How to store ICN in nano S?
Send the ICN to the ETH address provided by your nano s.
Make sure you only send a few first time round incase you make a mistake and send to the wrong address.
Go to the settings when you select your eth wallet on the actual nano and turn on browser support.
Go to
https://www.myetherwallet.comOpen up your wallet using the website and it will allow you to view your tokens.
Make sure you turn browser support off when you want to go back to using the chrome app for your eth wallet
Do we need to keep our ICN in nano S if we want to hold it for long duration?Is'nt it okay if I keep them on Iconomi dashboard or myetherwallet?What do you guys recommend of these twos?
There is no correct answer. It is always a trade-off. Keeping ICN on Iconomi should have enterprise security, quote from Jani:
"Safeguarding of assets is our number one priority. Assets as of now will be stored in a 3 level cold storage and for sure won't be kept at exchanges:
1st and deepest level is 4/6 multisig and I expect to be used for 70-85% of assets where at least 3 keys are held by outside people not known to each other
2nd level is 3/5 multisig where 3 keys are held by outside people not known to each other - probably up to 90-95% of total assets will be in 1st and 2nd level
3rd level is 2/3 multisg where 2 keys are held by outside people not known to each other - in all 3 levels all the assets except the ones needed for buffers will be kept - I assume ~98%
When I say outside people it's actually external individuals and/or organizations acting as custodians. One of the requirements from regulators is to have assets safeguarded by/in-cooperation with custodians.
Full details will be known and published before we're out with the platform."
https://www.reddit.com/r/ethtrader/comments/5smp7k/iconomi_cryptocurrencies_index_icnx_31_january/ddgx3z4/The downside with that approach is that technically you don't have a direct control over your funds.
Using Ledger or mew gives you full control over your funds, but it also comes with greater responsibility from your end - you need to make sure you have the 24 words seed/private key kept in a safe place and that it won't be compromised/destroyed. For best security - use air gapped pc