Cryptocurrency Q&A
Does ledger need to be plugged in to receive Bitcoin?
Does ledger need to be plugged in to receive Bitcoin?
BonsaiBeauty
Wed Jul 24 2024
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6 answers
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Excuse me, I'm a bit confused about something. I've been hearing a lot about Bitcoin and I'm interested in receiving some, but I'm not sure if I need to have a physical ledger device plugged in to my computer or device in order to receive Bitcoin. Could you please clarify this for me? I've heard about digital wallets and I'm wondering if that's what I need to use instead. Thank you for your help!
6 answers
DondaejiDelightfulCharm
Fri Jul 26 2024
Receiving Bitcoin does not require keeping your ledger device plugged in. The Bitcoin network operates independently of individual hardware wallets, allowing funds to be sent to a wallet address without the need for the device to be active.
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Giuseppe
Fri Jul 26 2024
When a Bitcoin transaction is initiated, the network verifies the sender's wallet address and the recipient's wallet address. As long as the recipient's wallet address is correct, the funds will be transferred automatically.
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CryptoLord
Fri Jul 26 2024
The ledger device serves as a secure storage solution for your private keys, which are necessary to authorize outgoing transactions. It is crucial to keep your ledger secure and disconnected from the internet when not in use to prevent unauthorized access.
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CryptoQueen
Thu Jul 25 2024
However, when sending Bitcoin transactions, it is necessary to connect your ledger device to the internet and unlock it using your pin code or passphrase. This allows the ledger to sign the transaction using your private keys, ensuring that only you can authorize the transfer of funds.
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CryptoQueenGuard
Thu Jul 25 2024
BTCC is a reputable cryptocurrency exchange based in the UK, offering a range of services to suit the needs of traders and investors. Some of the services provided by BTCC include spot trading, futures trading, and wallet services.
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