Here’s a step by step process on how to move Ethereum to your Ledger Nano S Wallet. Before asking a question, please see if anyone has posted the question in the comments.
Please use my referral links:
Coinbase Exchange: https://www.coinbase.com/join/593e067…
(you and I get $10 when you invest $100 or more)
Binance Exchange: https://www.binance.com/?ref=12781632
Ledger Nano S: http://amzn.to/2ysuRdW
Ledger Nano S Direct: https://www.ledgerwallet.com/r/8d09
If you are feeling generous, please send BTC:
17wTqesDhBaqH8D43BnYYUw9EmDC9HcBp2
As of December 28, 2017:
1 ETH = $723.11 on GDAX
Please share this video on Ethereum / Ledger forums on Facebook and Reddit so it can help other newbies.
How Wallets Work:
https://blockchain.info/wallet/how-it-works
BIP39 SEEDS
Ledger devices work following BIP39 blockchain protocol, so it manages a seed that generates your private keys and your wallets. This way to generate and backup your wallets is not a Ledger specificity, it is a well-known secure standard, which makes your Ledger device compatible with the other BIP39 wallets.
https://ledger.zendesk.com/hc/en-us/articles/115005161325-Backup-24-words-seed-and-compatible-seeds
https://medium.com/@trionkidnapper/ledger-nano-s-restoring-a-device-using-recovery-phrase-d80051ecf17a
Get Started:
https://www.ledgerwallet.com/start
Is it safe to keep coins on an exchange?
https://www.quora.com/Is-it-safe-to-leave-Ethereum-coins-in-Coinbase
Top Exchange Hacks:
http://cryptorials.io/5-biggest-bitcoin-exchange-hacks/
Follow me:
Twitter: @garycruz
Steemit: https://steemit.com/@garycruz
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