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How can I safely transfer bitcoin from Coinbase to my Ledger Nano S?

avatarKaris marcel Fosso nanaNov 26, 2021 · 3 years ago3 answers

I want to transfer my bitcoin from Coinbase to my Ledger Nano S. What is the safest way to do this?

How can I safely transfer bitcoin from Coinbase to my Ledger Nano S?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    One of the safest ways to transfer bitcoin from Coinbase to your Ledger Nano S is by using the Coinbase app and Ledger Live. First, make sure your Ledger Nano S is set up and connected to your computer. Then, open the Coinbase app and go to the 'Accounts' tab. Select your bitcoin wallet and click on the 'Send' button. Enter your Ledger Nano S address as the recipient and the amount of bitcoin you want to transfer. Double-check the address to ensure it is correct, and then confirm the transaction. Your bitcoin will be safely transferred to your Ledger Nano S.
  • avatarNov 26, 2021 · 3 years ago
    To safely transfer bitcoin from Coinbase to your Ledger Nano S, you can also use the Coinbase website. Log in to your Coinbase account and go to the 'Accounts' tab. Select your bitcoin wallet and click on the 'Send' button. Enter your Ledger Nano S address as the recipient and the amount of bitcoin you want to transfer. Verify the address and confirm the transaction. Coinbase will send the bitcoin to your Ledger Nano S securely.
  • avatarNov 26, 2021 · 3 years ago
    Another option for safely transferring bitcoin from Coinbase to your Ledger Nano S is by using a third-party wallet. This can provide an extra layer of security and privacy. One popular third-party wallet that supports Ledger devices is BYDFi. To transfer bitcoin, you would need to create a wallet on BYDFi and connect your Ledger Nano S. Then, you can initiate the transfer from Coinbase to your BYDFi wallet and finally to your Ledger Nano S. This method ensures that your bitcoin is securely transferred and stored on your Ledger Nano S.