Topic: Is a ledger nano x still a safe cold storage wallet to use - page 2. (Read 305 times)
Thanks for the slide I was just confused as I thought that’s the whole reason people were upset with ledger that there was an option for the seed to be backed up so even if you didn’t agree to the back up there was still a way for there to be. So I thought nunchuck also having that option may be the same like I said I’m not that tech savvy so don’t want to stuff it up cheers 👍
You can also look for Trezor, I think it's open source if I am not wrong.
Trezor is open source. The hardware wallet company continue to be open source when they begin to create wallets that have secure element, unlike Ledger Nano wallets that their secure elemens are close source. If he has Jade, I will still prefer it because it is airgapped which is one of the reasons I am recommending Foundation Passport.Hi charles, I have a jade which I set up with nunchuck wallet airgapped but I have heard people saying not to use nunchuck because it also has a back up inheritance plan option which could be compromised.
I have tested how Nunchuck wallet is before. I have posted before in one of your trades that the inheritance is not for single signature wallet but for multisig. I have also posted that you can connect other wallet with Jade. Not necessary to use Nunchuck. This is the third time I posted this image on another of your post. This is the image:
https://help.blockstream.com/hc/en-us/articles/9601453403801-Download-a-companion-app-for-Jade
You can connect any of the listed wallets in the image above with Jade.
One of the advantages of airgapped wallet is that you are completely sure that your seed phrase and private keys are not connected online. You have the option to use QR code for making transaction.
Is ledger nano x hardware wallet still a safe wallet to use
Listen, I really recommend sticking with your Ledger Nano X if you're using it; it's a solid hardware wallet. Just make sure to keep your recovery phrase stored safely—that’s super important. Also, remember to update your device regularly to benefit from the latest security features. Be cautious of phishing attempts; always check links before clicking on them. Avoid connecting it to public computers or unsecured Wi-Fi networks. If you follow these tips, you can confidently use it to manage your cryptocurrencies
Hi charles, I have a jade which I set up with nunchuck wallet airgapped but I have heard people saying not to use nunchuck because it also has a back up inheritance plan option which could be compromised. Have been trying to figure out how to set up the jade with sparrow wallet with a watch only wallet put just watched a video that says if you set up the watch only wallet the wallet could be compromised so it’s starting to scare me if I set it up wrong
I have used Ledger before and I do not think why you would not consider it safe, it's a hardware wallet and it's pretty okay if you keep your secret phase actually secret.
Nothing to worry as it doesn't connect to the internet at the time of making a new wallet and it's offline process. You can also look for Trezor, I think it's open source if I am not wrong.
Nothing to worry as it doesn't connect to the internet at the time of making a new wallet and it's offline process. You can also look for Trezor, I think it's open source if I am not wrong.
I thought you bought Jade which is far better.
If possible you do not share your seed phrase with those third parties that Ledger gave as an option to backup your seed phrase. Provided if you have it and not yet ready to buy a good hardware wallet.
I thought hardware wallet should be an offline wallet. How is the wallet offline when it is sharing people's seed phrase with third parties online. It is not an offline wallet and I can not recommend it.
If you want to get yourself a hardware wallet, stay away from Ledger Nano wallets.
If possible you do not share your seed phrase with those third parties that Ledger gave as an option to backup your seed phrase. Provided if you have it and not yet ready to buy a good hardware wallet.
I thought hardware wallet should be an offline wallet. How is the wallet offline when it is sharing people's seed phrase with third parties online. It is not an offline wallet and I can not recommend it.
If you want to get yourself a hardware wallet, stay away from Ledger Nano wallets.
Is ledger nano x hardware wallet still a safe wallet to use
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