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File: 82 KB, 1024x575, ledger-nano-s-auth-1024.jpg [View same] [iqdb] [saucenao] [google]
8982903 No.8982903 [Reply] [Original]

Daily reminder to invest in one of these if you haven't. You don't wanna get JUSTed for being "frugal" do you?

>> No.8982946
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8982946

I prefer trezor for the lock in feature.

BTC still sitting comfy at 17.5k.

>> No.8982961
File: 69 KB, 700x302, 1515752417974.jpg [View same] [iqdb] [saucenao] [google]
8982961

>>8982903
>can't lock in his btc and alts prices
>ledgers
Never going to make it.

>> No.8983051

Can someone explain how these work?

>> No.8983104

>>8982961
But instead we can stake our BTC
This shit lets you get more BTC even in bear market, while ur lock in feature will never change the number of BTC you own, a 1 BTC = 1 BTC irregardless of the $ price

>> No.8983145

>>8983051
It's for people too incompetent to spend thirty minutes learning how to make an air-gapped device dedicated to crypto wallets.

You plug one of these in to your computer and it talks to an application and it validates a transaction. Brainlets love it because they don't have to do difficult things like buy a $30 raspberry pi and load Raspbian on it.

The problem is that every hacker in the world is targeting these two high profile devices and will likely one day find an exploit, draining hundreds or thousands of wallets.

Also, even if you do buy one of these, be sure to figure out how to store your seed phrase securely. I stamp mine in to metal and hide copies of them in areas other than my home.

>> No.8983385

>>8982903

I just use a flash drive with an AES-256 encrypted folder with my private keys in it

>> No.8983429

>>8982903
>asked for a ledger for christmas right before the normie influx that sold them all out and doubled the price
Is there still a shortage?

>> No.8983555

>>8983051

Just buy one.

The TLDR; is your private key stays on the USB. When you plug it in to make transfers you vertify the transaction from the USB without giving it to the computer.

This means you can plug in the device to a keylogged computer or accidently go to a fake myetherwallet site and your private key and funds are completely safe.

It's literally the safest way to hold and move crypto.

>> No.8983618

>>8983385

No matter how safely you store your private key, when you type your private key into myetherwallet it could be stolen.

This is what hardware wallets protect you from.

>> No.8983652

>>8983555
>hold and move crypto.
This.
All paper wallet bois say, it is safe and easy to hold crypto on raspi. Sure it is, but the key feature is moving your coins.
Using a raspi as a secure hot wallet is a pain in the ass, unless you take your time to develop your very own multi-platform wallet script that can sign the txs it receives and retranslate them to the network from a connected pc

>> No.8983990

>>8983652
>turn on Raspberry Pi
>copy transaction info to it
>open any wallet that has a linux client
>run transaction
>turn off Raspberry Pi

My process is just as easier or easier than yours and supports more wallets.

>> No.8984012

>>8982903
I think the exchanges carry my coins just fine.

>> No.8984774

>https://www.ledgerwallet.com/cryptocurrencies
most coins i own are not supported.. or are there more supported as listed here?

>> No.8984848
File: 18 KB, 485x443, zug zug.png [View same] [iqdb] [saucenao] [google]
8984848

>>8984012
You very smart
Will become big chief

>> No.8984936

>>8983990
Serious question Anon, is there a guide for this? I have a Pi 3 sitting at home collecting dust

>> No.8985050

>>8983145

Explain how a ledger nano could be hacked

>I'll wait

>> No.8985087

>>8985050

He can't, this anon just wants to be gay for the sake of being gay. It's impossible to hack the Ledger Nano S. Not only would you need the 24 word seed, but also have physical access to the two buttons on the device itself. Not to mention a host of other hurdles you would have to cross like knowing the 7 digit entry combination.

>> No.8985098

>>8985050
It can't based on the hardware alone, but that doesn't stop retarded FUDers. Any exploit would involve physical access at some point.

>> No.8985134

>>8983618
Hardware wallets are great for spending, not storage. For long term storage I'll stick to paper/encrypted flash drives.

>> No.8985540

>>8985134
what's your choice of software in creating encrypted flash drives?

>> No.8985579

>>8982903
Binance is better than a ledger. Big headed chink keeping funds safe vs plastic

>> No.8985814

>>8983990
Are you connecting pi with your pc at some point?
How do you retranslate the signed tx from your PC?