Okay im freaked out right now.  As im typing in my seed for all the words, as i went halfway or so, one of the words i wrote down the first two letter, it does not show the exact word for that number.


Does this mean my seed is incorrect?  I am pretty sure i wrote it correctly and even wrote it twice.  

Is it fine using the same pin as the old nano ledger s?


Also im typing my words now.  I notice after i type like the first two letters of each word, you see words appear and then you right button click it until you find it?  I thought you had to manually type each letter of each word?  Can anyone here confirm this is how it is?  I thought you had to manually type each letter of each word in the whole seed?

So right now.



Close ledger live


Connect new ledger s to my laptop - enter correct pin - then go to options and click reset device


Then look for option to recovery phrase?  Click on that and it will tell me to type in my old nano ledger s seed right?  I remember you told me there was an option to check if you recovery phrase was correct but that is not it right?  Its something you need to download install?


Then once i type in the old seed just wait.


Then assuming its correct, open ledger live and it will show the same coins?




These are the exact steps I have to do now right?  Thank you.

Hi yes i overthink a lot about this.  Again this device always got me nervous. 


So right now while not having ledger live opened, connect my ledger so to my laptop, put correct pin... then go to settings and click reset all right?


Again, yes im taking very very slow with this.

To add to my last post... after I did this, I removed my nano ledger s from my laptop.  I then opened ledger live and put in the ledger live password, and well you do see the old nano ledger coins as you expect since i been checking the ledger live app every few days to see if my coins are there and it is.  I also then right updated ledger live to the latest update... i haven't done so in a while.


So right on ledger live updated, I see my old nano ledger coins as usual.



So right now... close ledger live?  Then connect my ledger nano s to my laptop... and after typing in correct pin... then go to options to reset device right?  Or just intentionally put pin wrong three times?


Then look for the option of recovery phrase?  Then type in my old nano ledger S seed right?  Then it would show processing... then if correct it would say okay.  Then open ledger live and put ledger live password and then it would show my old nano coins like usual and my new nano ledger s connected to it?


Because right now... i should not have ledger live opened... then connect my new nano ledger so it with the right pin right?  Because if i do... then wouldn't it show my new nano ledger s and all the old nano ledger s coins gone?



Thus i want right now whenever i open ledger live, it show the old coins i have in my old nano ledger s?





Okay i know im taking this very very slow.



Also there is no point of me resetting it once... then create a new seed to make sure the second seed that this nano ledger s generates doesn't generate the exact same seed as the first seed right?  Is there any harm in it?

Hey all.  So i connected the new nano ledger so to my laptop.  I decided to just create a new seed.  I put in a new pin and wrote down the new seed... but of course i wont need this one since i just did it to set it up first... then reset it.


So right now... should i enter my pin wrong three times to reset it?  But i could also go to settings in my nano ledger s and click on reset all?  Both does the same thing?


Then once I do this, scroll for recovery and type in my old nano ledger S seed correct?  Im going very slowly with this and not wanting to make any single mistake and precaution.

Okay so wouldn't it not hurt... creating a new seed twice before restoring it if you say the same seed shows up twice?


Example activate it like its a new device.  Put in a new pin and it gives the seed.  Then enter it wrong three times to reset it.  Then activate like a new device to get a completely new seed and put in new pin.  Then enter it wrong three times to reset it.


Now.. put in the old nano ledger s phrase and see if it restores the coins from the old nano ledger.  Would that anyway help?  You say if its tampered, nothing matters... but doing this... you could see if generating a new seed twice... could test if it gives you the same seed?  Again i want to reset it before i put in my old seed to try. 

Hi well i cannot disassemble the device.  But is there any harm is creating a new seed with a new pin for the new account, then put wrong pin three times to reset it... just in case?  Like if it was somehow tampered... well at least creating a new seed might do something to it as oppose to first thing I do is enter my old seed?


But it will ask me to create a new pin before I enter my recovery phrase right?



Well I wanted to know what happens on the screen right after i type in the last word in my seed... so I won't get any surprises.  Like does it show check mark which goes okay the seed is correct.  I already have ledger live on my laptop though?  It has the accounts already added previously.  The only thing is I have not updated ledger live in a while.  But the moment I open ledger live... after the recovery process, it should show my coins like normal?  For example right now if i was to open ledger live, I open program, then enter my ledger live password, then i see my coins.  I do the same right after recovery right and coins will be there?



I have done this process before a while back with electrum and that was not an issue with my electrum seed.



But I never tested my nano ledger s seed... which is why I'm nervous.  



So it's like after i type in the last word of my seed then click okay or next... I wanted to know like what is the first thing the screen shows when its confirmed correct or not not correct etc.



Thanks.

Hey all.  As some of you know in my previous thread, my nano ledger S did not turn on anymore and I was out of the country and did not have my seed.  I recently came back to the US and do have a new ledger nano s and have to look for the recovery seed.



Now can someone tell me the exact instructions to do this? 



The first thing I said was... when i first connect it to my laptop, should i immediately restore with my seed... or should i create a new seed and a new account so to speak... then i just writer that new seed down anyways and a new pin... then intentionally put the wrong pin three times to reset the device... then enter my old seed... to recover my coins from my not working old nano ledger s?  I say this because in case my nano ledger s was tampered somehow... then creating a new seed and putting wrong pin three times reset the device... then from now on... anything i do whether its restore an old seed or create a new seed... well that would be safe?




There is no harm in taking this step right?  Now after I do this... when i connect the new nano ledger so to my laptop, do I need ledger live opened during the recovery process?  I don't believe so right?  Thus everytime is typed on the nano ledger s physically with those buttons while connected to my laptop?



Now... in this recovery process... do i need to create a brand new pin?  My old pin is useless right?  But it would ask me to create a brand new pin before i enter my old nano ledger s seed?  Would it be fine typing in my old pin for this or better securitywise to do a new one?



Now after i type in the last word of the seed, i click next right?  Now if its correct, I assume it will show a check mark and confirm?  But if not, what will it show?  Also if it shows correct, then I open ledger live and it would then show the coins there?  Or would i need to create a new ledger live account for this?  I assume not right since its the same seed? 


But I need to open ledger live for it to show the amount of coins i have right?



Can someone tell me in simple steps on doing this process?  I'm very nervous now so wanted to ask all this before I do the process.


Thanks.

The issue seem to be... you need to record an airdrop every single time you receive it.  So if you receive weird coins like magic coin or weird coins that either are not real coins or scam coins, certain you dont put anything in that right?  Also what if they are not listed or their value is like a penny or something ridiculous?  When you sell it, you going to put yea i bought this coin for a penny and sold it for a penny a hundred times if you receive it a hundred times in a year when you sell it?  Whether you sell immediately or later on... that doesn't even make sense.


I could understand if you get x amount of coins every single week or month and those coins are worth something... but most coins either worth nothing or worth little right?  Now what if u get an airdrop to your wallet for a few hundred dollars and you had no idea of this.  Then later on down the line you check your wallet and see... hey i got these coins as airdrop or staking or reward... then you see its now worth 0 when it might been worth 500 months ago when it came out.  But even if it was 500 dollars worth, unless you check your wallet all the time, how would you even know if you receive it until you check later on?


It seems even more crazy when you sell the staking coin/airdrop.  I understand the receiving part of it in usd... but how does that make sense?  I mean unless you sell it or trade it... makes no sense at all.  Someone could literally have 5 figures in crypto transactions when selling staked coins or airdrops right?  Coud you imagine how the recording of the transactions woudl look when it show bought fiber coin for a penny and sold for a penny or less and do it hundred times and doing it with many other coins?

This is insane. So what if someone has thousands of tons of transactions and has a few wallets that they stake.  Example, waves seem to every few days give you some coin... where you not even sure if these coins are legit or not.  Some of them I think are even scam coins.


I mean im sure there are some wallets that might give you tons of coins for staking but you dont have a clue how much its worth?  What if its not worth nothing?  Also if its worth pennies and you get them every few days, you going to record 50 transactions for the year the moment you sell them each time?


Example received staking coin p that was 5 cents... now you sell them three cents.  Then you do that for the next fifty transactions or something when you sell them a year later or something?  Someone could have ten thousand transactions easily if it was like this if they stake and get lot of staking coins that could be worth nothing.  This doesn't even make sense since it seems the only way it make sense is when you sell them... similar to like how the forked coins with bitcoin cash etc... right?   So if you have tons of coins like bcoin and l coin that you got from staking and received it multiples times throughout the year but you dont see it worth anything or worth a penny, you going to still have to report it?  I mean imagine it being worth a penny and you got that one hundred times a year.  When you sell it... you going to record the transaction one hundred times b/c you got it a hundred times?

Any new on shift?  I cant find much now about it... their twitter seem to not do much?

What if that coin is no longer there anymore?  Or it changed its name?

What if you don't even know what was the price of that coin when you received it?  Example either that coin is now 0 or doesn't exist or very little but coinmarketcap doesn't show anything on it?

Have a coinbase account but never used it.  So they only send you that document if you did over a certain amt of transactions or over a certain amount?

Anyone?

Thanks but it doesn't show west or vostok price before this year though?  Is there a way to view vostok price from last year?


Also of all the coins in the waves wallet... are most of them scam coins.  Why only a few of my coins show qualify but a few hundred total?

So its only btcpop that you can buy/sell beancash now?

My example is different here.  Im talking about coins you get from staking... example... u get coins from waves leasing or any other altcoins.  But during the whole time, you just get additional waves or other altcoins.  Say you get a few hundred dollars worth of it when you add up each transaction at the time you receive those waves or altcoin...like 5 dollars each time...but obviously it could be more or less if that coin price is different.  Then say you reported one hundred or few hundred etc.  Then later on... that coin is worth nothing... then what happens?  Because i understand how it works when you buy coins and then it goes up a lot when you sell but then dont sell the other bunch and then it drops.. but when you get coins from staking.. it seems like you need to immediately sell it for usd or usdt to prevent getting screwed so to speak on something like this?  Obviously for small amounts it doesn't seem to be big deal... but it doesnt make sense because if that is how taxes work for staking... shouldnt almost everyone immediately sell it for usd/usdt the moment they receive them? 

Okay So west is the new name for vostok.  It shows the current price is 8 cents.  Do you or anyone know what was the all time high for it?  I recall back then when i got vostok... it was over a dollar each?  I checked coinmarketcap for West but it only goes back to the beginning of the year which is when i assumed vostok got changed to west?



Is there a way to check to see what date i received it in?  Because it seems the wafes wallet only goes back one year in transaction history?  Can you view old transaction history?



Also when i click on investments and staking, i see i have some waves to stake... that I did not stake previously.  I see i staked it to wavesfullnode and every week i receive some waves.  Now when i click on stake waves, it shows a few different pools and they pay around 5-5.5 percent each mostly.  But all these are safe right?  Because i see one called caveman lab that gives a tiny bit more than wavesfullnode.  So is it best to just stake the rest of my waves with wavesfullnode... or stake it with another one if it gives you a higher percentage?