Buy crypto using Ledger Live - page 2.

The Sceptical Chymist

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Quote from: dkbit98 on June 11, 2020, 05:05:43 AM

What is also important is that with using their partner Coinify you will have to submit your KYC.
That means that your ledger will now have 'nice' connection with your photo and real documents. Tongue

Good point if true--but I don't necessarily see it as a bad thing since the service (and KYC document submission) is optional. It isn't as though Ledger is forcing people to buy crypto through their partner. I see this more as Ledger trying to stay competitive with other HWs that offer similar services.

I haven't tried buying bitcoin through my Ledger, but I could almost guarantee that I'd be ineligible to do so because of where I live anyway. I'd be interested to hear from people who've done it, though.

dkbit98

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Quote from: Lucius on June 12, 2020, 07:31:00 AM

There's no reason to think I'm stupid so I can't figure some things out. I've been on this forum a lot longer than you, so I’m just stating some general opinions that have prevailed for years when it comes to hardware wallets. You put same link again, do you think I am not capable of finding Ledger retailers page or that I did not see same link in your previous post?

I never said you are stupid, and being longer on this forum than me means what exactly? You are smarter than me and all who joined after you?
I don't know what you are capable off honestly, but no need to go more offtopic with this. Wink

I don't like option to buy anything from my hardware wallet, and I don't like Ledger Live app partnership with Coinify.
My prevailing opinion.

Lucius

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Quote from: dkbit98 on June 12, 2020, 04:57:40 AM

Prevailing what?
This is official Ledger retailers listed on their website.
https://shop.ledger.com/pages/retailers
or become retailer and Ledger Partner yourself:
https://ledger.typeform.com/to/nIcfT9
If they can manipulate and change ledger wallet, so can your mailman and customs.

If you are so concerned about that maybe go directly in their factory.

Dedicated mailboxes are not free, but people who order things online and care about privacy all know about them.
It is not top secret in the western world...

There's no reason to think I'm stupid so I can't figure some things out. I've been on this forum a lot longer than you, so I’m just stating some general opinions that have prevailed for years when it comes to hardware wallets. You put same link again, do you think I am not capable of finding Ledger retailers page or that I did not see same link in your previous post?

joniboini

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Going a bit off topic here guys.

Anyway, I wonder why more and more services are trying to do this kind of thing. It's as if they don't support buying crypto with fiat then they're out of date. Not sure why I would use a hardware wallet software to buy crypto, where there are dozens of options out there. Ledger doesn't have to follow the trend honestly.

dkbit98

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Quote from: Lucius on June 12, 2020, 04:55:32 AM

In the crypto community, however, the prevailing opinion is that the only correct way to buy hardware wallets is to buy directly from the manufacturer. We can discuss whether this is better or worse than buying from authorized resellers, but some people have no choice but to order directly from the manufacturer. Regarding dedicated mailboxes, I know such things exist but I believe it is not a free service and something that is known to everyone.

I’m familiar with Links selling Ledger HW, as well that Trezor can be purchased in Bitcoin Store physical offices in ZG&ST.

Prevailing what?
This is official Ledger retailers listed on their website.
https://shop.ledger.com/pages/retailers
or become retailer and Ledger Partner yourself:
https://ledger.typeform.com/to/nIcfT9
If they can manipulate and change ledger wallet, so can your mailman and customs.

If you are so concerned about that maybe go directly in their factory.

Dedicated mailboxes are not free, but people who order things online and care about privacy all know about them.
It is not top secret in the western world...

Lucius

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Quote from: dkbit98 on June 11, 2020, 05:30:45 AM

And there are ways you can buy your hardware wallet without anyone knows you or your details,
for example local shops or dedicated mailboxes.

In the crypto community, however, the prevailing opinion is that the only correct way to buy hardware wallets is to buy directly from the manufacturer. We can discuss whether this is better or worse than buying from authorized resellers, but some people have no choice but to order directly from the manufacturer. Regarding dedicated mailboxes, I know such things exist but I believe it is not a free service and something that is known to everyone.

I’m familiar with Links selling Ledger HW, as well that Trezor can be purchased in Bitcoin Store physical offices in ZG&ST.

dkbit98

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Quote from: Lucius on June 11, 2020, 05:28:31 AM

When you buy a hardware wallet you leave all your data to the company you are buying from, and at least as far as Ledger is concerned, each packet has their address prominently displayed, so that anyone who comes in contact with it can very easily connect the dots. Which means that my postman can easily understand that, and after a couple of beers in the pub, tell others that I'm doing something with crypto/Bitcoin.

Here we are talking about third party aka Coinify.

And there are ways you can buy your hardware wallet without anyone knows you or your details,
for example local shops or dedicated mailboxes.
Nobody knows my details for my hardware wallet.

Retailers:
https://shop.ledger.com/pages/retailers
https://www.links.hr/hr/bitcoin-wallet-ledger-nano-s-za-kriptovalute-410600024

Lucius

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I don't see that this kind of service is generally bad, especially since it integrates the use of hardware wallets with crypto exchange. It will certainly make it easier for some users to buy coins, and at the same time allow them to stay in a safe environment, without the possibility of falling victim to phishing or clipboard malware. This will only be possible if they use the hardware wallet in the correct way, by checking each address/transaction on the device screen.

Quote from: dkbit98 on June 11, 2020, 05:05:43 AM

That means that your ledger will now have 'nice' connection with your photo and real documents. Tongue

When you buy a hardware wallet you leave all your data to the company you are buying from, and at least as far as Ledger is concerned, each packet has their address prominently displayed, so that anyone who comes in contact with it can very easily connect the dots. Which means that my postman can easily understand that, and after a couple of beers in the pub, tell others that I'm doing something with crypto/Bitcoin.

dkbit98

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What is also important is that with using their partner Coinify you will have to submit your KYC.
That means that your ledger will now have 'nice' connection with your photo and real documents. Tongue

Something hardware wallet should never have...

bob123

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Ledger Live is an interface for a hardware wallet. Honestly, they shouldn't integrate such services.

If people want to use such a service, they are free to visit the website directly and buy crypto that way.
If there is some kind of error happening on coinify's site, ledger will be blamed for that. Especially by new comers.

I am completely against integrating this service into a wallet. Since i do not user ledger live at all, i actually don't care.
However, i am interested to see how many people will complain in the hardware wallets sub about bad rates etc. blaming ledger.

sunsilk

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There's a recent update for Ledger live and that's what the title says, you can now purchase crypto using their app as they've integrated with Coinify. The available cryptos are not that much yet this may be ease for other users.

Quote from: https://www.ledger.com/buy-crypto-in-ledger-live

This feature, operated by Coinify, is available directly in the Ledger Live application. Pick your favorite crypto among Bitcoin, Ethereum, Bitcoin Cash, or Dash and buy it using your Credit Card or a Bank Transfer. Stellar and USDT will soon be available to buy directly through Ledger Live.

Source: https://www.ledger.com/buy-crypto-in-ledger-live

Topic: Buy crypto using Ledger Live - page 2. (Read 713 times)