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What precautions should I take when sending EOS from Binance to Ledger?

avatarKalpitDec 18, 2021 · 3 years ago3 answers

I want to send my EOS tokens from Binance to my Ledger wallet. What are some precautions I should take to ensure a safe and successful transfer?

What precautions should I take when sending EOS from Binance to Ledger?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    When sending EOS from Binance to Ledger, it's important to double-check the recipient address before initiating the transfer. One small mistake in the address can result in the loss of your tokens. Additionally, make sure that you have the latest firmware installed on your Ledger device to ensure compatibility with EOS. Lastly, consider sending a small test amount first to confirm that the transfer is working correctly before sending the full amount.
  • avatarDec 18, 2021 · 3 years ago
    To safely send EOS from Binance to Ledger, follow these steps: 1. Generate a new EOS address on your Ledger device. 2. Go to Binance and initiate a withdrawal, entering the new EOS address as the recipient. 3. Double-check the address to ensure accuracy. 4. Confirm the withdrawal and wait for the transaction to be processed. Remember to keep your Ledger device secure and never share your private keys with anyone.
  • avatarDec 18, 2021 · 3 years ago
    When sending EOS from Binance to Ledger, it's always a good idea to do some research and read user reviews to ensure that both Binance and Ledger are reputable and trustworthy platforms. Additionally, make sure that you have enabled the EOS app on your Ledger device before attempting the transfer. If you encounter any issues or have concerns, reach out to the customer support of Binance or Ledger for assistance. BYDFi, another popular cryptocurrency exchange, also provides a secure platform for EOS transactions.