Post: #51

(12-16-2017 07:37 AM)Maciano Wrote:  I can't speak for others, but this is what I did.

Under $500 -> Exchange
$500-$20K -> Hardware wallet: Trezor, Ledger Nano, KeepKey
Above $20K -> Full node* or disconnected PC with Bitcoin Core/QT wallet or Armory

*See Glacier protocol
https://glacierprotocol.org/

- Don't save your bitcoins on your phone
- Don't use your phone for 2FA
- Don't use shitty webwallets like Blockchain.info

Why are you suggesting a full node for above 20K? For staking purposes or are you saying that's more secure than a hardware wallet.

Post: #52

Ledger went from 30k units in 16 to 1 million in 17

Post: #53

(12-29-2017 03:03 PM)MikeS Wrote:  

(12-29-2017 01:03 PM)Rossi Wrote:  

(12-29-2017 08:35 AM)MikeS Wrote:  I got a Ledger Nano S for Christmas, excellent little device, and supporting the majority of the altcoins I have (several of which are ERC20 tokens which can just be sent to your regular ETH address).

I'm thinking to buy one. Can you give some feedback about it?

Let's say, I bought it. How do I transfer all my coins there? Is it easy to use?

Ledger has guides on their website for each of the supported cryptocurrencies. They have native Chrome or standalone apps for a few - BTC, ETH, Ripple (this one is not working at the moment because of a node crash, they are working on it), while the others have to be accessed with the ledger through various desktop or web based wallets of varying complexity.
For the ERC20 tokens as I mentioned specifically you need to use the Ledger with myetherwallet to make transfers as the native ETH app can't even show token balance (if you only need to check the balance of your tokens you can also just use a blockchain explorer like etherscan.io on your ETH address, without need of the Ledger).

On the small display on the Ledger you select the needed situational options, as well as use the hardware buttons to confirm transactions.

I won't say it's a simple and elegant system - in truth it's really still rather clunky and very far from unified at this point (like blockchain and cryptocurrencies in general) - but it works perfectly fine once you've tried it a few times and read the needed guides.

Some have recommended that once you have written down the 24 word security seed, you then transfer a small amount of come coin, reset the device and restore it (a slightly annoying and slow process since you have to find the words with just the two hardware buttons and a tiny display) to verify that it works properly. I chose to do that.
I also recommend reading up on the advanced passphrase option in case you decide to use that as essentially a 25th seed word.

I got my Ledger but I have one question.

I've been using my computer for 2 years, I've downloaded a lot of stuff from online, so I don't really know if this computer has some virus or not. Do you think it would be safe to use my ledger on this computer if I want to transfer all my coins to ledger?

Post: #54

(01-18-2018 08:39 PM)Rossi Wrote:  I got my Ledger but I have one question.

I've been using my computer for 2 years, I've downloaded a lot of stuff from online, so I don't really know if this computer has some virus or not. Do you think it would be safe to use my ledger on this computer if I want to transfer all my coins to ledger?

Yes, it works even if your computer is hacked. But don't take my word for it, do your own research.

Post: #55

(01-18-2018 08:39 PM)Rossi Wrote:  

(12-29-2017 03:03 PM)MikeS Wrote:  

(12-29-2017 01:03 PM)Rossi Wrote:  

(12-29-2017 08:35 AM)MikeS Wrote:  I got a Ledger Nano S for Christmas, excellent little device, and supporting the majority of the altcoins I have (several of which are ERC20 tokens which can just be sent to your regular ETH address).

I'm thinking to buy one. Can you give some feedback about it?

Let's say, I bought it. How do I transfer all my coins there? Is it easy to use?

Ledger has guides on their website for each of the supported cryptocurrencies. They have native Chrome or standalone apps for a few - BTC, ETH, Ripple (this one is not working at the moment because of a node crash, they are working on it), while the others have to be accessed with the ledger through various desktop or web based wallets of varying complexity.
For the ERC20 tokens as I mentioned specifically you need to use the Ledger with myetherwallet to make transfers as the native ETH app can't even show token balance (if you only need to check the balance of your tokens you can also just use a blockchain explorer like etherscan.io on your ETH address, without need of the Ledger).

On the small display on the Ledger you select the needed situational options, as well as use the hardware buttons to confirm transactions.

I won't say it's a simple and elegant system - in truth it's really still rather clunky and very far from unified at this point (like blockchain and cryptocurrencies in general) - but it works perfectly fine once you've tried it a few times and read the needed guides.

Some have recommended that once you have written down the 24 word security seed, you then transfer a small amount of come coin, reset the device and restore it (a slightly annoying and slow process since you have to find the words with just the two hardware buttons and a tiny display) to verify that it works properly. I chose to do that.
I also recommend reading up on the advanced passphrase option in case you decide to use that as essentially a 25th seed word.

I got my Ledger but I have one question.

I've been using my computer for 2 years, I've downloaded a lot of stuff from online, so I don't really know if this computer has some virus or not. Do you think it would be safe to use my ledger on this computer if I want to transfer all my coins to ledger?

Download antivirus software first and do a scan. But as zoom said, part of the point of a hardware wallet is that it is (or at least should be) impervious to malware - but keep in mind that to move your crypto to the Ledger you might still be doing some logging in and transferring from desktop wallets, exchanges or whatever. Hence the importance of all the usual safety concerns.