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Has ledger Suite replaced the ledger hardware wallet?

Are you an owner of a ledger device and also a beginner trader in the world of crypto, but you don’t know how to set up it? If yes, then by keeping an eye on several cyber-attacks, we are here to help you to move your cryptos from your software wallet to ledger for a secure and reliable way to store and manage them.

If you have already tried to use ledger Wallet, but facing difficulty in finding a tutorial on how to download and use ledger hardware wallet, then we want you to clarify that it is no more available. ledger Suite has replaced the ledger hardware wallet. And if you want to learn how to use it and the steps to transfer cryptos from your centralized exchange account, then dive with us in our further sections of this blog.

In our further content, we will cover some topics such as an introduction to ledger Suite and steps to transfer crypto through ledger Suite from your centralized exchange account.

Introduction to ledger Suite:

ledger Suite is the platform that allows its users to securely manage and store their cryptocurrencies. Since its launch, it has taken the place of ledger Bridge and ledger hardware wallet and now it is considered as one of the best ways to interact with ledger Device because of its easy-to-use interface. Along with that, it also allows crypto enthusiasts to buy and sell a range of available cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Cardano (ADA), and more.

Steps to transfer crypto through ledger Suite from your centralized exchange account:

We have mentioned below an easy step-by-step guide that will help you to move your digital assets from your centralized exchange account to your ledger through ledger Suite.

Note: We are taking the Binance Exchange as an example for completing our further steps. And make sure that you have set up your wallet on ledger Suite before starting the further steps. You can set up your device on Suite by following the similar step as it was for ledger hardware wallet.

1. First of all, plug in your ledger Device to your computer or laptop and then launch ledger Suite.

2. Unlock your ledger by entering your valid PIN.

3. Once you are logged in to the ledger Suite interface, select the crypto account where you want to receive your digital assets.

4. Now, hit on the “Receive” tab which is located at the top right menu bar.

5. Click on the “Show full address” tab and then cross-check that the address is the same as shown on your ledger device screen.

6. After cross-checking the address, you have to copy it.

7. Now, log in to your Binance account.

8. Select “Wallet” in the top menu bar and then hit on the “Fiat and Spot” option.

9. Click on “Withdraw” and then select the crypto through the drop-down menu that you wish to receive in your ledger .

10. Paste the address that you have copied in Step 6 and then select the correct network.

11. Enter the amount in the required field that you would like to receive in your ledger .

12. In the last step, hit on “Withdraw” and follow the on-screen instructions to finish the entire process.

Bottom Line:

Overall, navigating through the ledger Suite and the entire process of transferring crypto from a centralized exchange to ledger Wallet is quick and simple as it was in ledger hardware wallet. But if you are unaware of how to do so, then follow the steps mentioned by us in the above sections of the blog.