Ledger?

What's the consensus on this? What are the vulnerabilities? What happens if Ledger Live breaks?

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dyor

>what happens if ledger live breaks
yes, imagine there is no other way to access your crypto besides the ledger live application... kek youzzz dumb af

>Consensus
>biz

fella, I got some bad news fer ya...

Cant you upload your seed to other wallets?

It's solid.
If Leger Live breaks you use one of the other hundreds of wallets that support the ledger.

Really impressed with the intelligent discourse here.

>intelligent discourse
go to reddit

>vulnerabilities
black box components like very hw wallet
>ledger live breaks
seed phrase
>consensus
your a nigger

>your
kek but also based

your brown to

Misread your comment and deleted for self-shaming.

Hello fellow biz comrade
If ledger live break, there is no fear, if you back up your seed words to sergeybackups.ru, we will keep them safe for you.

That shit basically generates a key inside the hardware and uses it to sign transactions. Thorically, it's independent of ledger live, ledger live sends the transaction to the device, you comfirm it in the device, the device sign it and sents the signed transaction to ledgerlive
- private key is generated in the devices only and supposedly the only way to access the key is through the display.
- wire just transfer transactions/signatures and "apps" (those are the coin handlers: monero, eth, tron, btc)
- can be manipulated in the mailing process before it get's to you.
- firmware not open source, but let's be honest, if you can't compile it by your own and overwrite the default, it'd be useless.

I have one. There's no 100% secure way to store an sign keys but it procets you aginst malware in your computer/mobile. If it's stolen, you have time since they have to guess your pin. Obviusly you have to store the key in paper, so if the ledger breaks/(is lost) you can transfer the funds to other wallet.

Excellent device. Buy one if you want to be bombarded with phishing attempts like I have ALL FUCKING YEAR. Get one from the official site they said, its the only safe way they said. AAAAAAAAAAAAAAAAAAAA

I think the device is secure enough for me and most people, but if you want the most schirzio-chad solution:
1. get an airgapped shitpc
2. download a good private key gen-script to an usb and plug it in the computer
3. after moving the script to the pc, just trow away the usb and don't plug the usb anywhere else
4. generate a good quantity of address/privatekey pairs (include the md5 address hash too, for checking)
5. buy an "airgapped" printer and connect it to the computer
6. print all your key pairs
7. don't plug the printer anywhere else, destroy it with a hammer, burn it and bury/store the remains in some safe place (don't take it to the dumpster).
8. do 7. with the computer too.
9. Mark each pair with a number
10. Send all your funds to the first address.
11. When you have to send funds from this address, just put the privatekey in any regular wallet like metamask/trustwallet in your everyday phone/computer
12. send the funds you want to the address you want and send the remaining funds to your 2nd printed address (use md5 to check it's correct).
13. Throw the 1st address away, now the 2nd address is your first address
14. repeat 11/12/13 everytime you want to make a transaction.

this is the best I came up but I'm too lazy and ledger it's good enough for me

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>Buy one if you want to be bombarded with phishing attempts
What? I want to buy a Nano-S will they sell my email to poojets?

>2. download a good private key gen-script to an usb and plug it in the computer
What if the script comes from a compromised PC and generates private keys of which a malicious third party is in control?

also forgot to mention that trezor is better, it has had less complains in its history

well the idea is to get an open-source, well tested and proven script, maybe one used as a dependency in several big projects.

Obviously, it's better if you know programming and understand the code, it should not be that big of a code and if you know the basics of the privatekey gen algorithm used, you can spot anomalies.

Multisig
All concerns resolved

hardware wallets are a fucking meme and give a false sense of security. I would never, fucking ever, use one.
Most secure method is still paper wallet.

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Good point. On an unrelated note, I was thinking for a while if it were possible to go full schizo and do all the computations yourself just with the help of pen and paper and a pocket calculator. Like how long do you think it would take you to verify one transaction if you carried it all out by hand? Some hours, some days, maybe even years?

do you even know how a ledger works? you have to PERSONALLY sign off on any transaction on the actual device itself, no one can just "hack your wallet and steal your funds"

Yes you can put your seed in whatever wallet you want. It doesn't matter if your ledger stops functioning or ledger live breaks. Always have a backup of your seed, write it down and put it in a safe space. It's simply a device to sign transactions without exposing your private key.

>Most secure method is still paper wallet.
Hardware wallets are objectively more secure than paper wallets. If someone steals your paper wallet, he immediately has access to your funds. If someone steals your hardware wallet, he has to extract the private key from the microcontroller which might be hard (in the case of Trezor) or almost impossible (in the case of Ledger).

Go back to wherever you came newfaggot

Considering you can't import seeds to the device there exists a possibility of the generated seed being rigged.

if you buy it off ebay, sure, but who would be dumb enough to do that

it can take you a lot but I think signing a transaction manually is not of much use. you can just put the private key in a ledger and do the transaction there, then move all your remaining funds to other unused address in the same transaction.
Of course, you have to asume your ledger won’t get hacked in the time from when you put the key to when you make the transaction; but that’s minutes; once you’re done it’s safe.