Ledger, safe or not?

[dkbit98]

What is your verdict? Safe? Avoid?

I would not use and trust that crap at all, and it's not only because of ledger recover service.
They are pretty much trying to be shitcoin wallet that don't care about customer privacy for a long time, they leaked private information, they have terrible battery for model X, and they have worst quality control ever.
It's just junk made in China, than later assembled in some French village garage, and graveyard of old ledger wallet models is getting bigger every day.
I would not be surprised if they have some hidden government backdoor code with bunch of signed NDA's, but this is just my speculation.

[1715349011]

1715349011

[1715349011]

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[passwordnow]

This is right, if you own the old Ledger Nano S version, it's not part of that recovery feature. As for the choice, I guess that on these times the favor goes to Trezor.

I have the same version so I would prefer this kind of model than those that supports recovery feature. But to be honest, I really do not like the decision of Ledger to include the recovery feature for the updated versions.

It clearly not defining them anymore as a true cold hardware wallet. I don’t have any plans to buy future versions of Ledger Nano like the X or so because of the controversial recovery feature.

The old version still works perfectly and good thing that it isn't supported by the recovery feature. But for those that are thinking that they should buy a new hardware wallet, you're free to do it as that feature they've added really sucks and is against the community's liking.
Before this feature came out, I had plans to buy the X version because of its feature that allows you to view your portfolio on mobile, I haven't tried yet with S version. But when they've released the recovery part, that's where I have removed that plan.

[Crypto Library]

It is more or less known that Ledger is a good wallet but no one can guarantee it 100% that there will be no problems. Since it is a wallet there will be some risk but there have been no reports of Ledger hardware wallet. And huge amount of users are seen using this wallet and they are using it very happily and carefree. Hardware wallet is a private wallet and you will have full access to it so there is not much risk involved there. So you can use it to store your bitcoins there if you want. Hope it will give you a good satisfaction. However, since there are many alternative hardware wallets in the market, you can research them and use the one that you feel is the most secure. however, Ledger wallet is still very popular in the market

[Coyster]

It is more or less known that Ledger is a good wallet but no one can guarantee it 100% that there will be no problems. Since it is a wallet there will be some risk but there have been no reports of Ledger hardware wallet.

There have been reports of ledger hack, anti privacy, ledger recovery which is a security issue, etc!

Hardware wallet is a private wallet and you will have full access to it so there is not much risk involved there. So you can use it to store your bitcoins there if you want.

What is a private wallet? However Ledger is closed source and even though it is non-custodial, ledger recovery proves that it is possible for your seed phrase to leave the 'secure element', so that will definitely be a problem for any customer who is conscious of their security.

However, since there are many alternative hardware wallets in the market, you can research them and use the one that you feel is the most secure. however, Ledger wallet is still very popular in the market

Exactly, there are so many better alternatives, and Ledger is popular because it was one of first hardware wallets that quite a lof of people bought and recommended.

[libert19]

I have ledger nano S, despite all the fiasco lately I consider it to be more attack proof than at least software wallets, so am still using it.

Hello, so with the whole ledger recovery service that was introduced not too long ago many people went to other hardware wallets. I did not, I wanted to wait and see what happens. I thought people were blowing this out of proportion and now the dust has settled it seems it may be the case.

Recovery service was opt-in, people were more worried about it being closed source and having a backdoor. Recovery thing just threew light on it's weaknesses which were prior overlooked.

[_act_]

I have ledger nano S, despite all the fiasco lately I consider it to be more attack proof than at least software wallets, so am still using it.

If you care about how your wallet is generating seed phrase, if you can care about your privacy, do not use Ledger Nano again. Bitcoin is not close source, that is why it is not good to use it on a close source wallets.

Recovery service was opt-in, people were more worried about it being closed source and having a backdoor. Recovery thing just threew light on it's weaknesses which were prior overlooked.

Probably other people, because I can not use a wallet that has a close source secure element, or a wallet that breach their buyers information to bad people to make use of.