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Author Topic: New Address each time for Ledger Nano  (Read 432 times)
expertschoice
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October 23, 2017, 02:57:27 AM
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I have a balance of a few Bitcoin in my Ledger Nano.

I find my Ledger Nano Bitcoin "Deposit to" address and look it up on BlockChain Explorer and it shows NO Activity, zero balance.

Is this because the Nano generates a new address after each use of a present address?

Sorry, I'm a newbe.

H
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October 23, 2017, 04:06:18 AM
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Yes, by default, the ledger wallet will give you an "unused" address when you want a "deposit to" address. If you have had multiple transactions, your coins are most likely spread across multiple addresses.

If you want to see the addresses your coins are currently in, you would need to look at the individual transactions in your transaction history, and get the individual addresses from there.

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October 31, 2017, 05:01:04 AM
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I have a balance of a few Bitcoin in my Ledger Nano.

I find my Ledger Nano Bitcoin "Deposit to" address and look it up on BlockChain Explorer and it shows NO Activity, zero balance.

Is this because the Nano generates a new address after each use of a present address?

Sorry, I'm a newbe.

H

yes by default it can be generate new address. it has more secure so by default generating new address is really good to use. it can generate like that then no hack to this. so try to use once it is really it gives you more security.
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November 02, 2017, 01:50:30 PM
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I have a balance of a few Bitcoin in my Ledger Nano.
I find my Ledger Nano Bitcoin "Deposit to" address and look it up on BlockChain Explorer and it shows NO Activity, zero balance.
Is this because the Nano generates a new address after each use of a present address?
Sorry, I'm a newbe.

H

yes by default it can be generate new address. it has more secure so by default generating new address is really good to use. it can generate like that then no hack to this. so try to use once it is really it gives you more security.

Actually it does not really give you more security.
Security-wise its ok to use an address more than once. Its the privacy you want to protect with new addresses each transaction.
I dont understand what you mean with "it can generate like that then no hack" since there is no possible "hack" or whatever to addresses used more than once.

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