What are the steps to move coins from Coinbase Pro to a Ledger device?

Can you please provide a detailed explanation of the steps required to transfer coins from Coinbase Pro to a Ledger device? I want to ensure that I do it correctly and securely.

1 answers
- Moving coins from Coinbase Pro to a Ledger device is a straightforward process. Here's what you need to do: 1. Open your Ledger Live application and connect your Ledger device to your computer. 2. In the Ledger Live application, click on 'Accounts' and then select 'Add account'. 3. Choose the cryptocurrency you want to transfer from Coinbase Pro. 4. On Coinbase Pro, go to the 'Withdraw' section and select the cryptocurrency you want to transfer. 5. Enter the address of your Ledger device as the withdrawal address. 6. Specify the amount of coins you want to transfer and confirm the transaction. 7. Wait for the transaction to be confirmed on the blockchain. That's it! Your coins should now be safely stored on your Ledger device.
Mar 22, 2022 · 3 years ago
Related Tags
Hot Questions
- 83
What are the advantages of using cryptocurrency for online transactions?
- 63
How does cryptocurrency affect my tax return?
- 61
How can I buy Bitcoin with a credit card?
- 58
What are the best practices for reporting cryptocurrency on my taxes?
- 55
Are there any special tax rules for crypto investors?
- 46
What are the tax implications of using cryptocurrency?
- 36
What is the future of blockchain technology?
- 28
How can I minimize my tax liability when dealing with cryptocurrencies?