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Author Topic: My dad got a Ledger from Best Buy....  (Read 273 times)
PrivacyG
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December 09, 2022, 03:13:26 AM
 #21

They do support online shopping but you'll need to give some personal info at one point or another. Makes me wonder if they share the data with Ledger or not.
Can you order and pay with Cash on Delivery?  If you can get a hold of a disposable phone number and order on a fake name at the address of a hotel or gas station, you would have nothing to worry about.

Another problem is the price, buying locally costs a lot in my area, probably because the reseller wants more profits. The price difference can start from 30 to 50%. It is probably not a problem if something like Nano S is your target though. I just wish it can be even cheaper.
If my Privacy trip ever taught me something, it is that Privacy has a cost almost all the time.  You either pay extra time or extra money.  Or both.

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PrivacyG

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c.h.
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mendace
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December 09, 2022, 06:06:51 AM
 #22

So I have in store for you the second best hardware wallet that anyone can use.  Bitbox02 bitcoin only edition, this is a fantastic piece of hardware that stores your private key offline on a micro SD that you can store wherever you see fit.
I haven't used the bitcoin-only version, but I've used the other one and for some reason it slows down my cursor something fierce--have any of you had that experience with the Bitbox?  That's the major issue I have with it as a device, with the secondary one being that it appears to be designed for people with tiny fingers, and for me it's hard to key in the password.  The major gripe against the Ledger products is that the code is closed-source, so if the above things aren't a problem I'd recommend a Bitbox in a heartbeat.

Good to see you here, tread93.  And best of luck to your pops with his wallet selection!

mmh yes I understand your disappointment, maybe it has some design problem.  But the software is robust and has an added chip to keep the operations protected (like the google pixel titan, if you know it).  Maybe we can complain to Shiftcrypto about the key issue.
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December 11, 2022, 02:15:49 AM
 #23

Can someone tell me what is the currently the ledger wallet that is most secure? If not Ledger then what is the best cold storage wallet in your opinion & what facts do you have to back that up?
I'd personally recommend something not Ledger-branded; if you want a tried-and-tested brand, get a Trezor product, otherwise I'm a big fan of the convenience and open-source nature of the Foundation Devices hardware wallets.

In terms of supply-chain attacks (the scenario described / worry about it described here); some brands rely on stickers, others give you more options.
Passport has a 'supply chain validation' process where cryptographic signatures are used to make sure the device is genuine; the device also verifies signatures of any updates you install to it (just reinstall latest firmware when you get it) and you could even easily build the firmware yourself and flash it, after uploading your own keys to it.

Open-source hardware also allows you to visually inspect PCB and internals for any hardware implants or similar supply-chain attacks on the hardware level. Although I must admit that they're not the easiest thing to open (without damage).

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c.h.
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virasog
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December 31, 2022, 09:15:41 PM
 #24

That's good that now people are learning and the are doing good decision. I think ledger wallet is for those people have larger money I mean from 100k dollars plus value. Cause when they need their money they can make Transaction, unless their wallet is safe and their money is safe too. But regarding your dad can I ask for what purpose he bought Ledger wallet.

A Ledger Nano S Plus is just $90. If you're a long-term investor, that purchase should be a total no-brainer. Why use a hardware wallet just when you already have $100k? Heck, I purchased my first hardware wallet when I had like $2000.

People who have fewer funds should not buy hardware wallets as the software wallet should be enough for them.

Finally, due to a large number of scams and everyone targeting people crypto and bitcoin, always order or buy it from an official store. Do not trust any reseller no matter how much he is trusted. Since bitcoin is getting popular, resellers are trying to scam people who order hardware wallets from them. So be careful.

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January 01, 2023, 03:18:21 PM
 #25



People who have fewer funds should not buy hardware wallets as the software wallet should be enough for them.


The issue with that and bitcoin will always stay the same: Bitcoin price constantly rises over time and therefore you will be sooner than you think left with a massive amount of USD. Then you will be totally hyped and don't think about your unsafe coins in an unsafe exchange or your unsafe wallet. Finally you will loose these coins. The best way to not have that happen is to store them safe, no matter what the value of your coins is at that time. Safe can also be a paper wallet or an offline laptop.
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