Dear Experts, when attempting to transfer cryptos from Bitpanda to my Ledger Nano S Plus hardware wallet, I'm presented with a choice: 'Wallet Host on Ledger' or 'Ledger Live'. What is the difference? My goal is to send the cryptos to the cold wallet (i.e., this USB stick) and not to a cloud-based solution from Ledger. Could this even be a 'trap'? How reputable is Ledger, or am I stepping onto thin ice?"

The argument from Ledger Support to send to their "Live Wallet " as following :  (but I dont belive that)


Ledger Live is essentially a management tool that allows you to interact with your cryptocurrency holdings. It does not store your cryptocurrencies; instead, it provides a way to view and manage them securely through your Ledger hardware wallet. Here's a simplified breakdown: 1. Interface: Ledger Live acts as an interface for you to manage your crypto assets. It allows you to see your balances, initiate transactions, and manage your accounts. 2. Security: Your private keys, which are necessary for authorizing transactions, are stored securely on your Ledger hardware wallet. They never leave the device, ensuring your assets are protected. 3. Transaction Process: When you want to send crypto, you use Ledger Live to prepare the transaction. The transaction is then sent to your Ledger device, where it is signed using your private keys. This signed transaction is then broadcasted to the blockchain network. 4. Blockchain Interaction: Ledger Live interacts with the blockchain to update your account balances and transaction history. It queries the blockchain to provide you with the latest information about your assets. The key point is that Ledger Live facilitates the interaction with the blockchain while keeping your private keys secure on the hardware wallet. This setup ensures both security and functionality. If you need further assistance or have more questions, you will be able to contact a human assistant in the next steps.

I did that alreay . All views are empty. The only thing is that on the register addresses there are 20 adresses has the status receiving (green) the oher 10 has the status change and yellow highlighted. What is the next step?

Experts, can these Bitcoins be transferred from the 12 keywords to Electrum?

1. I have the phase with the 12 words.

2. I have installed Electrum on a Windows computer.

3. In the step do you want to... I select => I already have a seed, right?

4. In Enter the seed I enter the 12 words.

5. But then the "next" field remains inactive.

6. Under Options you can select BIP 39 or SLIP39.

I don't have the information about what I have to do next.

Please give me your advice. Many thanks and regards, Tom