Topic: Received Nano Ledger S, Configuring it with Electrum - page 2. (Read 207 times)

Hey all so right now i just want to make sure i got everything correct before i send everything from electrum to my nano ledger.


So just to make sure.


Right now my ledger wallet bitcoin shows


My Account   X.X BTC    USD Amount


It shows on the top right corner the USD value and the btc i have.


I also written down my 24 word phrase and my pin number.


I also had reset my nano ledger a few times.  Thus i had to write down 24 words several times already.


So that means my ledger wallet bitcoin wallet is safe right as long as my 24 word key and pin number is not shown to others?  I want to make sure of this before i transfer the rest of my btc from electrum to the nano ledger s.

Also what percentage of people after buying the nano ledger s use it with electrum vs just the ledger wallet in chrome?  Could you use both or it has to be with one only?  I would assume most people who use electrum previously just use the nano ledger s with the chrome app?  Is it more simpler?


Because im thinking maybe i shouldnt use the nano ledger s with electrum as it could get very complicated?  I read threads where ppl said they had issues because in nano ledger s they choose segwit as oppose to legacy but their electrum is 2fa and its not compatible with segwit so there is some issues there?  I do not want any issue like that at all.


But if you use the nano ledger s with the chrome store app, well you could view the balance anytime when you click on the app and the bitcoin app right?  But someone mentioned the negative thing about the nano ledger s is you cant view your btc balance or something by itself.  Can someone explain what they mean by that?  Because when you want to send btc from the nano ledger s to another site for example, well you need to have it plugged into your computer right?  Im positive of this but just want to make sure.  Because if using it with electrum means you could view the balance... could you even view the btc transactions in electrum for nano ledger s transactions?  Or you cannot?  Because there really isn't anything negative about just using it as is right with the chrome app?  Because if you need to view your btc balance in electrum, well you need to first log into electrum program.  If you want to view your balance in nano ledger s, well you need to connect it to your computer, type in pin to view it right?  So im confused why ppl mention the negative is something about you cant view your balance in nano ledger s by itself?  Because you open the chrome app... and your balance is there?  Im very confused at this right since i have the nano ledger s at the moment and trying to configure it.

I recently received it from the manufacturer and am trying to set the nano ledger s up.  My first issue arises when it ask me

What bitcoin blockchain do i want to use?

Give me option of bitcoin or bitcoin cash and also option to remember my choice.

I had bitcoin my electrum when the fork happened.

So i assume click bitcoin and click remember my choice?  Because when i do not, it seems to ask me this everytime i open the ledger wallet app on chrome?



It then ask if i want to choose legacy or segwit or i dont know.  Which one do i choose?  I went to youtube and someone mention use segwit because its lesser fees to send btc and also faster... so is that what i want?  I had just clicked bitcoin and then segwit.  Everytime i do this, it shows my bitcoin wallet.  However when i unplug my nano ledger and plug it back again, it ask me every single time bitcoin or bitcoin cash and then legacy/segwit.  So if once i pick bitcoin and remember my choice and then legacy or segwit, it wont ask me this every single time right?


So after this, i send tiny amount of electrum to my btc address in the ledger wallet bitcoin right?  I had downloaded the bitcoin wallet in the chrome store. 


Then once i do this, should i then intentionally get my pin wrong 3x then it resets itself?  Then i have to input the 24 word phrase in ledger nano to recover my bitcoin?  I would be sending very tiny amount like 0.0001 etc to test this out.  Then once i recover it, i should send the 0.0001 btc back to electrum?  Then reset nano ledger s and get a brand new 24 word phrase in case in the small percentage it was compromised, well the 2nd time you get the 24 word phrase, well that would be legit?  I ask this because of that ebay scam of the seller who sold a nano ledger with already 24 word seed etc.  This one is from the manufacturer and sealed with plastic like an iphone so im pretty certain its fine but do that just in case right?


Then once i configure the nano ledger s again... set a new pin and 24 word phrase.  But where is the option to put a 25th word?  It didnt seem to allow this when i first set it up.


Then after i do this, i would then send tiny amount of btc to the nano ledger s.  Then send a bigger amount.  Then another bigger amount right?  The other thing is would the default fees from electrum be fine now since i hear it doesn't take that long to send/receive btc without a huge fee anymore?




Now how do i use electrum with the nano s ledger?  A few people told me i could do this and they said the electrum would be like a watching wallet where no btc would be in your electrum so if you have any virus on electrum/computer even though you are using it with the nano ledger s, you are fine.  They said because how it looks is very good and i do agree i like the electrum design very much as its very clear etc.  But would i need to remove the chrome app ledger if i were to do this?


So right now im stuck at the moment with the bitcoin/bitcoin cash and the remember now and the legacy/segwit and i dont know and i dont want to pick one permanently.


Can someone tell me where do i go with this?  im trying to send my btc from electrum to the nano ledger s. 


Thanks.