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How can I safely move my coins from Coinbase to Ledger?

avatarRafferty McClanahanDec 17, 2021 · 3 years ago1 answers

I want to transfer my coins from Coinbase to Ledger, but I'm concerned about the safety of the process. What are the steps I should follow to ensure a secure transfer?

How can I safely move my coins from Coinbase to Ledger?

1 answers

  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we recommend the following steps to safely move your coins from Coinbase to Ledger: 1. Ensure that your Ledger device is genuine and purchased from an authorized source. 2. Set up your Ledger device and install the necessary firmware and apps. 3. Create a new wallet on your Ledger device for the specific cryptocurrency you want to transfer. 4. Log in to your Coinbase account and navigate to the 'Accounts' tab. 5. Select the cryptocurrency you want to transfer and click on the 'Send' button. 6. Enter your Ledger wallet address as the recipient address. 7. Verify the address and the amount you want to transfer. 8. Confirm the transaction and wait for it to be processed. 9. Once the transfer is complete, check your Ledger wallet to ensure the coins have been successfully transferred. Following these steps will help you securely move your coins from Coinbase to Ledger, minimizing the risk of any potential issues or loss of funds.