Ledger Live is not just a crypto wallet but a storehouse of features that you may not find with other wallets. However, the primary reason why we use this wallet is to store crypto assets in it. But, if you are a beginner with the Ledger live wallet, then I am sure you must be looking for some detailed guidelines on using its widespread features. In my opinion, the first thing that you should learn after setting up your wallet is the procedure to receive crypto assets into your wallet.
As you can easily guess from the title of this read, we are going to learn how you can find or generate receiving addresses for different crypto assets. We'll not only guide you on how you can generate a receiving address but also guide you on the process of receiving crypto assets in your wallet.
Since Ledger Live Wallet supports a wide range of crypto assets, you can choose which crypto asset you would like to fund in your crypto wallet. You can choose to deposit Bitcoin (BTC), Ether (ETH), BNB, and Solana (SOL). You can also transfer crypto assets directly from different crypto exchanges such as Uphold, Coinbase, Kraken, and Binance.
Steps to receive crypto assets on Ledger Live Desktop
If you are using the Ledger Live wallet desktop version, then you can follow the steps that are listed below. So, after setting up your wallet, here are the steps you can go ahead with:
- Open the Ledger Live interface and select the "Receive" button on the left side
- Use the drop-down to choose your preferred account to credit assets and click "Continue"
- Then, you can connect and unlock your Ledger device
- Further, open the crypto assets app and then hit the "Continue" option
- Now, go through the on-screen instructions and choose "Verify"
- Verify the same address as shown on both screens (Ledger Live wallet and your Ledger device)
- Make sure that you copy and paste the address to avoid any chances of error
- Lastly, approve the given address and copy it to receive assets at this address
Receiving crypto assets on Ledger Live Mobile
Whether you are residing in Italy or any other part of the world, you can follow the same procedure for receiving assets in your crypto wallet:
- Open the Ledger Live Wallet mobile app and select "Transact"
- Choose the "Deposit" option and then choose the crypto asset that you want
- Now, choose an existing account or create a new account to receive crypto in it
- Further, you can go through the given instructions and then choose "Verify my address" so that the receiving address can be displayed
- Then, you need to open the crypto app on your Ledger device
- View and verify the address on both screens or copy it to receive the assets
Conclusion:
Receiving crypto assets or funding your Ledger Live wallet is not rocket science. All you need to do is follow some easy set of steps to fetch your receiving address. After finding your receiving address, you can then receive crypto assets in it by sharing and using it on your crypto exchange or another crypto wallet.
