<p>Answer to the title question</p>
<blockquote>
<p>Can I receive bitcoin to a cold storage device without an exchange being involved?</p>
</blockquote>
<p>Yes, you can.</p>
<blockquote>
<p>Do I have to use for example &quot;coinbase&quot; or another exchange to receive bitcoin to a &quot;Ledger&quot; device?</p>
</blockquote>
<p>No, there is no requirement of using any centralized exchange. If you want to acquire bitcoin you can do it in P2P fashion. You can buy it on P2P exchange (bisq, hodlhodl) or at your local bitcoin community meetings. Or you can ask friend who already have bitcoin to either gift you some or sell it to you. Or you can earn it. So no, you don't have to use exchange, but it's the most frictionless option for most people, due to KYC process that you have to go through, stamping your identity on the coins you want to acquire.</p>
<p>It doesn't matter if the address is in cold storage or &quot;hot&quot; storage to be able to receive bitcoin into it. Addresses don't have to be &quot;hosted&quot; to be able to receive bitcoin.</p>

CC BY-SA 4.0
2020-12-15T22:31:07.453Z
SO BASICALY you centralize everything into your cold wallet and from there you can withdraw to other cold wallets exchanges etc... right?
corhinho
CC BY-SA 4.0
2020-12-15T16:33:37.620Z
2020-12-15T16:33:37.620Z
Tony Sanak
<p>Do I have to use for example &quot;coinbase&quot; or another exchange to receive bitcoin to a &quot;Ledger&quot; device?</p>

<transactions>
Can I receive bitcoin to a cold storage device without an exchange being involved?
user112744
# Can I receive bitcoin to a cold storage device without an exchange being involved?

(Asked by: username_0 on 2020-12-15)

Do I have to use for example "coinbase" or another exchange to receive bitcoin to a "Ledger" device?

**Tags:** transactions


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## 1 answers

### Answer by username_1 on 2020-12-15. Score: 2

Answer to the title question

> Can I receive bitcoin to a cold storage device without an exchange being involved?

Yes, you can.

> Do I have to use for example "coinbase" or another exchange to receive bitcoin to a "Ledger" device?

No, there is no requirement of using any centralized exchange. If you want to acquire bitcoin you can do it in P2P fashion. You can buy it on P2P exchange (bisq, hodlhodl) or at your local bitcoin community meetings. Or you can ask friend who already have bitcoin to either gift you some or sell it to you. Or you can earn it. So no, you don't have to use exchange, but it's the most frictionless option for most people, due to KYC process that you have to go through, stamping your identity on the coins you want to acquire.

It doesn't matter if the address is in cold storage or "hot" storage to be able to receive bitcoin into it. Addresses don't have to be "hosted" to be able to receive bitcoin.

> **Comments:**
> **username_2**: SO BASICALY you centralize everything into your cold wallet and from there you can withdraw to other cold wallets exchanges etc... right?  

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