The Ledger Nano S is a hardware wallet that currently supports 24 cryptocurrencies and is adding more each month. Once your Ledger Nano S is setup, this guide teaches you how to transfer bitcoin (or other cryptocurrencies) from an exchange to your Ledger Nano S. You can also learn more about the pros and cons of different bitcoin wallets, including the Ledger Nano S hardware wallet, in our Beginner’s Guide to Store Bitcoin. Let’s get started with this guide.
IMPORTANT NOTE: While the steps described in this Step-by-Step Guide still work, this Step-by-Step Guide is now outdated because Ledger launched its Ledger Live program to manage, send, and receive crypto-assets stored on the Ledger Nano S. You can learn how to send and receive cryptocurrency with Ledger Nano S from our comprehensive Step-By-Step Guide to Ledger Live.
Connect Ledger Nano S. Plug your Ledger Nano S into the USB port on your computer and enter your 8 digit pin code to gain access to your Ledger Nano S.
Install Ledger Manager. There are two applications in Google Chrome and one application on your Ledger Nano S that you must install to transfer bitcoin to a Ledger Nano S. The first is the Ledger Manager app in Google Chrome. If you have not already done so, install the Ledger Manager Google Chrome app and open it.
Install Bitcoin App. If you have not already done so, open the Ledger Manager Google Chrome app and install the bitcoin app to your Ledger Nano S. Simply press the green download button to install the bitcoin app to your Ledger Nano S.
Install the Ledger Wallet Bitcoin. If you have not already done so, install the Ledger Wallet Bitcoin Google Chrome app.
Open the Bitcoin App on Ledger Nano S. You have now installed everything needed to send bitcoin to your Ledger Nano S. Next, use the buttons on the top of the Ledger Nano S to scroll to the bitcoin app and press both buttons at the same time to open the bitcoin app.
Open Ledger Wallet Bitcoin in Google Chrome. Close the Ledger Manager Google Chrome app if it is still open. Then navigate to the apps page in Google Chrome and launch the Ledger Wallet Bitcoin app. To launch the app for transferring bitcoin at the lowest possible fees, choose “Bitcoin” on the opening screen and then “Segwit” on the second screen. To learn more about Segwit, visit our analysis of Bitcoin vs. Bitcoin Cash on Coinbase.
Copy the Bitcoin Address. Upon clicking receive, you will see a popup window in the Ledger Wallet Bitcoin App displaying a bitcoin address. This is the bitcoin address you will use to send bitcoin to your Ledger Nano S. Copy the displayed bitcoin address.
Visit Withdrawal Page. For this example, we will withdraw bitcoin from the Gemini exchange to the Ledger Nano S. Choose “Transfer Funds” -> “Withdraw from Exchange” -> “BTC” to navigate to the bitcoin withdrawal page on Gemini. Other bitcoin exchanges will have withdrawal pages similar to Gemini’s.
Paste Bitcoin Address. Next, fill in the bitcoin address that you previously copied into your exchange withdrawal page. In Gemini, for example, just paste the bitcoin address into the section for “Destination Address.” Always double-check that the address you pasted into your exchange is the same as the address listed on the receive page in the Ledger Wallet Bitcoin app.
Choose Amount & Send. Finally, choose the amount you want to transfer to the Ledger Nano S and proceed with the transfer. In Gemini, for example, just hit the button “Review Withdrawal” to confirm the details of your transfer and enter your Gemini two factor authentication code to complete the transaction.
Congratulations! You just sent bitcoin from your exchange to the Ledger Nano S. Your pending transactions, completed transactions, and bitcoin balance are viewable in the Ledger Wallet Bitcoin App in Google Chrome. Depending on the status of the bitcoin network, it may take time for the Ledger Wallet Bitcoin App to reflect the transaction. You can also transfer other cryptocurrencies supported by the Ledger Nano S from a cryptocurrency exchange to your device following a similar process to the one described here.
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