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Hardware Wallet Setup Best Practices

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Original post to r/CryptoCurrency was taken down as I was not a member of the sub for a long enough time so I'm posting here for help!

So, just got a "potentially suspicious login attempt to your account" e-mail from Binance and I'm taking this as a clear and final sign that I need a cold wallet. Pulled the trigger and bought a Ledger and am really looking forward to getting my coins off the exchange and complete into my "hands". I'm unfamiliar with how to set it up or with how to even transfer the coins from the exchange to the wallet but I'm sure there are youtube videos that offer step-by-step tutorials so I should be OK on that front.

My question is, what should I be on the lookout for before I start to set up the wallet? I've read countless posts about fraudulent wallets, pre-set seed phrases, etc., and want to make sure that I am covering my ass as much as possible. I've taken the first safe step by ordering directly from Ledger France and not through a reseller like Amazon but beyond that, I'm looking for help on what other red flags I should look out for or what precautionary steps I should be taking.

Thanks!

submitted by /u/jajg
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