Product Updates

How to pay crypto bills using Ledger Wallet

Learn how to pay an bill using a Ledger Wallet with Request Finance in just a few clicks. This tutorial covers the steps needed to batch pay multiple crypto bills and accounting for your transactions.

April 11, 2023

If you are holding one or more cryptocurrencies for the long-term, you should prefer to store your funds in a cold wallet for safety and ownership. If you want the speed and flexibility of hot wallets and the security of cold hardware wallets, you can use a Ledger hardware wallet combined with Ledger Live, a software that enables you to easily manage your assets from your desktop or mobile. 

In this tutorial, you will learn how to pay an bill using a Ledger Wallet with Request Finance in just a few clicks. To get started, you will need a Request Finance account, a pending crypto bill awaiting payment in the app, a Ledger hardware wallet, and the Ledger Live desktop application.

Step 1: Review and Approve bills

To begin, navigate to the sidebar menu. Click on “Pay” > "Bills".

These bills have to be reviewed, and approved before they can be paid. This is to ensure that the bills you receive are both legitimate, and correct.

You can approve and pay bills individually, or in a batch.

In the same dashboard, select the bills you want to approve by checking the box next to them and clicking on “Approve.”

Once the status of the selected bills is updated, re-select them and click the blue button “Batch Payment.”

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Step 2: Connect Your Ledger Wallet 

To pay multiple crypto invoibillsces in a single transaction from the “Batch bills” dashboard, select all the approved bills that you would like to pay. Click the blue “Pay Now” button at the top right corner.

You should see a popup prompting you to connect your crypto wallet. Choose “Ledger” from the list shown. From here, you can either scan the QR code using your Ledger Live mobile app, or connect to your Ledger Live desktop app.

You will be prompted to connect your Ledger to Request Finance. Click “Accept”. Your Ledger wallet is now connected to your Request Finance account.

Click back to your Request Finance application. If it is the first time that you are paying with your Ledger on Request Finance, you will be prompted to approve spending USDC from your Ledger Wallet. Click “Approve”.

Navigate back to your Ledger Live, and confirm the approval there. Click “Continue”. Follow the instructions using your Ledger hardware wallet.

This one-time approval is required whenever you interact with any dApp, like a DEX such as Uniswap. Learn more about token approvals here

Step 3: Batch pay multiple crypto bills 

Switch back to your Request Finance desktop app, and click on the blue “Pay now” button.

Navigate back to your Ledger Live, and sign the transaction there. Click “Continue”. Follow the instructions using your Ledger hardware wallet.

Go back to your Request Finance application. As soon as the transaction is successful, you will notice that the status on the bills change to “Paid”, with the buttons turning from blue to green. 

Depending on your notification settings, your beneficiaries will also receive an email confirmation of the on-chain transaction, with a link to the block explorer for each transaction.

Step 4: Accounting for your crypto transactions

To keep a record of your transactions for accounting and tax purposes, you can easily download a copy of all the paid bills by clicking on them individually, selecting "More actions," and then choosing "Download bill."

Ivan

Content Lead
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