What precautions should I take when sending Bitcoin from Coinbase to a Ledger Nano S?

3 answers

• Dec 19, 2021 · 3 years ago
  When sending Bitcoin from Coinbase to a Ledger Nano S, it's important to double-check the recipient address to ensure it matches the address on your Ledger device. This helps prevent sending your Bitcoin to the wrong address by mistake. Additionally, make sure your Ledger device is genuine and purchased from an authorized retailer to avoid any potential security risks. Finally, consider using a hardware wallet like the Ledger Nano S to securely store your Bitcoin and protect it from online threats.
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• Dec 19, 2021 · 3 years ago
  Before sending Bitcoin from Coinbase to a Ledger Nano S, it's recommended to update the firmware on your Ledger device to the latest version. This ensures that you have the latest security features and bug fixes, reducing the risk of any vulnerabilities. It's also a good practice to enable the passphrase feature on your Ledger Nano S, which adds an extra layer of security by requiring a passphrase to access your funds. Remember to store your passphrase in a safe and secure location.
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• Dec 19, 2021 · 3 years ago
  When sending Bitcoin from Coinbase to a Ledger Nano S, it's important to be patient and double-check all the details before confirming the transaction. Take your time to verify the recipient address, transaction amount, and any additional fees involved. Rushing through the process can lead to mistakes and potential loss of funds. If you're unsure about any step, consult the official documentation or seek assistance from the Ledger support team. They are there to help you ensure a smooth and secure transfer of your Bitcoin.
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