How to Sell Crypto with Ledger
This is a step-by-step guide to converting your crypto back to fiat (dollars, euros & more) securely using your Ledger device and Ledger Live.
INTRODUCTION
Hi there, let’s talk about selling your coins through Ledger Live with our partner Coinify. Right now, you can only sell Bitcoin through Ledger Live. So, that’s what we’ll show you today, but don’t worry, we’ll be adding more options soon.
OPEN LEDGER LIVE
So, let’s start by opening Ledger Live, connecting your Nano to your computer and unlocking it with your PIN. Then, check the ‘Apps Installed’ tab to make sure you have the Bitcoin app and the Exchange app. If either is missing, just go to the App Catalog and install it.
SELECT SELL
If both apps are already installed, click on ‘Buy/Sell’ on the menu to the left. Then, click on ‘Sell’ at the top of the page. Click ‘Choose a Crypto Asset’ and select Bitcoin. Then, use the second drop-down to choose the accounts you wish to sell from, and click ‘Continue’. Here, we have the ‘Get Started’ page, where you enter the amount of Bitcoin you wish to sell in the top box. As you’re doing that, pay attention to Coinify’s minimum and maximum limits, and adjust as needed. Once you’ve entered your amount, choose the currency you’d like to receive, and you’ll see a quote in the ‘You Get’ box. Every quote is good for 15 minutes. And if you go over time, you’ll just refresh and do it again. Now, click the ‘Sell Now’ button, where you either log into an existing Coinify account, or create a new one.
COMPLETE KYC IF THIS IS YOUR FIRST TIME ON COINIFY
If you’re creating a new one, then complete the KYC steps, and resume the sale once you’ve verified. If you already have one, then you’ll just proceed.
CONFIRM BANK DETAILS
Let’s say you’re set up with Coinify, click ‘Continue’, so they can check for a bank account, and have you add one, if needed. Once you’ve added or chosen a bank account, you’ll return to the order page. If you’re okay with the numbers on the screen, then agree to the terms and conditions, and click the ‘Confirm Order’ button.
CONFIRM TRANSACTION ON YOUR NANO
Open the Exchange app on your Nano when prompted, scroll through the details until you see ‘Accept and Send’. If all looks well, press both buttons and return to the app. Now, click, close down and continue to get your order summary. And check your email inbox for updates from Coinify. That’s it, sale complete. Selling is the same on all Nanos, so you’ll never have to re-learn it. And if you have questions, or if you’re ready to learn more, check out the other tutorials at the Help Center. And, as always, stay safe on your crypto journey, see ya!