How to Reset the Ledger Nano Device

Why Would I Need to Reset My Ledger Nano Device?
1) You have forgotten your access PIN.
2) You have your PIN but wish wipe out the old accounts and start fresh, or you wish to gift the device to someone else and want to be sure it is clear.
3) You received a device from a friend or from a questionable source.
After a device has been reset, you can set it up as a new device or restore it from the 24 word mnemonic backup phrase.
A demonstration video on restoring a Ledger Nano device will be done in a separate video in the Mnemonic Backups section of videos.