How to transfer crypto from Binance to a Ledger Nano X? (Safety Guide)

Preparation Steps Before Initiating Transfer

1. Ensure your Ledger Nano X firmware is updated to the latest version via Ledger Live desktop application.

2. Install and open the corresponding cryptocurrency app on your Ledger Nano X—such as Bitcoin, Ethereum, or Solana—before initiating any transaction.

3. Verify that Ledger Live is connected to your device and recognizes it as “Ready” in the status bar.

4. Confirm you have securely backed up your 24-word recovery phrase offline and never entered it on any online platform.

5. Double-check that your Binance account has completed all required identity verification levels to enable withdrawal functionality.

Retrieving Your Ledger Wallet Address

1. Open Ledger Live and navigate to the desired crypto asset (e.g., ETH or BTC) in your portfolio.

2. Click “Receive” to generate a new receiving address; this action triggers the Ledger Nano X screen prompt.

3. Approve the address display on the device’s physical screen by pressing both side buttons simultaneously.

4. Carefully compare the first six and last six characters of the displayed address on Ledger Nano X with those shown in Ledger Live.

5. Copy the full address only after visual confirmation—never rely solely on clipboard contents without cross-checking.

Initiating Withdrawal from Binance

1. Log into your Binance account using two-factor authentication and ensure no suspicious login alerts are active.

2. Go to Wallet → Fiat and Spot → Withdraw → Cryptocurrency, then select the relevant coin.

3. Paste the verified Ledger address into the recipient field—Binance will auto-detect network compatibility if supported.

4. Select the correct blockchain network matching your Ledger app (e.g., ERC-20 for ETH-based tokens, not BEP-20).

5. Enter the withdrawal amount, review the miner fee estimate, and confirm using your Binance 2FA method.

Post-Transfer Verification Protocol

1. Wait for at least one blockchain confirmation before assuming success—check via Etherscan or Blockchain.com depending on the asset.

2. In Ledger Live, refresh the balance manually under the respective asset tab after expected confirmation time.

3. Cross-reference transaction hash (TxID) from Binance withdrawal history with on-chain explorers to validate inclusion in a block.

4. If funds do not appear within three network confirmations, verify whether the correct network was selected during withdrawal.

5. Never share your Ledger device PIN, recovery phrase, or private keys—even with Binance support representatives.

Frequently Asked Questions

Q: Can I send USDT on TRC-20 network to my Ledger Nano X?No. Ledger Nano X does not natively support TRON (TRC-20) tokens. Only USDT on Ethereum (ERC-20), Polygon, or other compatible networks can be received securely.

Q: What happens if I enter the wrong network during Binance withdrawal?Funds sent to an incompatible network may become irretrievable. Ledger Nano X cannot interpret or recover assets routed through unsupported chains like BEP-20 or TRC-20 unless the wallet explicitly supports them.

Q: Is it safe to use Ledger Live on a public Wi-Fi connection?No. Always perform Ledger Live operations on a trusted, private network. Public Wi-Fi increases exposure to man-in-the-middle attacks targeting session tokens or metadata.

Q: Why does Ledger Live show zero balance even after confirming receipt on-chain?This often occurs when the associated derivation path isn’t scanned. Use Ledger Live’s “Synchronize accounts” feature or manually add the account using the correct path (e.g., m/44'/60'/0'/0 for Ethereum).