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What are the steps to safely transfer crypto from Coinbase to Ledger Nano X?

avatarShreenay LoreNov 29, 2021 · 3 years ago1 answers

I want to transfer my cryptocurrency from Coinbase to my Ledger Nano X. What are the step-by-step instructions to ensure a safe transfer?

What are the steps to safely transfer crypto from Coinbase to Ledger Nano X?

1 answers

  • avatarNov 29, 2021 · 3 years ago
    Alright, here's a step-by-step guide to safely transfer your crypto from Coinbase to your Ledger Nano X: 1. Connect your Ledger Nano X to your computer using the USB cable. 2. Open the Ledger Live app on your computer and enter your PIN to unlock your device. 3. In the Ledger Live app, click on 'Receive' and select the cryptocurrency you want to transfer. 4. Copy the receiving address provided by the Ledger Live app. 5. Log in to your Coinbase account and go to the 'Send' section. 6. Paste the receiving address from your Ledger Live app into the 'Recipient' field. 7. Enter the amount of cryptocurrency you want to transfer and review the transaction details. 8. Double-check the receiving address and the amount before confirming the transaction. 9. Click 'Send' to initiate the transfer. 10. Wait for the transaction to be confirmed on the blockchain. That's it! Your cryptocurrency should now be safely transferred from Coinbase to your Ledger Nano X. Remember to always verify the addresses and amounts to ensure a secure transfer.