Nano Ledger S Ledger Live?

[TryNinja]

Hey hcp, thanks for the response.

Okay makes sense with what you mentioned that it reads your thing and find all addresses and balances.  But here, you basically put a password that you remember like similar to like electrum right?  Thus if you don't, anyone who has access to your laptop could basically turn that program on and see how much cryptocurrency you have?  But you always have to remember this password right?  What if you forget this password?
Could you install it again?  But as long as you use it with the chrome app thats still fine?  Unless of course they stop the chrome app?

The only thing you need to remember is your Ledger PIN or your backup seed (have it backed up). If you lose your password, you can just set up your wallet into Ledger Live again.

There is only a password option for privacy, so you can see your balance without having to connect the Ledger Nano S to your computer while not allowing anyone on your computer to see your wallet.

[1714898921]

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[1714898921]

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[jerry0]

Thanks for the response.  But why would anyone not put a password for it?  Because if you don't and say someone has access to your laptop, they could see how much coins you have even though they can't access it. 

[TryNinja]

Thanks for the response.  But why would anyone not put a password for it? 

I never said you shouldn't. I said that it doesn't matter if you forget your password because you can always set it up again.

Because if you don't and say someone has access to your laptop, they could see how much coins you have even though they can't access it.

Literally what I said above.

[o_e_l_e_o]

But why would anyone not put a password for it?

Because my laptop has full drive encryption and is never unencrypted unless I'm actively using it. If someone can break that encryption then they can definitely break a password to some random application.

[bitmover]

But why would anyone not put a password for it?

Because my laptop has full drive encryption and is never unencrypted unless I'm actively using it. If someone can break that encryption then they can definitely break a password to some random application.

This password is basically useless , as all transactions beed to be confirmed on ledger nano itself, using the PIN.

What you need to take care of is your pin and your seed.

[bob123]

But why would anyone not put a password for it?

Because my laptop has full drive encryption and is never unencrypted unless I'm actively using it. If someone can break that encryption then they can definitely break a password to some random application.

That's not really a good reason.
Your files can not be accessed when your computer is shut down, yes.

But malware could theoretically access these information while your computer is running. If ledger live is then protected by a password, no information can be extracted.
Otherwise you'd leak some information there.


Even though i believe that people using full drive encryption know how to protect against malware, this shouldn't be unmentioned.
For a standard user a password definitely is recommended.

[o_e_l_e_o]

But malware could theoretically access these information while your computer is running. If ledger live is then protected by a password, no information can be extracted.

True. But if someone has managed to get malware on to my machine then them knowing the balance of my crypto accounts is probably the least of my worries.

[TryNinja]

But malware could theoretically access these information while your computer is running. If ledger live is then protected by a password, no information can be extracted.

True. But if someone has managed to get malware on to my machine then them knowing the balance of my crypto accounts is probably the least of my worries.

Doesn't mean you shouldn't worry about your Ledger wallet information leaking.

I don't think there is any downside on setting up a password other than being lazy to write it every time you open the Ledger Live.

More protection = the better.

[Umencher]

what is the official ledger site?

[bitmover]

what is the official ledger site?

https://www.ledger.com

You can download ledger live there and find many guides.

Their official reddit is also very useful

https://www.reddit.com/r/ledgerwallet/