how to store shiba inu on ledger nano x

For secure storage of Shiba Inu (SHIB) tokens, the Ledger Nano X hardware wallet provides industry-leading protection through its secure operating system and multiple layers of security.

Oct 15, 2024 at 10:12 am

How to Store Shiba Inu (SHIB) on Ledger Nano X

Shiba Inu (SHIB) is an ERC-20 token built on the Ethereum blockchain. To store your SHIB tokens securely, you can use a hardware wallet like the Ledger Nano X. Here's a step-by-step guide on how to do it:

Step 1: Acquire a Ledger Nano X

Purchase a Ledger Nano X from the official Ledger website or through an authorized retailer.

Step 2: Set Up Ledger Nano X

• Connect the Ledger Nano X to your computer using the provided USB cable.
• Follow the on-screen instructions to create a new PIN and recovery phrase.
• Securely store your recovery phrase and keep it confidential.

Step 3: Install Ethereum App on Ledger Nano X

• Navigate to the Ledger Live app on your computer.
• Click on "Manager" in the top-right corner of the app.
• In the "Install applications" section, search for "Ethereum (ETH)" and click on "Install."

Step 4: Add SHIB Account

• After installing the Ethereum app, open it on your Ledger Nano X by scrolling through the apps and selecting "Ethereum."
• Choose "Add account."
• Confirm the account addition on the Ledger Nano X screen.

Step 5: Receive SHIB

• Provide the SHIB account address displayed on your Ledger Nano X to another wallet for sending SHIB tokens.
• Once received, your SHIB tokens will be safely stored on your hardware wallet.

Additional Security Measures:

• Keep your Ledger Nano X updated with the latest firmware.
• Store your recovery phrase securely, separately from your hardware wallet.
• Consider utilizing additional security features such as 2-factor authentication (2FA).