Ledger Nano S Usage Guide for Binance Chain (2024)

Ledger Nano S Usage Guide for Binance Chain (1)

5 min read

·

Dec 24, 2019

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This guide will show you how to use your Ledger Nano S hardware wallet with Binance Chain and Binance DEX.

Please Note: When using a Ledger to secure your Binance Chain wallet your private keys are not exposed and never leave the device, guarding you against loss, malware and phishing attacks. Therefore, using a hardware wallet device such as the Ledger Nano S is strongly recommended over using a less secure wallet storage method that relies on your computer’s local storage, such as Keystore File.

App Installation Instructions

1) Plug in and unlock your Ledger device, open Ledger Live on your computer, then open the “Manager” pane.

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2) Within the “Manager” pane, type in “Binance” in the search field. Locate “Binance Chain”, then click on “Install”.

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3) The Binance app will now install on your Ledger device.

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4) When you see a popup message indicating “Successfully installed Binance Chain”, the installation is complete.

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5) Check that the “Binance Chain” app is shown on your Ledger device dashboard as in the photo below. If it is, the installation has been successful.

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Setup/Login Instructions

  1. Visit the binance.org website and click on the “Connect Wallet” link on the top right part of the page.
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2. Select the “Ledger Device” unlock option on the left sidebar.

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3. Connect your Ledger device to your computer.

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4. Enter your PIN code to unlock your Ledger device.

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5. Select the Binance Chain app on your Ledger device.

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6. Click on the “Connect to Ledger” button on the site you opened earlier in your browser to enter the Binance DEX.

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7. After a few moments, you will be presented with a list of available addresses on your Ledger device. Choose one to use for this session and click on “Confirm”. You will then be redirected to the Trading Interface.

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8. For your security, please read the information displayed in the following popup and confirm that the address shown on your Ledger device matches the one shown on-screen. Press the right button on your device to confirm that the address matches. You must do this to continue.

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  • View balance

Click on the “Balances” navigation button in the Trading Interface to view your account balances.

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Your account balances are displayed.

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Or you can click on “Balance” Button to see your account info

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  • How to receive Binance Chain crypto assets

Place your mouse on profile icon, then your wallet address used to receive Binance Chain crypto assets is shown. You may also view it in QR code form or copy it to your clipboard.

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  • How to send Binance Chain crypto assets

1) Click on the “Balances” navigation button in the Trading Interface to view your account balances

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3) You’ll see a pop-up screen entitled “Send Asset” similar to as shown below. Fill in the details of the transaction details: asset, recipient’s address, amount to be sent, memo (note). Then click “Next”.

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5) Check to make sure all the details are accurate, then click “Send Transaction”.

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6) You’ll see this pop-up to ask to to sign the transaction on your Ledger. Take a look at your Ledger

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7) You’ll see this screen on your Ledger. You can scroll through the preview pages using the left and right buttons to review the transaction details.
Please make sure that all of the information shown on these screens matches exactly what you want to be sent to the blockchain.

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8) Once you have previewed the transaction, press both buttons and you may choose to sign (confirm) it. You may also scroll down to preview the transaction details again or reject the transaction. To sign the transaction, press both buttons simultaneously with the “Sign transaction” option selected to confirm this transaction. It will then be sent back to the web wallet in your browser, which will broadcast it to the blockchain.

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9) Once the transaction has successfully been signed and broadcasted, your Ledger device will display this screen.

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9) You’ll also receive a confirmation pop-up in the top of your computer screen. Your transfer is now confirmed and complete.

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Please visit the Binance Chain/DEX community forums at https://community.binance.org if you experience any problems or have questions about using your Ledger device with Binance Chain and Binance DEX.b

Ledger Nano S Usage Guide for Binance Chain (2024)

FAQs

How do I use my Ledger wallet with Binance? ›

Connect your Ledger device to Binance Wallet
  1. Navigate to the Binance Wallet Chrome Web Store and click Add to Chrome.
  2. Open the Binance Wallet Extension and select Use existing wallet.
  3. Select Connect Hardware Wallet.
  4. Select BNB Beacon Chain Network.
  5. Open the Binance Chain app on your Ledger device.
  6. Click Connect.

Does Ledger support Binance Smart Chain? ›

The Binance Smart Chain (BNB Chain) app is developed and supported by Ledger.

Should I store all my crypto on Ledger? ›

Ledger is the easiest and safest way to secure crypto, digital assets, and your peace of mind.

How do I use Ledger Nano S for Bitcoin? ›

Add a Bitcoin account to Ledger Live with your Ledger device
  1. In Ledger Live, navigate to the 'Accounts' tab and select '+ Add account'.
  2. In the drop-down menu, select Bitcoin (BTC) and click on 'Continue'.
  3. You will then be prompted to open the Bitcoin app on your Ledger device by using its buttons.
Jul 6, 2024

How to withdraw crypto from Binance to your Ledger wallet? ›

How to withdraw crypto from Binance to your Ledger wallet
  1. Log in to your Binance account.
  2. Generate your Ledger deposit address.
  3. Verify your deposit address.
  4. Finalize withdrawal.

Is Binance safer than Ledger? ›

By comparing Binance vs Ledger overall scores, we clearly see that Binance has the higher overall score of 9.4. Ledger, on the other hand, has scored 7.6 final points. One of the best hardware cryptocurrency wallets ever made. One of the best exchange-wallets on the market.

Which wallet supports Binance Smart Chain? ›

Top 10 Binance Smart Chain Wallets in 2023
  • Trust Wallet. Non-custodial cryptocurrency wallet Trust Wallet stores, sends, and receives securely. ...
  • MetaMask. MetaMask provides browser and mobile app access to the new decentralized web. ...
  • Coin Wallet. ...
  • MyEtherWallet. ...
  • Unstoppable. ...
  • Guarda. ...
  • Exodus. ...
  • Edge.
Dec 20, 2023

How much crypto can a Ledger hold? ›

Manage 5,500+ coins and tokens

With the Ledger Nano X, you can secure and manage over 5,500 coins and tokens.

Can you store bonk on a Ledger? ›

Download and install the Ledger Live app in a couple of clicks on desktop and mobile. Coupled with a Ledger, it makes the most secured wallet for your Bonk.

What are the disadvantages of Ledger wallet? ›

Insufficient Interaction:Compared to software wallets, Ledger wallets offer limited interaction with decentralized applications (DApps), despite their superior storage capabilities. 4. Physical Deficiency:Even though Ledger wallets are safe from online threats, they can still be stolen, damaged, or lost.

Can I lose my crypto on Ledger? ›

With your 24-word Secret Recovery Phrase, an attacker has the ability to drain all of your accounts across all blockchains without any input needed from your Ledger device.

Is Ledger Nano S discontinued? ›

Please note: The Ledger Nano S is no longer in production.

How to use Ledger nano s for beginners? ›

Step by step
  1. Connect the Ledger Nano S to your computer using the supplied USB cable. Your device should display Welcome to Ledger Nano S. ...
  2. Press the left or right button to navigate through the on-screen instructions.
  3. Press both buttons simultaneously to choose the option Set up as new device.

How do I store Bitcoins on Ledger Nano? ›

Choose 'Connect hardware wallet'. Select the 'Bitcoin & Ordinals' option and click on 'I use Ledger Live with the device'. On your Ledger device, open the Bitcoin app. Your device should display 'Bitcoin is ready'.

Do I need to connect my Ledger to receive Bitcoin? ›

No, your device doesn't need to be connected and plugged in to be able to receive payments. As long as you have a copy of your wallet address, people can send funds to your wallet as much as they want.

How can I connect my wallet to Binance? ›

Additionally, if you ever need to unlink your wallet, scroll to the bottom of this guide.
  1. Step 1: Login to your Binance account, open your wallet page and click “Wallet Direct” ...
  2. Step 2: Click “Verify and connect my address”
  3. Step 3: Click “Connect to wallet”
  4. Step 4: Click “Connect” in the popup window.

How do I withdraw crypto from Ledger to bank account? ›

You can transfer your crypto to a supported exchange platform that offers fiat withdrawal options, such as Coinbase, Binance, Kraken, and others. These exchanges allow users to sell their crypto assets and withdraw the proceeds to their linked bank accounts.

How do I pay with my Binance wallet? ›

Making Payments With Binance Pay
  1. The easiest way is to scan the recipient's Binance Pay QR code with your mobile camera. ...
  2. Select the cryptocurrency and enter the amount you want to send. ...
  3. Review the payment details, including the recipient's information, the cryptocurrency, and the amount.
May 11, 2024

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