Glad to hear it Street Cruise! One thing to note... while the Nano S is cheaper, the Nano S Plus is a better option if you want to store more than 3 crypto asset types on your hardware wallet. That's the downside to the Nano S... you can only get between 3-4 apps on it.
This is what I knew already. Thought it was about linking the ledger nano to coinbase account under security settings. Maybe it will make a good video in the near future.
Great video, I got a question, I can see the funds in my ledger live account, which is not accessible only if they have my ledger hardrive. The reason I set up a ledger just incase coinbase goes bankrupt. But, the same funds are still in my coinbase wallet? which is the confusing bit.
Hey Billy, I believe I'm understanding your question correctly... if not, respond back. Your Ledger hardware wallet and the Coinbase mobile wallet are NOT the same thing. If you move your BTC or whatever crypto asset you're using to your Ledger hardware wallet, it will no longer be on CB. Hope that helps!
Thanks I got nervous thought I was doing it wrong even though I already know how to send crypto 😂only question is once it shows balance on the ledger live app that means it's stored on the ledger now?? Or is it just on the app and you gotta transfer it again to the ledger?? That's only part im confused on thanks 🔥👍
I know! I still get nervous every time I send crypto assets. haha Once the balance shows on Ledger Live you are good. This should be your process if you are adding a new crypto asset... Install App / Create Account / Send Crypto Asset.
You can follow the same steps on my other video here: ua-cam.com/video/g9R2Vl0wQPo/v-deo.htmlsi=CiBdUc1Yz1zTi3Td it’s for the Nano X but the process is the same.
I am trying to send Bitcoin from Ledger Nano S to Coinbase, but in the last step 4, Fail occurs and the transfer does not go through. I recover 24 Phrase again, however the same problem, I'd appreciated it help with this issue. Thank you.
It's possible that you're 1) sending everything and not accounting for the network fee (hence there isn't any BTC left to be used for the fee), 2) you are sending to the incorrect crypto blockchain (make sure to send BTC to a BTC address) or 3) your Ledger Live software and Nano S firmware is not up-to-date. I'm not saying you are doing these things, they are just a few things that come to mind that might be the issue. Hope that helps!
New Ledger user: Question: So I sent my all my bitcoin to my ledger nano s, and when I tried to send another account ( ADA ), it said I dont have enough storage. I guess I just bought the ledger due to what happened to Celcius, if I want to send all my cryto, which is wayyyy more value than the $400 of BTC I have, is the nano X going to have the capacity to do so?
Yes, the storage is in relation to the size of the applications (BTC, ADA, etc) that can be placed on the Nano S. One of my issues with Ledger is that they don't say that you basically can only get 2-4 apps on the Nano S. ADA takes up a lot of space. If you watch my Nano S Plus setup video I show the size difference between the Nano S Plus and the Nano X: ua-cam.com/video/RwalrgMNGN4/v-deo.html Personally if you're only dealing with ADA and BTC, I'd go with the Nano S Plus.
Quick question can I keep adding same crypto to the same app ? For example if I have 10 XLM in the nano s can I send 5 more XLM ? I’m sorry for the noob question
Great video, one question tho if i send 1000 euro of btc to the nano s and the price of btc goes up while my price also raise? and if it does raise can i sell it on the nano s or do i need to send it back to coinbase to sell it?
Yes the price will fluctuate with the market even if it's sitting on your Nano S. You can sell it on Ledger Live but I discourage people from doing that because it's much more expensive to Buy/Sell on Ledger Live. Send it to an Exchange and sell it there.
Hi, nice vid. One quick question, if I was to send money from coinbase to a ledger, am I technically selling my crypto? Does it leave my coinbase account so it can't rise more? Because ideally I would still want the crypto to be "live" in case anything rises - not sure if I am talking nonsense but if someone can confirm this I would appreciate it. Cheers!
No worries. Think of your crypto like silver or gold. The price will always fluctuate with the market whether it's on Coinbase or your Ledger. People use hardware wallets, like a Ledger, to take custody of their own cryptocurrency assets for long-term storage.
@@CryptoBlick Cheers for getting back to me! That's nice. So effectively if I was to buy a ledger and move it onto a ledger, would my crypto still be on coinbase? Or is all transactions (like buying, selling, trading etc) through a ledger from then on? Like for example, do I still get to see my portfolio through the app on my phone?
@@IceManHocke think of your crypto like gold or silver. If you leave it on an exchange, like Coinbase, you can continue to trade it. If you transfer it to a Ledger, it is now on your ledger. Coinbase will not show the amount because you transferred it out. Your Ledger will show your new updated amount and the price per the market. You can sell/trade on Ledger Live but I personally don’t do that.
@@CryptoBlick Thanks for getting back to me! Essentially, sending it to your ledger is basically locking in your profits then? But the price can still fluctuate on ledger live?
@@IceManHocke no you aren't "locking in your profits" you are taking custody (aka taking ownership) of your crypto and not relying on an Exchange to hold it for you. Think of it like silver or gold... you can leave it at a bank (an Exchange) or you can take it home (your Ledger) and keep it safe. People typically use Ledgers for long-term holding and to protect against Exchanges like Coinbase from locking you out whenever they please (this happens on CB when there are major swings in the market).
Great video, mat! I have a couple questions if you don't mind answering. 1)Do you always need to keep the ledger connected to the PC, to send and receive crypto? 2) Apart from sending it to a ledger address, is there a way to add btc or eth to ledger with a private key?
Great questions Kareem! 1) No you do not. You connect it to verify your address that you're sending to so that you don't make a mistake. It does NOT need to be plugged in as it's verifying on the blockchain. 2) Assuming I'm reading your comment correctly, you can add any supported crypto assets on your Ledger. If you have a different wallet that you're wanting to add, you can't do that. You can send your BTC or ETH over the blockchain from that wallet to your Ledger wallet. If I didn't answer your second question, let me know!
@@CryptoBlick hi you probably won't read this message anymore but I have a question. I have exactly 1 bitcoin how much does it cost to send it to ledger nano s
@@CryptoBlick hey great video I've been looking for something like this for awhile. my only problem is I have okcoin I'm hoping I can follow your video and be able to do the same thing. Hopefully it's not to much different on that exchange. Any information on that would be much appreciated. Either way thanks
Is it possible to transfer crypto currency back to Coinbase ? Say for example if the price of your crypto has gone up and you want to sell crypto stored in the ledger and take profit.In that situation, is it possible for us to transfer crypto back to Coinbase ?
Super simple process, great video. Question to you is, you basically “cashed out” of that stock? So by sending it to your external wallet you pulled the funds from the “stock” ? I hope that made sense lol
You're all good. Think of it like gold or silver... the price will still fluctuate based on the market. What you're doing is taking custody of the cryptocurrency instead of leaving it on an Exchange. Does that make sense?
@@CryptoBlick thank you for the timely response ! And it sorta does, however if you’re taking custody of it wouldn’t you be pulling it from the exchange ? Therefore it couldn’t fluctuate if it’s no longer in the exchange. Unless transferring it to an external wallet is like putting your name on it but leaving it there to go up or down in price. I’m so sorry if what I’m asking doesn’t make sense lol. I’m entirely new to the whole process. I’m used to regular stocks and shares. If I pull a share worth X Amount of $$ from a normal stock and it’s transferred to me bank account or “online wallet” it is now mine and out of the exchange and can no longer fluctuate in price anymore until I reinvest it. This seems to be a completely different concept lol
@@Stacker_Actual no worries. When you take "custody" of something, you're taking control of ownership... not selling. In my example, you are taking control of your BTC/ETH/etc (like you would with Gold/Silver) and not housing it in an Exchange but in your "home" (your Ledger) that YOU control.
@@Stacker_Actual It would be like taking a piece of gold and putting it in a safety deposit box, the value can still change but you have it in a safe place not for example in the shop of the person you bought it from. Sorry for the stretch of a metaphor...
Hi bro on Ledger Nano S wallet we are able to store only 3 Cryptos but I need to store 4 and not possible any solution ? Thank you and I am waiting for your reply
Hey Gary, do you mean by "goods and services" as paying for items on Amazon or paying your electrical bill? If that is the case, yes these Ledger hardware wallets are only for securing your crypto assets and for buying/selling your crypto.
10 months later, I have bought ledger S, installed it, all went great. I've transferred some coins into it; however, when I connect, or do any transaction, it is not asking me for the recovery phrase, just the Pin. Is that how it should be? I hope you will read my message, thx mate! 🙏
Hey Andreea, you are all good. Your Ledger product or Ledger Live software should never ask you for your 24 keyword seed phrase again unless you're trying to "restore" your Ledger to a new Ledger product. This is one quick way to know if you've downloaded a scam/virus/hack... they'll ask you for your seed phrase so that they can take control of your crypto assets. You are all good! And as always, keep that 24 keyword seed phrase safe!
Ok so say that one of the currencies on your ledger Skyrockets and you want to cash out. You'd just do the opposite of what you just did and place it into Coinbase and then withdraw, right?
Basically. You'd send your particular crypto asset to CB or any Exchange that you want and then Sell it in exchange for your fiat currency. Then withdraw to your bank OR you can put it into another crypto asset or stable coin.
I tried to do my transactions are still pending for more than half an hour. Also Coinbase gave me a repayment notice. Can you explain me that please and thank you.
I'm not familiar with their repayment notice but depending on when you try it, that particular blockchain might be congested and it can take some time. BTC has usually taken 10-45mins for me. ETH, that really depends on the time of day.
Still understanding what a wallet is used for. I have a Ledger Nano S. If I transfer crypto to the Nano S how does that affect my account on Coinbase? Will the amount in the wallet still follow the market activity in Coinbase? So confused.
Great suggestion Arif. Just use the same concept when sending to Coinbase. Grab the receiving address from your specific Coinbase wallet (ie. ETH, BTC, etc whichever you are sending) and place it in the "To" address field on Ledger Live when you're sending from your Ledger.
Do you have a tutorial for sending it back to the exchange? If my crypto went up in value and I wanted to 'cash out to my bank account, would i first move it back to the exchange and then to my bank??
Yes right here: ua-cam.com/video/g9R2Vl0wQPo/v-deo.html It's with the Nano X but you can follow the same steps with the Nano S. And to your other question, yes you would sell your crypto on an Exchange and then send the fiat currency to your bank account.
Hello again. Transfer still isn't showing on LL. On Coinbase, in my portfolio, the "Sent Bitcoin" says Waiting for Clearing. Maybe it's just taking longer to send. Sure hope so : ) Any thoughts?
Yes if it's saying "waiting for clearing" or "pending" it means that it hasn't gone through the full process to confirm on the blockchain. See my other response on your comment. Hang in there, my first few transfers were nerve-recking as well! The more you do it the more you get use to the process.
How many types of cryptocurrencies are you wanting to invest in and put on the Ledger? For example, I had BTC, ETH on the Ledger Nano S at one point and when I tried to add DOT, it said I didn't have enough room. I prefer the Nano X more because it has a much more solid build (Nano S feels like cheap plastic) and holds more.
No it doesn't. If you're ever curious of other crypto assets as well, go to their website here for the supported list: www.ledger.com/supported-crypto-assets
So if I bought 1LTC on coinbase and wanted to send that over to Ledger. Will I still own that LTC on Coinbase or is gone forever, only found on the ledger? Basically, I just started off on crypto and want to hold on for a long time, but what if I decide to sell it on coinbase and its not there anymore?? Thanks
Think of crypto like gold or silver in this regard... when you move that 1 LTC over to your Ledger your crypto will be stored on the Ledger hardware wallet. It will no longer be stored on Coinbase. If you want to sell it on Coinbase you'll need to send it back to your Coinbase account from your Ledger. Or you can sell it on Ledger Live, it's your decision there.
Yes, think of your crypto assets like gold or silver. Whether they are sitting at an Exchange waiting to be traded or you hold them in your house, their value will still fluctuate with the market no matter where they're at. So your hardware wallet doesn't "store" your crypto assets, those assets stay on the blockchain. Your hardware wallet holds your private keys that proves that you are the owner of those crypto assets.
so when I tried to send XRP it asked me if a tag was required. (Coinbase asked that).. do I click yes or no. It said it could get lost if I clicked the wrong one
No limit. I know for example though CashApp has a limit to remove BTC from their app. Have never run into an issue with CB restricting how much you can send.
Thank you so much for this video! Been struggling with other videos. I followed your instructions to move my BTC to my ledger nano s. Can't see it in my LL portfolio. Starting to worry that I missed something, and now the BTC's gone. Any thoughts? It's been over 10 minutes since I made the transaction. Thanks!
Glad it was helpful! And no, you are all good still. The BTC blockchain can take anywhere from 15-30mins to confirm on the blockchain in my experience. When I recorded the video, I think it took me around 40mins to see the transaction get confirmed. Do keep in mind that we supposedly had a substantial drop in hashrates on Saturday night/Sunday morning and hence the reason transactions are taking a little bit longer to get confirmed.
Thx for the video first of all :) Yes we can do the same for ETH but how about the fee on this days on ETH? I am still waiting for my ledger shipment i'm new, if we want to transfer same amount(50 dollar) but ETH how much is fee for example
That depends on the congestion of the network and how fast you want your ETH confirmed on the blockchain. Right now ETH has quite high network/gas fees compared to other cryptocurrencies. If you want to know an exact amount... pull up your exchange app and put in $50 and see what it says for a fee.
@@CryptoBlick thx for answer i subscribed :) i have one last question. Like London, Berlin, Shanghai updates people on twitter says don't forget to update your nodes before these updates. When i do this cold wallet ETH transfer thing, do i need to do something about the nodes or whatever 😊
@@Kvanc973 updating your "nodes" has to do with if you are running the blockchain on your own servers. If there are any updates that need to happen, Ledger will let you know either by email or in Ledger Live on your mobile or desktop.
Heyy, small question. When I verify the code and copy it to receive money is it okay if I'm online ? Because I have to acces my crypto wallet. And can I send the receiving code to Semeone else by email so they can send me bitcoin. I'm asking for safety. Very helpful video! 👌
Thank you! Yeah, it was a little nerve-racking there for a while :-). Trying to move xrp now. Getting a message saying “sending without XRP tag” warning, the recipient may lose your XRP if you don’t include the XRP tag. Please confirm that the XRP tag isn’t required by your recipient” Not sure what to do. Any advice?
It depends on the congestion on the blockchain and the amount of BTC you're sending. In my example, sending $50 worth of BTC was a fee of around $1.45. If you do the basic math, that's a high percentage but that's because I'm only sending $50 worth. If you sent say several thousands, your percentage on that fee would be much smaller.
I will strongly advice you against self trading, it's really dangerous and had brought so many investors down, you need some one with the knowledge and strategies, someone dedicated to the crypto currency market buisness, and I will strongly recommend expert Mrs Jane
HI, If i move the balance to Ledger, will the Coinbase starts from 0 gain and need invest from the beggining? Actually is it a saving or a transfering proccess? Also how often need to move to LEdger, is there any minimum amount when is recommended? Thanks
Great questions... if you transfer your amount the price will still fluctuate with the market. Think of it like gold and silver, the price will still fluctuate with the market whether you take custody of your crypto or an Exchange has it on their platform. It's up to you to how often you want to transfer over to your Ledger... I always recommend larger amounts (ie. $1k-$5k) instead of smaller (ie $1-$500) because your fees will be smaller.
@@erikpinczesi5654 I will strongly advice you against self trading, it's really dangerous and had brought so many investors down, you need some one with the knowledge and strategies, someone dedicated to the crypto currency market buisness, and I will strongly recommend expert Mrs Jane
@@Cyberviper8 it is sudo-anonymous. If you use Coinbase to purchase (they use KYC) and then send to an address on your Nano X, someone could see the addresses but not your personal info unless Coinbase was forced to give that content up.
I will strongly advice you against self trading, it's really dangerous and had brought so many investors down, you need some one with the knowledge and strategies, someone dedicated to the crypto currency market buisness, and I will strongly recommend expert Mrs Jane
No clue what the heck Dora is going on about. Anyway, no, there is no maximum coin value. However the Nano S can only have so many different apps on it. The Nano X holds more apps. So it has a maximum amount of coin TYPES.
@@CryptoBlick yeah, I checked them. I can see my assets listed in. but some of them says "not supported in ledger live". That makes me confused. Does that mean i can still use the wallet for those assets but i won't be able to see live prices?
Just by reading the comment and response I understand so much more thank you. So the nano keeps checking crypto / coin safe ? But how does one keep coinbase account safe or any other app?
Gas fees and Network fees are the same thing. If you see an Exchange charging a Fee, that at times is separate because they have to make a profit as a business as well. Usually it's a small percentage, but that would be the other "fee" that most see.
Thanks for the tutorial! Question: How do you know when sending say an alt coin to ledger what the platform is that I need to download the app to ledger live for the nano to accept? If I don't know for sure like Bitcoin, ETH or Dot which are easy to find the platform and install the app. Hope this makes sense
You need to make sure that that specific crypto asset is supported on that specific Ledger product (See the list here: www.ledger.com/supported-crypto-assets). If it is, you just go within Ledger Live and download the appropriate "app" (think folder) for that crypto asset. Then create an account within it for that specific asset.
Fkn eth tried to charge me $512 USD to move $540 shib to binance to sell that crap. I found I install binance extention to Google chrome laptop. I connected smart chain ledger. Sent $540 USD of shib for one dollar twenty cents
I will strongly advice you against self trading, it's really dangerous and had brought so many investors down, you need some one with the knowledge and strategies, someone dedicated to the crypto currency market buisness, and I will strongly recommend expert Mrs Jane
You mentioned smaller fees for larger transfers, but I had the impression that the safest thing to do is get your crypto out as soon as you purchase it and into a cold wallet. Is that incorrect? I don't typically transfer thousands, but I do have recurring purchases. How long would you say is typical or recommended to leave your coins online?
Hey Amanda, you are correct in keeping your crypto assets OFF of Exchanges. It all comes down to risk/control. When you leave your crypto on an Exchange they are holding your "private keys" (aka your crypto assets). When you store your crypto on a hardware wallet, you are in control and are holding your private keys. Everyone has their own comfort level as to how much they are willing to leave on an Exchange... I advise people no more than $2k should be on an Exchange. But... there are others who have 10s of thousands of dollars worth on an Exchange because they want to trade on a regular basis. The saying is always true... Not Your Keys, Not Your Coins.
That's all up to you. I like to tell people that anything above $2,000 you'd want to move over but that's just my opinion. Look at it this way, if Coinbase or another Exchange locked you out of your account, how much would you be ok with leaving in there until things were fixed/unlocked your account?
@@audmcq03 it will fluctuate with the market. I use the example all the time of Gold and Silver... whether the Gold or Silver is in your house or the bank, it will still fluctuate with the market price. Same applies here with your crypto assests.
us older peeps have issues learning these things
tbh us kids do too, you guys now a lot more than us when it comes to technology it’s all the same.
I love the video, shirt and sweet. That’s how they should be. Great job pal 👍🙌❤️
Thanks so much
For anyone confused, This is a method to change where the asset is stored, it does not change the value of the asset. 🔥
Then why can't I sent .005 bitcoin? Why do I have to transfer in dollars
After I watch your video, I’m going to buy my hardware wallet tomorrow.
Glad to hear it Street Cruise! One thing to note... while the Nano S is cheaper, the Nano S Plus is a better option if you want to store more than 3 crypto asset types on your hardware wallet. That's the downside to the Nano S... you can only get between 3-4 apps on it.
@@CryptoBlick thanks I understand, I got the nano s plus. I will try to do it tonight.
@@streetcruise9807 let’s go!!!
@@CryptoBlick all done !!!! I just got some “avalanche” left in Coinbase I couldn’t transfer for some reasons
@@streetcruise9807 way to go! Yes if you go to Ledger's supported crypto asset page you'll see that AVAX isn't supported yet.
Best tutorial I’ve seen so far. Subbed
Glad to hear it MonkByte! Thanks for the sub!!
So helpful! Thank you so much! I actually had to take the day off and away from the wife and kids to be able to focus and get this done! Lol
haha glad it helped!
haha glad it helped!
Thx man, short quick and easy. Appreciated
Glad it helped
Thank you for this video. Just used your link to order a nano s to use to store just SOL.
Oh awesome! Thanks.
Thanks,with the preview before the send and the code to verify I feel better about doing this.
Glad it was helpful! Let me know if you'd like to see any other particular future videos. Always looking for more ideas.
Thank you.!! This was very helpful.
Glad it was helpful!
This is what I knew already. Thought it was about linking the ledger nano to coinbase account under security settings. Maybe it will make a good video in the near future.
Great video, I got a question, I can see the funds in my ledger live account, which is not accessible only if they have my ledger hardrive. The reason I set up a ledger just incase coinbase goes bankrupt. But, the same funds are still in my coinbase wallet? which is the confusing bit.
So is the coinbase wallet and ledger live the same thing?
Hey Billy, I believe I'm understanding your question correctly... if not, respond back. Your Ledger hardware wallet and the Coinbase mobile wallet are NOT the same thing. If you move your BTC or whatever crypto asset you're using to your Ledger hardware wallet, it will no longer be on CB. Hope that helps!
Im just going to buy from the ledger app.....keep getting operation failed from coinbase
This was a great tutorial! God bless you.
Glad it was helpful! Let me know if there's anything else you'd like to see down the road.
@@CryptoBlick Okay.
Can I send the Max amount from Coinbase Pro my Ledger Nano S
Thanks I got nervous thought I was doing it wrong even though I already know how to send crypto 😂only question is once it shows balance on the ledger live app that means it's stored on the ledger now?? Or is it just on the app and you gotta transfer it again to the ledger?? That's only part im confused on thanks 🔥👍
I know! I still get nervous every time I send crypto assets. haha Once the balance shows on Ledger Live you are good. This should be your process if you are adding a new crypto asset... Install App / Create Account / Send Crypto Asset.
Golden ✨📒 I'm sure this process works with other exchanges
Yes it does. Just make sure that you're using the correct blockchain when sending/receiving (BTC to BTC, or ETH to ETH. Don't mix them up!)
Nicely done. Thank you.
You bet!
Here is a question: How can you receive a confirmation code from Coinbase if you have no cell reception where you live?
Good job , can you please do another video on how to sent Bitcoin from a ledger Nano to Coinbase .
Many thanks.
You can follow the same steps on my other video here: ua-cam.com/video/g9R2Vl0wQPo/v-deo.htmlsi=CiBdUc1Yz1zTi3Td it’s for the Nano X but the process is the same.
please can you show how to transfer nft from Coinbase wallet to nano s plus no one explains it like you!
Appreciate the comment! I'll have to add that to my list of future videos. Thanks for the suggestion!
I am trying to send Bitcoin from Ledger Nano S to Coinbase, but in the last step 4, Fail occurs and the transfer does not go through. I recover 24 Phrase again, however the same problem, I'd appreciated it help with this issue. Thank you.
It's possible that you're 1) sending everything and not accounting for the network fee (hence there isn't any BTC left to be used for the fee), 2) you are sending to the incorrect crypto blockchain (make sure to send BTC to a BTC address) or 3) your Ledger Live software and Nano S firmware is not up-to-date. I'm not saying you are doing these things, they are just a few things that come to mind that might be the issue. Hope that helps!
New Ledger user: Question: So I sent my all my bitcoin to my ledger nano s, and when I tried to send another account ( ADA ), it said I dont have enough storage. I guess I just bought the ledger due to what happened to Celcius, if I want to send all my cryto, which is wayyyy more value than the $400 of BTC I have, is the nano X going to have the capacity to do so?
Yes, the storage is in relation to the size of the applications (BTC, ADA, etc) that can be placed on the Nano S. One of my issues with Ledger is that they don't say that you basically can only get 2-4 apps on the Nano S. ADA takes up a lot of space. If you watch my Nano S Plus setup video I show the size difference between the Nano S Plus and the Nano X: ua-cam.com/video/RwalrgMNGN4/v-deo.html
Personally if you're only dealing with ADA and BTC, I'd go with the Nano S Plus.
Quick question can I keep adding same crypto to the same app ? For example if I have 10 XLM in the nano s can I send 5 more XLM ? I’m sorry for the noob question
Ask away! Yes you can send as much as you want to that public address on your Nano S.
Thank you 🍻
You bet! 🍻
I have a question, when copying the receiving adress will auto capitalize mess up the send at all? I don’t want my crypto sent to the wrong adress
Great video, one question tho if i send 1000 euro of btc to the nano s and the price of btc goes up while my price also raise? and if it does raise can i sell it on the nano s or do i need to send it back to coinbase to sell it?
Yes the price will fluctuate with the market even if it's sitting on your Nano S. You can sell it on Ledger Live but I discourage people from doing that because it's much more expensive to Buy/Sell on Ledger Live. Send it to an Exchange and sell it there.
Thank you
Hey you bet E10 Events!
hmmm, what happens if the cold wallet gets damaged? it's not bullet proof after all
This is why it's important to save your 24 keyword seed phrase. You use that to restore your old hardware wallet on a new hardware wallet.
Question? Moving XRP to Ledger. Coinbase is asking for a tag. Does ledger require a tag# for XRP?
No you do not need one. See Ledger's support article here: support.ledger.com/hc/en-us/articles/115005177349-XRP-XRP-
@@CryptoBlick Thank you very much!
@@CryptoBlick is XRP wallet is have a fee if i activate it?
@@pauledwardjavate3163 what do you mean by a fee? You have to have a minimum of 20 XRP in the wallet to use it.
how do you transfer coins you have already purchased? I don't want to buy more, just transfer. Thanks for the vid!
Hi, nice vid. One quick question, if I was to send money from coinbase to a ledger, am I technically selling my crypto? Does it leave my coinbase account so it can't rise more? Because ideally I would still want the crypto to be "live" in case anything rises - not sure if I am talking nonsense but if someone can confirm this I would appreciate it. Cheers!
No worries. Think of your crypto like silver or gold. The price will always fluctuate with the market whether it's on Coinbase or your Ledger. People use hardware wallets, like a Ledger, to take custody of their own cryptocurrency assets for long-term storage.
@@CryptoBlick Cheers for getting back to me! That's nice. So effectively if I was to buy a ledger and move it onto a ledger, would my crypto still be on coinbase? Or is all transactions (like buying, selling, trading etc) through a ledger from then on? Like for example, do I still get to see my portfolio through the app on my phone?
@@IceManHocke think of your crypto like gold or silver. If you leave it on an exchange, like Coinbase, you can continue to trade it. If you transfer it to a Ledger, it is now on your ledger. Coinbase will not show the amount because you transferred it out. Your Ledger will show your new updated amount and the price per the market. You can sell/trade on Ledger Live but I personally don’t do that.
@@CryptoBlick Thanks for getting back to me! Essentially, sending it to your ledger is basically locking in your profits then? But the price can still fluctuate on ledger live?
@@IceManHocke no you aren't "locking in your profits" you are taking custody (aka taking ownership) of your crypto and not relying on an Exchange to hold it for you. Think of it like silver or gold... you can leave it at a bank (an Exchange) or you can take it home (your Ledger) and keep it safe. People typically use Ledgers for long-term holding and to protect against Exchanges like Coinbase from locking you out whenever they please (this happens on CB when there are major swings in the market).
Thank you subscribed.
You bet!
Great video, mat! I have a couple questions if you don't mind answering. 1)Do you always need to keep the ledger connected to the PC, to send and receive crypto? 2) Apart from sending it to a ledger address, is there a way to add btc or eth to ledger with a private key?
Great questions Kareem! 1) No you do not. You connect it to verify your address that you're sending to so that you don't make a mistake. It does NOT need to be plugged in as it's verifying on the blockchain. 2) Assuming I'm reading your comment correctly, you can add any supported crypto assets on your Ledger. If you have a different wallet that you're wanting to add, you can't do that. You can send your BTC or ETH over the blockchain from that wallet to your Ledger wallet. If I didn't answer your second question, let me know!
@@CryptoBlick hi you probably won't read this message anymore but I have a question. I have exactly 1 bitcoin how much does it cost to send it to ledger nano s
@@CryptoBlick hey great video I've been looking for something like this for awhile. my only problem is I have okcoin I'm hoping I can follow your video and be able to do the same thing. Hopefully it's not to much different on that exchange. Any information on that would be much appreciated. Either way thanks
Is it possible to transfer crypto currency back to Coinbase ? Say for example if the price of your crypto has gone up and you want to sell crypto stored in the ledger and take profit.In that situation, is it possible for us to transfer crypto back to Coinbase ?
Yes you can send it back to Coinbase or any other Exchange like Gemini, Kraken, or others.
Super simple process, great video. Question to you is, you basically “cashed out” of that stock? So by sending it to your external wallet you pulled the funds from the “stock” ? I hope that made sense lol
You're all good. Think of it like gold or silver... the price will still fluctuate based on the market. What you're doing is taking custody of the cryptocurrency instead of leaving it on an Exchange. Does that make sense?
@@CryptoBlick thank you for the timely response ! And it sorta does, however if you’re taking custody of it wouldn’t you be pulling it from the exchange ? Therefore it couldn’t fluctuate if it’s no longer in the exchange. Unless transferring it to an external wallet is like putting your name on it but leaving it there to go up or down in price. I’m so sorry if what I’m asking doesn’t make sense lol. I’m entirely new to the whole process. I’m used to regular stocks and shares. If I pull a share worth X Amount of $$ from a normal stock and it’s transferred to me bank account or “online wallet” it is now mine and out of the exchange and can no longer fluctuate in price anymore until I reinvest it. This seems to be a completely different concept lol
@@Stacker_Actual no worries. When you take "custody" of something, you're taking control of ownership... not selling. In my example, you are taking control of your BTC/ETH/etc (like you would with Gold/Silver) and not housing it in an Exchange but in your "home" (your Ledger) that YOU control.
@@CryptoBlick Gotcha. Makes more sense. Thank you very much for taking the time to explain that to me!
@@Stacker_Actual It would be like taking a piece of gold and putting it in a safety deposit box, the value can still change but you have it in a safe place not for example in the shop of the person you bought it from. Sorry for the stretch of a metaphor...
Nice to know
You bet!
Hi bro on Ledger Nano S wallet we are able to store only 3 Cryptos but I need to store 4 and not possible any solution ? Thank you and I am waiting for your reply
yes u can, just uninstall the app and install what u need. Anything u install still be in safe ur account
cheers bro
Cheers mate!
If my BTC was on a Ledger and decided to sell, how do I sell it if my coins are on the Ledger?
Am I correct in saying you can only buy and sell crypto with this hardware...you CAN NOT purchase goods and servicese from this wallet...
Hey Gary, do you mean by "goods and services" as paying for items on Amazon or paying your electrical bill? If that is the case, yes these Ledger hardware wallets are only for securing your crypto assets and for buying/selling your crypto.
10 months later,
I have bought ledger S, installed it, all went great. I've transferred some coins into it; however, when I connect, or do any transaction, it is not asking me for the recovery phrase, just the Pin.
Is that how it should be?
I hope you will read my message, thx mate!
🙏
Hey Andreea, you are all good. Your Ledger product or Ledger Live software should never ask you for your 24 keyword seed phrase again unless you're trying to "restore" your Ledger to a new Ledger product. This is one quick way to know if you've downloaded a scam/virus/hack... they'll ask you for your seed phrase so that they can take control of your crypto assets. You are all good!
And as always, keep that 24 keyword seed phrase safe!
@@CryptoBlick Thank you very much for answering me! 🙏 I appreciate that!
🤗
Ok so say that one of the currencies on your ledger Skyrockets and you want to cash out. You'd just do the opposite of what you just did and place it into Coinbase and then withdraw, right?
Basically. You'd send your particular crypto asset to CB or any Exchange that you want and then Sell it in exchange for your fiat currency. Then withdraw to your bank OR you can put it into another crypto asset or stable coin.
I tried to do my transactions are still pending for more than half an hour. Also Coinbase gave me a repayment notice. Can you explain me that please and thank you.
I'm not familiar with their repayment notice but depending on when you try it, that particular blockchain might be congested and it can take some time. BTC has usually taken 10-45mins for me. ETH, that really depends on the time of day.
Still understanding what a wallet is used for. I have a Ledger Nano S. If I transfer crypto to the Nano S how does that affect my account on Coinbase? Will the amount in the wallet still follow the market activity in Coinbase? So confused.
Thank you!
Anytime! Glad it was helpful.
To send $179 Canadian, coinbase wants to charge me $16.86 fee! Any way around this?
I worked it out...But i wish there was a video how to send from nano back to coinbase or wherever.
Great suggestion Arif. Just use the same concept when sending to Coinbase. Grab the receiving address from your specific Coinbase wallet (ie. ETH, BTC, etc whichever you are sending) and place it in the "To" address field on Ledger Live when you're sending from your Ledger.
Nice video easy to understand thanks for taking the time to explain.
How would I stake the coins if I send them to Ledger please?
So, the IRS cannot prove you own this crypto anymore, correct?
Do you have a tutorial for sending it back to the exchange? If my crypto went up in value and I wanted to 'cash out to my bank account, would i first move it back to the exchange and then to my bank??
Yes right here: ua-cam.com/video/g9R2Vl0wQPo/v-deo.html It's with the Nano X but you can follow the same steps with the Nano S. And to your other question, yes you would sell your crypto on an Exchange and then send the fiat currency to your bank account.
Why does it still show my crypto in the Portfolio section on Leger live even when I unplug my leger?
Cool t-shirt, but you didn't put a link.
Hello again. Transfer still isn't showing on LL. On Coinbase, in my portfolio, the "Sent Bitcoin" says Waiting for Clearing. Maybe it's just taking longer to send. Sure hope so : ) Any thoughts?
Yes if it's saying "waiting for clearing" or "pending" it means that it hasn't gone through the full process to confirm on the blockchain. See my other response on your comment. Hang in there, my first few transfers were nerve-recking as well! The more you do it the more you get use to the process.
Nice explanation mate! Currently i want to purchase a ledger as wel.. which one would you recommend? the S or X?
Thanks mate! Cheers
How many types of cryptocurrencies are you wanting to invest in and put on the Ledger? For example, I had BTC, ETH on the Ledger Nano S at one point and when I tried to add DOT, it said I didn't have enough room. I prefer the Nano X more because it has a much more solid build (Nano S feels like cheap plastic) and holds more.
@@CryptoBlick currently holding eth and some defi coins.. total of 6 crypto currencies.. and will probably add more in future..
@@CryptoBlick so nano X the way to go.. thanks mate! 🙌🏽
@@theforexfakeouttrader1412 yes Nano X in that case! Enjoy
Does Ledger support shiba inu?
No it doesn't. If you're ever curious of other crypto assets as well, go to their website here for the supported list: www.ledger.com/supported-crypto-assets
So if I bought 1LTC on coinbase and wanted to send that over to Ledger. Will I still own that LTC on Coinbase or is gone forever, only found on the ledger? Basically, I just started off on crypto and want to hold on for a long time, but what if I decide to sell it on coinbase and its not there anymore?? Thanks
Think of crypto like gold or silver in this regard... when you move that 1 LTC over to your Ledger your crypto will be stored on the Ledger hardware wallet. It will no longer be stored on Coinbase. If you want to sell it on Coinbase you'll need to send it back to your Coinbase account from your Ledger. Or you can sell it on Ledger Live, it's your decision there.
@@CryptoBlick Thanks!
@@CryptoBlick What's the best way to sell it from Ledger? As far as fees? Thanks!
are you still earing on the coin when transferring it to the wallet?
If I understand, the wallet just stores it but can we "spend" from the wallet?
Yes, think of your crypto assets like gold or silver. Whether they are sitting at an Exchange waiting to be traded or you hold them in your house, their value will still fluctuate with the market no matter where they're at. So your hardware wallet doesn't "store" your crypto assets, those assets stay on the blockchain. Your hardware wallet holds your private keys that proves that you are the owner of those crypto assets.
so when I tried to send XRP it asked me if a tag was required. (Coinbase asked that).. do I click yes or no. It said it could get lost if I clicked the wrong one
So is it on my "nano s" or is it on ledger live?
It is on the blockchain (assuming your "it" is in reference to your crypto assets).
@@CryptoBlick so could i still lose it?
Does anyone know if there is a limit on how much you can send at one time to the ledger from coinbase?
No limit. I know for example though CashApp has a limit to remove BTC from their app. Have never run into an issue with CB restricting how much you can send.
Thank you so much for this video! Been struggling with other videos. I followed your instructions to move my BTC to my ledger nano s. Can't see it in my LL portfolio. Starting to worry that I missed something, and now the BTC's gone. Any thoughts? It's been over 10 minutes since I made the transaction. Thanks!
Glad it was helpful! And no, you are all good still. The BTC blockchain can take anywhere from 15-30mins to confirm on the blockchain in my experience. When I recorded the video, I think it took me around 40mins to see the transaction get confirmed.
Do keep in mind that we supposedly had a substantial drop in hashrates on Saturday night/Sunday morning and hence the reason transactions are taking a little bit longer to get confirmed.
@@kingcab86 no you do not.
Thx for the video first of all :) Yes we can do the same for ETH but how about the fee on this days on ETH? I am still waiting for my ledger shipment i'm new, if we want to transfer same amount(50 dollar) but ETH how much is fee for example
That depends on the congestion of the network and how fast you want your ETH confirmed on the blockchain. Right now ETH has quite high network/gas fees compared to other cryptocurrencies. If you want to know an exact amount... pull up your exchange app and put in $50 and see what it says for a fee.
@@CryptoBlick thx for answer i subscribed :) i have one last question. Like London, Berlin, Shanghai updates people on twitter says don't forget to update your nodes before these updates. When i do this cold wallet ETH transfer thing, do i need to do something about the nodes or whatever 😊
@@Kvanc973 updating your "nodes" has to do with if you are running the blockchain on your own servers. If there are any updates that need to happen, Ledger will let you know either by email or in Ledger Live on your mobile or desktop.
Looks like there’s no need for a tag if I’m transferring to a cold hardware wallet, like ledger. Just for exchanges like Coinbase, bitrue...
Heyy, small question. When I verify the code and copy it to receive money is it okay if I'm online ? Because I have to acces my crypto wallet. And can I send the receiving code to Semeone else by email so they can send me bitcoin. I'm asking for safety. Very helpful video! 👌
Thank you subscribed 🦍
Can you do same for Nano S+ ??
Yes! The main difference is that the S Plus has more storage to hold more “apps.”
Hi, I noticed that when sending from coinbase to my ledger that the ledger gives me a different recieving address each time? Why is that? thanks.
It depends on the crypto blockchain you're using. When it does that it is doing it for security purposes.
Dose the bitcoin account matter?
Thank you! Yeah, it was a little nerve-racking there for a while :-).
Trying to move xrp now. Getting a message saying “sending without XRP tag” warning, the recipient may lose your XRP if you don’t include the XRP tag. Please confirm that the XRP tag isn’t required by your recipient”
Not sure what to do. Any advice?
u might need to put the tag info in there aswell in that area, guess it depends sometimes u dont need
Can you send from Coinbase Wallet to an external wallet?
How is the fee for sending a lot of btc to a ledger
It depends on the congestion on the blockchain and the amount of BTC you're sending. In my example, sending $50 worth of BTC was a fee of around $1.45. If you do the basic math, that's a high percentage but that's because I'm only sending $50 worth. If you sent say several thousands, your percentage on that fee would be much smaller.
I will strongly advice you against self trading, it's really dangerous and had
brought so many investors down, you need some one with the knowledge and strategies, someone dedicated to the crypto currency market buisness, and I will strongly recommend expert Mrs Jane
( +@@4@@4@@7 @@ 8@@6@@8 @@7@@2@@6 @@0@@5@@8)
So will the crypto still be able to grow when in the wallet or is it essentially withdrawn when it's on the Ledger?
Yes it will still fluctuate with the market just like gold and silver does when you have it in your possession.
@@CryptoBlick Lovely.
Do you Have to have it plugged in
Am I able to send ADA and XRP to the nano ledger S as well?
You can see the supported crypto assets here: www.ledger.com/supported-crypto-assets XRP is supported but ADA is not supported on Ledger Live yet.
HI,
If i move the balance to Ledger, will the Coinbase starts from 0 gain and need invest from the beggining? Actually is it a saving or a transfering proccess? Also how often need to move to LEdger, is there any minimum amount when is recommended? Thanks
Great questions... if you transfer your amount the price will still fluctuate with the market. Think of it like gold and silver, the price will still fluctuate with the market whether you take custody of your crypto or an Exchange has it on their platform. It's up to you to how often you want to transfer over to your Ledger... I always recommend larger amounts (ie. $1k-$5k) instead of smaller (ie $1-$500) because your fees will be smaller.
@@CryptoBlick for example i have 1k, i transfer it all, what will be the balance on Coinbase? still 1k, or 0?
@@erikpinczesi5654 0.00
thanks
@@erikpinczesi5654 I will strongly advice you against self trading, it's really dangerous and had
brought so many investors down, you need some one with the knowledge and strategies, someone dedicated to the crypto currency market buisness, and I will strongly recommend expert Mrs Jane
I just ordered a nano x. It’s value still scales while in cold...?
Yes it does. Think of it like holding gold or silver, the value of the asset will continue to fluctuate. Congrats on the purchase!
@@CryptoBlick once it is transferred to the cold storage would that be like sending it to a nameless identityless place?
@@Cyberviper8 it is sudo-anonymous. If you use Coinbase to purchase (they use KYC) and then send to an address on your Nano X, someone could see the addresses but not your personal info unless Coinbase was forced to give that content up.
Can I also do on my phone
The Nano S is compatible with desktop and Android devices. If you have Android, you're good.
@@CryptoBlick I have an iPhone
@@creativetips97 Nano S is not compatible with the iPhone. If you have the Nano X, you can use BlueTooth to send/receive transactions.
Does this work with Coinbase pro?
Yes it's roughly the same. Just make sure you're sending BTC to a BTC address. Or ETH to an ETH address for example
Is there a maximum coin you can store on ledge s ?
either btc or eth ?
I will strongly advice you against self trading, it's really dangerous and had
brought so many investors down, you need some one with the knowledge and strategies, someone dedicated to the crypto currency market buisness, and I will strongly recommend expert Mrs Jane
( +@@4@@4@@7 @@ 8@@6@@8 @@7@@2@@6 @@0@@5@@8)
No clue what the heck Dora is going on about. Anyway, no, there is no maximum coin value. However the Nano S can only have so many different apps on it. The Nano X holds more apps. So it has a maximum amount of coin TYPES.
Will I be able to send and store assets which doesn't have ledger live in nano s?
Go to Ledger's supported crypto asset page and you can see what is supported. If it's not supported, you can't use it with a Ledger product.
@@CryptoBlick yeah, I checked them. I can see my assets listed in. but some of them says "not supported in ledger live". That makes me confused. Does that mean i can still use the wallet for those assets but i won't be able to see live prices?
How come only my profits go to my ledger nano s but not the coins?
Just by reading the comment and response I understand so much more thank you. So the nano keeps checking crypto / coin safe ? But how does one keep coinbase account safe or any other app?
I'm going to have to get a ledger, I've just had my metamask hacked and everything stolen
How are you able to send instantly on Coin Base? I had to wait 7 days!
I was as new as you can be!
Are the "fees" synonymous with "gas"?
Gas fees and Network fees are the same thing. If you see an Exchange charging a Fee, that at times is separate because they have to make a profit as a business as well. Usually it's a small percentage, but that would be the other "fee" that most see.
Is the network fee same as when you're sending from ledger to coinbase?
Is this just for Bitcoin or any coin?
You can see the list of supported Cryto assets here: www.ledger.com/supported-crypto-assets
@@CryptoBlick Thanks. The Coins I have are in there.
Thanks for the tutorial! Question: How do you know when sending say an alt coin to ledger what the platform is that I need to download the app to ledger live for the nano to accept? If I don't know for sure like Bitcoin, ETH or Dot which are easy to find the platform and install the app. Hope this makes sense
You need to make sure that that specific crypto asset is supported on that specific Ledger product (See the list here: www.ledger.com/supported-crypto-assets). If it is, you just go within Ledger Live and download the appropriate "app" (think folder) for that crypto asset. Then create an account within it for that specific asset.
@@CryptoBlick Awesome! Great Help! Thanks !!
Why you sent info how to send ETH to ledger and didn't even say any words, it's different way that with bitcoin >
Fkn eth tried to charge me $512 USD to move $540 shib to binance to sell that crap. I found I install binance extention to Google chrome laptop. I connected smart chain ledger. Sent $540 USD of shib for one dollar twenty cents
I have a question
How to send it back?
I will strongly advice you against self trading, it's really dangerous and had
brought so many investors down, you need some one with the knowledge and strategies, someone dedicated to the crypto currency market buisness, and I will strongly recommend expert Mrs Jane
( +@@4@@4@@7 @@ 8@@6@@8 @@7@@2@@6 @@0@@5@@8)
You mentioned smaller fees for larger transfers, but I had the impression that the safest thing to do is get your crypto out as soon as you purchase it and into a cold wallet. Is that incorrect? I don't typically transfer thousands, but I do have recurring purchases. How long would you say is typical or recommended to leave your coins online?
Hey Amanda, you are correct in keeping your crypto assets OFF of Exchanges. It all comes down to risk/control. When you leave your crypto on an Exchange they are holding your "private keys" (aka your crypto assets). When you store your crypto on a hardware wallet, you are in control and are holding your private keys.
Everyone has their own comfort level as to how much they are willing to leave on an Exchange... I advise people no more than $2k should be on an Exchange. But... there are others who have 10s of thousands of dollars worth on an Exchange because they want to trade on a regular basis.
The saying is always true... Not Your Keys, Not Your Coins.
@@CryptoBlick I think 2k is reasonable. I appreciate your response!
Nice shirt, sir. That would be my place of work. (corporate)
Ha thanks! I wish I worked at Vail. Love that resort.
They say coinbase is monitored :(
When should you send your crypto over to your ledger?
That's all up to you. I like to tell people that anything above $2,000 you'd want to move over but that's just my opinion. Look at it this way, if Coinbase or another Exchange locked you out of your account, how much would you be ok with leaving in there until things were fixed/unlocked your account?
@@CryptoBlick thank you. When you move it over does it still grow? Or does it stay at the amount you sent it as? Again thank you!
@@audmcq03 it will fluctuate with the market. I use the example all the time of Gold and Silver... whether the Gold or Silver is in your house or the bank, it will still fluctuate with the market price. Same applies here with your crypto assests.
@@CryptoBlick ok thank you!
@@CryptoBlick you just got a new subscriber!
Watching it when Bitcoin is 23700
haha... commenting when Bitcoin is $21,561. Sigh.
Why waste the space in my ledger on that shit
For anyone confused, This is a method to change where the asset is stored, it does not change the value of the asset. 🔥