1. Keep Your Ledger Device Safe
Your Ledger hardware wallet is the key to securing your cryptocurrencies. Always store it in a safe location, away from direct sunlight, heat, or moisture. Consider using a secure safe at home or a safety deposit box for maximum protection.
2. Use a Strong PIN Code
Choose a PIN code that is unique and difficult to guess. Avoid sequential numbers or repeated digits. Remember, the PIN protects your device from unauthorized access in case it is lost or stolen.
3. Backup Your Recovery Phrase
Ledger devices generate a 24-word recovery phrase when you first set up your wallet. Write it down on the provided card and store it securely. Never store it digitally or share it online. This phrase is the only way to recover your funds if your device is lost.
4. Beware of Phishing Attempts
Phishing scams are common in the crypto space. Never click on links from unknown sources or emails claiming to be Ledger. Always access Ledger Live through the official website or app. Ledger will never ask for your recovery phrase online.
5. Keep Ledger Live Updated
Ledger frequently releases updates to improve security and add new features. Always use the latest version of Ledger Live to protect against vulnerabilities. Enable automatic update notifications if available.
6. Use a Secure Computer
Connect your Ledger device only to trusted computers. Ensure your computer has updated antivirus software and a secure firewall. Avoid using public or shared devices to access Ledger Live.
7. Enable Passphrase Feature
Ledger devices allow you to add an optional passphrase for an extra layer of security. This passphrase acts as a 25th word and protects your funds even if someone knows your 24-word recovery phrase. Use a strong, unique passphrase that only you know.
8. Verify Transactions Carefully
Always double-check transaction details on your Ledger device before confirming. Make sure the recipient address, amount, and currency match your intentions. This prevents malware or scams from altering your transaction.
9. Avoid Third-Party Apps from Unknown Sources
Only use apps and integrations that are officially supported by Ledger. Installing third-party apps from unknown sources can expose your device to malware and compromise your crypto assets.
10. Regularly Review Account Activity
Monitor your accounts frequently in Ledger Live. Check for any unauthorized transactions and report any suspicious activity immediately. Regular reviews help you stay in control and catch issues early.
11. Educate Yourself on Crypto Security
Knowledge is your best defense. Stay updated with security best practices, common scams, and Ledger Live features. Follow official Ledger tutorials and community guides to strengthen your security awareness.
12. Use Multi-Factor Authentication (MFA) Where Possible
For accounts linked to your Ledger or cryptocurrency exchanges, always enable multi-factor authentication. MFA adds an extra layer of security, making it harder for attackers to gain access even if they obtain your password.
13. Secure Your Email
Your email is often a target for attackers. Use strong, unique passwords and enable two-factor authentication. Avoid linking your email to suspicious sites and regularly review security alerts.
14. Never Share Your Recovery Phrase
This cannot be emphasized enough. Ledger or any official service will never ask for your recovery phrase. Sharing it under any circumstance will result in immediate loss of funds. Treat it like your most valuable asset.
15. Keep Firmware Up-to-Date
Ledger devices require firmware updates to maintain security. Always follow Ledger's official instructions when updating the device. Avoid using unofficial sources, as this may compromise your wallet.
16. Plan for Disaster Recovery
Consider storing backup devices in separate secure locations. Plan for scenarios like theft, fire, or device malfunction. Proper planning ensures your crypto remains safe under unexpected circumstances.
17. Stay Alert to Social Engineering
Attackers may try to manipulate you into revealing private information. Always question unusual requests, double-check identities, and never let anyone pressure you into bypassing security steps.
18. Use Separate Wallets for Different Purposes
Consider creating multiple Ledger accounts or wallets for varying purposes. Keep smaller amounts in wallets for daily use and larger sums in highly secure accounts. This minimizes risk and keeps your holdings organized.
19. Test Recovery Procedures
Occasionally verify your recovery phrase on a separate device (not connected to the internet) to ensure it works. Knowing you can recover your funds gives peace of mind and confirms your backups are intact.
20. Maintain Ongoing Vigilance
Security is not a one-time action. Continuously monitor, update, and improve your practices. The cryptocurrency landscape evolves rapidly, and staying vigilant is key to protecting your assets for years to come.