If you are a new Ledger Nano user and not sure how to transfer crypto to ledger nano x then this is the write up you need badly at this moment.
It’s going to be a tutorial showing you the most appropriate and secure method of transaction between your nano x device and coinbase. Here we go!
How to transfer crypto to ledger nano x?
Considering you a noob, we have split the entire guideline into 10 tiny and comprehensible steps. We guarantee the detailing will help you the utmost.
Even though you aren’t successful at the very first attempt, keep trying but never seek help from anyone else to escalate the risk of your account’s vulnerability. Let’s begin!
Step 1: Log in to the Ledger Live App from your laptop or desktop and get access to the Ledger X wallet by entering PIN code
Step 2: On the live app, you will see a list of commands just on the left of the tab. From the commands, find out the ‘Receive’ option and click on it.
Step 3: As you go for the receive option a tiny tab pops up just on the center of the page. There is a box-like thing just at the bottom of the tab.
Gently tap on it to find out and select the currency you want to transfer to your wallet. Finally, click on the Continue button.
Step 4: Wait a few seconds until a new instruction on the same tiny tab appears. You will see open the Bitcoin or Ethereum or Ripple or so on app on the device.
That’s to say you need to open the same app on your ledger device that you have selected for transfer.
Step 5: Log in to your crypto account and you will see a message saying the app is ready to be used.
By this time, a new tab will appear on the live app asking you to copy the receiving address. But before you go for copy-and-paste, you should at first verify your device.
How to verify the wallet? Well, it’s easy and requires you just to press both the right and left buttons of the device at a time.
By verifying you can make sure that the shown address of the ledger live and the ledger device is the same. This is how your transfer of the currency becomes further safe.
Step 6: Copy the receiving address by simply tapping on the sign given on the right of the address box.
Step 7: Open the coinbase application and paste the address into the ‘To’ field and finally click on the ‘Preview send’ option that is just at the bottom of the app.
Step 8: A preview of the transaction will be shown to you as the next page appears.
Always make sure that you have checked the summary of the transaction - receiving address and amount, a few times before you go for the final phase.
Remember that once you go for the final step, you just can’t reverse the transaction. So, be extra careful here.
Step 9: Finally, tap on the option ‘Send now’. As you click on it, you will be receiving a code of 7 digits for 1-step verification.
Submit the code to let the transaction occur conclusively. As soon as you do the code submission, the transaction takes place and you will have the message instantly.
Step 10: Now, this is an optional phase that you may follow for further confirmation of the currency transfer.
To do so, first of all, open the Ledger Live App. From the same commands’ list on the left side, select the ‘Portfolio’ option that you will find at the top.
By selecting this option, you will be taken to a page where you will find the summary of the transfer: address, currency type and amount.
Is the process of transfer the same for Ledger Nano X and S?
Ans. Yes, following the same method, you can transfer any crypto currency both to Nano X and S.
What crypto can I exchange through Ledger Live?
Ans. Ledger Live allows you to swap Bitcoin, Ethereum, USDT, USDC, Chainlink, Uniswap, XRP, Stellar etc.
Is Ledger safer than coinbase?
Ans. Both are unique in their own service but in terms of security Ledger gets more preference.
How long does a single transaction take?
Ans. It requires 30 minutes to 3 days for every single transaction depending on the amount of traffic on the blockchain
How much are the fees for a transaction?
Ans. The fees depend on the amount you will transfer
To sum up, making a transaction from coinbase to your ledger nano x is easy but you must be utterly careful in every step. Even a simple mistake out of your subconsciousness can be a great reason for your future regret.
Link to buy Ledger Nano X :
Link to buy Ledger Nano S :