This post will help you know how to transfer Ripple to Ledger Nano S, X or Blue. If you own a Ledger Nano hardware wallet and want to cold store XRP in it then this tutorial will help you do so.
XRP is not a decentralized cryptocurrency but still it’s performing well. As of now, there is no better way to store Ripple than a hardware wallet. There are very few resources available on internet to guide a newbie on how to store Ripple safely.
Therefore some Ripple investors are struggling to find the best way to store their XRP. One can create Ripple paper wallet using GateHub but it’s a bit technical and risky.
Therefore, if you own XRP then you left with only one choice and that is hardware wallet – so far safest way to keep cryptocurrencies safe. You’re reading this post, it means you already own Ledger Nano S cryptocurrency hardware wallet. And you want to know how to store Ripple on Ledger Nano S.
In this post, I’m going to walk you through how to transfer Ripple to Ledger Nano S using Ledger wallet Ripple application.
It’s a very easy process, all you need to do is just setup Ledger wallet Ripple application and then copy your Ripple wallet address and send your XRP from your exchange to your Ledger wallet.
Ledger team has launched a brand new application for PC and smartphones call Ledger Live. This app lets you manage your crypto assets easily. Let me show you step by step how to send Ripple to Ledger Nano S, X or Blue.
Transfer Ripple to Ledger Nano S using Ledger Live app
What are we going to do to transfer Ripple to Ledger Nano S/X/Blue?
- First we’ll install Ledger Live app.
- Then we will install XRP app and generate Ledger wallet Ripple address.
- Next we’ll copy our Ledger Nano Ripple address.
- Finally we’ll visit our exchange where we have stored our Ripple and then we will send our XRP to our newly generated XRP address.
Let’s put this into life.
No matter which hardware wallet you own be it Ledger Nano S, X, or Blue, to store Ripple on Ledger Nano wallet, first of all, visit Ledger wallet applications page and download and install Ledger Live app.
After installing Ledger Live app, set a login password. Now to send Ripple to Ledger Nano S, from the sidebar of Ledger Live app, click on Manage.
Then you’ll be asked to connect your Ledger device to your computer. Just connect your Ledger wallet to your computer and then confirm selection from your hardware wallet too.
Thereafter, from the list of apps, click on Install next to XRP. This will generate a Ledger wallet Ripple address for you to send and receive the coins.
Once wallet gets installed, click on Receive (from the sidebar). Then from the pop-up window click on down arrow and select XRP wallet.
Press Continue button.
Simply, connect your Ledger device to your computer and then use left and right buttons and highlight Ripple wallet. Then, press both buttons together to connect it to your Ledger wallet.
Click on Continue.
Now again click on continue button and then match XRP address on both screens, on your Ledger Live and Ledger wallet (it’s very important step). If both screens are showing same address then click OK button from your hardware wallet.
Thereafter you will see your XRP address. Copy it.
Now, we’ve to go to our exchange where we’re storing our XRP. In the next steps, I’m going to use Koinex exchange’s screenshots. If your exchange is different then don’t worry steps will remain be the same.
Log in to your exchange and go to send/withdraw Ripple section. Thereafter, click on Withdraw/Send Ripple button.
Now, enter volume that you want to send. Note: Send more than 20 XRP because to book a Ripple wallet, it’d have minimum 20 XRP. If you send less than 20 Ripple than you’ll not receive your XRP and your transaction will be failed.
Note: First, send a small amount say 25 to verify your Ripple wallet address. Once you receive your sent XRP then move all of your Ripple to your Ledger wallet Ripple application.
Next, in the destination wallet address field, paste Ripple wallet address that we’ve copied from our Ledger device.
Ripple Destination tag, it’s a very important thing if you do not enter a right Ripple destination tag then you may end up losing your coins. As of now, Ledger wallet Ripple application does not have destination tag for Ripple therefore you’ve to follow the instructions given by your exchange for example in the above screenshot, my exchange has advised me to enter 123456 if my XRP wallet does not have a Ripple destination tag. In case of Coinbase, let XRP destination tag field as it is (do not enter anything) and after entering the payment details, press Continue button. Thereafter, a dialog box will appear on your computer screen, just click ‘Skip XRP Tag’.
If you’re seeing Remarks field then you can enter any text there. It’s not that important. This field helps you recognize your transactions easily.
After entering all the details, click on Next/Send/Submit button.
In the next step, you’ll be asked to enter two step authentication password, if enabled.
That’s it. You’ve successfully moved Ripple to Ledger Nano S, X or Blue.