The Ledger cold wallets are the most popular hardware wallets for storing crypto securely off-chain. Many people prefer to store their crypto assets on their own wallets rather than an exchange wallet which is considered less safe as exchanges are hackers’ hotspots.
There are now more people buying Ledger devices to store their crypto than ever before! However, it seems that some of these users face the challenge of not being able to add BTC to their Ledger Nano S wallet. If this is you, don’t stress!
Today, we will show you the method of how to add BTC to your cold wallet. Please note, that this method is adaptable to add any crypto. Here, we go!
Solution
Make sure you are using the latest version of Ledger Live.
Step #1: Launch the Ledger live app, connect your Ledger wallet to your computer, and open the Bitcoin app on it.
Step #2. Plugin your Ledger Nano to your device (PC/mobile) and unlock it using your PIN code.
Remember: Don’t share this PIN with anyone because using this PIN, anyone can get into your Ledger Nano if they have access to the device.
Step #3. Once your Ledger device is connected, open Ledger Live, click on Accounts, Click on Add Account, and select Bitcoin from Crypto assets.
Step #4. After you have selected ‘Bitcoin’, click on Continue. On the next screen, the Ledger live app will check if your device is connected or not. You will see a screen like this:
Step #5: Click on continue and within seconds it will sync your wallet with Blockchain. It will check if you have previously created an account or not. Just so you know, you can have multiple Bitcoin accounts using one Ledger device. Under “Add new accounts”. You can also rename the account to give it a meaningful name.
Step #6: The above step will add a Bitcoin account to your Ledger live app. Now, click on accounts, and select the account that you just created.
Step #7: Click on receive and this will show you your Bitcoin receiving address. Now, this is the address on which you need to transfer the Bitcoin from anywhere else to your Ledger Bitcoin wallet.
Step #8: Click ‘Receive’ as shown in the image below to see this screen where a pop-up will prompt you to select your ‘Account To Credit’. Now click on ‘Display Address On Device’ option as shown above. If you look closely, there is a note that says: only receive funds on this address if it matches the one displayed on your device.
For this, please verify if the address is shown in your Ledger app and the address is shown on your actual hardware device is the same. Once both are verified and matched you are good to go ahead.
Step #9: Once addresses are matched it means the address shown is safe to receive BTC.
Step #10: Now you can scan the QR code in step #8 from your mobile wallet or copy-paste the address shown in the ledger app where you want to receive your bitcoins.
Step #11: Now once you have scanned the QR code or put the copied address and just hit send from your wallet. And now wait for the transaction to reflect on Blockchain explorer.
Conclusion
Adding BTC for the first time to cold storage is exciting but also requires a bit of focus as the process can be a bit tedious Though, with this tutorial, at hand, you should now be able to add your BTC or any other crypto using the steps outlined here. If you have any doubts, you can always leave a comment below, or contact Ledger Labs.
