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5713121 No.5713121[DELETED]  [Reply] [Original]

>he doesn’t use a ledger for his shitcoins

Why not?

link if anyone needs it
Https://www.ledgerwallet.com/r/849b?path=/products/ledger-nano-s&tracker=849b

>> No.5713140

WHat does that do?

>> No.5713178

But i am. Not worried about anything happening to online exchanges/wallets now

>> No.5713188

>>5713140
I got mine 2 days ago and tbfh I don't see it as anymore secure than a paper wallet.

>> No.5713207

>>5713140

Maintains your private key offline in a hardware wallet. The coins are not on the Ledger as some people incorrectly say, they are always on the blockchain. However there is a lot of increased safety in maintaining your private key offline in such a way. However Im scared shitless of not having it written down on a cloud or something so if your house burns down your key is gone. Some people print their safety words in multiple locations, or store it on an offline PC under an encrypted file.

>> No.5713232

>>5713207
What’s a private key?

>> No.5713235

>>5713121

>tfw had a ledger for 14 months and only used it once
>tfw I have 300k sitting on multiple exchanges

Why not? Because I'm a boss

>> No.5713267

>>5713121
take off the plastic from the cable you fucking degenerate

>> No.5713295

>>5713232

Essentially your password to your wallet. A public key is your address, used to receive and transfer funds, visible on the blockchain. A private key is your password so you can get into your wallet in the first place

>> No.5713301

>>5713207

I have an envelope at the bank, costs me 55 bucks a year. its good too because your next of kin will get it if you die.

>> No.5713306

>>5713121
Can I due this on my samsung 8+? This would solve so many issues for me.

>> No.5713319

>>5713232
You need to do some research on how cryptocurrency works friendo.

The private key gives you access to send transactions from a wallet address on the blockchain. That's what you own when you buy bitcoin, you really own the keys to unlock funds. You never actually possess a coin as such

It's literally just a mix of letters and numbers and can be transformed by a SHA to give you a public wallet address

>> No.5713327

>>5713267

lmao

>> No.5713342

>>5713267
Gotta keep it fresh so I can try and sell it as new when the crypto bubble POPS

>> No.5713362
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5713362

Bought mine 5 days ago and still pending shipping.

>> No.5713374

>>5713319
Why would I need a wallet? Why can’t I just keep everything on the exchanges?

>> No.5713677

imagine some kind of exchange app that exchanges all the coins without an exchange, i think i've seen some upcoming coins that do this. the speed and convenience of an exchange with the security of holding your private keys at all times. maybe even on your phone connected to a wallet by usb for extra security.

>> No.5713707

>>5713121
Does it have GPS? If not, I will make one with GPS app for your phone and make lots money. Rajash programs.

>> No.5713788

>>5713374
Its not fully yours unless you have it on hardware

>> No.5713826

Christmas litmas

>> No.5713971

>>5713188
It's more secure because by default it uses a new address for every transaction, and you don't need to move your entire balance into a hot wallet in order to spend it. Also the device has a screen which shows send/receive addresses, which avoids malware that changes the address displayed on your computer's screen.

>> No.5713983

they're absolute garbage and buggy as fuck, stay away

>> No.5714094

>>5713983

more information? As I understand, they are near flawless with Ethereum and Bitcoin, only trouble is with some new altcoins. Am I wrong, do BTC and ETH have issues?

>> No.5714119

the thing is altcoins move and change so fast legder would need to store at least 100 coins to be viable.

>> No.5714250

>>5713121
Reported your affiliate link to 4chan and Ledger. Ledger doesn't even allow 4chan traffic and they will ban your ass.

>> No.5714259

>>5714094
No issues

>> No.5714260

>>5714094
unusable with bch and support is absolutely useless and dont give a single fuck, their cto reponds to people having their money stuck in limbo with things like "maybe we will fix it next month"

fucking lazy french surrendermonkies, ledger is not a serious company

look at their subreddit various problems that are not being solved, i had to enter my recovery phrase on my computer on non-ledger software to get my coins off of the ledger

>> No.5714302

>>5714260

Alright, thanks. I only bought mine to store my ERC-20 ICO token on it, maybe some Ethereum. So it sounds like for those purposes it will be acceptable

>> No.5714316
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5714316

>>5714250
Ownaj idioth

>> No.5714326

>>5714302
personally I will probably never use it again, you are forever at the mercy of incomptent french engineers and their API might go down at any moment and they wont fix it until 6 weeks later

>> No.5714346

>>5714326
Weewee
It owns I swear

>> No.5714359

I have one it owns

>> No.5714465

>>5714260
There's your problem. Ledger doesn't deal with shitcoin cash.

>> No.5714524

>>5714250
The year has only started and yet you've set the bar for dumb shit extraordinarily high. Good job, anon.

>> No.5714539

>>5713301
>trusting the jews
anon, I think you're missing the point of crypto

>> No.5714545

>>5714326
>you are forever at the mercy of incomptent french engineers
That's not how this thing works though.

>> No.5714552

>>5713232
kys

>> No.5714578

>>5714326
Who gives a flying fuck? You have a recovery passphrase written down - you own the coins.

>> No.5714605

>>5714552
What does that mean?

>> No.5714616

>>5714465
actually it does you fucking retard

>>5714545
thats exactly how it works, youre dependent on their abysmal api to transmit transaction info to the blockchain, enjoy

>> No.5714718

>>5714578
you fucking retard, as soon as you enter that code on any computer you have compromised the security that the ledger brings, fucking brainlet

>> No.5715065

What if you lose it. How is it more secure than a bread wallet

>> No.5715190
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5715190

>>5714718

thats not how a hardware wallet works, if it was there would be not logic in owning one

>> No.5715459

>>5713121
if this thing fucks up, you will lose all your money

>> No.5715558

>>5713121
>hardware wallet
>telepots behin u
>steels usb
>nothin mooned kid
>???
>secure
You're better off just storing that shit on a fully encrypted drive with backups and not using it on shit OSes.