Need to transfer coins to your Ledger Nano X from a coinbase but don’t you know how to do that? Don’t worry, we are here for you with a detailed guideline on how to use ledger nano x with coinbase.
The guideline is equally user-friendly and secure thus you can complete a single transaction within the least effort and time. Here we go!
How to use Ledger Nano X with Coinbase?
Step 1: Connect the device
First of all, what you need to do is to plug the device to your laptop or desktop. By entering the PIN code get access to the Ledger Live App.
Step 2: Check the left side panel
Have you got secure access to the live app? Well, now look at the left side of the app. What do you see? A list of commands, right?
From the listed commands, you are to click on ‘Receive’.
Remember that your purpose is to import coins from the coinbase, not to export; so never go for the ‘Send’ option.
Step 3: Select the account
As soon as you choose the ‘Receive’ option, a new tab will appear on the screen asking you to select an account.
Just under the title ‘Account to credit’ there will be a search box like thing with a down arrow on the right. Click on that arrow to find out a list of account types and choose the suitable one out of those.
Once your account selection is done, on the tab a blue button named ‘Continue’ will be available to be tapped. Tap the button.
Step 4: Manage the device
Get the ledger nano x at your hand. Now, select the app (by pressing both buttons at a time) for which you will be importing coins from the coinbase.
Have patience for a couple of seconds so that the ledger app can authenticate whether the device is properly connected or not.
If the live app finds the connection to be good and proper, it will show the good news to you and allow you to proceed by tapping the ‘Continue’ button.
Step 5: Verify an address
By tapping the continue button from the end of step 4, you will be pushed to the verification process.
As the new tab pops up with new dialog, you will find another ‘Continue’ button under the command of ‘Verify address on device’. Tap the button.
As you continue, an address should be popped up on the screen of both your nano x device and the live app simultaneously.
Cast sharp eyes on the address of both screens to make sure that it is the same unique address.
Is the address okay? Then, confirm it from the ledger device by selecting the right side button.
Step 6: Copy the address
After the Ledger Live App confirms that you have been successful in confirming the address, it’s time to copy the address.
You will find a Copy button just the bottom of the tab shown on the live app. You can simply hit this button once you highlight the address manually.
Step 7: Get access to the coinbase
Okay, so it’s time to get access to the coin base by entering your user name and password.
As soon as you get the access, look at the top of the panel. There you will see an option named ‘Accounts’. Tap on it to enter the account.
On your entering the accounts section, you will see a list of coinbase wallets just on the left side of the panel.
Go through the list with patience to locate your expected wallet infallibly.
Once you are successful in locating your required wallet, cast eyes just below of the wallet’s name. Two options ‘Send’ and ‘Receive’ will be available for you. Tap the Send option.
Step 8: Paste the address
Upon selecting the Send option, a new tab will pop up. There you will find a search box like thing under the title of ‘Recipient’.
Paste the copied address in this box and then tap the ‘Continue’ button that is at the bottom of the tab.
Step 9: View details
You are almost done. A new tab with the good news that your transaction is one the way will pop up. On this tab, you will find another blue button ‘View details’.
Although it’s not mandatory for you to tap this button yet we do recommend you to do so. By entering the details section, you can track the progress of the transaction and observe how many confirmations it has over time.
This will give you some idea of when you should see the coins appear in your Ledger Wallet.
Does Ledger work with coinbase?
Ans. Yes, both Ledger Nano S and X do work fine with coinbase. You can transfer any amount from coinbase to your device.
Is it possible to transfer any type of coin by pairing coinbase and ledger device?
Ans. Using the coinbase accounts, you can send any type of and amount of crypto currency to your ledger device.
Is coinbase better than kraken?
Ans. To be honest and straightforward, you should go for kraken if you are a lower volume trader. You will find the fees to be more sustainable for you.
Is it safe to link my bank account to coinbase?
Ans. Yes, you can do that without the least hesitation because coinbase is always determined on safeguarding your personal and financial details as the banks do.
Can coinbase be hacked?
Ans. We must say that coinbase isn’t fully secured from hackers. But, at the same time, we do guarantee you that the chance of its being hacked is considerably less than that of others.
In short, pairing your ledge x wallet with a coinbase isn’t tough at all. What you need to do is to understand the commands well and proceed with patience.