Hardware Wallet(Ledger) for BTC, LTC, DGB, KMD, XTZ, AION and ZILLA

bL4nkcode

copper member

Activity: 2142

Merit: 1305

Limited in number. Limitless in potential.

Quote from: magnumwallet on December 14, 2018, 05:46:30 AM

In Magnum, to store your private keys you can use both the Ledger device and a backup file which is used to encrypt the private keys. Your wallets from Ledger are available as watch-only at any time, therefore Magnum is pretty convenient in case you don't hold all your crypto on Ledger. It's available to store no more than 3-4 coins on Ledger since it has not so much memory so I suppose not so many people use only Ledger.

Most people that matter their security use ledger Hardware wallet or any HW. Holding x numbers of coin in a hardware wallet doesn't matter, security does. Also, there's nothing new with the wallet you're introducing from the existing ones.

Quote from: magnumwallet on December 14, 2018, 05:46:30 AM

BTW, does Ledger work with Android devices?

Yes, mycelium does but only for bitcoin though.

magnumwallet

jr. member

Activity: 57

Merit: 5

Quote from: Potato Chips on December 13, 2018, 01:55:57 AM

Quote from: magnumwallet on December 12, 2018, 07:19:39 AM

MEW is only for ETH-assets, instead Magnum is a universal wallet where you can hold a lot of different assets. Of course, you can use Ledger platform, but in case you have assets which are not stored on Ledger what have you do?

Okay wait, I should have added more context. What I meant was, If I'm a ledger user, why would I use your platform instead theirs? or MEW for its supported assets.

In Magnum, to store your private keys you can use both the Ledger device and a backup file which is used to encrypt the private keys. Your wallets from Ledger are available as watch-only at any time, therefore Magnum is pretty convenient in case you don't hold all your crypto on Ledger. It's available to store no more than 3-4 coins on Ledger since it has not so much memory so I suppose not so many people use only Ledger.
Moreover, you needn't download an app to use your Ledger device. All you need is to visit app.magnumwallet.co and connect your device to PC.
BTW, does Ledger work with Android devices?

Potato Chips

hero member

Activity: 2674

Merit: 865

yesssir! 🫡

Quote from: magnumwallet on December 12, 2018, 07:19:39 AM

Next year, we are going to make our wallet open source.

Fair enough and glad to hear that! but until it happens, I'm gonna stick to my opinion/stance on this.

Quote from: magnumwallet on December 12, 2018, 07:19:39 AM

MEW is only for ETH-assets, instead Magnum is a universal wallet where you can hold a lot of different assets. Of course, you can use Ledger platform, but in case you have assets which are not stored on Ledger what have you do?

Okay wait, I should have added more context. What I meant was, If I'm a ledger user, why would I use your platform instead theirs? or MEW for its supported assets.

magnumwallet

jr. member

Activity: 57

Merit: 5

Quote from: bL4nkcode on December 12, 2018, 01:47:31 AM

So this is the wallet on the service section with the signature contest, seems you're trying to promote your product with signature camp.which is a good move for promotions. Plus as mentioned above, if you let people(devs) code review your wallet such to change to open source then it might be a huge help as well to attract users to use your wallet
.

We hope this campaign will help us to attract lots of new users and make some buzz around our wallet. I mentioned above, in the previous reply, the reason why we do not make it open source now.

magnumwallet

jr. member

Activity: 57

Merit: 5

Quote from: Potato Chips on December 11, 2018, 09:04:05 PM

So why is this not open source?

Another reason why I still can't give my trust is because you guys are still new to the market (Registered On:2018-07-14). I did find some reviews but the numbers aren't much, imo.

And, I don't see a reason why its better to use your platform instead of ledger's or MEW

We do not want to make it open source from the start due to several reasons: 1/ It takes a lot of time to prepare source code to publish it, our dev team isn't big, but it's very overloaded( you can check how much work has been already done) 2/ Our team releases some exclusive options for communities which are easy to be 'stolen' if they are open source, therefore we need to attract more users at first to be competitive. Next year, we are going to make our wallet open source.

Yes, we are very young: the release of our wallet was in September. The first community we worked with was the Anon community. Our team really appreciates them for the trust. After that, we worked with Tezos, AION, Komodo, Peercoin communities and have only positive feedback from holders and founders.

MEW is only for ETH-assets, instead Magnum is a universal wallet where you can hold a lot of different assets. Of course, you can use Ledger platform, but in case you have assets which are not stored on Ledger what have you do?

bL4nkcode

copper member

Activity: 2142

Merit: 1305

Limited in number. Limitless in potential.

So this is the wallet on the service section with the signature contest, seems you're trying to promote your product with signature camp.which is a good move for promotions. Plus as mentioned above, if you let people(devs) code review your wallet such to change to open source then it might be a huge help as well to attract users to use your wallet
.

Potato Chips

hero member

Activity: 2674

Merit: 865

yesssir! 🫡

So why is this not open source?

Another reason why I still can't give my trust is because you guys are still new to the market (Registered On:2018-07-14). I did find some reviews but the numbers aren't much, imo.

And, I don't see a reason why its better to use your platform instead of ledger's or MEW

magnumwallet

jr. member

Activity: 57

Merit: 5

MAGNUM WALLET announced the support for BTC, LTC, DGB, KMD, XTZ, AION and ZILLA coins on Ledger!

Magnum is a light and anonymous web wallet for managing Bitcoin and more than 700 different assets. Magnum allows to claim a lot of forks and to earn on the POS consensus by staking. As a highly secure tool, Magnum supports for hardware wallets such as Ledger and Trezor. The private keys are encrypted and stored in the browser’s local storage.
MAGNUMWALLET.CO

Previous week Magnum supported for several cryptocurrencies on Ledger. Now one can safely manage Bitcoin, Tezos, Litecoin, DigiByte, Komodo, Aion coin, Chainzilla using Magnum Wallet. Magnum is a first wallet supported claiming rewards of Komodo on Ledger. Moreover, now AION and Chainzilla communities have a vital opportunity which was unavailable before to manage their coins on Ledger via Magnum Wallet.

Please try to use our wallet and leave your feedback here or on our public channels.
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Topic: Hardware Wallet(Ledger) for BTC, LTC, DGB, KMD, XTZ, AION and ZILLA (Read 224 times)