Have you recently purchased and set upyour Ledger hardware crypto wallet but are unaware of how to receive or buycrypto on it? If yes, then take a deep dive with us in our further sections ofthis write-up.
In our further content, we will covertwo easy step-by-step guides that will help you to receive and buy Bitcoin(BTC) in your Ledger Wallet.
Steps to transfer BTC in your LedgerWallet:
Note: We are using BinanceWallet as an example for completing our further steps. But if you want to useany other crypto wallet, then you can also use that by following the samesteps.
We have mentioned below an easystep-by-step guide that will help you to transfer your BTC from your Binance Walletto your Ledger hardware wallet within a few simple steps.
1. Plug in your Ledger Wallet to your laptop orcomputer.
2. Open Ledger Live App and unlock your Ledger device.
3. Now, click on the “Accounts” tab, located atthe left side menu.
4. Click on the Bitcoin (BTC) account.
5. After selecting the “BTC” account, hit on the“Receive” icon that is located at the top right corner of your desktop screen.
6. Hit on “Continue”.
7. Open the “BTC” App on your Ledger device and thenyou will be able to see the receiving address for the BTC on your desktopscreen.
8. Click on the copy icon to copy your receivingaddress.
9. Now, log in to your Binance account.
10. Click on “Wallet”, located at the top right menu.
11. Hit on the “Fiat & Spot” option from thedrop-down menu.
12. Scroll down and select “Bitcoin (BTC)” from thelist of available cryptos and then hit on the “Withdraw” button.
13. Paste the address in the required text field thatyou have copied in Step 8.
14. Enter the amount of BTC in the “Withdraw Amount”text field that you would like to transfer in your Ledger crypto wallet.
15. Click on “Withdraw” and then on “Continue”.
16. In last, complete the verification steps to finishthe entire process.
We have mentioned below an easystep-by-step guide that will help you to make your first BTC purchase in yourLedger hardware wallet withina few simple steps.
1. Connect your Ledger Wallet to your laptop orcomputer.
2. Open Ledger Live App and unlock your Ledger modelwith your registered PIN.
3. Now, make sure that you have the Bitcoin App listedunder the “Apps Installed” tab for your BTC purchase.
4. Hit on the “Buy/Sell” tab, located at the left sidemenu of your screen.
5. Select the payment service provider from the listof available options and then click on “Continue”.
6. Click on the drop-down icon and select Bitcoin(BTC) from the list of available cryptos.
7. Hit on “Continue”.
8. Open BTC App on your ledger device.
9. Now, your Ledger App will show the “Get Started”page on your desktop.
10. Select your preferred fiat currency in the firsttext field and then enter the amount in the same field that you would like tospend for making your purchase.
11. Hit on “Buy Now” and then log in to your Coinifyaccount (if you have selected Coinify in Step 5).
12. Select your payment method and then click on the“Go to payment” button.
13. Confirm the address displayed on your desktopscreen exactly matches the one shown on your Ledger device.
14. In the last step, complete your payment andidentity verification process by following the on-screen instructions to finishthe entire process.
Overall, the entire process ofreceiving and buying cryptocurrency on Ledger Wallet is quick, easy, andstraightforward that can be done in just a few steps. But if you are unaware ofhow to do so, then follow the instructions mentioned by us in the abovesections of this blog.