Ledger Nano s and Offline Security

vegemite2008 on 03/08/2018 - 19:15
Last edited 03/08/2018 - 19:15

Hi, I purchased a ledger nano s for my crypto.

What are the steps to store my crypto on the ledger and also to keep a paper record of the keys just in case I would loose the ledger or it would become corrupted.

Before any smart replies ;—)

I will keep the paper copy in my safe deposit (in the bank).

I can do a search on the net but trust the OzBargain community more.

Internet

Comments

  • Blue Cat on 03/08/2018 - 19:23
    +3

    Don't you guys find it funny how everyone buys crypto to "invest" and to "become a millionaire" later on? And I mean everyone. Everyone has the same idea - "buy crypto, get rich later".

    But if everyone is buying crypto on the same pretense, who are the "suckers" who are going to loose so that everyone becomes a millionaire? 🤔

    Doesn't make sense.

    • Zedsdeadbabyzedsdead on 03/08/2018 - 19:42

      Exactly, for every winner there has to be a loser.

    • owli on 03/08/2018 - 20:26

      Yes, totally not a ponzi…

    • Zarcady on 04/08/2018 - 01:02
      +1

      It's not about how much you invest, but about when you pull out into fiat. Have you even seen the state of the market lately?

    • dcep on 04/08/2018 - 13:08
      +1

      Don't you guys find it funny how everyone buys property to "invest" and to "become a millionaire" later on? And I mean everyone. Everyone has the same idea - "buy property, get rich later".

      But if everyone is buying properties on the same pretense, who are the "suckers" who are going to loose so that everyone becomes a millionaire? 🤔

      Doesn't make sense.

  • owli on 03/08/2018 - 20:28

    What are the steps to store my crypto on the ledger and also to keep a paper record of the keys just in case I would loose the ledger or it would become corrupted.

    Is this the question? It sounds like you have already done it by placing your seed in a safe deposit?

  • vegemite2008 on 03/08/2018 - 21:09

    I have not done it yet.

    I was hoping for someone to reply that have actually done it before and maybe have some suggestions…

    Maybe I should use google instead ;—(

    • EightImmortals on 03/08/2018 - 21:22

      Print out your 25 word key and keep it somewhere safe (setup instructions come with the ledger).
      Do not buy one off EBAY or similar. :)
      Download ledger wallet to your PC and from there you install the apps on your ledger that you require (BTC, ETH, TRON etc). Do a firmware update first.

    • owli on 03/08/2018 - 21:53
      +2

      There will be risk wherever you put it, even if it is in a safe deposit box I would try not to mention it, even anonymously on the internet.

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