How to Transfer Crypto from Binance to Ledger Nano S or X
Storing your digital assets in a safe and accessible place is crucial. In this guide, we will show you how to transfer your cryptocurrency from Binance to Ledger Nano S or X.
Step 1: Go to Binance
To start the process, go to the Binance website and click on the “Wallet” tab. From there, select “Fiat and Spot”.
Step 2: Withdraw from Binance
Once you have entered the “Fiat and Spot” section, you can see all of your assets in Binance. To withdraw your cryptocurrency, click on the “Withdraw” button. Binance will then ask you to enter the address where you want to send your crypto.
Step 3: Open Ledger Live
Open the Ledger Live app and select the “Account” section. If you don’t have a Ledger account for the cryptocurrency you want to transfer, you can create one with the “Create” button.
Step 4: Receive Address from Ledger Live
After opening the cryptocurrency account in Ledger Live, click on “Receive”. You will then need to connect and unlock your Ledger device. Open the cryptocurrency app on your device and Ledger Live will provide you with the address where you have to send your crypto.
Step 5: Check Addresses
Check that the address on your computer is the same as the one on your Ledger device. Once you have confirmed that the addresses are the same, click on “Copy” to copy the address and then approve it in Binance.
Step 6: Withdraw from Binance
Go back to Binance and paste the address you copied from Ledger Live. Choose the same network as the cryptocurrency you are sending to avoid losing your funds. Select the amount you want to withdraw and confirm the transaction. A verification code will be sent to you to complete the withdrawal process.
Step 7: Wait for the Arrival of Coins
The time it takes for the coins to arrive will depend on the network used. Most cryptocurrencies will arrive in less than 5 minutes. Check your Ledger Live app to confirm that the coins have arrived.
Tips and Tricks
- Choose the same network as the cryptocurrency you are sending to avoid losing your funds.
- Do a test run by sending a small amount of money before sending all of your crypto.
- Check if the coins have arrived in your Ledger Live app.
Conclusion
In conclusion, transferring your crypto from Binance to your Ledger Nano S or X is a simple and safe process. By following the steps outlined in this article, you can easily transfer your assets to your Ledger device without any worries. Always make sure to double check the address and the network you are using before making a transfer. If you are still unsure, check out the article in the description that explains how to choose the correct network. A test run with a small amount of money is also recommended before making a large transfer. If you have any questions or concerns, feel free to leave a comment below. Thanks for reading and happy transferring!