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RE: How to Easily Secure Your Favorite Cryptos
Fantastic advice, Heidi. My wife and I have learned so much from your wallet reporting. What you are doing is saving so many people hundreds (if not more) hours in research time to point us in the right direction. Of course, we do have to uphold our due diligence, but your nod in the general direction of things has proven invaluable time and time again. Thank you!
I'm very happy to know that I'm helping you out. Due diligence is so good for not only making sure your sources measure up, but it's so good for deeper learning. You'll always find out other angles and perspectives too, great way to sharpen your mind. :)
@heiditravels you need to re-research the nano s ledger, you are providing incorrect information esp with respect to it's ability to only hold 5 cryptocurrencies, it is not quite right! you can store any number of their supported cryptocurrencies, using the ledger manager you can install or remove apps. if you remove an app and later re-install the app, if you had any transactions saved all of your transactions are viewable through the interface because they are "off-chain" references only.
it's just a matter of managing the interface "view" by installing or removing which 5 or 6 (depending on app size) apps you wish to view. So, you are not restricted to storing 5 cryptocurrencies, the restriction is that you must remove an app (which keeps all transactions on device) you then install, or perhaps configure would be a better choice of words, the desired views you wish to see.
Additionally, contrary to popular opinion, if you are buying an OEM Ledger Nano S second hand, provided you have the 24 unique word reset chart, you can easily reset and initialise the Ledger Nano S device and then secure it by your very own 8 digit numeric password.
It just means that if a person happens to locate your device and still has the 24 words recorded somewhere then they can reset your device. If you're purchasing off someone in another country the liklihood of this occurring is pretty slim if the device is permanently located in a "remote" location.
Alternatively if someone can crack your 8 digit password with the 10^8 potential combinations, combined with the restrictions of the clunky Nano S interface which slows down data entry, you may offspring would most likely be dead and buried by the time someone comes up with the correct password combination.
Additionally, the ability to "trade off your device" is not limited to KeepKey.
haha thats mad. so all coins are still on wallet and its just that i need to reinstall the app to view them?
Thanks! Im going to check it out. i got my nano s but yet had the chance to transfer from trezor
Please read and support for my top cryptocurrency picks for December:
https://steemit.com/bitcoin/@zen-analyst/cryptozen-s-top-picks-for-december
About an old online wallet that gives you daily BTC and 15 other cryptos:
https://steemit.com/free/@zen-analyst/qoinpro-free-bitcoin-up-to-16-different-free-cryptocurrencies
Happy investing
CryptoZen
Hi Heidi! I am @joechiappetta 's wife, and yes, we are so grateful for your concise and educational reporting. Thank you :)