In this guide, we’ll walk you through securing your Draggy CTO (DRAGGY) tokens using a Ledger hardware wallet (Nano S or Nano X). Many investors overlook the importance of storing ERC-20 tokens like DRAGGY in a cold wallet, leaving them vulnerable to risks. Follow these steps to ensure maximum security.
Prerequisites
- Ledger Nano X/S: Purchase from the official Ledger store.
- Ledger Live: Configured and updated (follow Ledger’s setup guide).
- Ethereum App: Installed on your Ledger (installation guide).
Step 1: Acquire a Ledger Device
If you don’t own a Ledger yet:
- Visit the Ledger official website to avoid scams.
- Choose between Nano X (more storage) or Nano S (budget-friendly).
- Complete the purchase and set up your device.
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Step 2: Purchase Draggy CTO (DRAGGY)
Skip this if you already own DRAGGY. Otherwise:
- Buy DRAGGY on a supported exchange like Binance.
- Use our DRAGGY buying guide for detailed steps.
Step 3: Locate Your Ledger’s Ethereum Address
Since DRAGGY is an ERC-20 token, it must be sent to an Ethereum address:
- Connect and unlock your Ledger.
- Open Ledger Live → Accounts → Ethereum.
- Click Receive → Confirm on your Ledger.
- Copy the displayed Ethereum address.
Key Tip: Always verify the address on your Ledger’s screen before sending funds.
Step 4: Withdraw DRAGGY to Your Ledger
- Log into your exchange (e.g., Binance).
- Navigate to Wallet → Spot → Search for DRAGGY.
- Click Withdraw, paste your Ledger’s Ethereum address, and enter the amount.
- Complete security verifications (2FA, email codes).
Note: Transactions typically take <10 minutes. Check Ledger Live’s token list to confirm receipt.
FAQs
1. Can I store DRAGGY on a Ledger Nano S?
Yes! Both Nano S and Nano X support ERC-20 tokens like DRAGGY.
2. What if my DRAGGY doesn’t appear in Ledger Live?
Ensure the Ethereum app is open on your Ledger and refresh Ledger Live.
3. Is Binance the only exchange for buying DRAGGY?
No, but it’s a popular choice. Other exchanges supporting ERC-20 tokens will work similarly.
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Final Notes
- Never share your Ledger’s recovery phrase.
- Double-check addresses before sending crypto.
- Regularly update Ledger Live and firmware.
By following this guide, your Draggy CTO (DRAGGY) tokens will be securely stored offline, safeguarding them from potential threats.