/biz/ - Business & Finance

Yeah an old one from 2017 that I never even used because I couldn't be fucked into paying transaction fees from withdrawing from the exchanges.

>>13716677
I'm really interested in a hardware wallet now that I'm 100% into the BTC, LTC and ETH. I'm just going to hodl for a few years. So if you don't mind, can I ask you a few questions about them? Does the ledger actually generate your wallet address? Can you generate more than one? Does the ledger generate the seed phrase? Is the ledger reliant upon software updates?

>>13716708
yes, yes, yes, yes

>>13716708
just get a trezor, saves you so much more $$$ and a trezor one looks better IMO..simple

>>13716708
yes to all. If you have a significant amount of money in crypto then I'd say go for it. It gives me a lot of peace of mind and it's very easy to use.

>>13716701
bruh....

>>13716677
yep. its pretty kino with no cords and just using Bluetooth to send transactions. generating the keys entirely unconnected to anything is pretty sweet too. you could probably use a solar panel to charge the battery and nerve have to plug it into any internet connected device ever.

Too expensive for me but it looks cool

Nope. Need serious redundancy. Have fun losing your coins in a disaster scenario like getting robbed or having your house burn down.

>>13716758
You can just get the nano s. As far as I remember, it costs the same/slightly less than a trezor.

Mine arrived yesterday, I set it up for 45 goddamn minutes, synced it with the software and now the fucking thing just says "bootloader" and won't do anything else.

There's no goddamn way I can put my funds on this thing after it immediately fucks up like this, I'm returning it to Amazon tomorrow

>>13716832
I don't think you understand how it works kek. You just memorize a password and keep your seed in a (different) safe location. Losing your ledger =/= losing your coins.

>>13716787
the requirement of software updates is kind of concerning to me. what happens if, for example, I get sent to prison for 5 years. I get out and get my ledger that I stashed, but I can't use it because it's old software. I'm fucked then, right?

>>13716832
memorizeing your seed words is easier then you think. once you got it down, just repeat it to yourself in your before bed every day. iv restored my 24 word wallet twice with my memory. never had to check my paper backup.

>>13716863
you may have entered boot loader mode by accident? try messaging ledger for support.

>>13716868
Oh fuck that's right... Just make sure you properly secure the seed and back it up.

>>13716873
the 24 word seed theat are generated by the ledger wallet can be used to restore your bitcoin on ledger devices, trezor devices and software wallets. so as long as you memorize 24 words in order, you're fine. or right them down and stash them somewhere safe.

>>13716873
Absolutely not. Your coins are not stored on your ledger. The ledger is just used to sign transactions safely without having to enter your private keys. You don't need your ledger to access your funds. When you set up the ledger you write down a 24 word seed. If you lose your ledger/it doesn't work/you forget your password you can use this seed to access your funds.

It costs a hundred fifty fucking dollars
A bip38 paper wallet is free

>no one has an ellipal
Ordered an ellipal last night, did i get scammed?

>>13716873
>I get sent to prison for 5 years
wtf you doing

>>13716927
its for power users with profits to spend.

>>13716946
Lol, right

>>13716908
got it. thanks for clarifying.

>>13716933
>ellipal
Who shilled that to you?

>>13716946
This. Also, the nano s only costs €60. It has a few less fancy features, but it's just a secure.

>>13716677

No I haven't got one. I don't need one because I'm not a complete and utter idiot that can't be trusted with my own private keys.

>>13716945
>wtf are doing
being a white, right wing, freedom loving, straight, pro gunz, anti feminist male. which is really all it takes to get into trouble these days.

all of these things are fucking gay

>>13716677

is there a hole underneath to cover hinge? i usually keep it on my keyring, would probably have to drill a hole in it

>>13716994
relax anon
none of that is illegal
in fact that sounds like every republican man i know

>>13717038
there is a hole for a key ring for the ledger nano x. but the provided lanyard is like 4 inches long. youll need another lanyard.

>>13716677
Nice.
Patrician choice.
Seething poorfags BTFO.

>>13717069

yeah i dont trust that shit, I put the keyring through the big hole on the nano s

Using these things is like an adult going swimming with armbands, or riding a bike with stabilisers. They are designed to keep retarded people safe.

>>13717142
whats the alternative? paper wallets?

too cumbersome and time consuming to create and recover. plus they are easily damaged.

maybe an airgapped key generating/seed generating computer? but that's just as expensive as a hardware device if not more so. but at least you control some of the software in this case.

>>13717142
Or.. perhaps people with a lot of money in crypto just don't mind paying a little bit of money for the convenience and peace of mind?

>>13717038
>is there a hole underneath to cover hinge? i usually keep it on my keyring, would probably have to drill a hole in it

>>13717211
Keep your money on Binance like a real man or use a wallet app on your phone or paper wallet.

>>13717211

I keep my keys encrypted on my phone.

>>13717307

oh ok so you can put a keyring trough it sideways, thank you

>>13717339
you're a fucking dumb ass then

>>13716701
>not paying .00001 Xlm for fees.
Please KYS and live stream

Anyone in Australia got theirs yet?

>>13717404

So come on, if you're so smart why don't you tell us all what's advantage using one of these shit devices has over storing encrypted private keys on a phone?

>>13717488
you're trusting your phones not back doored by your
>operating system
>encryption program to store your keys

or that it isnt infected by a screenshot program when ever you copy and paste text, which you would need to do in order to recover your encrypted keys. you dumb fuck.

you have left yourself open to every vulnerability imaginable. its like saving your keys on your desktop computer in a password manager program. its fucking retarded.

>>13717568
not only that
>>13717488
but you just fucking told a stranger over the internet where to find your keys.

on your fucking phone in an encryption program.

congrats. they're more vulnerable now since this site is a NSA honeypot

>>13716927
A paper wallet cannot compute ECDSA signatures.

Hardware wallets are not for storing keys, they are useful for signing within a simplified and safer environment than a regular malware-ridden PC.

Paper backups are still useful (that's even how 99% of the Ledger users store their keys), but it doesn't serve the same purpose.

>>13716677
When are you planning to lock your coins?

>>13716701
Some say he still keeps his coins on Cuckbase to this day

>>13716884
just tried it and you're right it's surprisingly easy

did it while my phone was turned on though so I'm going to do it again with the battery taken out in case it was ((recorded))

>>13716677
How is this any more secure than say, BRD wallet on my phone? I still get my seed phrase incase I break my phone and it has biometric unlock which is surely more secure than a passcode on the wallet.

>>13716677
So is it solar flare/ emp proof? As far as im concerned just get a labeler. Print label and stick in the back of a small portrait. Put portrait in a fireproof safe. If those electronic wallet werent shinny nobody would buy them. Its just a vanity thing.

>>13717488
how are you going to send transactions?
thats right, you're going to manually input your private keys into some shitty pajeet wallet, or electrum on your malware ridden computer.

congratulations, you played yourself.

>>13716863
Ive had this exact same thing yesterday. The Ledger software even has a "Fix if stuck in Bootloader" option in the Help menu but that doesnt work either.


Are you running Windows 7?

>>13716787
The only peace Of mind I don’t get with storing in cold wallet is you can’t put a stop sell or make any immediate buys/sells if the price starts dumping.

>using bluetooth
I hope you guys know how trivial it is to intercept bluetooth signals. The ledger s is by design much more secure because communication is over a wire. Never trust wireless communication because it can be intercepted and tampered with!!

>>13717067
You can just call is men.

>>13717337
Based

>>13719540
your private keys dont go over bluetooth
your private keys never leave the ledger

>>13719601
I don't know who is this girl but thanks for posting, made me think of some stuff

>>13719608
Nope, but instruction "send x to y address" do go over bluetooth. Intercept, change y to z and boom all your coins are gone.

>>13719692
Your welcome frend.

>>13716677

Are you stateside? I'm told mine's coming end of May.

>>13716863
Download Legder live for desktop and just go to "repair device" in settings. Had that issue yesterday and that fixed it quickly.

>>13716677
I'm torn between getting a Ledger Nano X and a Trezor Model T.

The main selling point of the model T for me is the ability to type the passphrase on the device itself (full ascii character set) and not on the host keyboard.

Can you do that on a Ledger Nano X?

>>13716873
You can simply update the software using the desktop app. I hadn't updated mine in two years and it updated in a few seconds

How do I check my link balance on a ledger?

>>13716908
If you use the secret passphrase, is it still usable on other wallets?

>>13716832
>what is keeping your seed phrase in a fireproof safe

>>13719809
Yes. They have a ledger app for your phone.

>>13719850
But to move link stored on the ledger to another address, we still need to go through MEW?

>buying a hardware wallet that supports Bluetooth

>>13719809
>>13719987
MEW/mycrypto still
ERC-20 support still not in ledger live app yet

>>13716677
>muh crypto accessories for seasoned crypto investors
kys

>>13716884

What happens if you accidentally bump your head into a door and get memory loss?

Now that my crypto has some real value, I'm scared shitless one of the exchanges I keep it on will do an exit scam or something, but I also don't feel safe using software wallets like Electrum. So I'm guessing I should get a hardware wallet. I wanna buy Ledger Nano S, but on the list of supported coins I don't see Holochain (HOT), is it supported or not?

>>13716701
What kind of psy op is this?
Is Coinbase paying you for spreading this retardation?

>>13716831
wtf do you hold? bitconect?

>>13721647
All erc20 are supported so yes for now, probably will be as well after mainnet

>>13719465
their shit is very broken on windows 7. I had to go into recovery mode w networking last time to be able to do a firmware update

>>13718975
>how is a device that never leaks the private key to an internet connection more secure than a device that is most likely backdoored to hell and back since it's a mainstream consumer device and is constantly connected to the internet?
Gee, anon. I really wonder.

>>13716994
>tech illiterate brainlet
>/pol/
Checks out.

>>13718975
dont worry guys, we realized hes a poorfag who can't afford a 30$ wallet (Trezor) for that extra security, and peace of mind.. too expensive for all that

>cuck