Topic: Etherdelta connects to Ledger - Any concerns (Read 182 times)
Thank you for the detailed responses. Feel better about making the link with the ledger.
It works by the same way that you can connect your ledger to Myetherwallet, it is very safe because the only way to open your wallet is just by turning on the Ledger.
The same happens with the Nano wallet, the private keys are never exposed so you can never be in a risky situation, that is the main purpose of why those kind of wallets have been created for.
I have it connected to MyEtherWallet and i have never had any problems so far, in fact, it is very safe, only because they dont even know which one is your private key because it is "encrypted"
The same happens with the Nano wallet, the private keys are never exposed so you can never be in a risky situation, that is the main purpose of why those kind of wallets have been created for.
I have it connected to MyEtherWallet and i have never had any problems so far, in fact, it is very safe, only because they dont even know which one is your private key because it is "encrypted"
I noticed that Etherdelta can connect to my Ledger device for transactions. Does that expose any private key or other sensitive information to Etherdelta?
No. All the private keys are in the chip itself and this poses no risk for your private keys. Ledger can also make transactions through Electrum and that does not make it insecure.
Here you can see different comments from fellow bitcoin/altcoiners.
https://bitcointalksearch.org/topic/can-i-trust-etherdelta-with-my-private-keys-2024093
I noticed that Etherdelta can connect to my Ledger device for transactions. Does that expose any private key or other sensitive information to Etherdelta?
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