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Title: Ledger security card Post by: calkob on December 26, 2016, 05:31:59 PM How does the Ledger security card work? is it a different card in every box and what happens should it be lost?
Title: Re: Ledger security card Post by: hilariousandco on December 27, 2016, 07:13:17 AM Yes, it's personal to your device and if you lose it you can create a new one with the QR code. If you lose that you're screwed though. You could just get the newer Nano S version of it which doesn't require the card but uses a button on the device instead.
Title: Re: Ledger security card Post by: calkob on December 27, 2016, 10:12:19 AM I take it that the seed is compatible with other software? so should ledgerwallet shit it's self and never work again i can reclaim my bitcoin else where, say like electrum?
Title: Re: Ledger security card Post by: hilariousandco on December 27, 2016, 10:52:50 AM Yes.
Title: Re: Ledger security card Post by: Cereberus on December 28, 2016, 08:52:49 PM Yes, it's personal to your device and if you lose it you can create a new one with the QR code. If you lose that you're screwed though. You could just get the newer Nano S version of it which doesn't require the card but uses a button on the device instead. So let me get this straight. If my Ledger HW.1 breaks down and I lose my security card too , and if I buy a new Ledger HW.1 I cannot restore my old HW.1 bitcoins through my seed because each device has a unique security card ? Or I can restore my bitcoins in my new HW.1 wallet and can use the new security card of this new wallet to send and receive the coins ? Title: Re: Ledger security card Post by: hilariousandco on December 29, 2016, 08:29:08 AM You can just restore your coins from the seed. I'm not sure whether you can do it directly on the device or not but you could just restore them in another wallet then send to your new ledger.
Title: Re: Ledger security card Post by: Cereberus on December 30, 2016, 07:08:40 AM You can just restore your coins from the seed. I'm not sure whether you can do it directly on the device or not but you could just restore them in another wallet then send to your new ledger. Phew, glad to hear that, I am not keep that much , about 4 Bitcoins in total in my Ledger but they are very dear to me. I will restore them in another wallet and then send to my new Ledger if anything happens to my actual Ledger. Thanks. Title: Re: Ledger security card Post by: calkob on December 30, 2016, 11:51:37 AM You can just restore your coins from the seed. I'm not sure whether you can do it directly on the device or not but you could just restore them in another wallet then send to your new ledger. Phew, glad to hear that, I am not keep that much , about 4 Bitcoins in total in my Ledger but they are very dear to me. I will restore them in another wallet and then send to my new Ledger if anything happens to my actual Ledger. Thanks. Ok so the question was if you lose your security card and your hardware breaks, yes you can just use the seed on the new ledger hardware, but if you dont have access to the security card then i think you are screwed, as you can see your bitcoin but cant move them, correct me if i'm wrong this is my understanding. this makes the security card and the QR that allows you to get another one very important to secure as well. Title: Re: Ledger security card Post by: Cereberus on December 30, 2016, 01:15:12 PM You can just restore your coins from the seed. I'm not sure whether you can do it directly on the device or not but you could just restore them in another wallet then send to your new ledger. Phew, glad to hear that, I am not keep that much , about 4 Bitcoins in total in my Ledger but they are very dear to me. I will restore them in another wallet and then send to my new Ledger if anything happens to my actual Ledger. Thanks. Ok so the question was if you lose your security card and your hardware breaks, yes you can just use the seed on the new ledger hardware, but if you dont have access to the security card then i think you are screwed, as you can see your bitcoin but cant move them, correct me if i'm wrong this is my understanding. this makes the security card and the QR that allows you to get another one very important to secure as well. Yes it is like that. But in order to avoid that, with the seed of your broken ledger your can restore your bitcoins to a different wallet compatible with that seed like electrum. Then you can buy a new ledger and move your coins from Electrum to your new Ledger. This is the correct answer. Title: Re: Ledger security card Post by: calkob on December 30, 2016, 07:58:41 PM You can just restore your coins from the seed. I'm not sure whether you can do it directly on the device or not but you could just restore them in another wallet then send to your new ledger. Phew, glad to hear that, I am not keep that much , about 4 Bitcoins in total in my Ledger but they are very dear to me. I will restore them in another wallet and then send to my new Ledger if anything happens to my actual Ledger. Thanks. Ok so the question was if you lose your security card and your hardware breaks, yes you can just use the seed on the new ledger hardware, but if you dont have access to the security card then i think you are screwed, as you can see your bitcoin but cant move them, correct me if i'm wrong this is my understanding. this makes the security card and the QR that allows you to get another one very important to secure as well. Yes it is like that. But in order to avoid that, with the seed of your broken ledger your can restore your bitcoins to a different wallet compatible with that seed like electrum. Then you can buy a new ledger and move your coins from Electrum to your new Ledger. This is the correct answer. Right i get it, thanks for the reply :) |