How to Store Yel.Finance Crypto (YEL) on Ledger

In this short guide, we’re going to cover how you can safely protect your Yel.Finance crypto with a Ledger Hardware Wallet. This works for both the Nano S and Nano X versions. Yel.Finance crypto is becoming really popular, and a lot of investors are not storing their tokens safely in a Hardware wallet like a Ledger Nano.

Also, in this guide, we will use Binance as an example exchange where you might have some Yel.Finance tokens since it's the most popular of the ones you can buy Yel.Finance from, but the process will be very similar if you have it on a different exchange.

In case you already have Yel.Finance crypto on a different wallet. Just follow Step 2 and send your Yel.Finance crypto from the wallet to that address.

What you'll need:

• A Ledger Nano X or S. You can buy one here in the official Ledger Website
• Fully configured Ledger Live: Follow Ledger's guide if you haven't yet.
• Ethereum App installed on your Ledger: Follow this guide.

Step 0 - Buy your Ledger Wallet

To follow this tutorial, you'll need an official Ledger device. In my opinion, the best cold wallet you can currently buy.

If you already bought your ledger wallet skip to Step 1.

Ledger is not only the first brand to produce a secure cold wallet for crypto, but also, the brand that most innovated when it comes security of decentralized assets.

Any Ledger device will serve you well in your journey to security in crypto, but we highly recommend getting the Ledger Nano X because of the available space for different apps. Different apps will be needed to interact with different chains, and in this fast-evolving market you certainly don't want to get left behind because your ledger device doesn't have enough space for an extra app. In case you're more of a conservative investor, and only want to protect a few varieties of assets, you can get the Ledger Nano S Plus, or the normal Ledger Nano S that will serve your needs without a problem.

Go to the official Ledger Website

Confirm you are on the correct website. Follow our official links. Your url's main domain should end with ledger.com

Click "Shop Now" and choose your device

Step 1 - Buy Yel.Finance on Binance

You can skip this step if you already purchased your YEL. Otherwise, you can follow our guide on how to buy Yel.Finance.

Step 2 - Find your Ledger's Ethereum Address

Yel.Finance is an ERC-20 token, which means it 'runs' on the Ethereum Network. Any ERC-20 token must be sent to an Ethereum address. We are now going to copy our Ledger's Ethereum Address to withdraw our Yel.Finance crypto to it.

Before we start, make sure you have your Ledger device connected to your computer's USB port and unlocked.

Open Ledger Live and Click 'Accounts':

In my case, I already have an Ethereum account created on Ledger Live. If you don't have one yet, make sure you install the Ethereum app and click 'Add Account,' select Ethereum, and confirm it on your Ledger.

Select your Ethereum Account and click 'Receive':

Click 'Continue':

Now it will ask your permission to open the Ethereum App on your Ledger:

Just double click on your Ledger:

The address will now appear on your screen. Click this button to copy the address:

This is your Ledger's Ethereum address. You can send ETH or any ERC-20 token to this address, and your Ledger's hardware wallet will safely protect it.

Step 3 - Withdraw your Yel.Finance crypto from the Exchange to your Ledger's Ethereum Address.

For this guide, we are using Binance, but the process is identical on any other exchange. Just go to your funds and withdraw your Yel.Finance tokens to the Ledger's Ethereum Address we copied onStep 2.

Log in and click on Wallet -> Fiat and Spot :

Search for 'YEL' and click 'Withdraw':

Paste your ETH address, insert the amount of YEL to send, and click 'Submit':

Now Binance will ask you for verification codes. Depending on the methods of security you have activated, they can ask you for a code sent to your email, a code sent to your phone by text message, and the Google Authenticator code if you have 2FA enabled.

Once that is done, your YEL will be sent to your Ledger wallet, and it should arrive in under 10 minutes. In some rare cases, it can take longer, don't worry. If you make sure you withdraw your YEL to your correct Ethereum address, it will arrive eventually.

You can go to your Ethereum Account on your Ledger Live program, and the YEL you have withdrawn will show up on your list of tokens.