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RE: Unboxing Video - My Hardware Wallet Came in the Mail! // Let's Talk About Security

in #crypto7 years ago

Good purchase! I bought mine a few months ago directly from their website, at around 70 Euros at the time... Looking now, there is a pre-order for the Nano S Ledger (will ship early March) and the price has increased to 95 Euros. What this tells me is that crypto is slowly and surely becoming more mainstream... people are slowly starting to realise that now is a fantastic opportunity to get invested, and, more importantly, how to properly protect your investments.

Please, please, please people, do not leave your crypto on any of the exchanges, unless you are actively trading. Correct me if i'm wrong here but i believe only Coinbase currently insures against any losses?! Most of the other exchanges, if your account gets hacked, then you lose your coins, simply as that. Going back to the Nano S Ledger, it is a fantastic little device, the only slight downside in my opinion is the limited number of wallets you can store on the Nano itself at any given one time. Depending on the size of the coins app, i've found you can have around four or five wallet apps installed at any given time. However, that is not to say you can't use the Nano to store more than four or five different cryptos, you simply uninstall and re-install the wallet app for the coin you want to view/transfer/receive funds for, and off you go (if that doesn't make much sense then there are a few good guides online if you search for them). Thanks

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Thanks for leaving such an in-depth comment!! My boyfriend has been walking me through using the Nano and explained th whole keeping more coins on there even if you can only have four applications thing. Definitely a little confusing at first!

I actually didn’t even know that Coinbase insures against lost. I guess I just assumed that if you are crazy enough to keep your money on an exchange (except for trading) then it’s kinda your gamble if the exchange goes down.

Either way, it feels GREAT to finally be up and running with my hardware wallet!!

I completely agree, there is no better feeling than getting your coins off the exchanges, and having control of your private keys! Will be following you from now, so look forward to future posts, all the best! :)

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