/biz/ - Business & Finance

It's uncomfortable having it in my ass all the time and messy when I have to use it.

There is none. It is objectively the most secure and easy to use way to store/spend crypto. Unless you are poor and cant afford the 60$ (like the guys below me who will say a paper wallet is "just as good").

>>8926113

Upgrade to one with curved edges and waterproof for ease of washing. Much better for these things

You have to trust the company making them.

>>8926101
Too expensive, a paper wallet is just as good

>>8926113
>not putting it in a condom, tieing a knot on the condom, and tieing the end of it to your dick with a piece of string
it's like you don't want to make it

Pros:
-Price locking

>>8926101
You can't panic sell your bitcoins in an instant when you come home drunk and see the price has fallen 0.14%

>>8926101
you might lose the fucking thing. it might break. you might write down the pin and it gets eaten by squirrels.
i just keep my funds on binance
it's not recommended but at least if it gets hacked or whatever i can blame them.
if i put it in a hardware wallet and lose it or forget the pin, i can only blame myself.
then i would probably an hero

>>8926174
>being this retarded

>>8926174
Also if Binance gets hacked, they would probably pay back the money to the users.

>>8926142
>tfw bitcoin price locked at $19600

>>8926133
Yeah, this way it serves as a boner hiding apparatus at the same time, so no need for an extra one, saving money the /biz/ way

>>8926174
i just keep my funds on binance

lol

>>8926174
I keep my funds on binance too. If there was a major hack, good chance binance would be able to recoup or the devs do a hard fork.

It promotes the hodl meme

>>8926239
I'm also too cheap and don't feel like getting a ledger.

>>8926233
>imagine these things in your ass
hnggg thats fucki hot

I don't like these hardware wallets at all. I just make my own. SSD + Encrypted paper wallet seed phrase + PGP encrypted wallet on airgapped installations / usb's. It is a little more expensive, but the security in my opinion is a whole lot better. I even have some cloud backups (Encrypted seed phrase + PGP encrypted + passworded package). So if we get nuked its still in IPFS, Dropbox, Mega.

>>8926239
newfag, not IF but WHEN the exchange get hacked/admins kidnapped i will remember you, too fuckin cheap to secure your financial future....pathetic
stay poor

>>8926101
The major cons of not having a hardware wallet far out way the cons of not having one. stay poor newfags

>>8926233
if binance went down, crypto would take a loooooong time to bounce back

>>8926284
i have my seed etched into a stainless steel plate! kept in a fire proof safe

because a software update could jew you out of your shekelcoins

>>8926174

You think you'll recover your funds because they're on Binance and Binance will reimburse you? LOL

This isn't a Japanese exchange. If Binance gets hacked you're fucked. Retard.

>>8926399

What if someone spills jet fuel on it? You're fucked too

>>8926446
i'm aware of this. there is risk in leaving funds on the exchange. there is risk in putting funds in a hardware/software wallet.

>>8926325
this

>>8926489

I have my long term savings on a normal USB which has ubuntu installed on it.

Along with that I have 2 CDs and another USB with the private keys. I also have the private keys written in a book, hidden in plain sight.

At the moment they're all in one room though...

>using overpriced memory sticks with buttons
>keeping your coins on the exchange

a non-faggot would simply keep his private keys in an encrypted state on multiple storage devices, and somewhere online.

>>8926489
no there isn't faggot. I can literally give my nano to a random person on the street and still have my fucking funds.

pic related

>>8926174
So fucking dumb lmao

Hardware updates implies security breaches were found. New viruses could be invented in the future. I heard there are even ways to get around the “have to physically press the buttons” point. And the old you can accidentally send it to the wrong address.
I made a few copies of the keys and keep my wallet on my keychain. I figure, I haven’t lost my keys or my wallet in at least four years now so it should be safe enough on my person.

>>8926101
Ledger is a shell corporation for a certain unnamed alphabet agency. Names are matched with orders, and back doors are in place to implement wifi tracking when certain parameters are met.

Is MEW safe?

>>8926523
i'm more concerned about my private keys being intercepted because my computer/phone have been hacked. to access my binance account you need my password and GA 2fa code. seems less likely a hacker could get these than scanning my clipboard for a private key.

>>8926611
>Is MEW safe?
yes. but mew isn't really a wallet. more of an interface.

>>8926624
then get a hardware wallet. What happens if your phone dies? (This is a test question)

>>8926611
If you don't own the private key it is not safe.
If you store the private key on an insecure device (e.g. a computer) your wallet is not safe.
Hardware wallets are exactly built for this reason, they store your private key securely and allow you to access your funds even using an insecure or compromised device.

>>8926524
and exposing the private keys when making transactions

brainlet

Purchasing a hardware wallet produces proof that you own cryptocurrency

>>8926636
get new phone ready. input GA recovery key into binance, enable 2fa on new phone.

>>8926722
ledgers were sold out everywhere, every newfag and his mom have 1

>>8926101
Mainly the risk that the price can rise after you lock it in. You can miss profits

>>8926215
> exchange loses all money
> expects to get reimbursed

>>8926351
> its too big to fail

Binance has a history of *unplanned maintenance* and hack attacks.
I stopped trading shortly after the viacoin incident.
I am a poorfag, so to trade effectively, I need to trade with all my funds. And I can't handle those #fundsaresafe situations.
I clenched my buttocks and spent $150 on a nano to stay safe. Never been calmer bout my investment

>>8926751
There's a receipt in printed and/or digital form out there that you purchased one.
That's what matters

I've had old USBs which have become corrupted and lost their data, who says the same thing won't happen to a Ledger?

>>8926789
>>>8926351 (You)
>> its too big to fail
i'm not saying it is too big to fail. i am saying that my crypto wouldn't be worth shit anyway if a massive player like binance went down

>>8926118

This

>>8926174
Are you guys actually this retarded or is this a meme? Your shitcoins are not _in_ the ledger, it acts as a key to your wallet. You can restore your wallet with the seed if you lose it. You can do this with another ledger or a wallet that supports seed words.

>>8926463
Jet fuel im ok with, i don't believe in the jet fuel meme, its the thermite, that is what i worry about, it keeps me up at night

>>8926463
UNDERRATED

>>8926142
I've always wondered how to do this? I wish I locked my BTC at 19k in December...

USB memories and SD card fail sometimes. How do I know this will not fail?

#fundsaresafe

> #fundsaresafe
notto disu shittu agen

what happens if u connect two ledgers together?

>>8926118
>herpa derp security and shit
>literally recommending spending money on closed source garbage for ""security""

You have no idea what you're on about. An old android device can be setup as cold storage as securely as the ledger meme and practically free as everyone has an old android lying around doing nothing.

If you're gonna spend money on a wallet and it's not foss like trezor go ahead, just remember you're a pleb and literally throwing money away just to think you're secure.

>>8926399
I just circled the words of my seed in the holy bible. Ain't nobody ever going to look into that

>>8927781
I am ok with throwing money at my emotional stability.
Are you?

It's annoying when you lock in a price and the price goes up, other than that, it's great.

who /spread across exchanges/ here

>>8926722
I'm more worried about my bank deposit on Kraken

>>8926776
>>8928362
wtf is price lock in?

>>8926883
of course it can happen anon, you need to write down and secure the seed phrase as your backup

>>8928510
you can lock the price at any price you choose only on your particular ledger though. say you locked the price at 19k back in december the exchanges would buy it for 19k because the price has being locked at 19k

pretty good hey

>>8926233
Enjoy getting your cheeks ravaged

>>8928570
I am sorry, I don't understand, can you fucking tether up on ledger? Wtf is this shit, do you have a link for a fellow retard?!

>>8928684
You don't tether up. It just sets the price of the coin at whatever It was worth when you put it in the ledger.

>>8928684
No, you don't need any tether
Ledger hedges your risks for you. That is why they cost this much and are hard to find smtimes

>>8928684
Its a meme.

>>8928727
thx bruh, I was real confused for a second
>>8928724
>>8928725
fuck u fags, how did this meme even come up, just suddenly started about locking price in, wtf

>>8928250
Me too but I'm not a retard so getting a ledger wouldn't help with that.

>>8928451
Don't worry Roger Ver owns part of Kraken.
If anything happens to Kraken I'm sure he will help us out, just like Mt. Gox.

>>8928786
well, now I understand why everyone is suicidal depressed fag on this board. so paranoid and autistic that you have to use custom CD and SSD setup to avoid paying 100$ for a good wallet. I guess that story about guy learning about linux and becoming heroin addict is true.

>>8926101
I have a trezor and a ledger. I prefer my trezor.

Leaving shit on Binance is the Chad way. Funds are safe isn't a meme

>>8928786
>>>8928250
>Me too but I'm not a retard

The insecurity and chain of posts says otherwise