How to Withdraw Bitcoin From Coinbase and Store it in Your Own Wallet

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My most popular Ledger Nano S Video:
Using Ledger Live with Your Ledger Nano S

Great Video for Restoring Ledger Nano S:
Restore Ledger Nano S Using Ledger Live

Ledger Nano X Videos:
How to Buy Bitcoin and Store it on a Ledger Nano X
How Restore to Ledger Nano X from the 24 Word Recovery Phrase of Your previous Ledger Nano S
How to Transfer All of Your Cryptocurrency Assets from Ledger Nano S to Ledger Nano X
How Buy Bitcoin Using the Cash App & Store it on Ledger Nano X
How to Buy Monero on Shapeshift & Store in a Ledger Nano X
How to Purchase Stellar Lumens and Store on a Ledger Nano X
Ledger Live Now Supports ERC20 Tokens and Native Segwit Bitcoin Addresses
Using Ledger Live to Send ERC20 (BAT) Tokens to Your Ledger Nano Device


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What is Bitcoin?

Bitcoin is a new technology that functions as a digital currency. It is a peer-based, decentralized way to hold, store, send, and receive value. It does this by maintaining a cryptographic “ledger” called the Blockchain. All of the bitcoins in existence are created and stored on the Blockchain.

Bitcoin with a capital “B” refers to the technology itself. Bitcoin spelled with a little “b” refers to the tokens that hold the value and can be exchanged with others.

Multiple copies of the Blockchain exist on thousands if not millions of computers worldwide. Each copy of the Blockchain “verifies” itself by connecting to the Internet and making sure it has the most up-to-date list of transactions. The Blockchain maintains its integrity by using strong, modern, encryption techniques. This makes it impossible for anyone to alter the ledger, create fake transaction or “double-spend” their bitcoins.

Bitcoins do not require banks or third-party financial services to act as central clearing houses for electronic transfers. In essence, Bitcoin technology “cuts out the middleman”. Bitcoin is a decentralized, peer-to-peer monetary system that exists outside of the traditional, centralized, fiat-currency based financial system.

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