If you need to learn how to reset your Ledger Nano S, then this article will tell you all you need to know!
About Ledger Nano S
Ledger Nano S, the new generation of hardware wallet for Bitcoin and other cryptocurrencies, was launched by Ledger in June 2016.
It is one of the first devices that supports multiple blockchains such as Ethereum, Litecoin, Dogecoin, Zcash, Dash, etc. The device can be used with any operating system including Windows, macOS, Linux, Android, iOS, etc.
The Ledger Nano S is an open-source hardware wallet which means it does not require a private key to operate. Instead, it generates your public/private keys on its own. This makes it extremely secure.
How To Reset Ledger Nano S
There are two ways of restoring your Ledger Nano S back to its original factory settings. You can connect and unlock your Ledger Nano S either by entering its PIN code or by going to the settings on your Dashboard and pressing both buttons.
Press the two buttons at once to confirm you want to reset your Ledger Nano S to its factory settings.
You’ll get a warning message saying that your data could be lost, and then you’ll be asked to confirm whether you want to proceed.
Resetting your Ledger PIN code requires you to remove the battery from your device. Then insert the battery back into the device. Once this is done, hold down the power button until the LED starts blinking.
This means that the device is now ready to be used again. You can now use the Ledger Manager app to create a new wallet.
To reset your pin, follow these steps:
1) Press the button on the right side of the Ledger Nano X or Ledger Nano S
2) Enter the 4 digit pin
3) Confirm the new pin by pressing the button on the left side of the Ledger.
You’re done! Now you can use your Ledger Nano X or Nano S to store your private keys safely.
Restore Ledger Nano S
You can restore your wallet by pressing both buttons. Press the left button to restore an old wallet or press the right button to create a new wallet.
Resetting your Ledger wallet requires pressing both buttons simultaneously. This is because the Ledger Nano S uses two buttons instead of one.
Enter your recovery phrase. Press both buttons to enter your Recovery Phrase.
Change PIN
To change the PIN code for your wallet, you need to connect your wallet to a computer or laptop first. Enter a new PIN for your wallet.
Confirm the same by entering the new Ledger PIN to confirm the change. Enter your old Ledgers PIN to validate the change.
Restore Ledger Apps
You should always use a fresh backup of your private keys before restoring them on a new device. Otherwise, if you lose access to your old device, you won’t be able to recover your funds.
Resetting your Ledger Nano S requires you to enter a 4 digit pin code. You must use the same pin code every time you want to reset your ledger Nano S.
You should write down this code somewhere safe, as if you lose it, you won’t be able to access your ledger Nano S anymore.
What Does Restoring Mean?
A backup wallet is essentially an exact replica of the original wallet. It is useful to provide some redundancies. If you lose your original wallet, you can restore it using a new wallet. If you lose your new wallet, you can restore it to the original one.
A wallet is a collection of keys and addresses used to sign transactions. To restore a wallet, you need to use a keystore file that was generated by the wallet software. This means that the wallet must support the same type of encryption as the keystore file.
For example, if the wallet uses BIP32 (which is common), then the keystore file should also use this algorithm. If the wallet does not support the same encryption method as the keystore file, then the restore process will fail.
You can restore your wallet using any other hardware wallet supporting BIP39/44.
You need to recover your wallet by using your 24 word recovery phrase.
A warning about how important it is to save your recovery phrase. If you lose your Ledger Nano S, you won’t be able to get back your coins. You need to write down your recovery phrase before restoring your Ledger Nano S.
Recovery Seed
You must have a recovery seed before you can reset your Ledger Nano S.
The Ledger Nano S has two types of seeds. The first type is a “recovery seed”, which you can create by entering your PIN into the device.
This allows you to restore the wallet if it gets corrupted or lost. You can also recover from this seed using any other Ledger hardware (e.g., desktop app).
The second type is an “account seed” which is used for creating new wallets. These are created when you generate a new address with a given amount of Bitcoin.
Multiple Wallets
Hardware wallets are very secure devices that store your private keys. You should never use the same recovery seed twice. Your recovery seed is what allows you to access your funds if you lose your device or forget your password.
Hardware wallets are safe because they use different keys than software wallets. You should never lose your hardware wallet.
There is a high chance that your device could be lost or stolen. To avoid losing your funds, you should purchase an additional hardware wallet.
You should be very careful when using a single hardware wallet. If you lose access to your private keys, you won’t be able to recover them. If you lose access, you’ll need to use a backup or paper wallet.
Conclusion
Hopefully this guide has helped you to learn everything you needed to know about resetting your Ledger Nano S!
