The ledger Nano S is a hardware used for storing cryptocurrency in order to protect it from cyber fraud.
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The ledger Nano S is a hardware used for storing cryptocurrency in order to protect it from cyber fraud.
Transferring your bitcoins to a hardware wallet is pretty simple and straightforward. However you may not get it or you may do it wrongly if you do not pay attention to every detail. I’d recommend you see a YouTube video on it by Rex Kneisley. You can jot down if you wish or simply follow each step as he explains in the video.
The first step is to sign in to Ledger Live, the desktop application for the device. Install your preferred coin by selecting it from the App Catalog. Once you’ve installed it in Ledger Live, the icon of the coin should appear on the device.
Next, click on the plus sign beside “Accounts,” click bitcoin, and then continue. The screen should then display messages that say “Connect and unlock your Ledger device” and “Navigate to the Bitcoin app on your device.” On your device, scroll to the bitcoin icon and select it by pressing both buttons. Once you’ve done that, the device should say “Use wallet to view accounts,” which will allow you to continue on Ledger Live. At this point, you’ll be able to rename the account. Once you’ve renamed it, confirm it and close the pop-up window. Now, you should be able to receive coins on your account. To begin sending, click on “Receive” on Ledger Live and select the account that’s going to be collecting the coins. Then, on the device, choose the currency you’ll be using by pressing both buttons, and the screen should display “Use wallet to view accounts.” Next, verify the wallet address on Ledger Live by checking if your device is showing the same address make sure to check if the last few digits are the same.
Once verified, head on over to Paxful, log in, and click on the “Wallet” button at the top of the page.
You’ll be asked for 2FA authentication first, but after verification, your money should be on its way!