Totally confused - about buying Bitcoin Cash with Nano Ledger S

[GRAA]

Hello,

Perhaps a newbie problem for you folks Smiley

I'm trying to buy Bitcoin Cash on Litebit.eu but don't know what to do at the moment.

It asks me if I want to use 'main' or 'split' on the Ledger app. Which one do I choose? I don't have any Crypto stored on my Nano S at the moment.

So this is my first Crypto purchase.

I chose first Split, because I read that somewhere on the internet that's what I was supposed to do. Later I also chose main, but still don't understand the difference.

I tried both split and main, but doesn't matter what I choose, if I go to Litebit.eu and enter my wallet addres copied from and after clicking 'receive' in the app, it says the address is invalid.

Do I need to confirm the existence of my Ledger on the blockchain or something?

All I want to do is buy some Bitcoin Cash with my Nano Ledger S (buying with real $$$) through Litebit, why are they making this so difficult? There is no understandable explanation anywhere.

Also, the address doesn't change when you enter an amount on the Ledger app. The QR code does. Why is that?

Any help would be appreciated...

Regards

[HabBear]

You can't buy Bitcoin Cash with a Nano Ledger S.

The Nano Ledger is a hardware wallet, it's not an exchange. The only way (nearly) to buy a cryptocurrency is through an exchange...a company that will exchange your fiat currency for a cryptocurrency. Once you've done this, you can move that cryptocurrency to another wallet, i.e, your Ledger Nano S.

It's a good question, I'm sure it confuses a lot of people.

[GRAA]

Hello HabBear,

thank you for your reply.

Well I did go through it with an exchange, Litebit.eu which I mentioned but perhaps I didn't state it clearly enough.

To receive the coins, you need to have the Nano S connected to your computer correct?

So I was at Litebit.eu, logged in and at the buy screen, wanting to buy some Bitcoin Cash. I entered how much I wanted and all the fields, then I went to my Ledger Chrome app, and used the address from the 'main' wallet. Didn't recognize it at Litebit. Then I filled in the address from the 'split' wallet, didn't recognize it either. And I surely chose 'Receive' in the Ledger app, not 'Send'.

So I must be doing somehting wrong. And which one should I choose anyhow, 'main' or 'split'? When I connect the Ledger Nano S to my PC, enter the app on the Nano, and start up the Ledger app (Bitcoin and altcoins), the Ledger app first asks me which Bitcoin, I choose Bitcoin Cash. Then it asks me if I want to use the main or split. I've no idea which one to choose... like I said, I don't have any Bitcoins or any altcoins on my Nano S. This would be my first transaction.

So to summarize, if I want to use Litebit.eu to buy Bitcoin Cash and store it on my Ledger Nano S, which steps should I take?

I can't find any (solid) tutorials or anything on this.

So yeah.. any help'd be appreciated

[odolvlobo]

It doesn't seem like you are doing anything wrong. What is the address that you are using to receive the bitcoin cash?

You can also try searching for the address at blockchain.info. If the address is not valid, it will say that it cannot be found.

[ImNewAnDontKnowWhat2Do]

Hello HabBear,

thank you for your reply.

Well I did go through it with an exchange, Litebit.eu which I mentioned but perhaps I didn't state it clearly enough.

To receive the coins, you need to have the Nano S connected to your computer correct?

So I was at Litebit.eu, logged in and at the buy screen, wanting to buy some Bitcoin Cash. I entered how much I wanted and all the fields, then I went to my Ledger Chrome app, and used the address from the 'main' wallet. Didn't recognize it at Litebit. Then I filled in the address from the 'split' wallet, didn't recognize it either. And I surely chose 'Receive' in the Ledger app, not 'Send'.

So I must be doing somehting wrong. And which one should I choose anyhow, 'main' or 'split'? When I connect the Ledger Nano S to my PC, enter the app on the Nano, and start up the Ledger app (Bitcoin and altcoins), the Ledger app first asks me which Bitcoin, I choose Bitcoin Cash. Then it asks me if I want to use the main or split. I've no idea which one to choose... like I said, I don't have any Bitcoins or any altcoins on my Nano S. This would be my first transaction.

So to summarize, if I want to use Litebit.eu to buy Bitcoin Cash and store it on my Ledger Nano S, which steps should I take?

I can't find any (solid) tutorials or anything on this.

So yeah.. any help'd be appreciated

you need to update your firmware and install the bitcoin cash application on to your ledger through ledger manager app.