How to store bitcoin on the Ledger Nano S
(Last update: 10.02.2021)Buy Bitcoin & Cryptocurrencies here >>
After the purchase of bitcoins and other cryptocurrencies has been completed (here you can find out how to buy), these are stored on the online wallet of the provider.
However, using an online wallet involves a great risk - in case of closure of an exchange or hacking attacks all bitcoins and other cryptocurrencies can get lost permanently. In order to avoid this, you should secure your cryptocurrencies using offline hardware wallets (also called "cold wallets" or "cold storage"), as they are not exposed to external influences.
- Download LEDGER LIVE Software
- Set up LEDGER NANO S
- First usage of the LEDGER NANO S
- Using your LEDGER NANO S
- Install BITCOIN WALLET
- Set up accounts
- Store BITCOINS from BITPANDA on the LEDGER NANO S
Important: Never buy a used wallet, because you have to assign a PIN and security words yourself.With a used wallet this is not possible - the previous owner would have access to your wallet.
Used wallets are not safe!
This page is an information page. The author of these pages makes every effort to keep the documentation up to date. However, due to ongoing software updates from platform providers and device manufacturers, up-to-dateness cannot be guaranteed.
Therefore, no liability is assumed for errors or losses of any kind. The use of this information is at your own risk.