cash to a Bitcoin address). Personalizing Your Homescreen Aside from your unique Trezor device name, a custom home screen can also be a feature which can protect you against physical attacks. You can create a custom home screen and see if the device is yours or a forged copy. To personalize your homescreen, make sure to select your device in the Wallet Interface and navigate to the Homescreen tab, where you can choose from a variety of pre loaded images or choose to upload your own.

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Ledger Nano Wallet Guide

Getting To Know Ledger

Getting to know Ledger is quite simple and easy. Ledger Nano is an offline, cold-storage, hardware wallet for storing your Bitcoin, Ethereum and many other supported altcoins. This is the simplest way to explain the Ledger Nano wallet with a slight addition of the company claiming that the wallet is unhackable. This was the main reason why they were shipping unsealed packages and got a lot of popularity over the years. Ledger is a hardware wallet and can be controlled with only two buttons. Navigating the menu is extremely easy and can be done with the left or right button. You can select a menu item by holding both of the buttons as simple as that. The wallet has a built-up huge list of supported coins that can easily and safely be stored on it and the company often updates the list for which you will get a notification. The main point of security is the ability to store private keys offline. Of course, this was also the goal of the cold-storage hardware wallet Ledger Nano S. This hardware wallet supports many currencies including the most popular ones such as ethereum, bitcoin, and litecoin. You can create a few addresses for each currency. While getting to know Ledger, you will see it’s fairly easy to use, all you need to do is confirm a transaction and hit a real button. Ledger Nano is one of the most popular and trustworthy hardware wallets. You can also use apps to connect them with your wallet and backup your data to other devices. This is believed to the best hardware wallet in the crypto community mainly because the users prefer hardware devices that guarantee their safety of storing funds. Ledger is also popular because it is accessible and affordable for most of the users.

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Setting Up The Device

The first thing you will have to do when setting up your Ledger Nano device after unboxing is to check if you have received all of the accessories that should come with the device. The entire process is extremely simple and It will take less than 30 minutes and you will be able to use the Ledger Nano device right away. Make sure to hold the device in your hands at first and get used to the hardware design since it usually looks like a simple flash drive. Once you have done that, simply plug in the device in the desktop or laptop using a USB cable and make sure to follow and read thoroughly the instructions displayed on the screen with the help of the instruction paper that will be sent in the box as a first step of setting up the device. You will be initializing your device with a seed and this could be the most important step of the entire process. This seed is everything you need and makes sure not to lose it. You will have to protect it extremely well because using this seed anyone can steal the coins that are in your wallet. This is also known as a recovery phrase for which we will be discussing more in the guide. Always store your recovery phrase on an offline sheet or write it down in a piece of paper. Once you have done that, the hardest part of the job is done and all you will have to do now are a few more easy steps before making your Ledger device ready to use which is installing the apps. This is the second most important thing while setting up the device so make sure to follow the instructions provided in the paper and on the device screen itself.

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Home Screen Set Up

The Home screen set up for this wallet is also simple since it only has two buttons which are hardly confusing. Ledger’s home screen consists of four main elements. You can see in the left panel that there’s a menu button and accounts button and in the top bar you will find buttons for application controls and then you can see the main viewer. You can use the menu to go to different main sections such as the portfolio section where you can get a summary of all of your accounts. Here you can also find the send button and send assets at any time. Right after it is the receive button that allows you to receive crypto assets at any time and also the manager button to manage your entire device. The exchange button will allow you to discover some selected exchange services. The accounts section shows all the names and balances of the accounts in the portfolio and you should click on an account to open it in the main viewer and also you can click on the icon to add accounts. The top bar has the application controls such as the network status that shows the synchronization with the blockchain network of the crypto assets, a settings button, and a password lock button. Make sure that the Ledger device was not preconfigured with a PIN code that you didn’t choose since the device should display a Welcome and press both buttons sign to begin when you turn it on the for the first time. Ledger never provides a PIN code so make sure to always create your pin yourself. If a PIN code is given to you once you start the device, it’s not safe for you to use the device. Always contact the support center for assistance.

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Hardware Wallet Features

While both the software and paper wallets provide some strengths and weaknesses in terms of security, the hardware wallets features such as Ledger offers, often use back up contingencies and portability as well as high security which is why the crypto community prefers the hardware ones. Ledger is one of the first manufacturers of hardware wallets for cryptocurrency that enables streamlined management of digital assets through each and every one of the products. These devices are the basis in the industry for their reliability and ease of use, though a number of lesser-known features, security benefits, and other users should also be considered. Each device can generate single addresses based on the passphrase or seed. For Ethereum, for example, there’s an array of 5 distinct addresses that are available. The additional crypto wallets are easily accessible through other Ethereum (ETH) services and especially for MyCrypto or MyEtherWallet as one of the most popular options. While sending to any of these places is possible that at a given time, sending a transaction from or determining the pubic keys, will require unlocking your device and connecting to other addresses which could be risky and time-consuming. Another one of the hardware wallet features of Ledger is the ability to create more hidden sets of wallets. These hidden wallets get designed to protect some of the most of the assets on the device if it happens that one users’ PIN number, 24-word recovery phrase, or physical security get compromised. These hidden wallets get created on top of the existing 24-word recovery phrase with the use of the additional 25th-word passphrase which adds another level of security. This is done in order to create a second unique seed that will generate another unique set of addresses and the seed will be attached to another PIN for faster access into your device. passphrase

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Initializing Your Ledger Device

To start initializing the device, your Ledger wallet will generate new private keys to securely manage the assets. You should restore a configuration to recover the private keys that are associated with the existing recovery phrase. Before you start, make sure that your device has the latest firmware installed and verify your computer. Use an adapter for USB-C ports and check for internet connection with Google Chrome, Chromium. Start the initialization by connecting the Ledger wallet to your computer using the supplied USB cable and follow the instructions on the screen. Press both of the buttons at the same time to proceed. Press the right button above the validation icon. To continue with the initializing process, you should have to choose a PIN code and the newer versions usually require a PIN between 4 and 8 digits long. To set your PIN 1, press both of the buttons when choosing it and press the right or left to choose the first digit of the PIN and press both of the buttons to select it. Repeat the process until all of the digits of the PIN are selected and then press the check icon. hardware wallet features Save your recovery phrase (24-word long) which will be displayed word by word on the screen of the device. The recovery phase will be only be displayed once. Make sure to write down the phrase in the correct consecutive order. Press the right button to move to the second word and continue to do so until you copied them correctly. Confirm the recovery phrase by validating each word by pressing both of the buttons. The hidden wallets get created on top of the existing 24-word recovery phrase with the use of the additional 25th-word passphrase. This is done in order to create a second unique seed that will generate another unique set of addresses and the seed will be attached to another PIN for faster access.

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Receive Payments

The entire receive payments process can get a little confusing since there are addresses that you need to copy and use and make sure not to make a mistake when entering the addresses. This process is extremely important since you will get the coins you want in the wallet. Make sure to follow the given instructions in the box and of course, read this crypto wallet guide to learn faster and correct. To receive the assets to your wallet cannot be done if you haven’t initialized your device. If you already have initialized it, then you should first find your Bitcoin address that is required to receive a payment. To find the bitcoin address, connect your Ledger device and power it on. After that, you should enter your PIN-code and immediately launch your Bitcoin Chrome application on your computer or you can also use a mobile phone app. Next, click on ‘’receive’’ on your Chrome app when the popup opens and copy the ''Bitcoin'' address that will be displayed on the screen. Always keep in mind that every time you want to receive a payment, the Ledger wallet generates a new address thanks to the Hierarchical Deterministic Support that makes this wallet extremely secure. Each new address generated by your wallet is forever yours and you can use them a few times or just ones as you wish so it won’t cause any problems even if sometimes it is safer to use each address only once. Paste this address to where you are supposed to. While receiving payments, your Ledger device can be get disconnected as your transactions are getting tracked on the Blockchain. These transactions will be synchronized on your wallet once you open it. Every step of the transaction will be saved on the blockchain. The Ledger phone app will also show you the results.  

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Transferring Assets

Transferring assets from an exchange or another wallet is always fundamentally the same. You should transmit a ‘’send’’ transaction with a target wallet and address and wait for further confirmation. The transfer times and fees, however, depending on the currency that you will be transferring. Once you have your device set up, click on the [receive button] and choose the particular digital currency that you want to receive. Because of the fact that most of the digital currencies need their own app in order for them to work on Ledger, you will have to connect your Ledger device to your computer system and then open the application of the currency that you will want to receive, verify the address that will be shown on your ledger device and confirm if it matches with what you already have in the application, then copy the address. The next thing to do is to log in onto your account where your assets are for example to Coinbase, and navigate to ‘’Accounts.’’ Then select the digital currency you want to transfer our and paste the address that you copied from your wallet, enter the amount of sending and click on continue.  Confirm the action.  Choose which of the cryptocurrencies you will want to transfer whether that be Bitcoin or XRP. All you need is to connect your Ledger device to your computer device, click on the [Receive button] and select the desired digital currency and copy the address that will be made available. Check the withdrawal fees using the mempool and choose the amount that works for you the best, input the password to send and 2FA if you have it activated and expect your coins to be in your device. This way the process of transferring should be done. Always keep in mind that every time you want to receive a payment, the Ledger wallet generates a new address thanks to the Hierarchical Deterministic Support. Each new address generated by your wallet is forever yours and you can use them a few times or just ones as you wish so it won’t cause any problems even if sometimes it is safer to use each address only once.

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Transaction Details

Before you start sending or receiving crypto assets, keep in mind that crypto-assets you that you can manage on your device, can be targeted by malicious actors. You should optimize your asset security by transacting with caution which is why it is important to verify the transaction details. Let’s assume that your computer is compromised and that an address popping out on the screen cannot be trusted. This is why you should always send a small amount first and then verify that the transaction was properly received by the recipient before proceeding to send bigger amounts. Always use secondary communication methods when obtaining a recipient address or QR code and double-check the deposit address through SMS, email or messaging app. Check the recipient’s address after you copy and paste since the malware on your computer can replace the address. Verify again that the recipient address, fees and amount is correct and they are the same for both for the device and computer. Verify each address that is used to receive the transactions that belong to you and display it on your hardware wallet. The addresses shown in the Ledger walled could get manipulated if your computer is compromised. The transaction details includes the block confirmation and the minimum number of confirmations varies between crypto-assets since each blockchain has its own block time. Ledger sets the block time at 30 minutes. You could end up with a pending transaction that hasn’t received any confirmation yet so if a transaction included lower network fees if can remain pending for a long time. Once a transaction had its confirmation, the status will switch to confirmed and will remain until the required number of confirmations is reached. After reaching the number, the status will switch again to being finally confirmed. This way you will have all of the needed information.

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Restoring The Device

Restoring a device means that you will initialize the device to be the exact one of another wallet. This means that you will have an exact copy of everything in it. This copy is extremely useful to provide you with some redundancy. If you still have the existing Ledger Nano S and for example, you want to initialize another backup, you will have two identical setups. You will be able to use either device to manage your funds and they are both pointing to the same data so it doesn’t mean that you will be doubling your data. When setting up the device, you will choose the option ‘’restore the configuration.’’ Choosing a PIN is mandatory and make sure to remember it or write it somewhere because you will need it again in the future. Once you finish this step, you will have to enter the original recovery phrase in order to be able to restore the wallet. You will also have to choose how many words are there in your original phrase.   From there, you will have to type each of the words in the recovery phrase again and this could be a little time consuming but once you start it,  you have to finish the entire process until the end. Then you will have to use the left and right hardware buttons to scroll over the letter to type the recovery words and you will have to do it for all of the recovery words which is 24 in the case of a Ledger Nano S backup. If you enter everything as you should, a success screen will pop up which means you have successfully restored the device. The recovery process can be a little bit time-consuming. However, the idea is to protect the funds as hard as they can. The restoring phase will not be as hard if you follow the guide.

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Update Of The Firmware

The update of the firmware will bring you security and user experience improvements to your device. Before you start, update your device through the notification banner or download the latest version. The mobile app does not support the firmware updates and all Linux users will have to add new UDEV rules before the update. The firmware versions 1.1 and 1.2 cannot be updated with Ledger Live so make sure you check the firmware version before you start requesting to replace a device. Start the device and open the [manager button]. Click it and connect and unlock your device. Check the firmware version that is currently installed on your device. The apps on your device will be uninstalled automatically if your firmware is updated to 1.5.5 but don’t worry, your assets won’t be affected. If you have version 1.4.2 or 1.3.1 uninstall all of the apps that are installed on your device including the Bitcoin or ethereum apps but do them last. Only the settings should remain on the dashboard. Of course, this will also not affect your crypto assets and you can reinstall the apps later. The version 1.4.1 will be upgraded to 1.4.2 and you can then upgrade it to 1.6.0. Start the upgrade by clicking on the [firmware update button]. If you don’t see the button, try again later. Make sure you carefully read the instructions that will pop up on the window. If your recovery phrase is written down and is easily accessible, tick the checkbox and click [continue]. The entire process doesn’t require the recovery phrase but has it besides you as a precaution. When updating from 1.5.5 the next screen will inform you that the apps will be automatically installed before clicking Continue. Your device will give you the information of the firmware and the version number in a loop. Press the right button to start the update, enter the PIN to confirm and your device will restart. Disconnect the USB cable when the device will show your Update or Follow device update instructions. The update will continue automatically.

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Insufficient Device Storage

When you see the message insufficient device storage appearing when you try to install an app or firmware update, it usually means that you have to uninstall a few apps that you don’t need. Uninstalling the apps does not affect your crypto assets. In order to uninstall the apps, you should open the [manager button] in the Ledger Live application. Next, you should check on the screen of your ledger NANO which apps are already installed. Pick the ones you don’t need to uninstall because of the insufficient storage. Find the apps that you want to uninstall in the App catalog and click the [trash button] for each app to uninstall. Then, install the apps that you will want to use. Ledger wallets usually store the private keys securely by giving access to your crypto assets. each app on the device will allow you to manage a crypto asset so in order to manage Bitcoin, you will need a Bitcoin app. Your device has limited storage so you will have to safely uninstall and install apps in a few seconds without losing access to your crypto assets. the private keys stay safe on the device and on your Recovery sheet. Your assets are not stored in the apps so when you delete it they will be safely stored on the blockchain. There are two different types of apps including the Stand-alone apps which are larger in size and the dependent apps which are based on a stand-alone app and are therefore smaller in size so you can install many of them at the same time, stacking them. both kinds of apps have to be installed in the right order. You can also make some app combinations. You can install Bitcoin dependent apps such as Bitcoin Cash, Bitcoin Gold, Dash, Komodo, Stratis, Peercoin, Digibyte, Stealthcoin, Zcoin, Viacoin, Vertcoin and more.  

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Factory Reset

Making a Factory Reset of the Ledger hardware wallet to factory settings means that you will remove all private keys, applications, and settings from your device. You can reset to set it up as a new device or restore another recovery phrase in order to transfer the device to someone else. If you do a factory reset your device without having your Recovery sheet, the private keys that will provide access to your crypto assets will get deleted and you will forever lose access to your crypto assets. The device can either be reset from the settings menu or by simply entering three incorrect PIN codes when you unlock the device. Please choose one option from the multiple given when you start this phase. You can reset the device from device settings. The first thing you need to do is to unlock the Ledger device by entering your PIN code. Then, go to the [settings button] on the dashboard and press both of the buttons to validate your choice. Choose the [security button] and press both of the hardware buttons to validate. Choose reset next and press again both of the buttons. Read the warning carefully by pressing the [right button] and continue. Then, press both of the buttons to Reset all. Enter your PIN-code to confirm so your device will be then reset. You can also reset from the PIN code by simply connecting the USB cable to your Ledger device to turn it on. Enter three incorrect PIN codes three times in a row and the device will reset after the third incorrect attempt as a security precaution. After resetting the device to factory settings, you can choose to set it up as a new device and create new private keys or write down a new recovery phrase. Restore your device from a recovery phrase and restore the private keys that you had associated with the existing recovery phrase.

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Lost Device, PIN Code Or Recovery Phrase

If you cannot access your device, you lost your device,  you forgot your PIN code or you somehow lost your recovery phrase, you have to immediately follow these steps that will be explained in this article to prevent losing your crypto assets. Make sure that your recovery phrase stays securely stored and you can protect your confidential PIN code and 24-word recovery phrase to guarantee the maximum level of security by your Ledger device. In case of theft, destruction or loss of the device, make sure to restore your recovery phrase on any hardware or software wallet that supports 24-word recovery phrases. You will need the recovery sheet on which you have already saved your recovery phrase during the setup process. If you have typed in your PIN three times incorrectly, Ledger wallets will reset to factory settings and will erase the private keys from the secure storage. After the reset, you can restore the device from your recovery phrase and choose a new PIN code during the restoration phase. Your recovery sheet is a full backup of the private keys that will grant you access to your private keys, which means that you will have to store them in a secure location. Anyone that has access to your Recovery sheet can take your crypto assets without even the need for the PIN code of the device. However, if you do lose the recovery key, immediately send all of the crypto assets to temporary accounts such as an exchange or other hardware wallets. Enter three wrong PIN codes and restore your wallet. Set up Ledger as a new device and transfer back the crypto assets to your configured device.

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