How to Sell Crypto and Withdraw Funds from Ledger to Bank

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If you’re using a Ledger wallet and want to sell your crypto and get your funds into your bank account, you’re in the right place! Let’s walk through the simple steps to make this happen.

Step 1: Connect Your Ledger to a Crypto Exchange

Before you can sell your crypto, you need to move it from your Ledger wallet to an exchange. Popular exchanges like Coinbase, Binance, and Kraken support Ledger integration.

  1. Download the Ledger Live App on your computer or mobile.
  2. Open the app and connect your Ledger device.
  3. Go to “Manager” and make sure your Ledger is updated with the latest firmware.
  4. Choose the cryptocurrency you want to sell and click on “Send”.
  5. Select the exchange address (e.g., your Coinbase or Binance address) where you want to transfer your crypto.

Step 2: Sell Your Crypto on the Exchange

Now that your crypto is in your exchange account, you can sell it:

  1. Go to the “Trade” or “Sell” section of the exchange.
  2. Select the cryptocurrency you want to sell.
  3. Choose the amount you want to sell and confirm the details.
  4. Click “Sell” and your funds will be converted to your chosen fiat currency (USD, EUR, etc.).

Step 3: Withdraw Your Funds to Your Bank Account

Now that your crypto has been sold, let’s move the money to your bank account:

  1. Go to the “Withdraw” or “Cash Out” section of the exchange.
  2. Choose your bank account as the withdrawal method.
  3. Enter the amount you want to withdraw.
  4. Follow the on-screen instructions to link your bank account if you haven’t already.
  5. Confirm the withdrawal, and your funds will be transferred to your bank account.

Step 4: Wait for the Transfer to Complete

It usually takes a few business days for the funds to appear in your bank account, depending on the exchange and your bank’s processing time.

Selling crypto and withdrawing to your bank account from Ledger is a straightforward process. Just follow these steps, and you’ll have your funds in your bank in no time!