Protect & Secure Your HNST Tokens: Get Your Ledger Device Now
Honest (HNST) is an Ethereum-derived blockchain project whose utility token (the HNST token) is used to power Honest Mining, a crypto staking-as-a-service platform.
The immediate advantage is that a user of Honest will be able to join masternodes, obtain discounts, and other benefits. There are 3 core service points Honest provides to its customers:
- Regular Shared Masternode — multiple users can combine their coins to meet the required collateral amount for a single master node
- Instant Shared Masternode — any user can instantly join a running Masternode by the platform
- Full Masternode: a user runs a master node all by themselves
Through these core services, users can benefit extensively but not without any risk. When you have crypto assets the danger of getting hacked is always there.
Use this article to get to grips with how to secure your crypto assets using the world’s most secure hardware wallet. The following steps will guide you on how to set up the Ledger Nano S/X wallet to gain the security you need.
Before you begin: You will need to have the Ledger Nano X/S hardware wallet, and the Ledger Live app installed on your computer or mobile device.
Before you begin: Take a few minutes to update Ledger Live application
Note: to secure any ERC-20 tokens you first need to have the Ethereum app installed on your Ledger device.
How to Install the Ethereum App On the Ledger Nano X/S
(1) Open up Ledger Live and connect your Ledger Nano X to your computer. This can be done either by Bluetooth or a USB cable.
(2) Navigate to the ‘Manager’ area of Ledger Live, choose a PIN code and write down your recovery phrase. Follow instructions on the Ledger device and press confirm, then confirm the recovery phrase.
(3) Access Ledger’s App catalog, using the search bar type ‘ETH’ then press ‘Install’. This may take several seconds. Once installed, click on ‘Add account’ and then hit ‘Continue’.
(4) On the device open the ETH app. You may need to enter the PIN code. Once this is confirmed the device screen will display ‘Application is ready’ and synchronization begins. This may take up to several seconds.
(5) Once synchronization is completed, the ETH app will then be added to your Ledger Nano X. To confirm this, navigate to the ‘Accounts’ section on the Ledger Live. There you can see that the device has been synchronized successfully and that your ETH app has been added to your accounts. You can now use Ledger Nano X/S to store your ETH safely and securely.
That’s it! You will now be able to manage your Ethereum and ERC-20 tokens on your device.
