What precautions should I take when sending Ripple from Binance to Ledger?

3 answers

• Nov 27, 2021 · 3 years ago
  When sending Ripple from Binance to Ledger, it's important to double-check the recipient address on your Ledger device before confirming the transaction. This ensures that you are sending the Ripple to the correct wallet and prevents any loss of funds. Additionally, make sure your Ledger device is securely connected to your computer and that you have the latest firmware installed. It's also a good practice to start with a small test transaction before sending a larger amount of Ripple to your Ledger wallet.
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• Nov 27, 2021 · 3 years ago
  Before transferring Ripple from Binance to Ledger, make sure you have enabled the Ripple app on your Ledger device. You can do this by opening the Ledger Live app, going to the Manager tab, and installing the Ripple app. This step is crucial as it allows your Ledger device to interact with the Ripple network. Once the app is installed, you can proceed with the transfer by following the instructions provided by Binance. Remember to always keep your Ledger device and recovery phrase in a safe place to protect your funds.
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• Nov 27, 2021 · 3 years ago
  At BYDFi, we recommend taking the following precautions when sending Ripple from Binance to Ledger. Firstly, ensure that you are using the official Ledger website or Ledger Live app to download the Ripple app. Avoid third-party websites or apps, as they may be compromised and put your funds at risk. Secondly, verify the Ripple address displayed on your Ledger device matches the one provided by Binance. Lastly, consider using a hardware wallet like Ledger to store your Ripple, as it provides an extra layer of security compared to online wallets.
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