As you learn more about cryptocurrencies, you will begin to see the risks of leaving your coins on an exchange for long periods of time.
Exchanges act a honey pot for hackers looking to acquire large amounts of Bitcoin or other crypto. Mt. Gox is probably the the most famous example of an exchange that lost nearly every Bitcoin on deposit.
Because of these risks, many hodlers opt for safer, more secure devices, such as hardware wallets, to hold their coins on. The most popular devices are the Ledger nano S and Ledger nano X which give users full custody of the private keys of the wallet.
If you have recently acquired a Ledger Nano S or Nano X device, or you are considering doing so, here is how to transfer your coins from coinbase to your new hardware wallet.
If you have set up the Ledger Nano S device and created an account on Ledger Live, transferring funds from Coinbase to Ledger Nano S take only 13 simple steps: