How to buy and receive crypto assets via Ledger Live Wallet?

Heya! Crypto trader/investor. Have you recently purchased and set up your Ledger Nano X via Ledger Live Wallet but are now unaware of how to deposit crypto assets in it? If yes, then let me clarify that all you need is to buy crypto directly through your Ledger Live interface or receive crypto from another crypto platform in order to deposit it in your Ledger Wallet. If you want to know how then take a look at the further sections of this write-up.

In our further sections of this content, we will cover two easy instruction guides that will let you know about how to purchase and receive crypto assets in your Ledger Wallet through Ledger Live.

Instructions to buy crypto assets:

Follow the given below instructions to make your first purchase via your Ledger Live Wallet account.

  1. Open the Ledger Live App on your desktop.
  2. Connect your Ledger device and unlock it with the registered PIN.
  3. Select the crypto that you would like to buy.
  4. Click on “Buy/Sell” which you can find in the left menu bar.
  5. Choose a payment service provider to buy your preferred crypto asset. In this step, we are selecting “Coinify” as an example.
  6. Hit on the drop-down icon and select the asset that you wish to purchase.
  7. Now, suppose you have selected BTC in the previous step, so open the Bitcoin App on your Ledger hardware device.
  8. Enter the amount of your fiat currency in the Ledger Live Wallet interface that you want to spend for making your crypto purchase.
  9. Hit on “Buy Now” and then the Coinify log-in page will pop up on your screen.
  10. Now, log in to your Coinify account or create a new one if you have never used Coinify.
  11. Click on “Continue” and select your payment method from the list of available options.
  12. Lastly, you just need to follow the on-screen instructions to complete your payment and once your transaction is completed, you will receive the purchased amount of crypto in your Ledger Wallet.

Instructions to receive crypto assets:

Follow the below steps in order to receive crypto assets from another crypto platform in your Ledger Wallet via the Ledger Live interface.

  1. Launch the Ledger Live Wallet on your preferred OS.
  2. Connect and then unlock your Ledger device.
  3. Once you are on the home page of the Ledger Live interface, click on “Transfer” located at the bottom menu bar, and then on “Receive Funds”.  
  4. Select the account of the crypto asset that you would like to receive and then open the same app on your Ledger hardware wallet. For example, if you are going to receive Ethereum, then select the ETH account in your Ledger Live and ETH App in your Ledger device.
  5. Verify that the address shown in your Ledger device is the same as shown in the Ledger Live interface.
  6. Verify and then approve it on your Ledger device.
  7. Now, you can see the recipient address of your selected crypto asset in your Ledger Live Wallet.
  8. Lastly, copy the address and share it with the sender or use it as a withdrawal or sender address in your other crypto wallet.  

Bottom Line:

Overall, after navigating through the instructions mentioned above, I assume that you now understand how to purchase and deposit crypto assets in your Ledger via Ledger Live Wallet. In case you face any issues while doing so, then make sure that you are using the latest version of the Ledger Live App or the cable that you are using to connect your Ledger device is not damaged.