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How to withdraw money from Ledger wallet

Aug 23, 2024 pm 03:51 PM
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Ledger wallet withdrawal method: Connect the Ledger wallet and unlock it. Select the withdrawal currency. Enter the withdrawal address. Set the withdrawal amount and fee rate. Verify and sign the transaction. Wait for the transaction to complete.

How to withdraw money from Ledger wallet

Ledger wallet withdrawal method

Step 1: Connect Ledger wallet

  • Use a USB cable to connect the Ledger wallet to your computer.
  • Open the Ledger Live app on your computer.
  • Enter your PIN to unlock the wallet.

Step 2: Select the currency for withdrawal

  • In the Ledger Live interface, select the currency you want to withdraw.
  • Ledger currently supports Bitcoin, Ethereum, Litecoin and multiple other cryptocurrencies.

Step 3: Enter the withdrawal address

  • In the withdrawal window, enter the external wallet address you want to send funds to.
  • Please be sure to double check that the address is correct as funds sent to the wrong address cannot be retrieved.

Step 4: Set the withdrawal amount

  • Enter the amount you want to withdraw.
  • Ledger will display transaction fees and you can adjust the fee rate here.

Step 5: Verify and Sign Transaction

  • Ledger will display the transaction details on the Ledger screen.
  • Check the transaction information carefully to make sure everything is correct.
  • Press both buttons on the Ledger screen to confirm the transaction.

Step 6: Wait for the transaction to complete

  • The transaction will be processed on the blockchain.
  • You can track transaction status in Ledger Live or using the blockchain explorer.
  • Depending on network congestion, it may take a few minutes to a few hours for the transaction to be completed.

Tip:

  • For increased security, enable secondary verification on Ledger.
  • Update Ledger firmware and Ledger Live app regularly to ensure maximum security.
  • Back up your Ledger recovery phrases before withdrawing, just in case you lose or damage your device.

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