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Author Topic: Best Second Hardware Wallet To Buy?  (Read 338 times)
Pmalek
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March 22, 2021, 11:56:20 AM
 #21

I only have btc and bch and btg wallet installed in my ledger nano s even though i only have btc and bch on it only.  I definitely would like to install more coins though like litecoin and a few other coin apps though when i get those coins.  But if i install ETH app in addition to having btc and bch and btg in it... is it enough space?  I heard if you install both btg and eth, it takes up almost all the kb?  But if you only have btc and other coins, you could do up to 6 or 8 coins?  I know before the update, you could do max like a few wallets installed only before you need to delete and install each one everytime right?
There are two types of apps in Ledger Live:
- Standalone apps
- Dependent apps

Bitcoin is your standalone app. You need that one if you want to have Bitcoin Cash, Bitcoin Gold, Litecoin, etc. Depending on the combination of apps, you'll have enough space to install your standalone (Bitcoin) app + 4, 5, maybe more dependent apps.

You don't need the Ethereum app for any of the coins you mentioned, so there is no reason to have it installed. I hope you have learned by now that even if you uninstall an app, you aren't losing those coins. The software just doesn't display them until you reinstall them. 

Regarding your doubts about the seed. You don't need to fund an address after you create a new wallet using a newly generated seed. Ensure that you have written it down properly. After that you can use the Recovery Check app to see if it's correct. The first time you create a new wallet with the new seed, check and save a few addresses, or just one of them. Then reset your device to factory settings. Restore your wallet using the same seed. If it generates a wallet with the same address as the one your previously saved, you did it correctly. If you insist on funding an address just to be sure, I wouldn't recommend you do it with 0.005 BTC. That's almost $300 worth of bitcoin right now. Send a few dollars worth unless you are comfortable to potentially lose a 3-figure bitcoin amount.   

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jerry0 (OP)
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March 27, 2021, 09:11:59 PM
 #22

Okay so i saw a few videos on youtube and some ppl seem to not like the nano ledger x much compared to the nano ledger s.  They say it doesn't feel comfortable and things like that.  Does anyone here own both a ledger nano x and s... could share their opinion?  I know the big difference between both is you could install a lot of coins on the ledger X as oppose the ledger s which you need to delete apps if you have more than a few amount of coins.


But does the battery bother anyone since these can't last more than a few years right?  Has anyone battery went bad with the nano ledger x?


Again i will stick with either ledger or trezor.  I dont want to spend over two hundred dollars on the trezor T though... so would just getting the trezor one be fine since its around same price as the ledger s?  For me, i am strongly leaning towards getting another nano ledger s or the trezor one. 


Also if ledger x and s was same price... would almost everyone choose the ledger X?


Also the one thing about the ledger s i like the most is it look like a usb stick.  With a trezor or trezor T... don't most ppl agree it looks much different and could draw attention?  Also do people feel comfortable using their hardware wallets in public like at a coffeeshop or something?  I dont feel like good idea.  But if its with a ledger nano s, i think many people close by would think its a usb stick and nothing else.  Now with a trezor, well they might get a bit suspicious?


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March 27, 2021, 09:31:26 PM
 #23

But does the battery bother anyone since these can't last more than a few years right?  Has anyone battery went bad with the nano ledger x?

My Nano X arrived with a faulty battery twice (it was discharging way too fast). I had both units replaced under warranty. Ledger claims that the battery is not replaceable. You should be able to use it without any problems even if the battery dies.

I dont want to spend over two hundred dollars on the trezor T though... so would just getting the trezor one be fine since its around same price as the ledger s?  For me, i am strongly leaning towards getting another nano ledger s or the trezor one.  

Keep in mind that both Trezor model One and model T are vulnerable to the unfixable seed extraction attack. I guess that's something you would want to know about.
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March 29, 2021, 11:35:20 AM
 #24

Also do people feel comfortable using their hardware wallets in public like at a coffeeshop or something?  I dont feel like good idea.  But if its with a ledger nano s, i think many people close by would think its a usb stick and nothing else.  Now with a trezor, well they might get a bit suspicious?

If you don't want to "draw attention" you shouldn't use any hardware wallet in public.
It doesn't really matter if "less people" will recognize it as a hardware wallet. That's a security by obscurity approach and shouldn't be relied on.

Either you don't care people see you with a hardware wallet or you don't bring one with you.

Pmalek
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March 30, 2021, 10:06:15 PM
 #25

Okay so i saw a few videos on youtube and some ppl seem to not like the nano ledger x much compared to the nano ledger s.  They say it doesn't feel comfortable and things like that.
That's OK, you are not supposed to keep it in your butt crack anyway, so don't worry about it. It was designed to keep your coins safe, not feel comfortable on the palm of your hand.


But does the battery bother anyone since these can't last more than a few years right?  Has anyone battery went bad with the nano ledger x?
You can still connect it to your computer via a cable and it will draw power from it even if the battery runs out.


For me, i am strongly leaning towards getting another nano ledger s or the trezor one.
Get another Ledger S. You will just get more confused operating a brand new wallet like the Trezor. 


Also if ledger x and s was same price... would almost everyone choose the ledger X?
How will the answer to this question help you any further? You just said you are thinking about purchasing another Nano S or the Trezor One.


With a trezor or trezor T... don't most ppl agree it looks much different and could draw attention? 
It looks like a tamagotchi to me. Stick it inside a drawer with thermometers, Tamagotchis, and blood-pressure monitors and someone who knows nothing about crypto wont know the difference.   

Also do people feel comfortable using their hardware wallets in public like at a coffeeshop or something?  I dont feel like good idea.
I don't use mine publicly. If I need to carry bitcoin on me, I transfer some to a more user-friendly hot wallet.


But if its with a ledger nano s, i think many people close by would think its a usb stick and nothing else.
A USB stick isn't connected via a cable to your computer.

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jerry0 (OP)
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May 15, 2021, 04:45:31 AM
 #26

Okay this is going to sound like a very stupid question but i need to ask.



My current nano ledger s, i have coins stored there and accounts are shown on ledger live.



If i get another nano ledger s... then restore my current nano ledger seed into the new nano ledger s... then i will have access to my coins.  But when I do this, do i even need to delete those accounts on ledger live and re-add them or that is completely unnecessary if that seed i enter is 100 percent the seed connected to it?  So one could just sent/receive with no issue just like that?



Also people say its always a good idea to get a backup hardware wallet such as another nano ledger s or x in case your current one breaks so you don't need to wait to order another one.



But when people get an extra hardware wallet for backup, does it make sense to restore the current nano ledger seed to it as well?  So if anything happens to your current nano ledger s, well now you have access to your backup hardware wallet... but not only that... you can just enter the pin to it without needing to get your seed?  Compare that to going to get your backup nano ledger s... then having to type in the seed in order to access your coins?  Do you people with an extra hardware wallet... just let it sit there in your drawer and not activate it... or do you put your seed in it?  I guess one negative is if you somehow mistake one nano s for another, then you going to put the wrong pin down right on your first try?

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May 16, 2021, 08:00:51 AM
 #27

I see no reason why you would use two Nano S hardware wallets at the same time. Are you planning on using one from Monday-Wednesday, and the other Thursday-Sunday? If the other one is supposed to be a backup, then keep it as a backup in case your first device stops working.

It make sense to restore your seed in it, just to see that the device works and isn't faulty. If it is, you can always return it while it's still under warranty. Don't forget to restore if to factory settings before.

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May 16, 2021, 08:42:37 AM
 #28

I guess one negative is if you somehow mistake one nano s for another, then you going to put the wrong pin down right on your first try?
Why would you keep your "everyday" hardware wallet and your "backup" hardware wallet in the same place? Huh

You're effectively putting all your eggs in one basket, so doing that will only really result in a backup from hardware failure of the first device... but likely won't help in the case of fire, flood or theft.

Also, why not just use the same PIN on both devices? Huh

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May 29, 2021, 03:26:06 PM
 #29

I would suggest Trezor One as a great second hardware wallet. It's small and very user friendly and also quite affordable.
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June 09, 2021, 11:00:53 AM
 #30

At this point, why don't you just buy Ledger Nano X instead?

For the OP, this would no doubt be quite a challenge - so while it's not something that makes a big difference, when someone is so confused with the basics - imagine what would happen if he had two different models that have S and X in their name... He better understand some things with S before moving on to level X.



I have got the second nano s for  half of the regular price. I don't like nano X  for both its price and the build-in battery.

I bought my X at a significant discount a few years ago and have never regretted it - except I don't have to worry about storage, it's a lot easier to work with because of the larger screen where you can see the entire coin address when verifying - and unlike the S model, the whole device looks much more compact and of better quality. For me personally, the battery is not a problem, it makes sense only if you use BT - for a desktop connection there is a USB cable.

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