Are you a ledger wallet user who has just been hearing that you can now buy crypto with your ledger device yet don’t know how to do that? For you we have come up with this write up narrating how to buy crypto with ledger.
Apart from telling you the buying method in detail, we will be introducing you to the digital currencies available to purchase on ledger. Moreover, we will impartially explain why a ledger wallet is the best option to make the purchase.
Let’s get started!
Actually, it’s not the Ledger device that makes the purchase happen rather it is the Ledger Live App that is the gateway between you and the sellers.
However, the app lets you make the purchase of the following digital currencies:
All the coins from Litecoin to Celsius are the new additions to Ledger App on the consideration of their increasing market value and popularity.
Here goes a step-by-step guideline to help you learn the purchasing method of digital currencies using Ledger Live App.
Step 1: Run the app either on your desktop, laptop or smartphone and log in to your ledger account entering the pass code.
Step 2: Just on the left of the screen there is a number of listed commands, right? Well, from there sort out the “Buy crypto” option that we guess should be at the bottom of the list.
Step 3: As you click on the option, a new screen with new commands will appear.
Step 4: Under the command “Choose a crypto asset”, select the currency that you want to purchase for you. Then, under the command “Choose an account”, you are to select an account to which you would like to send the purchased amount. Click on the “Continue” button.
Step 5: Take the ledger device and after logging in press both the buttons at a time. After that, open the app of the currency that you will be buying.
This will allow the live app to make sure that it is actually you, the real owner who is operating the buying process.
Step 6: As you complete the immediate previous step, a new screen will pop up on the ledger live app. There you will get an option for entering the local amount in Euro or USD or anything else that you would like to spend on the buying of the expected digital currency.
After you enter the amount you can see the amount of crypto currency that you can buy with your local currency.
Finally, hit the “Buy now” option.
Step 7: Another screen appears where you will be asked either to create an account or log in to the existing ledger account.
Step 8: Whatever you do - create a new account or simply log in, you will then lead to the verification process.
From there select your residential country. Once you select it, you will be given three methods of payment. Select your one as per your convenience and press “Continue”.
Step 9: Check your email inbox and from there verify that it’s the actual you, not any fraud.
Step 10: After you confirm the email address, You will be welcome to conify on the ledger live app. As you Press Continue, you will be taken to a new page asking for your detailed residential address.
Then, another page will ask your reason for buying the crypto currency. Select a reason and click on Continue.
Step 11: Under the option “Start verification” press the “Start” button. To verify your identity you need to upload your photographic id and a clear selfie.
Step 12: Hit the “Trade now” option. From the subsequent page, you can learn whether your entered amount can be traded or not. If it cannot be traded then what the maximum amount is and what the charge will be, will be displayed.
Next, under the Payment method select the method with which you can pay the seller e.g. card or bank account. Press Continue.
Step 13: Accept the warnings and from the next page you can check all the info you have shared so far. Go through the page to make sure that everything is right because once the transaction process starts, it’s not reversible. Finally, check the box at the bottom and go for Continue.
Step 14: Press both the buttons of your ledger device. This will make sure that the address matches.
Step 15: The bank details you have provided a bit ago are shown. Read the instructions thoroughly. If your payment making currency and paying amount need to be changed, you can still do that by cancelling the trade. The button is just at the left side of the bottom.
But, if everything is okay, hit the blue button saying “I have now initiated the transfer”
There are many popular methods of making the purchase of crypto currencies but for a number of reasons we do prefer to and recommend you to use ledger. The shortlisted reasons are:
Safety is the first thing that needs to get your attention the most while buying crypto. Ledger, in this perspective, is simply ahead of many of its peers. Its security level is high and strict that none can break.
In comparison with other offline wallets, ledger is quite fast. It takes a minimum amount of time and effort.
Within a compact design, Ledger lets you not only buy crypto currencies but also sell, lend, borrow and swap.
Prioritizing the ultimate user-friendliness, a ledger wallet has been kept as simple as it had been possible. With two buttons and detailed info, it’s very easy to use. In addition, the live app is also easy-to-understand.
In short, the world is heading towards an ultimate modernization where crypto currency will rule. Therefore, it is wise for you to have a sound knowledge on how to buy crypto with ledger. You may even go for any other wallet but that will exhaust your effort and time more lavishly.