We just ordered a Ledger Blue to store our Bitcoin and Altcoins securely offline. I recommend you do the same if you have a significant amount of Crypto Currency. There is an old saying in the Gold and Silver communities, "If you don't hold it, you don't own it". The same is true with Crypto Currencies. If you have been around this world of Crypto Currencies long enough you will remember the heist at Mt.
Gox, Bitfinex and the rumored one with Jaxx wallet this week. Today there is no excuse to suffer such a loss if you keep your Bitcoin and Crypto Currencies offline in a cold storage device like a Trezor or my preferred Ledger Blue or Nano S.
Ledger Nano S is a Bitcoin, Ethereum and Altcoins hardware wallet, based on robust safety features for storing cryptographic assets and securing digital payments. It connects to any computer USB and embeds a secure OLED display to double-check and confirm each transaction with a single tap on its side buttons. Ledger Blue is the most advanced hardware security gear on the market.
It boasts multi application execution, and packs enterprise-level crypto-capabilities into a lightweight handheld device designed and crafted in France.
You have been warned. If you are trading your tokens it is ok to have them on Bittrex, Poloniex or Bitfinex but as soon as you are done trading for the day I recommend you immediately take your Crypto Currencies offline to a Ledger device. I have had friends get hacked for considerable amounts of money I would hate to see you suffer through this as well. It is glad to see those safety wallet. However, I think there are lots of types of cryptocurrency on the market, it will be very expensive if you keep several kinds of altcoin safely.
So I hope that maybe next few years, all the altcoin can have a protocol about the storage of altcoin, standardising the strobe method and make the wallet can be used cheaply and also widel: I actually prefer the opposite.
Having a standardized system makes them all vulnerable to attack. I know your concern about the hacking issue. And actually there are lots of hacking occurring in altcoin market. Like gatecoin was stolen a few million Maybe smart tokens is a better solution to solve the efficiency of exchange.
So I think the smart token maybe a new way to scale up the altcoin market. Much like centralized data centers, decentralizing assets is a major win for cryptosecuriy. Just learning about the crypto world. Your page has been very helpful! I have used the ledger nano s, for the price it is good, but I don't like how you have to enter and exit each wallet. I use the keepkey which is great because you can view all the accounts at once and even make multiple accounts in any of the supported currencies.
One for personal or one for work for example. I have really been wanting to try the ledger blue, looks very nice! It is a very nice product. I will be doing a review at some point. I will try to remember to send you the link. How do you actually put coins on the ledgers and how you get them off? Do you install a program on you PC to transfer the coin on to it, can you give me a little info on this: I'm thinking about buying one now for a few weeks.
Click on the Ledger videos I embedded and watch all of their videos. They take you through the whole process with each device. You download wallets to the devices to hold your favorite cryptos. You use a Google Chrome app to connect to your device.
Note on Linux you need to run a command on the command line first time, otherwise it doesn't work. I've been using the nano s for a while and I really like the way it works; easy to use, intuitive and compact. I wanted to get a keepkey to use in parallel, just to compare the two and I like the fact that ShapeShift is integrated and that conversions can be made on the devicebut they have been out of stock for some time now. I needed another device anyway because the nano s has limited space, so there isn't enough room for all of the wallets that are available.
I'm quite keen to get my hands on the ledger blue for many reasons, one being that I use an iPhone and, on the move, the nano s can connect to android but not to iOS thanks to apple's restrictions on lightening port access. The ledger blue gets around that problem with Bluetooth; but does Bluetooth connectivity jeopardise security? I'd love to hear your views on that. I would think it would jeopardize security only if you are in a public place.
This also goes for public wifi. If you have hot wallets on your computer you should never use it in public. I should probably pre-order soon otherwise I'm sure they'll sell out quickly like all the others. Honestly it makes you feel like a part of you died when you get hacked So better you stay safe. That is a very nice storage device for cryptos, I have quite a bit on poloniex and Ive been meaning to get them out of there.
Thanks for the info and Im following you: I bought the ledger nano S a few weeks ago, Should get here July 12th: Very excited, I think the Tablet one Blue is a bit too much. At least for me, might be used in more professional areas such as higher CEOs. I think the Ledger Nano S should be just fine for that. Thanks for sharing this information.
This might seem a strange question - although I am planning to buy a hardware wallet. There is a secure element in these wallets that increases the security. They also have methods to restore the wallet if it dies.
Just bought a Nano S myself a month ago. Finally about to get it in the mail this week, since it was a bit back-ordered. Good recommendation, after doing my research I came to the same conclusion. I actually own one of each, the Nano S being a backup for the Blue. The Blue is a very cool piece of tech. I am using the default wallets currently but I think I need to shop around for a different one. Is anyone who is using a Ledger now using a 3rd party wallet successfully? If so, what is your choice and why do you like it?
Yes and its kismet that you posted this because someone else I know also ordered today, and was asking me about it. I was like "It's awesome holding all my crypto loot". I think they are jealous. What are your thoughts on a much more analog storage device akin to the Cryptosteel? If I ever can get far enough into crypto to need a wallet like this that badly, I think I'll take my pass phrases and weave them into Dreamtime stories like this Aboriginal Australians.
So then if I explode or I'm eaten by a puma my son can find the treasure. I've looked at it myself but decided to go with the trezor for now. Once Ledge blue is available I will buy it. With recent incident with Jaxx doesn't seem wise to wait another day. U can buy trezor from amazon. See their website below for more information.
I really need to buy myself a hardware wallet. In the past, I considered buying a trezor, but I couldn't justify the cost when bitcoins price was low. However, now I've seen the ledger blue, I want one of those instead. Shame it is so expensive. I really need to get me one of these! Yes Hard Wallets like this are very important, if anything happens for any reason you would be more likey to be okay with a hard wallet. Thanks so much for the advice hilarski.
Security is one of my biggest concern when it comes to moving money into crypto. Lots of horror stories. Ledger is one of the best solutions that I have seen. You recommended a Trezor to me a handful of months back.
Any particular reason you are higher on the Ledger devices now? You do not need work just invest and live off the daily income simple. It's cool to have a hardware wallet. But, I am scared to see this tiny USB connector break; when trying connect it the computer. Have anyone thought of a good solution to this problem? I have a ledger nano 1st gen btc only and i'm really happy with it.
Bittrex review: is it a safe cryptocurrency exchange. They their trading partners CCPs use across product lines. Transfer this amount to the coinbase. He wants to make sure that cryptocurrency investors understand what they' re getting into trade virtual coins such as Bitcoin, when they buy Ether. com and affiliates.