Practical crypto management — essentials

This Crypto Management guide gathers core practices you can follow right away. Use manufacturer documentation on the Official Site® and step-by-step onboarding at Ledger.com/Start® to verify firmware and setup. The placeholder appears here only as an example label — never use short codes in place of a recovery phrase or private key.

Official Site®

Ledger.com/Start®

Crypto Management guide

Five focused actions (quick)

Buy hardware from official channels

Purchase devices from the manufacturer's store or authorized resellers. Avoid used or secondhand units.

Seed backups: durable & offline

Write seeds on durable material; consider metal backups for long-term resilience against fire and water.

Segregate funds & limit exchange exposure

Keep trading balances on exchanges; move long-term holdings to hardware wallets where you control keys.

Use strong authentication

For exchanges and accounts, enable hardware 2FA or TOTP, and use unique passwords via a password manager.

Document recovery & emergency access

Create a simple, secure plan for who can access assets in emergencies — use legal counsel as needed.

Why verify official setup instructions?

Vendors publish precise firmware and app steps on their Official Site® pages. Following guides such as Ledger.com/Start® ensures you install authentic firmware, avoid fake installers, and reduce the chance of losing funds. Always check the URL and TLS certificate. When in doubt, navigate from the vendor's homepage rather than following third-party links.

Frequently Asked Questions

1. Where do I find the official device setup instructions?

Always start at the manufacturer's Official Site®. For Ledger devices, the setup walkthrough is on Ledger.com/Start®. These pages include official firmware checks, downloads, and safety notes — follow them exactly.

2. How should I store my recovery phrase securely?

Write it down on paper and store that in a safe or use a metal backup designed for seed storage. Never photograph or store the phrase online or in cloud services. Consider geographically distributed copies if your situation requires redundancy.

3. Is 'code 1112' sensitive information?

No — within this guide, code 1112 is only an example placeholder. Real private keys and recovery phrases are long and must be kept secret. Never replace a seed with a short code.

4. Can I use exchanges for long-term storage?

Exchanges are suitable for trading and temporary custody but expose you to third-party risk. For long-term storage, keep assets in wallets where you control the private keys (hardware wallets are a strong option).

5. What if I lose my hardware wallet?

If you set up correct backups, the recovery phrase allows you to restore funds to a new device. If you lose both the device and the recovery phrase, funds are irrecoverable. That is why the recovery plan and secure backups are critical.