I have read that once you have the wallet address (which the ledger needs to be connected to generate) then it doesn't need to be connected to receive the BTC.
Can someone explain to me how this works please.
I was in the process of transferring purchased BTC from CEX to my Ledger and connected it, got the address and then as I was actioning the transfer, I got prompted by CEX to send a selfie with my payment card for extra security. It will take a couple of hours to process so in the meantime I have a wallet address and a disconnected Ledger.
So In trying to understand this I've realised I don't actually know how the offline storage works,
1. Where are the coins now if they are not in my off line wallet
2. Is there a risk if I never connected my ledger S again that these new coins would be lost?
3. What is actually stored on my Ledger S!
Thanks in advance.