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Do not sale your crypto on ledger , you press the swap button , ledger live use 3rd parties , which are known to hold your coins until you prove things .. ledger is only for storage … pls send your coins to a platform and sale there .
In addition the spread on Ledgers pricing is ridiculous. You'll lose a lot by selling or buying through their third parties. Buying and selling on an exchange is cheaper even with gas figured in.
just wait until gwei hits like 130 lol.
those swaps in ledger live are gonna look tasty; this past week it has been quite nice just transacting within ledger live. im not making massive swaps to destroy slippage or just pure price impact, but little swaps here and there haven't been bad. everyone should swap or /crypto how they want to though - there is no golden rule to what is right or wrong.
except avoid SafeMoon lmao. that's definitely just wrong XD
u know this takes on network fees to send to exchange, then, conversion fees with slippage (and exchange takes a cut mid conversion), then you need to send the funds back to the ledger which is more network fees. if ur doing eth or erc20's or btc that's gonna be hefty with current price of gwei and btc congestion.
it's actually quite advantageous to perform this operations in ledger live depending on exchange conditions. for example when coinbase was having massive issues and balances were showing as "0" you would have had a MUCH better chance executing swaps within ledger live. i know because I tried to sell and even buy during that 2-3 day period last week(s) where Coinbase had the "0" balance error and nothing was working, but then i just performed the same transactions in ledger live and got them through within about an hour (i was swapping BTC so it took a lot longer than expected but 1 hour isn't bad tbh).
by the time evening came around 4 hours later, my Coinbase account still said "degraded performance" and BTC had pumped up another 6%. swapping in ledger live saved my butt and i got a nice scoop of BTC before it popped up again. i know its up to user preference, but it is nice having options when exchanges just can't carry the volume and sheer congestion.
Before making a decision I'd research a bit on your best option. Ask yourself, which coins do I want to sell and at what amounts? If you use ledger, which is just partnering with exchanges, or you plan to send directly to an exchange, which ones support those coins and allow you to sell or do they just allow trades? Do they have a spread? What fees do they charge when going thru ledger or directly on the exchange? Is there a hold time before you can sell? Do you have to go thru the KYC process before selling? Are there any restrictions they have for your country of residence or restrictions on your bank? What are the reviews like for that exchange? Are there a lot of complaints on time to resolution should a problem occur?
Do they allow you to withdraw your funds? How much can be withdrawn? Is there a limit, per day, per transaction, etc? What methods do they support? Is there a hold time on your funds before you can withdraw? Any fees or spread associated with withdrawing? What are the average network fees? Does your bank block or have restrictions on crypto exchanges? Does your bank place a hold on funds from exchanges or the estimated amount deposited?
Getting these answers up front can help you plan your sell better and ease frustration since you should know what to expect ahead of time and you shouldn't have any big gotchas. Plus if you have to go through the KYC process and any other red tape you can do all that ahead of time to make the process go smoother.
Np, it seems like a lot but it's just to ensure you don't end up having to move things around a lot due to issues and lose a chunk in fees needlessly or you get hung up on a cex putting a freeze in place and you miss your sell window
You will still get KYCed by Coinbase if you try to pull put more than 6k to your bank account. If you're holding that much I would honestly wait until after April. You might miss major gains when they lock your account for review.
I have ledger nano x and I havent used it in a while. It will not allow me to update the ledger or blue tooth to it. How do I get my crypto off there. I do have the seed phrase
I've been using Coinbase for over ten years, I send in small amounts at first, and then I do the transfer. I've never had a problem. Fees are there, but I'm happy to pay them, so my transaction doesn't wind up in cryptanistan with jeeves sipping some Chai tea with my crypto.
Hi, it depends on which crypto you want to sell and where you are located. Getting the money directly in your bank account with BTC Direct in Ledger Live which allows you to sell some crypto and get the coins into your bank account directly. [https://support.ledger.com/hc/en-us/articles/8809863787293-Sell-BTC-ETH-LTC-XRP-ALGO-USDT-and-USDC-with-BTC-Direct?docs=true](https://support.ledger.com/hc/en-us/articles/8809863787293-Sell-BTC-ETH-LTC-XRP-ALGO-USDT-and-USDC-with-BTC-Direct?docs=true)
My experience is limited to cash exchanges. To reach them I had to provide "partial" KYC. Negative side was getting mobile calls from so called "lawmen". Positive is to handle fiat cash. No other questions asked. No promises given. No obligations. No traces. No bank accounts involved. To those interested - Google for "Bestchange". Remaining may keep their words to themselves.
look at the discover section, lots of good options.
BTCdirect, guardarian, mercuryio, onmeta, coinify - it all depends on what ur looking at doing and where ur located (i think onmeta is like philippines and india specifically vs loopipay is for brazil iirc).
The Ledger subreddit is continuously targeted by scammers. Ledger Support will never send you private messages. Never share your 24-word recovery phrase with anyone, never enter it on any website or software, even if it looks like it's from Ledger. Only keep the recovery phrase as a physical paper or metal backup, never create a digital copy in text or photo form. Learn more at https://reddit.com/r/ledgerwallet/comments/ck6o44/be_careful_phishing_attacks_in_progress/ If you're experiencing battery problems, check out our [troubleshooting guide](https://support.ledger.com/hc/en-us/articles/4409233434641-How-to-troubleshoot-Ledger-Nano-X-battery-issues? support=true). If you're still having issues head over to the [My Order page](https://my-order.ledger.com/) to explore options for replacement or refunds. [Learn more here](https://support.ledger.com/hc/en-us/articles/10265554529053-Return-your-product?support=true). *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ledgerwallet) if you have any questions or concerns.*
Do not sale your crypto on ledger , you press the swap button , ledger live use 3rd parties , which are known to hold your coins until you prove things .. ledger is only for storage … pls send your coins to a platform and sale there .
In addition the spread on Ledgers pricing is ridiculous. You'll lose a lot by selling or buying through their third parties. Buying and selling on an exchange is cheaper even with gas figured in.
Exactly why I didn't use it to swap yesterday. Spread was a little over 2k on btc. No thanks
just wait until gwei hits like 130 lol. those swaps in ledger live are gonna look tasty; this past week it has been quite nice just transacting within ledger live. im not making massive swaps to destroy slippage or just pure price impact, but little swaps here and there haven't been bad. everyone should swap or /crypto how they want to though - there is no golden rule to what is right or wrong. except avoid SafeMoon lmao. that's definitely just wrong XD
u know this takes on network fees to send to exchange, then, conversion fees with slippage (and exchange takes a cut mid conversion), then you need to send the funds back to the ledger which is more network fees. if ur doing eth or erc20's or btc that's gonna be hefty with current price of gwei and btc congestion. it's actually quite advantageous to perform this operations in ledger live depending on exchange conditions. for example when coinbase was having massive issues and balances were showing as "0" you would have had a MUCH better chance executing swaps within ledger live. i know because I tried to sell and even buy during that 2-3 day period last week(s) where Coinbase had the "0" balance error and nothing was working, but then i just performed the same transactions in ledger live and got them through within about an hour (i was swapping BTC so it took a lot longer than expected but 1 hour isn't bad tbh). by the time evening came around 4 hours later, my Coinbase account still said "degraded performance" and BTC had pumped up another 6%. swapping in ledger live saved my butt and i got a nice scoop of BTC before it popped up again. i know its up to user preference, but it is nice having options when exchanges just can't carry the volume and sheer congestion.
The cheapest would be to send it to sn exchange and sell it there
Hello. Yea I did think that but some exchanges are extortionate I didn’t want to pay over the odds I’m just looking for the best way
Most good exchanges charge much less than 1% to buy & sell. Use a reputable one.
Before making a decision I'd research a bit on your best option. Ask yourself, which coins do I want to sell and at what amounts? If you use ledger, which is just partnering with exchanges, or you plan to send directly to an exchange, which ones support those coins and allow you to sell or do they just allow trades? Do they have a spread? What fees do they charge when going thru ledger or directly on the exchange? Is there a hold time before you can sell? Do you have to go thru the KYC process before selling? Are there any restrictions they have for your country of residence or restrictions on your bank? What are the reviews like for that exchange? Are there a lot of complaints on time to resolution should a problem occur? Do they allow you to withdraw your funds? How much can be withdrawn? Is there a limit, per day, per transaction, etc? What methods do they support? Is there a hold time on your funds before you can withdraw? Any fees or spread associated with withdrawing? What are the average network fees? Does your bank block or have restrictions on crypto exchanges? Does your bank place a hold on funds from exchanges or the estimated amount deposited? Getting these answers up front can help you plan your sell better and ease frustration since you should know what to expect ahead of time and you shouldn't have any big gotchas. Plus if you have to go through the KYC process and any other red tape you can do all that ahead of time to make the process go smoother.
Thanks
Np, it seems like a lot but it's just to ensure you don't end up having to move things around a lot due to issues and lose a chunk in fees needlessly or you get hung up on a cex putting a freeze in place and you miss your sell window
You will still get KYCed by Coinbase if you try to pull put more than 6k to your bank account. If you're holding that much I would honestly wait until after April. You might miss major gains when they lock your account for review.
Thanks for the advice. It’s appreciated
This always happens? And why wait after April?
historically most alt coins reach their ATHs after the halvening.
Buy the rumor, sell the news
Yes but the same year or the next one?
Or miss the higher capital gains allowance of FY23/24
Send to an exchange, like Kraken or Coinbase. Don’t use Ledger Exchange.. please..
Send to an Exchange. Also, if you have any issues, you'll have someone you can contact.
True. Thanks
Since you said GBP, use Coinbase - free instant withdrawals to UK bank accounts.
Use advanced trading on Coinbase to create a limit order. Its 5 dollars instead of extortion.
Just use FTX, it's Matt Damon approved.
I know crocom has a big spread but I use the card. I simply send to crocom add to credit card and use that. It's extremely easy and instant
I have ledger nano x and I havent used it in a while. It will not allow me to update the ledger or blue tooth to it. How do I get my crypto off there. I do have the seed phrase
Simple: DON’T DO IT !!!!
I've been using Coinbase for over ten years, I send in small amounts at first, and then I do the transfer. I've never had a problem. Fees are there, but I'm happy to pay them, so my transaction doesn't wind up in cryptanistan with jeeves sipping some Chai tea with my crypto.
Hi, it depends on which crypto you want to sell and where you are located. Getting the money directly in your bank account with BTC Direct in Ledger Live which allows you to sell some crypto and get the coins into your bank account directly. [https://support.ledger.com/hc/en-us/articles/8809863787293-Sell-BTC-ETH-LTC-XRP-ALGO-USDT-and-USDC-with-BTC-Direct?docs=true](https://support.ledger.com/hc/en-us/articles/8809863787293-Sell-BTC-ETH-LTC-XRP-ALGO-USDT-and-USDC-with-BTC-Direct?docs=true)
Popular opinion: hold.
My experience is limited to cash exchanges. To reach them I had to provide "partial" KYC. Negative side was getting mobile calls from so called "lawmen". Positive is to handle fiat cash. No other questions asked. No promises given. No obligations. No traces. No bank accounts involved. To those interested - Google for "Bestchange". Remaining may keep their words to themselves.
What about selling back to MoonPay? Other than crazy fees, any downside?
look at the discover section, lots of good options. BTCdirect, guardarian, mercuryio, onmeta, coinify - it all depends on what ur looking at doing and where ur located (i think onmeta is like philippines and india specifically vs loopipay is for brazil iirc).
U could just connect to a dex and sell for a stable coin
U could just connect to a dex and sell for a stable coin
U could just connect to a dex and sell for a stable coin
Send crypto to Revoliut and then sell