How to buy crypto on ledger live: How to Buy Crypto Through Ledger Live?
Thanks to several crypto platform partners, Ledger Live now offers for purchase more than 40 different cryptocurrencies from the top 50 market cap projects. Yes, you can sell crypto with your Ledger hardware wallet using Ledger Live. In the world of crypto, there is a famous saying, not your keys, not your crypto and with the likes of a hardware wallet you not only have control but these are also stored securely offline.
THE SMARTEST WAY TO SECURE YOUR CRYPTO
And Moonpay will prompt you to connect your Nano and confirm your Bitcoin address. So whilst you do also have to go through KYC procedures when buying with Ledger Live for the first time which is a bit trouble, the whole process only took around 5 minutes to complete. Although the available range of cryptocurrencies is quite wide, users who would like to buy other cryptos supported by their Nano S will have to buy them elsewhere, such as cryptocurrency exchanges.
Many may use multiple exchanges and even skip from one exchange to another but at the end of the day your hardware wallet is where most of your cryptocurrency should be stored anyway. In addition to Coinify, Ledger Live now also supports buying crypto through partners like Wyre , MoonPay, and BTC Direct. Then check your inbox for a verification code from Moonpay. Type that into Moonpay in Ledger Live, agree to the terms and conditions by ticking the box, then click Continue. If this is your first time using Moonpay you’ll need to do a quick KYC check. Just pause this video here, complete the verification steps, and come right back.
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For a tutorial on How to set up a Coinify account, see our section titled “How to register a Coinify account on Ledger Live“. If you are a new Nano X or Nano S user, you would need to set up your device first and install the Ledger Live software. See here for our Ledger Nano S setup guide and Ledger Nano X setup guide. Both providers offer the most popular tokens such as Bitcoin, Ethereum, USDT, Dogecoin, Polkadot, etc.
If you choose to buy with a debit or credit card you’ll need to fill in your bank card details and confirm the transaction. This confirmation process may vary depending on the bank and card issuer, but it’s pretty intuitive so just follow the steps on your screen. Confirm your order by checking your card details and Bitcoin account one last time, tick the box that authorizes Moonpay to debit your card, then click Buy now. When you see “Processing transaction”, Moonpay is processing your order and will send you the BTC asap.
When I made a minimum purchase of £50.15 of Bitcoin with Coinify, the network fee then also cost £0.95. You’ll then be prompted to Verify that the address sHown on the screen in Ledger Live matches the one on your Ledger device. To confirm, press the right button to select Approve, then both buttons to validate on your device. So, let’s jump into this guide on How to buy crypto with your Ledger hardware wallet and see if this is the right option for you to purchase your crypto. If you have a Ledger hardware wallet, you may not know you can also buy crypto directly from your Ledger device with the Ledger Live feature.
You can pay with either a bank card or with a bank transfer. Let’s do it securely through Ledger Live with our partner Moonpay. To get started, open the Ledger Live app on your computer, connect your Nano, and unlock it with your PIN.
On Ledger Live, enter your email and choose a password, then click “Create account”. When buying your crypto with Ledger Live you will be charged a fee by their third-party providers. Plus you will also need to pay a transaction fee which is paid to the miners. These are both variable, depending on the provider, currency, payment method and network congestion for the transaction fees. Enter the amount in fiat you want to spend in the top bar and you’ll see an estimate of How much Bitcoin you’ll receive in the bottom bar. Then press Continue.” In the next step, select the Bitcoin account you just created.
Spending his early years travelling between Ireland and England, Ross continues to travel & lives abroad with his family. Ledger Live is an easy-to-use gateway for managing your Ledger hardware device. It’s free to download and whether you’ve got a Nano S Plus, Nano X or Ledger Stax, they are all supported. If you are wondering, How to buy, swap, or exchange crypto using a Ledger? Don’t fear; Ledger has a solution for you using their Ledger Live feature.
Carefully match the address on your computer to the address on your Nano then scroll right and use the buttons to approve. Order your CL Card, powered by Ledger on the app and pay with your crypto whenever you want. The card is built to be compatible with your Ledger wallet. Once bought, your crypto will immediately be sent to the safety of your hardware wallet.
To get started with buying cryptocurrencies using your Nano S or Nano X, open up the Ledger Live application on your PC and go to “Buy crypto” on the sidebar. You can choose from 40+ different coins, including BTC and ETH . For the purpose of this guide, we will be demonstrating buying Bitcoin through one of Ledger Live’s partners, Coinify, but purchases using other partner platforms should work in the same way.
After hearing about Bitcoin back in 2013, Ross was initially put off thinking that he had missed his opportunity. However, in 2017 made his first purchase, now he buys & holds for the long term. While working as an IT project manager, he spent his spare time buying & refurbishing properties, and now runs an Airbnb business back in the UK.
Why Buy Crypto with Ledger?
The cryptocurrencies that you can buy on Ledger Live will all depend on the third-party provider you choose. With Ledger Live you can purchase your crypto direct with MoonPay or Coinify. If it’s your first time ordering you may then need to enter further details, to verify your identity but your funds will be reserved in the meantime. Choose Buy/Sell & Choose Provider From within Ledger Live, choose “Buy/Sell” on the left side of the screen. You will then be presented with 2 options for buying, which are via their 3 party providers; MoonPay or Coinify.
How to Buy Crypto on Ledger Live in 2023
To get started buying with Ledger Live, you’ll first need to ensure that you are running the latest version of Ledger Live and also that the firmware on your device is up to date. Ledger Live mobile application is fully compatible with the Ledger Nano X via Bluetooth connection. Ledger Live lets newcomers and crypto pros follow the market, manage and grow their DeFi portfolio, and support their favorite NFT maker by sHowing off their collection.
Then choose which account you want your cryptocurrency to be deposited to. Alternatively, you can add a new account for your cryptocurrency purchases- see our section titled “How to add new account for cryptocurrency purchases“. Select your cryptocurrency purchase and confirm the transaction.Because cryptocurrency prices do fluctuate, Ledger will lock in your purchase price and give you 15 minutes to complete the purchase. Enter your credit card details, double check your purchase details and click “Pay”. Your purchased cryptocurrency will be automatically deposited into your designated account on your Ledger device.
Michael Gu, Creator of Boxmining, stared in the Blockchain space as a Bitcoin miner in 2012. Something he immediately noticed was that accurate information is hard to come by in this space. He started Boxmining in 2017 mainly as a passion project, to educate people on digital assets and share his experiences. Being based in Asia, Michael also found a huge discrepancy between digital asset trends and knowledge gap in the West and China.
Confirm your email and locationProvide information on your residential address and How you plan to use your account. Join the Every Bit Helps mailing list to receive our newsletter & get access to the latest deals & to our Discord community. Well, it may be interesting to hear that you could save yourself on withdrawal by bypassing this step altogether instead of buying your crypto directly within the safety of your Ledger. You must have heard about centralised exchanges being hacked, and that fees on these exchanges can also be high, especially for withdrawal.
Coinify offers to purchase from anywhere and also allows payment via card or SEPA too However supports slightly fewer cryptos. MoonPay allows you to buy from anywhere, you can buy over 40 different cryptos, plus you can pay with a credit or debit card or via SEPA. With Coinify, the rate for credit/debit card payments in GBP is 4.25% with a minimum of £4.49.