Buying a used Ledger... Yay or Nay? - page 2.

bob123

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Quote from: 9thsky on October 26, 2020, 09:06:38 AM

1) Cheap is relative.

That's true.
But during the black friday sale, it will be cheaper than without the sale.

Also, you probably won't get it much cheaper 2nd hand. And if you do, i'd be suspicious.

Quote from: 9thsky on October 26, 2020, 09:06:38 AM

2) No such thing as black Fridays here.

Ledger does the black friday sale.
It doesn't matter where you live. If you live on planet earth, there is the black friday sale you can make use of.

Quote from: 9thsky on October 26, 2020, 09:06:38 AM

3) Don't use € here.

Ever heard of currency conversion?

The world works even without every country using the same currency.

Quote from: 9thsky on October 26, 2020, 09:06:38 AM

4) The question is to find out if the risks could be eliminated.

No, they can't.

You can never eliminate all risks with buying a second-hand hardware wallet.

mocacinno

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https://merel.mobi => buy facemasks with BTC/LTC

Quote from: 9thsky on October 26, 2020, 09:06:38 AM

1) Cheap is relative.

2) The question is to find out what the risks are.

1) Well, 59€ if you buy a new one right now, but if you wait untill black friday or cyber monday they usually do promotions. IIR, last year you got 30% off, if they do the same this year you'll pay a little over 40€ for a ledger nano S.

Really, if you're not willing to spend 40€ for a new hardware wallet, you're probably better of using a desktop wallet instead. I'm a big fan of hardware wallets, but only if you follow the correct procedure. If you're going to buy a pre-owned device from an unknown individual to save $20 and then use this device to store thousands of dollars you might need to rethink your opsec.

2) somebody could have tampered with the hardware or somebody could pre-initialise your device. Also, buying a hardware wallet from an unknown individual might make you more suspectible to a $5 wrench attack. It's not like buying this device from an official vendor reduces this risk to 0, but I'd rather trust ledger or amazon than an unknown individual.

9thsky

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Quote from: mocacinno on October 26, 2020, 08:56:08 AM

I wouldn't buy one.

A brand new nano S from an official distributor (or ledger directly) costs 59€, and black friday is right around the corner... Why would you risk buying a potentially modified hardware wallet if a new one is so cheap?

1) Cheap is relative.

2) No such thing as black Fridays here.

3) Don't use € here.

4) The question is to find out if the risks could be eliminated.

mocacinno

legendary

Activity: 3612

Merit: 5297

https://merel.mobi => buy facemasks with BTC/LTC

I wouldn't buy one.

A brand new nano S from an official distributor (or ledger directly) costs 59€, and black friday is right around the corner... Why would you risk buying a potentially modified hardware wallet if a new one is so cheap?

9thsky

member

Activity: 240

Merit: 54

What's the consensus on buying a used Ledger? I understand it's risky, but if one was to follow all the known precautions, including the the ones listed on Ledger's site, would it still be risky...practically...not theoretically?

Edit: I guess I should mention that I am not in the US. And there are no official Ledger sellers here...or unofficial ones for that matter. Ordering online - besides it costing a boat load more - is not a viable option due to the pandemic. So yeah, appricate input on the specific query being posed.

Topic: Buying a used Ledger... Yay or Nay? - page 2. (Read 310 times)