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Are there any tips or recommendations for sending Stellar to a Ledger Nano S from Binance?

avatarPeter FisherDec 26, 2021 · 3 years ago1 answers

I am planning to send my Stellar (XLM) tokens from Binance to a Ledger Nano S. Are there any tips or recommendations I should keep in mind for this process? What are the best practices to ensure a smooth and secure transfer?

Are there any tips or recommendations for sending Stellar to a Ledger Nano S from Binance?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we recommend the following steps for sending Stellar (XLM) to a Ledger Nano S from Binance. First, ensure that your Ledger Nano S is set up and ready to receive Stellar tokens. Make sure you have the Stellar app installed on your device. Next, log in to your Binance account and navigate to the 'Funds' tab. Search for 'Stellar' and click on 'Withdraw'. Enter your Ledger Nano S Stellar address in the 'Address' field. Double-check the address to avoid any errors. Enter the amount of XLM you want to send and click on 'Submit'. Binance may ask for a verification code or email confirmation to complete the withdrawal. Once the withdrawal is processed, you will receive a confirmation email. It's important to note that the transaction may take some time to be confirmed on the Stellar network. You can track the progress using the transaction ID provided by Binance.