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Model: Ledger Nano S Plus (Neptune Blue) : The Perfect Entry-Level Hardware Wallet to securely Manage All Your Crypto and NFTs (for Desktop or Android only)
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honest question, what's the benefit of these versus the companies that offer wallets?
This physical storage device is 100% offline storing coins. Can only be stolen of someone comes to your home and takes it.
...
Wallets - online, local in your pc. Nothing physically prevents hackers from getting in and taking the wallets. Internet/cloud = hackable, been hacked, and just look up the many services, wallets, etc online that have already been hacked.
Yes, they'll Promise otherwise, will use 2fa security, encryption, etc, but like every online provider from coins to Id to credit to coins, there's been hacks and will be hacks.
....
Now, like anything of value - did you want it online 24/7/365 in an encrypted, 2fa wallet?
Or in your physical hiding location of choice.
Some people are idiots, losing millions in bitcoins (see that fool trying to dig a dump for his) from a physical store. Others can't remember their passwords to recover an online wallet......
Quote from jaggadakku818 [IMG]https://slickdeals.net/images/misc/backlink.gif[/IMG] :
honest question, what's the benefit of these versus the companies that offer wallets?
This physical storage device is 100% offline storing coins. Can only be stolen of someone comes to your home and takes it.
...
Wallets - online, local in your pc. Nothing physically prevents hackers from getting in and taking the wallets. Internet/cloud = hackable, been hacked, and just look up the many services, wallets, etc online that have already been hacked.
Yes, they'll Promise otherwise, will use 2fa security, encryption, etc, but like every online provider from coins to Id to credit to coins, there's been hacks and will be hacks.
....
Now, like anything of value - did you want it online 24/7/365 in an encrypted, 2fa wallet?
Or in your physical hiding location of choice.
Some people are idiots, losing millions in bitcoins (see that fool trying to dig a dump for his) from a physical store. Others can't remember their passwords to recover an online wallet......
While it doesn't store coins (those are on the blockchain), it stores your private keys and allows you to sign transactions without exposing your keys. Otherwise everything else is correct. As long as nobody gets access to your keys, you should be safe, unless you sign some dubious smart contract that gives away control. That being said, there's a lot of fake ledger software out there that is designed to look like the real thing, but asks you to enter your keys to update your wallet. Then it drains your account. It's one of the mistakes that newbies make, where they download off the microsoft store or something instead of the official webpage. Seems obvious, but there's a few posts a day on the ledger subreddit from those that fall victim.
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don't ever buy a wallet off of amazon. but if you must, check the vendor and make sure its ledger themselves. when you receive it, factory reset it, regenerate passphrases multiple times before you write down the final one you want to keep. do it in private, no cameras anywhere, put your phone away in a different room. don't do it on a laptop with a built in camera. never share the phrases you wrote down. fireproof and flood proof what you wrote down. Consider splitting your phrases into two locations. then fortify you house with good defense. this is the paranoia you need to have to self custody these days.
otherwise, you're better off buying an ETF or praying your exchange held crypto has liquidity.
is this true if I buy a hardware wallet on offer up? or can that be tampered with regardless? i'm new.
Why would you buy from offer up? If you arent buying from a reputable dealer, yes they can be tampered with. Even if you buy from a reputable dealer, you need to be careful.
If the device does not create a key for you, while setting up, it has been tampered with.
If the device has the keys prefilled on a piece of paper, it has been tampered with
Why would you buy from offer up? If you arent buying from a reputable dealer, yes they can be tampered with. Even if you buy from a reputable dealer, you need to be careful.
If the device does not create a key for you, while setting up, it has been tampered with.
If the device has the keys prefilled on a piece of paper, it has been tampered with
its just super cheap. I can get a non+plus ledger for 15 bucks to 25 bucks. But then I found out that crypto people don't like ledger because of a leak and how they copy your codes. You answer is what I was looking for. I heard there's deals where you buy a hardware wallet and they'll give you like 30 dollars worth of bitcoin. I'll just wait for an offer like that. This is more fun than real for me because I actually only have a dollar and 50 cents worth of bitcoin. Thank you my friend.
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The keys come from the device, and you write those down and hide them somewhere.
If the keys are prefilled on a piece of paper, you have a tampered device.
...
Wallets - online, local in your pc. Nothing physically prevents hackers from getting in and taking the wallets. Internet/cloud = hackable, been hacked, and just look up the many services, wallets, etc online that have already been hacked.
Yes, they'll Promise otherwise, will use 2fa security, encryption, etc, but like every online provider from coins to Id to credit to coins, there's been hacks and will be hacks.
....
Now, like anything of value - did you want it online 24/7/365 in an encrypted, 2fa wallet?
Or in your physical hiding location of choice.
Some people are idiots, losing millions in bitcoins (see that fool trying to dig a dump for his) from a physical store. Others can't remember their passwords to recover an online wallet......
honest question, what's the benefit of these versus the companies that offer wallets?
This physical storage device is 100% offline storing coins. Can only be stolen of someone comes to your home and takes it.
...
Wallets - online, local in your pc. Nothing physically prevents hackers from getting in and taking the wallets. Internet/cloud = hackable, been hacked, and just look up the many services, wallets, etc online that have already been hacked.
Yes, they'll Promise otherwise, will use 2fa security, encryption, etc, but like every online provider from coins to Id to credit to coins, there's been hacks and will be hacks.
....
Now, like anything of value - did you want it online 24/7/365 in an encrypted, 2fa wallet?
Or in your physical hiding location of choice.
Some people are idiots, losing millions in bitcoins (see that fool trying to dig a dump for his) from a physical store. Others can't remember their passwords to recover an online wallet......
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otherwise, you're better off buying an ETF or praying your exchange held crypto has liquidity.
The keys come from the device, and you write those down and hide them somewhere.
If the keys are prefilled on a piece of paper, you have a tampered device.
Stay far away from this company.
If the device does not create a key for you, while setting up, it has been tampered with.
If the device has the keys prefilled on a piece of paper, it has been tampered with
If the device does not create a key for you, while setting up, it has been tampered with.
If the device has the keys prefilled on a piece of paper, it has been tampered with
Leave a Comment