How to Transfer Crypto to Ledger Wallet
FULL TRANSCRIPT
how to send crypto to your Ledger
Hardware wallet this is going to work
the same for all of The Ledger devices
we need Ledger live on our computer or
our phone set up now if you're a
complete beginner and you don't have
this set up yet check the video down in
the description it's a complete
beginner's guide from start to finish so
you can watch that if you want we're
going to concentrate on actually getting
a crypto address to send crypto to our
ledger so plug your Ledger device in and
make sure it's open now we're going to
go to my ledger down here click this and
it's going to ask you to confirm
entering into my ledger on your device
so confirm that and click into here now
from here what we need to do
is add an account and install
applications so from here all you need
to do is look for the blockchain that
you want to add so if you want Bitcoin
or ethereum just come down here to these
on the right hand corner you can see
install so you need to install the
application for the blockchain that you
want to use if you have assets built on
top of a blockchain then you need to add
the underlying blockchain right so if
you have stable coins or you have nfts
you need to know which blockchain they
are on and then you can send them out so
if you have an nft built on polygon or
if you have a stable coin built on BNB
chain add that chain in right here
install it on the right hand side and
you should be you should see that
install and once it's installed then we
can go and add accounts accounts in
Ledger are like bank accounts you can
have multiple different accounts within
the same Ledger device they are all
linked to the same seed phrase so if you
want to recover them they're all going
to be linked to this Ledger device but
different accounts allow you to split
crypto for example into a savings
account that you don't touch or a
checking account that you use more often
so you can create one or multiple of
these accounts right hand corner click
add account then choose the asset that
you want to create an account for so
I'll choose BTC
I can press continue just accept this on
the device to create a new account it's
going to confirm on the device and it's
going to create that account for you now
you have an account with a wallet
address that you can receive to from
here all we need to do is press receive
and we get the wallet address that we
can use so come down to receive right
here it's going to have this pop-up then
choose the chain that you want to use so
simply for Bitcoin you choose the
Bitcoin blockchain it's as simple as
that now if you have another chain
choose the chain if you have another
asset built on that chain choose that
chain as well so if you can see I can
scroll down here I have binance Smart
chain and then I have a lot of assets
built on finance smart chain that I can
send in if you can't find the specific
asset that you want to send in just
choose the chain it's on because the
address is going to be the same no
matter what asset that you're sending so
just choose the chain that it's on if
you can't see the actual asset that you
want to send and it's going to give you
your wallet address for that chain so
click on this and then what you have to
do is press continue and then it says
open the app on your device so your
device has to be plugged in and it says
open app so on my device right here it
says open the Bitcoin app the app is
what we just downloaded so make sure
that you can open that app and now it
says Bitcoin app is ready as you can see
here and it's getting an address so the
address that it gives you is our deposit
address now what you can see here is
that we have the address and we can copy
it and it says view the shared address
matches the one on your device so on
your device right now the address that
you see on screen and the address that
you see on the device should be exactly
the same so just check that if you've
downloaded a fake Ledger or something
fake Ledger live or something else is an
issue and it's not the same cancel out
of this immediately unplug your device
but as long as they're the same you can
then go and copy this do not accept this
already do not press these buttons yet
because once you press these buttons
this address is going to disappear so
what I'm going to do is press copy on
this and I'm know that I've copied the
address and we can paste that in into
our exchange to send it out now we can
withdraw crypto from our exchange over
to the wallet address that we have so
I'll show you that I use buy a bit I'll
leave links to buy a bit and the other
exchanges I use down in the description
if you're looking for a crypto exchange
what we can do is go and withdraw so I
have a Bitcoin address so I'm going to
withdraw Bitcoin then I'm going to paste
my wallet address in right here and then
from there we can choose the chain type
for Bitcoin there's only one chain that
they support which is the Bitcoin chain
so we click Bitcoin uh the Bitcoin chain
and then we can choose an amount that we
send out to this wallet address you can
double check that it's exactly the same
address as well and then go through with
that withdrawal now if you have a
different type of asset like a stable
coin which is built on top of a chain
then you can withdraw so US dollar
tether withdraw choose the chain type so
again if you're sending it on a chain
you have to receive it on that same
chain so go back to your Ledger make
sure you have either ethereum or polygon
or whatever chain that you want to use
it is the same chain name that you
receive and send that's the same chain
and it's going to go through to that
address so choose any chain that is
supported within Ledger that you want to
use I would always suggest sending a
small amount first and eating the
transaction fees just to test that it's
all working and then once it's working
you can go with the full amount my
crypto course has 300 videos on how to
get yourself set up the right way with
crypto I'll leave that link in the
description if you want more info I'm
James it's my easy teachers for watching
and I'll see you in the next one
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