Topic: Explain to me the security of the Stellar Lumens / Ledger Nano S wallet system (Read 113 times)
January 09, 2019, 10:56:31 PM
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January 08, 2019, 11:37:39 AM
I just got out of my Stellar wallet and disconnected my Ledger from my PC. I put the address https://www.stellar.org/account-viewer/#!/dashboard in the Chrome browser, then I copy and pasted my secret key in the top line. And hit Sign In. And it did! It doesn't even use my Ledger, so how the hell is this secure?
I guess the "security" comes from me not losing the secret key or giving it to anyone. I expected more. If I hit "sign in with ledger" at the bottom it shows a zero balance.
I guess the "security" comes from me not losing the secret key or giving it to anyone. I expected more. If I hit "sign in with ledger" at the bottom it shows a zero balance.
January 08, 2019, 10:19:37 AM
I don't know what are you talking about, please explain better. I use ledger nano s more than 1 years, don't have any issue while using the stellar website, please look at (2), why made an account and write down private key? You just direct login with your nano s, after that the page will display your stellar public address, maybe you send xlm to different address?
January 08, 2019, 09:56:54 AM
For whatever dumbass reason, getting Stellar Lumens to save on a Ledger Nano S is one of the more fucked up stupid ideas I've seen in a while.
I've gone through the initial steps. I've:
1. Downloaded the Stellar app on my Ledger Nano S from the Ledger Live page. I have the current 1.4.2 firmware.
2. Gone to https://www.stellar.org/account-viewer/#!/dashboard and made my account, copy and pasted my secret key to several document files, and signed in through my Ledger Nano S.
3. I did an initial transaction of 25.4 Lumens to set up and verify the wallet from my exchange account (Bittrex). It shows the 25.4 Lumen balance as having transferred, and I see it on the Stellar account page as well.
So.... what now? This is it? I'm supposed to trust an outside, unknown website with my Lumens, and the idea of "you sign into it with your Ledger Nano S", is supposed to make me feel secure? What if the website gets hacked or otherwise fucked up? What if there's nothing for me to sign into with my Ledger Nano S? What then?
Am I reading this right? This is the only way to store Lumens aside from leaving them on the exchange I bought them on?
I'd like to be able to store the Lumens directly on my Ledger Nano S as one does with XRP, Litecoin, etc, instead of involving an outside party website, even if it is Stellars' own site. You'd think Ledger would have handled this better.
I've gone through the initial steps. I've:
1. Downloaded the Stellar app on my Ledger Nano S from the Ledger Live page. I have the current 1.4.2 firmware.
2. Gone to https://www.stellar.org/account-viewer/#!/dashboard and made my account, copy and pasted my secret key to several document files, and signed in through my Ledger Nano S.
3. I did an initial transaction of 25.4 Lumens to set up and verify the wallet from my exchange account (Bittrex). It shows the 25.4 Lumen balance as having transferred, and I see it on the Stellar account page as well.
So.... what now? This is it? I'm supposed to trust an outside, unknown website with my Lumens, and the idea of "you sign into it with your Ledger Nano S", is supposed to make me feel secure? What if the website gets hacked or otherwise fucked up? What if there's nothing for me to sign into with my Ledger Nano S? What then?
Am I reading this right? This is the only way to store Lumens aside from leaving them on the exchange I bought them on?
I'd like to be able to store the Lumens directly on my Ledger Nano S as one does with XRP, Litecoin, etc, instead of involving an outside party website, even if it is Stellars' own site. You'd think Ledger would have handled this better.
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