![]() ![]() What Does It Mean When Ledger Says the Transaction is 'Pending'? That transaction needs time to reach Ledger’s node. If you cannot see your coins at all after you have transferred them from Coinbase (or anywhere for that matter), its probably because you sent them only moments ago. The most popular devices are the Ledger nano S and Ledger nano X which give users full custody of the private keys of the wallet. Gox is probably the the most famous example of an exchange that lost nearly every Bitcoin on deposit.īecause of these risks, many hodlers opt for safer, more secure devices, such as hardware wallets, to hold their coins on. Why Move Coins Off of Coinbase?Īs you learn more about cryptocurrencies, you will begin to see the risks of leaving your coins on an exchange for long periods of time.Įxchanges act a honey pot for hackers looking to acquire large amounts of Bitcoin or other crypto. If you don’t have any yet, you will soon how long just depends on how large of a transaction fee you paid. You can view the above transaction on that explorer.Īs you can see, this transaction already has 29 confirmations, so these funds are certainly visible in our Ledger by now. Keep in mind Blockstream’s explorer only supports BTC transactions. However, we prefer the blockstream block explorer because it gives you helpful tips on how you can improve the privacy of your transactions in the future. If you select ‘View Transaction’, you will be taken to the blockcypher block explorer to monitor this transaction. ![]() Here is what the details screen looks like: This will give you some idea of when you should see the coins appear in your Ledger Wallet. You click ‘View Details’ to find the TXID of your transaction so that you can track its progress and observe how many confirmations it has over time. This note is to help you identify the transaction later on if you want - it does not go on the blockchain. Enter your Ledger AddressĪt this point, you will enter the address your Ledger gave you into the ‘Recipient’ box, followed by the amount of BTC (or other coin) you want to send (or a dollar amount of that coin if you’d like), and a note if you would like.** In this case, we are sending Bitcoin to our ledger, so below “My Wallet” select “Send” 12. ![]() In the accounts section, select the wallet you want to send from.Ĭoinbase calls your Bitcoin wallet “My Wallet”, displayed with the orange B logo. Hit the copy button or highlight the address and copy it.** 9. Ledger Live will let you know that you have successfully confirmed the address. If it looks right, select the button on the right side of the Ledger Device 8. Look at the address shown on Ledger Live and make sure that it matches exactly the address showing on your Ledger device screen. Select “Continue” on the “Verify address on device” prompt. Wait for Ledger Live to authenticate that the Ledger device is connected and the correct app is open on the device, then select “Continue” when both boxes are checked. If you do not have the app you need installed, follow For my example, I am using Bitcoin, so I am opening the Bitcoin app. Select it by pressing both buttons simultaneously while the app is highlighted. On your Ledger device, select the corresponding app for the coin you are trying to receive from Coinbase. Open the right app one your Ledger Device Select “Continue” once you have the correct account selected.ĥ. Select the dropdown menu to choose which account (and which type of coin) you want to receive crypto to. Select “Receive” on the left hand side menu 4. Open the Ledger Live application and input your password 3. ![]() Plug in your LedgerĬonnect your ledger device to your PC and input your pin 2. If you have set up the Ledger Nano S device and created an account on Ledger Live, transferring funds from Coinbase to Ledger Nano S takes a few simple steps: 1. Transfering Coins from Coinbase to Ledger Nano S or X This guide will tell you everything you need to know, step-by-step, to move your coins off of Coinbase and onto your Ledger wallet. If you have recently acquired a Ledger Nano S or Nano X device, or you are considering doing so, you may be wondering, “How do I transfer crypto from Coinbase to ledger?” Read on to learn everything you need to know about how to to transfer coins from Coinbase to Ledger.
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