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Author Topic: Thinking about buying a ledger nano s, anything I should know before?  (Read 1358 times)
mk3000
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January 15, 2017, 10:50:32 PM
 #1

I'm considering getting a hardware wallet and the ledger nano s seems like a good choice for the price. how many people here are using it to store their coins? is it really that much safer than a web or desktop wallet? looking for opinions here before buying it. Thanks!

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January 16, 2017, 01:53:53 AM
 #2

If you have a decent amount of coins to protect, sure.
It is much safer since your private keys never leave the device.
Keys in a normal wallet are much more susceptible to viruses, phishing scams, etc.

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January 16, 2017, 02:33:05 AM
 #3

Yeah, the Ledger Nano S looks like a pretty good device. I think it is my favorite choice right now, but I was thinking of waiting for the Trezor 2 to come out so I could compare it with the Ledger Nano S before deciding which I liked best.
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January 16, 2017, 09:48:19 PM
 #4

You can check the following post on the link bellow, the writer compares 6 hardware wallets with pro and con. I hope that you will help you in your purchase decision.

https://www.deepdotweb.com/2017/01/05/hardware-wallets-keep-friends-close-bitcoins-closer-kptx/
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January 19, 2017, 09:12:06 AM
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Its definitely better then using a web or a desktop wallet and Its with no doubt one of the best hardware wallets out there. Not only It supports multiple crypto currencies but Its possible to recover your wallet using a seed too If something goes wrong. Its also possible to use it on an infected computer without worrying about losing your coins unlike desktop/web wallets.


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January 19, 2017, 06:06:02 PM
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Its definitely better then using a web or a desktop wallet and Its with no doubt one of the best hardware wallets out there. Not only It supports multiple crypto currencies but Its possible to recover your wallet using a seed too If something goes wrong. Its also possible to use it on an infected computer without worrying about losing your coins unlike desktop/web wallets.

Yeah and integration is built in for a number of desktop wallets as well including Electrum/Mycelium/etc if you don't want to use Ledger's own wallet.
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January 23, 2017, 03:49:09 AM
 #7

If you have the Bitcoins to spare then go ahead. But there are cheaper alternatives to secure your Bitcoin with the least amount of tech savviness needed. All you need is learn how to install Tails Linux, enable persistence, a decent USB thumb drive and follow instructions.


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