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Topic: Is ledger really safe? (Read 823 times)

hero member
Activity: 938
Merit: 501
October 27, 2017, 11:27:02 AM
#12
Ledger is the safest physical wall we can use right now, unfortunately there are not many options. I also use a Ledger to keep my coins. It is important to apply all the security credentials while using the Ledger, and we also need to take all kinds of security precautions in our computer. Other than that, I can make a paper wallet, but I am not sure where to store the paper.
newbie
Activity: 28
Merit: 0
October 27, 2017, 06:52:22 AM
#11
How can i really know that 3rd party is not controling the private key encryption?


i read about this many times then i get one idea on that. you try to use official wallet it is keep your coins more safe. so you have to search once coinbase, bittrex and electreum those all are good and secure web sites. i think paper wallet also gives you more secure so try once it. in google search once and which wallet had highest rating that one you have to choose and use.
sr. member
Activity: 350
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
September 24, 2017, 07:54:10 PM
#10
How can i really know that 3rd party is not controling the private key encryption?

You won't know unless you are making the hardwallets your self. Hardwallets from 3rd parties aren't a safe option in holding coins.
sr. member
Activity: 493
Merit: 250
September 22, 2017, 04:22:40 PM
#9
Better use paperwallet if you don't see safety. But you can sure it is safest wallet.
sr. member
Activity: 826
Merit: 440
September 22, 2017, 03:55:05 PM
#8
I read several times that the software and applications around the Ledger wallets are buggy. A lot of bug.
I don't know if this is security issues but for me, the doubt about the quality of all the product (hardware and software) is not permit.
By the way, you have to use Chrome and Chrome has his security issues...
pey
sr. member
Activity: 546
Merit: 251
Free Crypto in Stake.com Telegram t.me/StakeCasino
September 22, 2017, 03:52:16 PM
#7
It is not safe, rather it is the safest one. A safe wallet could be one that is official wallet of the coin used on a air gapped computer but this is difficult to set up.
sr. member
Activity: 518
Merit: 250
September 22, 2017, 03:49:47 PM
#6
Lets put it this way. It is one of the safest things you can get, but its not safe if you dont follow the required steps to keep it safe  Smiley
full member
Activity: 490
Merit: 100
September 22, 2017, 03:32:01 PM
#5
How can i really know that 3rd party is not controling the private key encryption?


Dont worry ledger is a very safe device to use and to protect your bitcoins and altcoins. the company will not store any keys from you.
member
Activity: 77
Merit: 10
CoinAdNet
September 22, 2017, 02:07:58 PM
#4
How can i really know that 3rd party is not controling the private key encryption?


I have just ordered a new ledger, lets see how it works, but i have only read good things about it! It is very secure, and I don't think they would copy or store your private key. someone would already found that out!
hero member
Activity: 595
Merit: 506
September 22, 2017, 02:04:47 PM
#3
What is the better? ledger or trezor?

They are both great but personally I prefer the Ledger as I like the team, their support and they are cheaper too Smiley
hero member
Activity: 595
Merit: 506
September 22, 2017, 12:38:32 PM
#2
Pretty sure there's some technical jargon they will give you if you go on their website or contact them, but if you think of it from a common sense point of view, they are a public company with publicly names individuals. Why would they risk going to jail and their reputation when they could instead work hard and make legitimate hardware wallets? They are already doing very well, constantly sold out and getting additional funding. It makes no sense for them to have a backdoor.
member
Activity: 210
Merit: 11
September 22, 2017, 12:35:15 PM
#1
How can i really know that 3rd party is not controling the private key encryption?
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