How to Set up your Ledger Nano S
Adding a Ledger (hardware wallet) as an additional signer to the company multi-signature wallet can be divided into 2 steps:
- Setting up your Ledger (hardware wallet) for the first time
- Adding the Address of the Ledger as an additional Signer
1. Setting up your Ledger for the first time
If you have already set up your Ledger (hardware wallet) you can skip this step.
To set up your Ledger for the first time you should follow the detailed instructions on the Ledger homepage:
Set up guide for Ledger Nano S
Disclaimer:
Never type your recovery phrase in any website, we and Ledger will never ask you for your recovery phrase.
Please always check if you are on the official website of Ledger, in case the link above is invalid or you think a malicious actor replaced the link please contact us.
2. Adding the address of the Ledger as an additional signer
This includes two step:
- Find out or create your first Ethereum address of your Ledger
- Add the Ledger address as additional signer
(if you know the Ethereum address already you can skip directly to the 2nd step)
2.1. Find out or create your first Ethereum address
To manage your Ledger please download the official Ledger Live App:
After you installed the Ledger Live App, you have to set up a password and verify your Ledger. (Also install the newest firmware if you get notified for it)
To create an account select "Accounts" on the left and then click on the "+ Add account" on the top right (see screenshot below).
In the pop-up menu select "Ethereum (ETH)" from the dropdown menu and follow the instructions.
To see your address you can click on "Receive" on the left hand side of the interface.
- Then select your newly created Ethereum account...
- ...and there you can copy your address.
2.2 Add address as signer
To add the Ledger address as a signer, log into the your dashboard with your admin account and select “Multisig Keys” in the left menu.
Then click “Add Signature Key” on the bottom right.
Finally, enter the address of the Leger in the pop-up menu and set the signatory power you like.
Last but not least: Don’t forget to sign this proposal with your current signers!