Thoughts on these for storing ETH? Just ordered this Nano Ledger

>>2236539
I've never understood the allure of these

If you really need security, your wallet should be cold, which you can do with a piece of fucking paper

If you need it to be a hot wallet then just use your computer and don't be a moron

>>2236563
Sounds like you have no idea what this even is. Literally the whole point of this device is saving the info on a piece of paper.

>>2236588
actually I know exactly what it is

It's supposed to bridge the gap between a hot and a cold wallet

giving you the security of a cold wallet with the convenience of a hot wallet

My point is that it's fairly trivial to have both a hot wallet and a cold wallet

They look sorta cyberpunk so I kinda want it

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>mfw i stored my ETH stash on this bad boy and wear it around my neck with the included keychain/straps

I like mine, fairly easy to send back and forth, just need to put your pin number in whenever you send from the ledger. As far as storage its probably the safest option out there, right alongside a paper wallet, definitely safer than keeping your coins on exchanges.

Reminder to always have an offsite backup somewhere lest you get mugged and lose it all like this guy >>2236682

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I just use coinbase

>>2236713
that's what's great about it, somebody can steal it from me but without the pin code or my 24 word recovery passcode, they can't access my wallet.
basketball americans wear fat gold necklaces to demonstrate their wealth, us neets wear ledgers filled with cryptos

>>2236742
> gold ledger necklace

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>>2236721
>not using Poloniex
I don't trust my hard drive, is all.

>>2236782
encrypted vps + multiple encrypted local copies

Can anyone tell me what sending is like? Can I move my stash from Coinbase to this thing? There's no complications with gas fees or contracts or any of that mess? Is it that easy?

>>2236963
it associates with a local wallet program like electrum or jaxx

>>2236970
so I have to send it to electrum of jaxx before sending it to the ledger wallet?

>>2236742
Implying they couldn't beat it out of you. You'd just have to hope the nigger doesn't know what he's looking at, which to be fair is probably a safe bet.

>>2236970
what about mist? and im on linux not windows.

>>2236970
>>2236977

please respond. Do I need to send it from Coinbase to Jaxx to Nano ledger wallet and vice versa; Nano wallet to jaxx to coinbase?

>>2236742
I would smash your little faggot stick if you didnt give me the password. Deal with that shit, retard. No big deal though, cuz you broke af anyway amirite.

>>2237058
yea ur right, nothing on my ledger at all tyrone :)

>>2237053
yes you need a program on your computer to send and receive

the wallet is stored on the hardware device

so sending btc to electrum (for instance) will cause the btc to go directly to the device wallet since the electrum wallet IS the hardware device

>>2237120
I thought it comes with some kind of wallet when you first plug it into your computer.

>>2237130
>>2237120


Yeah, doesn't it come with the ledger Chrome wallet? Why would I need a hardware wallet?

>>2236539
Got one for the past 6 months, love it! The team is fast and responsive, they introduce lots of new stuff over the months and the device itself is rock solid! There's a new password manager in beta (use at your own risk for now) and everything is available for inspection on Github. I highly recommend it. I don't trust keeping my keys on a computer anymore.

>>2236563
This: >>2236588

>>2237201

Is the ledger chrome app the wallet that it uses when you install it? or do you need to download a hardware wallet seperate from it like Electrum or mist and the app just manages it?

>>2236963
Dude you download a chrome extension, plug in your device, enter passcode, select wallet, then the device and chrome extension connect. You press the receive tab and it will show a qr code and address. Copy add. Goto coinbase, find send coin, paste add, confirm, done.

>>2237213
So a hardware wallet is not required then? No mist or jaxx? The wallet is the chrome app itself connected to the device? I just want to mAke sure cause I ordered one and don't want to mess anything up.

>>2237205
No you dont need any other software wallet just the chrome extension. Also i forgot to mention there is a little setup involved in setting up the ledger but it is very straight forward. You are given a list of words you have to copy down and then re enter into the device, it takes 5-10 min, but it is necessary in case you loose your ledger , you use the list of words to recover your coins.

>>2237205
Everything uses the chrome apps. You can install the chrome app on any computer and plug the ledger right away no other config required. You don't need any other software wallet. You can use electrum if you do lots of tweaks but you don't need any extra software.

>>2236563

Can someone explain the piece of paper thing?

So my crypto is on Coinbase currently. How do I "store" my crypto on a piece of paper?

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why don't you just use an ordinary flash drive with encryption?

>>2237231
The hardware wallet is the device in the OP picture.

>>2237240
Go watch a intro video of how a blockchain works. You never have a coin, you have a key pair that proves you are the owner of the "coin" that lives on the blockchain. So in essence a paper wallet is a long password printe on a piece of paper usually in the form of a qr code.

>>2237240
google is your friend son
http://www.coindesk.com/information/paper-wallet-tutorial/

>>2237241
Your private key never leaves the hardware wallet. It signs the transaction on the device. It decreases the likelihood of a copy paste attack by showing the send address on the device. It auto wipes after three failed passwords.
There is three very good reasons why.

>>2237263
>>2237272

Thanks bros

>>2237233
So I can just send ETH directly from the chrome all to coinbase and vice versa? No complications I need to know about like syncing a blockchain or anything like that?

I know it's spoonfeeding but I really don't want to mess this up.

>>2237312
No worries. You dont have to wait for any syncing. And its extremely simple. If you can copy paste a string of text you can use this device.

>>2237058
If you smash it he can still recover his coins, he'd be out $80, not his crypto.

I'm going to snag one of these next paycheck. I don't like leaving my ETH on exchanges

Is it safe if i just have wallets on my computer? DO i really need one of these devices? I plan to backup onto usb, 2 hard drives and just forget about it for a few years. Will that be ok?

>>2237355
That is a huge relief. Thank you for this. Also do you have experience sending to and from exchanges and how long did it usually take? Should I send small increments at a time or send the whole load?

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>>2237394
Yes I do. Its always a good idea to send a test tx. If you are buying from coinbase i would recomend buying LTC or ETH because it will be much faster and the tx cost wil be much much lower.
The screenshot is me sending ETH from Coinbase to my ledger You'll be able to see how easy it is.

>>2237455
So if I have a desktop wallet like Electrum. Is it easy to send the coins from coinbase to wallet and vice versa?

How do you do it?

>>2237455
>do not send ETH directly to an Ethereum contract

What does that mean?

>>2237523
I Dont have a desktop wallet, but it would be just as easy.
>>2237542
I assume it's more prudent to send to a contract from a addr. you locally own.

I just ordered mine, should be getting it mid June. This has been after holding my crypto on coinbase for a year now.

>>2237523
as easy as it is to do any bitcoin transaction
send from an address to another address
learn2bitcoin

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>>2237595
same actually. All these horror stories convinced me to go cold storage.

>>2236609
No it's not you dumb shit.
Looks cool as hell.
Who else do yoou know with a crypto wallet?

>>2237618
I still don't understand what happened to the guy desu, I figured 2FA and an encrypted password would be fine barring the actual site getting hacked.

>>2238047
what happened?

>>2238280
Lost like 6 figs worth of coins on CB

>>2237719
kill yourself, you aren't helping anyone