Complete Guide: How to Transfer Crypto from an Exchange to a Ledger Hardware Wallet

If you want to enhance the security of your crypto assets, storing them in a cold wallet is smart. Cold wallets — or hardware wallets like Ledger, which resemble a USB flash drive — are offline storage devices not connected to the internet. Because they’re isolated from online networks, storing your crypto in a hardware wallet is much safer than leaving it on an exchange, where the risk of hacking is significantly higher. Here’s how to transfer crypto from an exchange to a Ledger hardware wallet.

Set Up the Ledger Live App

Before transferring crypto from an exchange like Binance to a cold wallet, ensure your wallet supports the specific cryptocurrency you want to move. For example, the Ledger Nano X supports over 5,000 crypto coins, including Bitcoin (BTC), Ether (ETH), Ripple (XRP), and Tether USD (USDT).

To receive crypto into your Ledger wallet, you must first set it up using the Ledger Live app on your computer. Ledger Live is the official application used to manage your Ledger device. It helps you visualize and manage your crypto and NFT portfolio in one place.

Here’s how to set up Ledger Live before transferring crypto from an exchange to your Ledger hardware wallet.

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