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Author Topic: Is the Nano Ledger safe?  (Read 890 times)
whitefish
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August 04, 2017, 02:51:39 AM
Last edit: August 04, 2017, 07:40:13 AM by whitefish
 #1

Is the Nano Ledger safe?


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August 04, 2017, 07:36:13 AM
 #2

Very safe. It is a hardware wallet in a form of a chip and everything is done there, the transactions, so the private keys never leave that chip. It is one of the best hardware wallets available until now. The price of it is very attractive too compared to other choices.

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whitefish
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August 04, 2017, 07:41:39 AM
 #3

Very safe. It is a hardware wallet in a form of a chip and everything is done there, the transactions, so the private keys never leave that chip. It is one of the best hardware wallets available until now. The price of it is very attractive too compared to other choices.

Where can you recommend to buy this?
Thanks!


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August 04, 2017, 08:09:36 AM
 #4

Very safe. It is a hardware wallet in a form of a chip and everything is done there, the transactions, so the private keys never leave that chip. It is one of the best hardware wallets available until now. The price of it is very attractive too compared to other choices.

Where can you recommend to buy this?
Thanks!

I recommend you to buy it only in the official website.

https://www.ledgerwallet.com/products/ledger-nano-s

If you buy from somewhere else there are always risks involved as the seller may have done some bad tricks. If you buy directly from the producer, nothing bad can happen as the producer will not make his reputation at stake.

Don't forget to download the latest app for this wallet which can be found here.

https://www.ledgerwallet.com/apps/ripple


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August 04, 2017, 08:25:55 AM
 #5

nano ledger hardware wallet is the best wallet you can buy with high security feature but there is a word of caution buy directly from the manufacturer not from a third party reseller or something that made in china, for safety purposes, we don't know if there's a logger or something spying malware embedded on that chip that can steal your private key the moment you re-plugged it on an online pc and transmit that data on their server and collect some private keys. that sounds theoretical but can be possible IMHO. so buy only to original manufacturer.
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August 04, 2017, 11:25:45 AM
 #6

Yes it is very safe, all hardware wallets like Trezor and Nano Ledger are all safe and you feel safe because you are the ones who's keeping the private keys. In fact everyone should be required to use this if they can afford to buy one for the safety of your bitcoins and altcoins.
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August 04, 2017, 03:35:40 PM
 #7

What does it mean that it lack of support for passphrases?

Thanks for the ans


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August 04, 2017, 03:37:11 PM
 #8

Very safe. It is a hardware wallet in a form of a chip and everything is done there, the transactions, so the private keys never leave that chip. It is one of the best hardware wallets available until now. The price of it is very attractive too compared to other choices.

Where can you recommend to buy this?
Thanks!

I recommend you to buy it only in the official website.

https://www.ledgerwallet.com/products/ledger-nano-s

If you buy from somewhere else there are always risks involved as the seller may have done some bad tricks. If you buy directly from the producer, nothing bad can happen as the producer will not make his reputation at stake.

Don't forget to download the latest app for this wallet which can be found here.

https://www.ledgerwallet.com/apps/ripple



Thanks for the recommendations Sir.


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August 04, 2017, 03:43:24 PM
 #9

What does it mean that it lack of support for passphrases?

Thanks for the ans

Passphrase support is additional security for your recovery phrase which can make your wallet more secure. This feature will be added in Ledger Nano S soon and you can read the entire review of this wallet here: https://www.buybitcoinworldwide.com/wallets/ledger-nano-s/


Also, take note of the shipping charges. Better to buy from Amazon rather than the website as if you don't reside near the warehouse from where they ship the product, the shipping would be double the amount of the wallet. Amazon sells it at a cheaper rate.
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August 04, 2017, 03:49:28 PM
 #10

What does it mean that it lack of support for passphrases?

Thanks for the ans

Passphrase support is additional security for your recovery phrase which can make your wallet more secure. This feature will be added in Ledger Nano S soon and you can read the entire review of this wallet here: https://www.buybitcoinworldwide.com/wallets/ledger-nano-s/


Also, take note of the shipping charges. Better to buy from Amazon rather than the website as if you don't reside near the warehouse from where they ship the product, the shipping would be double the amount of the wallet. Amazon sells it at a cheaper rate.

Wow nice.. I have plan to buy this thing.



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August 04, 2017, 05:42:44 PM
 #11

Yes, The Ledger Nano is a hardware wallet and it is safe to use for storing your bitcoins on it, you can basically bring it everywhere with you too whenever you go travelling for holidays, I have purchased one for myself too and I have never had any issue using it.

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August 04, 2017, 07:30:35 PM
 #12

Yes, The Ledger Nano is a hardware wallet and it is safe to use for storing your bitcoins on it, you can basically bring it everywhere with you too whenever you go travelling for holidays, I have purchased one for myself too and I have never had any issue using it.

Wow that's great! ... I hope I can get one.


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August 04, 2017, 09:50:02 PM
 #13

Is the Nano Ledger safe?

Yep. Ledger Nano is one of the safest hardware wallet I ever know.
Still you need to ask yourself do you really need it? For example for small transaction is much more practical to have a mobile wallet, loaded with just small amount.

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August 04, 2017, 10:52:24 PM
 #14

Still you need to ask yourself do you really need it? For example for small transaction is much more practical to have a mobile wallet, loaded with just small amount.
People looking to buy hardware wallets obviously do that for the security of the coins they plan to hodl for long periods. In this case the convenience that other wallets may offer don't matter.

Best thing of the Ledger Nano is that when you are going through a recovery process, you are doing everything on the device itself, where other hardware wallets require you to use a computer.

I just wonder why you at first mentions that the Ledger Nano is one of the safest hardware wallets, but then ask OP if he is really needs it. Roll Eyes Why does one choose a hardware wallet in the first place, oh yes, security!

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August 05, 2017, 07:14:57 PM
 #15

Is the Nano Ledger safe?

I've read so many positive reviews about that wallet and its type from the other sites and mostly here in bitcointalk in terms of security, reliability, its functions etc . Probably most people here know Nano Ledger and they'll say it is safe including me based on my knowledge about that kind of wallet .

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August 05, 2017, 08:43:25 PM
 #16

ledger is safe, but much people want it
you can buy now and item shipped (now) at 15 september

if you buy trezor, company shipped now
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August 06, 2017, 07:04:30 AM
 #17

Well, currently it is safe.

But there is always a small chance that the manufacturer has bugged the device, have a backdoor to the private key etc. So really, in my opinion at least a cold storage wallet is only going to be as trustworthy as the manufacturer. But this does not apply only to hardware wallets, some people think that NSA has backdoors to your laptop that cannot be removed and if this was the case then your coins wouldn't be safe either.

Thing is that there is no absolute "safe" method of storing your bitcoins. There are infinite amounts of possibilities as to how your coins can be stolen. You can only compare the safety of two methods, and decide which one is safer.

Nano Ledger is safer than i'd say 99% of other ways of storing your coin. But is it worth the money? Up to you to decide.

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August 07, 2017, 04:53:48 PM
 #18

Yes, it is very safe for storing your bitcoins there. As it is a hardware wallet, you will be in charge of your private keys, and it's like you own them. As every hardware wallet have their problem, be careful not misplacing it, not breaking it, as it looks really like an USB drive.

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January 29, 2018, 09:52:22 PM
 #19

Yes, but do not buy used wallets. I heard stories about bad experience with wallets from ebay.

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January 29, 2018, 11:04:37 PM
 #20

Unless you're buying straight from Ledger there is always the risk of getting a tampered Ledger wallet, even if it's from the Ledger amazon store. If you set up the Ledger as it should be set up you should be fine, always initialize a new seed once receiving your device and if you see a card like this somewhere in the Ledger box immediately get the product refunded. This is an obvious sign of a tampered box at  the minimum.


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