How to set up your Ledger wallet and securely transfer NFT to it11 min read

If you’re concerned about your crypto security when using a wallet with software like Metamask, chances are you’ve had some discussion about hardware wallets (cold storage wallets).

Moving your digital assets to a hardware wallet is the most effortless way to guarantee that your non-fungible tokens and cryptocurrencies are safe from hackers. Although sending tokens may seem daunting, it is very simple and only takes a few minutes to set up.

What you need to set up your Ledger wallet

Preparing your cold wallet is easy but requires a few things. For this example, I will configure my Ledger Nano X hardware wallet and connect it to my Metamask software wallet.

Here are the things you need to set up your Ledger wallet:

  • 1 Hardware wallet (Ledger Nano S, Nano X, etc.)
  • One USB connector (you need to connect Ledger with Metamask via USB) NOTE: If your computer does not have a USB port, you will need an adapter.
  • 1 Metamask Account (Download Metamask extension and mobile app from Metamask official website).
  • One LedgerLive app (download desktop and mobile versions from Ledger.com)
  • Last but not least, you will need ETH in your Metamask wallet to pay for the transaction fees associated with transferring NFT to the blockchain.

Once you have all the necessary items, you can set up your hardware wallet.

Configuring your Hardware Ledger wallet

Setting up your hardware wallet and creating an account is very simple and can be completed in just a few steps.

1. Turn on your Ledger wallet.

2. Choose to set up a new device: create a PIN and save your passphrase.

3. Create a personal account to manage all your crypto assets.

4. Go to Admin on Ledger Live to download your favorite blockchain apps.

If you want to download more cryptocurrency apps, you can. 

Step 1. Turn on your Ledger wallet.

Put on ledger wallet

To start the Ledger Nano X, press and hold the left and right buttons. Once started, the device will present basic information about the Ledger Live functionality and application. Navigating a Ledger wallet is very simple, so it shouldn’t take long to master the controls.

Step 2. Set up a new device: choose a PIN code and save your passphrase.

ledger wallet pin and passcode

After reading everything, you will be asked to create a new device. To confirm device settings, press both buttons at the same time. You will be asked to create your PIN as well as register and verify your password. Be sure to check your passphrase and verify that all words match the phrase displayed in your wallet before proceeding beyond this point.

Then open the Ledger Live app. You will be presented with a screen that offers several options since you’ve already set up your PIN and documented your password; select Skip device setup.

You are now ready to select the device you are configuring. In this case, we’ve chosen Ledger Nano X. Once you’ve decided on the device you’re using, you’ll go through a short security checklist. Here you will confirm that you have created the PIN and successfully saved the passphrase.

At this point, you will connect your hardware wallet to your computer to verify that you are using a genuine LED device. Once you have connected your wallet to your computer, choose Verify now. You will need to activate Ledger Manager on your hardware wallet. To enable this, go to your device and select Allow Manager Ledger. If your device is original, Ledger Live will give out a notification that your device is genuine.

Having completed the security checklist, you will be asked if you want to create a password for Ledger Live. Creating a password is optional, but I recommend choosing to create a strong password. 

Lastly, you will need to confirm that you want to allow Ledger to collect analytics and bug reports. This will allow Ledger to improve the user experience and fix any errors. Please note that this is optional. 

Note: Be sure to keep your password written down and stored in a safe place. Each Ledger wallet comes with several handy recovery expression sheets. Remember, NEVER share your passphrase with anyone. Your passphrase allows full access and control over your cryptocurrency wallet.

Step 3: Create an account to manage all your crypto assets.

ledger wallet account

Now that you have successfully configured your Ledger hardware wallet, you need to create an account before downloading any application that allows you to earn your chosen cryptocurrency and transfer your beloved non-fungal tokens to your wallet.

Open Ledger Live and go to your wallet after accepting the terms of service. Select Add account to create your Ledger Wallet profile. Once you create your profile, you can download your favorite blockchain application.

Step 4: Go to Admin on Ledger Live to download your favorite blockchain apps.

Admin

Alright, now you are ready to download your favorite blockchain apps. For instance, I downloaded the Ethereum app to transfer my non-fungible ERC20 chips from Metamask to Ledger Nano X.

Before installing a new application on the Ledger Wallet, ensure that the firmware is updated. You can check the current firmware in the Admin tab of Ledger Live. Also, make sure that you always use the latest version of the real-time log. If an update is available, it will be posted on the portfolio page. All you have to do is select Update. If you want to see the current version of Ledger Live and your details, go to settings > about > version > details.

After verifying that your device and Ledger Live are running the latest version, go to Manager in Ledger Live to see the App Catalog. Here you will find all the compatible applications with your Ledger device. You can also view all the apps you have already downloaded by choosing the Installed apps tab.

Find the blockchain app you want to install and click Install. You can install multiple apps at once if you want. Once the app is on your Ledger hardware wallet, you will see it on your device.

You can now securely transfer NFTs to your Ledger hardware wallet. Let’s do it!

Transferring NFT to your Hardware Ledger wallet

There are numerous reasons why you might want to transfer your NFTs to a hardware wallet like Ledger Nano X. In my experience, the main reason someone wants to store their non-fungible tokens in a hardware wallet is for security. This does not mean that a hardware wallet is the only option for storing NFTs.

There are many ways to archive NFTs. However, in the end, there is only one course of action to securely archive NFTs. 

To transfer your NFTs to Ledger Wallet, follow these four steps:

1. Connect your Ledger to Ledger Live.

2. Navigate to the Receive tab in Ledger Live.

3. Confirm and copy the Ledger wallet public address.

4. Send the desired NFTs to your Ledger wallet.

Seriously, it’s that easy. But don’t worry if you’re still a bit confused, I’ll explain everything anyway.

Step 1: Connect your Ledger to Ledger Live.

Connect to ledger live

Connect your Ledger to Ledger Live. Once logged in, confirm that your device and Ledger Live are up to date.

After checking for updates, navigate to the Receive tab in the Ledger Live menu.

Step 2: Go to the Receive tab in Ledger Live.

receive tab

After clicking Receive, you will need to select the account to which you want to send NFT. After verifying the correct account, navigate to your wallet address.

Step 3: Confirm and copy the Ledger wallet public address.

ledger wallet public address

The address listed here is your public address. This address is stored on a blockchain and will receive cryptocurrencies and NFTs in your hardware wallet.

You will need to confirm that the address displayed on Ledger Live is the address displayed on your Ledger device. If the two addresses match, confirm on the device. You are now ready to send your NFT to your super-secure hardware wallet!

Step 4: Send the desired NFTs to your account’s wallet address.

NFTs

Depending on where your Non-fungible tokens are stored, you will need to access the specific symbol you are trying to send. You can send NFTs from software wallets, such as Metamask, or anyone you use and even from marketplaces such as Opensea and Rarible, where your tokens are accessible.

If you don’t know how to transfer an NFT to another wallet address, we have created a step-by-step guide for your convenience.

Note: You must pay all associated blockchain transaction fees when transferring NFT to your hardware wallet. For this, you will need to have enough money in your wallet to send the token. Generally, you will not need coins in the receiving wallet if no transactions are implemented in the receiving wallet.

Connecting your Ledger wallet to Metamask.

Ledger and Metamask

Connecting your hardware wallet to a software wallet lets you easily view digital and recent assets. So how do you connect your hardware wallet to your software wallet like Metamask?

  1. Make sure the wallet is connected to your computer via USB.
  2. Click on the circle logo to the right of the Metamask mainnet drop-down menu to open your accounts.
Connect a hardwallet
  1. Select Connect hardware wallet.
Connected
  1. Choose the hardware wallet device and choose the address you want to connect to Metamask.

After connecting your hardware wallet to Metamask, you can securely purchase NFTs using your hardware wallet. When you purchase NFT(s) through Metamask using your hardware wallet, you don’t have to worry about transferring Metamask tokens to your hardware wallet.

Also, just because your NFTs don’t appear in your Metamask hardware wallet account doesn’t mean you don’t own any of your digital assets. Your assets are stored in the blockchain, not in the wallet itself. Your wallet simply stores your PIN and passphrase, allowing you to verify your blockchain address. If you want to view your NFT collection, I recommend using OpenSea or Rainbow.

 Viewing my NFT collection on OpenSea

In general, setting up your hardware wallet might seem like a daunting task, but it’s quite simple. Storing NFTs on a hardware wallet like Ledger is one of the safest ways to store your non-fungible tokens. If you have concerns about the security of your digital assets, there is no excuse not to have your hardware wallet and keep all NFTs in a place where security is a priority.

Setting up a hardware wallet is as simple as creating your PIN, saving your password, and downloading the blockchain app that’s right for you.

Also, connecting your hardware wallet to Metamask is a safe and convenient way to trade on the blockchain without fear of hackers stealing any of your hard-earned assets.

It’s up to you. But why is it so easy to take the risk of creating your hardware wallet?