Basic questions about using Bitcoin and Ledger Nano S

Bitcoin Questions and AnswersCategory: General questionsBasic questions about using Bitcoin and Ledger Nano S
Oscar asked 3 weeks ago

I have a Coinbase acct.  I ordered a Ledger Nano S. Do I need to transfer my coins at Coinbase to a different wallet in order to use the Ledger Nano S?

1 Answers
Zsofia Elek Staff answered 3 weeks ago

Hi Oscar, you can send coins directly from Coinbase to Ledger, however that will have to be a different bitcoin address in Ledger not the one you have in Coinbase . A hardware wallet is a device that keeps your private key for you. Coinbase is a 3rd party wallet that holds your private key for you. Here you can read more about the different types of wallets

Your Answer

5 + 13 =

X