Apr 05, · How to Transfer Bitcoin to a Ledger Nano S. Step 0. First things first, connect your Ledger to your computer with the USB cable and enter your pin code. Step 1. Open the Ledger Wallet Bitcoin app on your computer. It will most likely show a message to connect and unlock your Ledger . Dec 05, · PIN Code. The Ledger Nano S also requires the user to create a PIN code on setup.. The PIN code helps prevent the loss of bitcoins in case you lose your device. A stranger would not be able to send bitcoins from your Nano S because he/she would not know your 4 digit pin code/5. Sep 06, · Step 1: Launch the Ledger live app, connect your Ledger wallet to your computer and open Bitcoin app on it. If you have never done this before, watch this video to understand. Step #2. Plugin your Ledger Nano to your device (PC/mobile) and unlock it using your PIN code.
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It will check if you have previously created any account or not. Just so you know, you can have multiple Bitcoin accounts using one Ledger device. You can also rename the account to give it a meaningful name. Step 6: The above step will add a Bitcoin account to your Ledger live app.
Now, click on accounts, and select the account that you just created. Step 7: Click on receive and this will show you your Bitcoin receiving address. Now, this is the address on which you need to transfer the Bitcoin from anywhere else to your Ledger Bitcoin wallet.
Step 8. If you look closely, there is a note that says: only receive funds on this address if it matches the one displayed on your device. For this, please verify if the address is shown in your Ledger app and the address shown on your actual hardware device is the same. Once both are verified and matched you are good to go ahead. Step 9.
Once addresses are matched it means the address shown is safe to receive BTC. Step Now you can scan the QR code in step 8. Now once you have scanned the QR code or put the copied address and just hit send from your wallet. And now wait for the transaction to reflect on Blockchain explorer. Step 1. Launch the Ledger Wallet Bitcoin application on your desktop. You will be prompted to select Bitcoin or Bitcoin cash.
In this case, I am selecting segwit because I have my coins on segwit as using segwit has many benefits that you can read here. Step 5. You will be taken to your segwit Ledger Nano S Bitcoin wallet after a few seconds of synchronization.
Step 6. After the sync, you will be able to see this screen of your wallet. Here you will see your accounts, balances, send, receive and settings options. Step 7. Enter the amount of BTC you want to transfer, add recipient Bitcoin address, and click send. It is advised to scan the receipt address if you have the address QR code to avoid manual errors.
You can use the option shown in the below image to scan the QR code. Also in step 8, you can vary your transaction fees and select the optimum kind of fees that you want to use for that particular transaction. The time the transaction takes to complete will be dependent on the fee type selection.
Now that your transaction is broadcasted, you should check it out at Bitcoin explorer and wait for 6 confirmations to get the transaction successful. Also, I recommend you use segwit address enabled wallets such as Ledger Nano S. Once in the wallet, you should see your account balance, recent transactions, as well as a few menu options at the top. A pop-up menu should appear.
Step 6. In the pop-up, choose which account you want to receive your Bitcoin to you probably only have one option. Step 7. Make sure that the address on the pop-up matches the address that your Ledger is showing. Some users have reported malware in which a hacker will spoof your address replacing it with their address instead. Step 8. If both addresses match, you know the address is safe to receive funds. Step That covers the basics on how to send Bitcoin to your Ledger Nano S.
Check out our other Ledger Nano S guides to learn more about the wallet:. Ledger Nano S Setup Guide. This article is still…. Steven Buchko. Bitcoin Ledger Nano S. Newsletter Sidebar.