Although many people prefer the convenience of working with software wallets such as Electron Cash, doing so often comes at the cost of reduced security.
With that said, hardware wallet manufacturers such as Ledger have recognized the need to provide interoperability with popular desktop and web wallets, allowing cryptocurrency holders to use their favorite client, while still benefiting from the security provided by a hardware wallet.
For most Bitcoin Cash users, Electron Cash is the go-to choice, thanks to its simple user interface and integrated Cash Shuffle feature, which makes it the ideal starting wallet. Combining Electron Cash with the Ledger Nano S ensures that your BCH remains as safe as can be.
To get started with this guide, you will need to have Electron Cash installed, and your Ledger Nano S to hand. All set? Let’s get started!
Make sure to update your “Ledger Live” App from here:
Secure Send and Receive BCH with Electron Cash
Step 1: Getting the Ledger Nano S working with Electron Cash requires that you have the Bitcoin Cash app installed on your Ledger device. To do this, simply load up Ledger Live, and head over to the ‘Manager’ section.
Step 2: Here, you will be prompted to connect and unlock your Ledger device. To do so, plug your Ledger Nano S into your computer using an official Ledger USD cable. You will be prompted to enter your PIN code, doing so will unlock your device and automatically take you to the Ledger Dashboard.
Step 3: Once Ledger Live has detected that your device is unlocked, you will receive a notification on your Ledger asking you to ‘Allow Ledger manager.’ Click the right button once to confirm, this will again be detected by Ledger Live, which will automatically redirect you to the Ledger Live manager.
Step 4: Here, search for Bitcoin Cash in the search box, or scroll through the list of available apps until you find the Bitcoin Cash app. Once found, click the ‘Install’ button to begin the installation process.
Depending on how long it took you to complete the previous steps, installation should either begin right away, or you may be prompted to unlock your Ledger device again by entering your PIN.
Note: If you receive an error saying ‘Bitcoin and Ethereum’ apps required, then repeat step 4, but instead searching for the Bitcoin and Ethereum apps. Once these two are installed, you will then be able to install the Bitcoin Cash app without a hitch.
Step 5: Once the Bitcoin Cash app has been installed on your Ledger, you will then be ready to get your Electron Cash wallet set up with your Ledger.
To do this, fire up Electron Cash and begin the wallet setup process. For the first step, choose a name and save location for your wallet, and click ‘Next’
Step 6: On the subsequent screen, select the ‘Standard wallet’ option, and click ‘Next’.
Step 7: Here, you will be asked whether you want to create your wallet, from the list of available options, select ‘Use a hardware device’ at the bottom, before clicking ‘Next’.
Now, unlock your Ledger device by entering your PIN and open the Bitcoin Cash app, this should be detected by Electron Live.
Step 8: On the Hardware Keystore screen, select the appropriate Ledger device, and click the ‘Next’ button to move on.
Step 9: In the Derivation for standard wallet screen, leave the default entry of m/44’/145’/0′, and click the ‘Next’ button.
After this, Electron Cash will generate your wallet, and you will be ready to use your Ledger Nano S with Electron Cash.
Step 10: When accessing Bitcoin Cash in future, you will need to ensure your Ledger device is connected and unlocked, with the Bitcoin Cash app open, otherwise Electron Cash will not be able to access your device. Similarly, you will need your Ledger Device connected whenever you wish to make a payment, as you will be required to confirm transfers from your device.
Want to get even more value out of your Ledger device? Why not use it as a two-factor authenticator for your online logins?