/biz/ - Business & Finance

[Anonymous No.50719977]

why not just write down your keys on paper and store them safely? you have to keep this usb stick safe anyways, might as well save the $50...

[Anonymous No.50720022]

>>50719977
Checked, but you can't store crypto on a piece of paper RETARD!1 It's digital money and therefore has to be stored electronically, like on Ledger or Google Drive (:

[Anonymous No.50720031]

>>50719977
It's very convenient

[Anonymous No.50720042]

>>50719977
you cant show off to women

[Anonymous No.50720079]

>>50720022
>Google Drive
smart!

[Anonymous No.50720086]

>>50720022
>has to be stored electronically, like on Ledger
It's not stored on the device, that's not how hardware wallets work. Do you even crypto bro?

[Anonymous No.50720098]

>>50720022
>store your keys on google drive

[Anonymous No.50720106]

>>50720022
based checked and witnessed fellow kekistani. i can text myself my keys on my iphone and back it up to clouddrive

>>50720031
what exactly is convenient about it? like, why cant i just fetch my keys from my safe, access myetherwallet, and do transactions then?

[Anonymous No.50720126]

>>50720022
>you cannot write down your seed phrases on a piece of paper
are you actually illiterate or just completely retarded?

[Anonymous No.50720146]

>>50719977
>why not just write down your keys on paper and store them safely?
in case you cant enter them into a PC safely

[Anonymous No.50720179]

>>50720022
actually a good bait post on /biz/? I must be dreaming

[Anonymous No.50720187]

>>50720106
problem being you're to low iq for this to be safe method, of storing your keys.

[Anonymous No.50720230]

>>50719977
you need a wallet address and can't just write that and do a transaction on paper.. this stick provides that address

[Anonymous No.50720235]

>>50720187
everything you say in this thread is automatically filtered because you cant recognize bait

[Anonymous No.50720257]

>>50720230
makes sense. so 1 ledger = 1 address, so you can plug it in to your comp and use a ledger-native UI to send?

[Anonymous No.50720263]

>>50720106
Yes! iPhone or iPad works too.

[Anonymous No.50720624]

>>50719977
it's more than just writing your private key on a piece of paper

the private key can never touch the internet; that means no metamask.

you have to create the wallet in pure web3 over an airgap, or an extremely limited setup with your own node (the wallet can only communicate with your node and not the general internet) and heavy firewall or some shit.

ledger's are expensive and limited, you can replace them completely with an old shit airgapped laptop with reliable HD and it's the exact same concept.

ledger isn't exactly airgapped either it's using bluetooth; the most secure of wireless standards

[Anonymous No.50720736]

>>50720624
essentially you can just make your own ledger with whatever bullshit you already have and some code.

do you really trust someone else's code over your own right now?

[Anonymous No.50720864]

>>50720022
>getting scammed into leaving your coins on the block chain and having a """"paper wallet"""
If you can't download your coins then they aren't yours.

[Anonymous No.50721069]

>>50720624

[Anonymous No.50721145]

>>50719977
holy shit /biz/ is so poor they're concerned about saving $50...it really is over

[Anonymous No.50722104]

>>50719977
ffs.. because you will need to expose your private key to a computer, which most likely is online or it will need to be to broadcast a transmission to the blockchain. Using a hardware wallet you prevent your private key from being exposed to an online computer which may be hacked. The hardware wallet processes the transaction and forwards the results. The private key is never exposed.

[Anonymous No.50722479]

>>50722104
physical key on the hardware wallet to confirm transaction is what you are paying for

[Anonymous No.50722534]

[Anonymous No.50722546]

>>50720022
Majestic bait
8/8

[Anonymous No.50722904]

>>50719977
How are you faggots buying and moving crypto onto hardware wallets and back onto exchanges to conduct trades ?

[Anonymous No.50723029]

>>50720022
well done anon (:

>>50720624
based

>>50722104
alright, but you can also do that with any air gaped device. first duckduckgo result https://www.cryptocompare.com/wallets/guides/how-to-make-a-bitcoin-offline-transaction/

[Anonymous No.50723048]

>>50722904
>
nobody does that
who would you rather trust a exchange with billons on the line or some adhd nobody with a gambling addiction

[Anonymous No.50723231]

>>50722104
This anon get it, the purpose of a ledger is to have a hot wallet that is secure. Cold wallet is ideal for long term storage, but when you store on a cold wallet your funds are not easy to access. Ledger gives you the benefits of a cold wallet with the accessibility of a hot wallet... its not fucking rocket science.
>>50723029
>but you can also do that with any air gaped device.
Yes, but is it more cost and time efficient to maintain a known clean of malware air gapped PC that you have to continually have to install new and different blockchain software on for every different chain (Bitcoin wallet, ETH Wallet, XRP Wallet, ADA wallet, SOL wallet, DOT Wallet, DOGE Wallet... Etcetera) .... rather than spend the $50-$100 just to buy yourself a ledger and not deal with the hassle?

[Anonymous No.50723310]

>>50723231
i agree it seems less of an hassle if you send cryptos often and not just store them for a long time

[Anonymous No.50723351]

>>50720106
>what exactly is convenient about it?
You can enter a code on your ledger and access your wallet. It's all hardware-side as well. While it's always actually "hardware-side," your device is less vulnerable when it's literally only used for the one purpose of storing your private keys.