Bitcoin Forum

So I am debating what wallet to get I don't want anything flashy like the nano X etc just holding 2 coins btc and xmr ( monero )

So i am down to either picking ledger nano S or coldcard but I need a reliable safe place to store it I know ledger has a name but it isn't open source right so anything can happen in the future if btc goes up in price and who knows if the card is backdoor idk i just want a reliable safe place to store these two cryptos any suggestions?

also is it true the nano S can be use also not just from your computer but I can pay on the go with the OTG cables and connect it to my phone with the ledger live app?

I will recommend and vouch ledger nano s for you. I've been using this for almost 2 years now and everything is still safe and sound.
About the OTG thingy I can't confirm it because I haven't tried it yet because I don't have  OTG connector for my mobile phone and I mostly do my transactions on just my pc alone.

Same here, I've been using ledger nano since last last year and I've never experience any difficulties nor any problems using it. I assure the security it can give to your funds and you will never regret buying/using it as your trusted wallet to hold your investment.

I've never used a coldcard before. Only ever used and looked in trezor and ledger wallets myself.

I'd recommend a ledger 100 percent. They work great and are very secure and futureproof, but are also cheap and will work well with your needs.

It connects via a usb to micro-usb cable, so since I have a USBC phone, I bring an adapter and I'm able to plug it in and send transactions on the go. Haven't used a laptop in a long time with these features.

I've bought my first Nano ledger 2 years ago and so far I 've never had a problem with it. You just need to secure your private key to make sure your funds are secured. It goes with a cord that you can connect to a PC, but I haven't tried connecting it through my phone.

At first using the app for me as a bit confusing and complicated since I am used in using online wallet which is user friendly. But, with it's complication, it is the best way to secure your funds.

Ledger's Ledger Live software is open source.

As far as I know coldcard is bitcoin only, so you obviously won't be able to store your XMR. With that said, if you're really that paranoid and don't want to trust wallet sellers, simply run electrum on an air-gapped device.

Yes you can.

Agreed with that, nano is very useful and effective. I've been also using it for a year and i'm safe. I always use my pc for more secure wallet and to prevent problems or conflict. It is efficient in transactions because it is a trusted wallet, you will have a successful transactions to gain more profit.

Just like the previous comments I also suggest ledger nano S or nano x. Ledger Nano S and X can support almost 1000 cryptocurrency and it can store more coins compared to Trezor and other hardware wallets. Also Leger Nano s and x has a chip inside it and this chip ensures the security of our coins. Almost all of my friends who use a hardware wallet uses ledger nano and according to them it is really convenient and good to use.

I also use nano ledger since I started trading, I save my profit in my nano ledger because I prefer storing it in a hardware wallet than exchange. Its no wonder nano ledger is one of the used hardware wallet in here, it is convenient and its price is much cheaper than any hardware wallet.

Ledger nano s is my best advice for you to use, one of the advantages of hardware wallet is its security. I guess as long as you don't connect your wallet hardware to someone else's device, there's no gap for the backdoor. For direct use on a smartphone device with an OTG cable to operate it on your smartphone device it's true. I've tried it, but for transactions crypto, not to pay goods or services.

Although there's already nano x, I'm still using a Ledger nano S. Don't you worry about it mate, Ledger company has been providing a lot of wallets worldwide and it's been proven that they are a trustworthy wallet.

Yes and you can also check the ledger live even your hardware isn't mounted just to check balances and its value.

I guess using your hardware wallet into someone else's device wont harm your wallet, it requires private key and also your PIN or your password you have set to your Ledger nano, I'm also sing one so I know it is safe. plugging it in into someone's device wont easily get your private key.

How can you sing with a Ledger?

Btw, why did you have to use a device that isn't yours in the first place? They might not be able to steal your private key directly but you'll expose your crypto ownership to others. I's as if you're saying "hey, got a bitcoin here, nobody want to steal it?"

I think that he meant he's sinking (https://www.youtube.com/watch?v=yR0lWICH3rY).


About OP, I can also certify that Nano S works well and certainly works with OTG if your phone actually knows what OTG is.
I used it for Bitcoin only for now, with Electrum on computer and with Mycelium on phone.

Ledger Nano S is definitely a good choice, and it has a very good price, which is likely to be even more favorable on Black Friday, which was the case last year. Accordingly, I would advise you to wait a little over a month and save some money on your order. mjglqw is right about Coldcard wallet, it support Bitcoin-only, so there is no longer any doubt.

What you need to know regarding Ledger Live on mobile phones, you need Android 7+ or in the case of iOS 9+ to run this software. Also Ledger Live will not work on Windows 7, Ledger has stopped providing support for this OS for quite some time. But it can be used in combination with Electrum even on that OS.

Another +1 for Ledger here. Last year's Black Friday deal was 50% off, so although it is good to get your crypto off of an exchange/software wallet and on to a hardware wallet as soon as practical, it might be worth holding on a few weeks. It works beautifully with both Bitcoin and Monero.

You can use Ledger Live for Bitcoin, but I would suggest pairing the Nano S to Electrum instead for increased functionality.

Ledger Live does not support Monero, but the Nano S works well with both Monero's GUI and CLI wallets, although these are both desktop only. Obviously the GUI wallet is going to be easier to use unless you are already familiar with using command line interface. You can get these wallets here: https://web.getmonero.org/downloads/.

Apparently Monerujo (a mobile Monero wallet) is compatible with the Nano X, but not the Nano S. I've never used this wallet personally so can't vouch for it.

Most forumer here used and recommend Ledger nano, and I do recommend it too for I am using it for more than 2 years now. So far, I have no problems with the device, and its reliable. You can use your Ledger Nano S with your android as long as you have your android OTG cable AFAIK.

Another supporter of Ledger here, specifically Ledger Nano X. As I have both Nano S and X, I can say that Nano X is more convenient To use than Nano S.

• You could run more applications if you want to (you probably won't use it, but you would be thankful to have this capability)
• You could transact any time; you need the device and the smartphone(it is practically the time you could sat that you use crypto say to day)
• No cable needed

I think there are more but aside from that; both devices are outstanding (the S and X), you would decide if you want portability to transact anywhere or just a wallet in which you would hold and Rarely use.

There are some setups that you need to follow if you are going to use Ledger. Check the link below.
https://support.ledger.com/hc/en-us/articles/360006352934-Monero-XMR-

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Just like Lucius said, wait for the Black Friday sale. Online marketplaces would be in such a good state.

Yeah, I never tried to use my Nano S with my smartphone either and have no need to.

About those cables:  I ran into a problem where I could successfully enter my password and launch Ledger Live and all that, but it couldn't synch and I couldn't open the Neon wallet linked to my Nano.  Turns out that the USB cable I was using was trashed and I didn't know it.  After trying another one, everything worked fine.  Had me baffled for a few hours.

OP, I don't know a damn thing about the coldcard wallet, but I am liking my Nano S a lot since I bought it.  The price is also more reasonable than the Nano X and if you're only concerned about two coins in total, the S sounds like a better buy if you do choose a Ledger.  And judging by the posts here and in other threads, you can probably tell that Ledgers are very, very popular around here.  There's good reason for that--it's an awesome hardware wallet.

Another + for the Ledger Nano S from me as well.
Since you are planning to use it to store only two different coins there is no need to go for the more expensive Nano X version. And even if you change your mind in the future you should be able to install at least 3 or maybe 4 apps at the same time on Nano S unless they update the size of the apps ultimately allowing more app to be installed at the same time.

Even if you connect your wallet to an infected computer you will be safe and your private keys will not be leaked.

This is true, but only by what the current situation is. Although hardware wallet undoubtedly has distinct advantages, it is not bulletproof or maybe it's better to say it is not resistant to human stupidity. Private keys should be safe even if hardware wallet is connected to the infected device, but only if users are check for any action of HW display. Clipboard malware (address changer) can attack any UI (Ledger Live, Electrum...) and coins can be sent to hacker addresses. Some users do not understand the importance of seed so they type it anywhere, and in most cases lost their coins.

It's not about what you use, it's how you use it. Any desktop or mobile wallet in the hands of an experienced user is a less risky way of storing crypto, then any hardware wallet in the hands of an inexperienced user.

it is not resistant to human stupidity and laziness. Clipboard viruses are a threat even for hardware wallets, that is true. But users are too lazy (and a bit stupid) to double check the address they are about to send to and they usually realize that their Bitcoin is gone when it is too late.
The seed is not meant to be shared with anyone or saved online. It says so on the recovery sheets that are included in the package of your hardware device. It is also stated on the Ledger website but my guess is that most people don't even read those and immediately plug their device into their computers.
   

There is no security system in the world which is entirely resistant to human stupidity, and unfortunately, there is plenty of human stupidity to go around. There was a story not long ago about Coinbase itself (not Coinbase users, but the actual exchange) being hacked via phishing emails sent to their employees. Of all the places to target, you would have thought that Coinbase employees were less stupid about this kind of stuff than the average person, and Coinbase would have some proper security in place to prevent it.

It's definitely true that many users don't read the instructions before using their device, but I've always thought the "Store it securely" and "Don't share it" warnings are not clear enough. I've always said that we should be telling new users that as soon as you have to enter your mnemonic phrase anywhere, you should consider it compromised and sweep the wallets immediately. I'd much rather they err on the side of caution than take a risk.

There has already been some discussion about this, but I think part of the problem with hardware wallets comes from the fact that all the instructions and the websites of the manufacturers themselves are in English (both Trezor&Ledger). When we consider that this language is very difficult or completely unknown to some people, it is quite realistic to expect that some users do not really understand the very basics of using hardware wallets.

Good advice for them would be to try translate the whole page with Google Translate, it certainly won't be a perfect translation, but it can still help overcome the language barrier.

If you hold just two coins - Bitcoin and Monero, then it's not worth for you to buy Nano X because it costs 2 times more than Nano S and you don't need all features of Nano X, like keep up to 100 coin apps at the same time.
Ledger being not open source isn't an issue - in all these years in crypto industry they proven to be trustworthy. So, you're safe as long as you buy wallet from official website.
And yeah, it's possible to connect Ledger to smartphone through OTG cable, meanwhile you can connect Nano X to your phone via Bluetooth.
I don't know much about Coldcard, but I see that's not cheap wallet. So, I don't see any reasons to overpay for you when cheaper wallet Nano S satisfy all your needs.
And if you're not in rush to get hardware wallet, I suggest you to wait some time - usually Ledger offer great discounts on Black Friday.

This is definitely true. Although English is the #1 language in the world many people don't speak any English. The website is only available in English, one would think that they could at least translate it to French and Spanish as well.

When installing Ledger Live you are also not given an option to change the language. I am not sure if you can do that from the settings later on once it is installed.

Sure ledger nano s, adding 25th password to the SEED like nothing else will make this hardware wallet safe and reliable. Besides  that device may keep at least   two sets of private keys - first one  is that  relevant to bare SEED while the second - to the SEED + 25th word.  You can use different PIN codes  to switch between the two sets.