All of your cryptoassets are actually stored on the blockchain and not on a hardware or software wallet.This recovery phrase, also called a “word seed” is a representation of a “Master key” that is used to access and own all of your cryptoassets. The Ledger device will generate a 24 word recovery phrase that you will copy on paper in its entirety. The Ledger Nano S screen will show: “Write down your recovery phrase.” This is the most important step.The icon is a white circle with two blue curved lines. The installation should not take more than a few minutes and when it is completed, you should see the Ledger Live icon on your desktop.
Open the application and install it on your computer.Click on “Download" and choose whether you want the Desktop or Mobile app.Ledger Live is only the interface that lets you send and receive transactions, setup accounts and view your balances on a Ledger wallet. If you do not yet own any cryptocurrency or cryptoassets, you can purchase them on popular, safe, and easy to use exchanges such as Coinbase or Gemini. Your private key, which is used to retrieve all of your cryptoassets from the blockchain, still will be stored safely offline in the Ledger Nano S. Ledger Live is the official desktop application from Ledger that acts as an interface with the Ledger Nano S hardware wallet.
This guide provides complete step by step instructions on how to setup a new Ledger Nano S hardware wallet, using the Ledger Live application. If you do not already own one, you can purchase a Ledger Nano S here. Note: Likewise above, you can check all the ledgers.With over 1 million units sold worldwide, the Ledger Nano S is the most popular hardware wallet. The device is praised for its security and its support for a wide variety of coins.
Now, you will have lot of questions in respect of ledger like the period of ledger, monthly or daily details, detailed ledger or condensed etc.Now, the screen will be seen as under:.So select ‘Gift House’ with the help of mouse or arrow keys, the way which suits you. Now, you want to see the details of M/s Gift House.Now, you will find that all ledgers starting with ‘G’ are highlighted. In such a long list you have to select ‘Gift House’. After you select Ledger, a screen will appear showing the name of all ledgers.Select ‘Display’ under gateway of tally.In our case, we shall select M/s XYZ Limited. We shall check the ledger of M/s Gift House as under:. How shall you check the ledger of M/s Gift House? Illustration:- In the books of M/s XYZ Limited you have been asked to check the ledger of M/s Gift House.