2020 Ledger Nano S & X Setup + Security and Safety Tips (Ledger Live Install, Send & Receive demo)
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- Опубліковано 4 сер 2024
- Don't have a Ledger Nano yet and want to help me out in the process:
Ledger Nano S: bit.ly/2EWIw2q
Ledger Nano X: bit.ly/355lOQl
Looking to store your seed on something more robust than paper?
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Metal seed storage comparisons: cryptoguide.tips/seed-storage...
A video that runs through the process for setting up a Ledger Nano X or Ledger Nano S. Runs through installing all the software, includes some important security and safety tips, updating firmware and also demonstrates sending and receiving your first transactions.
Contents:
00:00 Intro
00:40 Unboxing
02:15 Installing Ledger Live
02:45 Setting a device PIN
03:55 Generating, storing & verifying your recovery phrase
07:10 Final security checks
08:00 Setting up Ledger Live
09:20 Updating firmware and installing apps for each crypto
11:30 Adding accounts in Ledger Live (Bitcoin, Litecoin and Ethereum)
13:30 Securely Receiving funds (from an exchange or other wallet)
15:15 Securely Sending funds (To an exchange or other wallet)
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If you are new to Crypto, my suggestion is that you start with buying ~$150 worth of Bitcoin, Ethereum, Litecoin @ Coinbase and get familiar with storing it, moving it around, etc.
For your first purcahse, just stick with CoinBase: www.coinbase.com/join/5691c9d...
For Trading, just start with Binance: www.binance.com/?ref=18111926
By sticking with large, reputable exchanges for your first purchase (Coinbase) and first trade (Binance) you can avoid getting scammed right at the start by purchasing a non-existing coin off a scammy exchange. (You would be surprised how many people fall into this trap)
Don't have a hardware wallet?
Be safe and buy them direct from the manufacturer. (Not just through some random on eBay, Amazon, etc)
Get a Ledger: shop.ledger.com/?r=5243ecbb84...
(If you are just starting out, I would just recommend a Ledger Nano S)
#bitcoin #btc #ethereum #eth #litecoin #cryptocurrency #crypto #ledger #security - Наука та технологія
This is the best and least complicated explanation on the ledger nano s, I really appreciate your time and effort. Thank you.
Glad it was helpful!
one of the, if not the, best channel about wallets/blockchain technicals
Glad it helped :)
this is a great video, thank you. It deserves a ton more views and likes
Glad you liked it!
Best explanation I found till now, thanks a lot !🙏🏻
Glad it helped
A bloody great video. much appreciated
Glad it helped :)
Very helpful, and easy to understand. Thank you
Glad it helped :)
Nice video.. thanks. Many changes on there now... we are moving so fast. The safest way to store is the metal device... oh you actually mention them. I am getting some ;) Thanks
Things certainly change very quickly, but old-school metal offline storage is still the best option :)
Great info !
Glad it helped :)
Great video! Thank you very much
Glad it helped :
Thanks, good info....
Easiest vud thus far...
Glad it helped
Your Videos are the best ! hands down the most informative and educational thank you for taking the time to post these. I have a question, When you purchase the Ledger Nano X or S do you provide your real name and delivery address or use a parcel locker and an Alias ?
I use a locker for these sorts of things, as I receive a bunch of random crypto related stuff. For most people the easiest option is to have it sent to their workplace.
Great video!! I am brand new to this... I wish you were my neighbor lol
Glad it helped :)
Thank you for this video. I've been looking for a video on how to read the Ledger Live dashboard. How to understand how much profit or loss. I'm clueless 🙃
Ledger Live on its own probably isn't the best tool to be working out profit and loss for actual accounting purposes.
Thank you for this nice video. This is the latest, dated Dec 1, 2020.
Glad it helped
@@CryptoGuide It certainly did to get the device set up but you perhaps did not intend to show us the actual purchase in an exchange. But you did cover the send / receive part of it. Would you mind showing how you purchase something and then transfer it to the Nano S ? Thanks a lot !
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Thanks for the video,, Please make a video on how to run two ledger (ie; Nano S and Nano X) on the same ledger Live
You literally just connect the second Ledger and it works. Where are you getting stuck?
@@CryptoGuide thanks!! just as you said, I connected and it works.
Good job getting it sorted :)
What's your opinion of Ledger Recover? And what would be an alternative to Ledger in terms of altcoin support? Keystone looks impressive.
Overall I can understand what they are doing, but baking it into the firmware for everyone isn't good at all. That said, the actual detail of what they are doing is still pretty sparse, I'm curious to see what they will be sharing at their announcement thisarv.
Overall there is no reason to panic and rush to change things in a hurry, especially if you haven't installed the latest Nano X firmware with this feature. Rush and panic is where people often make mistakes, lose funds, etc. If you decide to switch vendors, that is fine, but take the time to understand the device you are moving to, how to set it up, wipe, reset, etc. If Keystone covers the alts you want them that's a good option too :)
thank you great and nice way to present
< I have question what if by mistake i delete an account and it disappear from the ledger with coins how I can get it back>
If you delete an account in Ledger Live, just do the "add account" workflow and the account will be found and added in again.
nice video, which is good according to you, ledger nano or trezor.T for large Holding
Depends which cryptos you are holding (And whether a Trezor even supports it) and how you plan to access it (phone be PC) I have feature breakdowns of them here cryptoguide.tips/hardware-wallet-comparisons/
That said, the Ledger devices tend to be better for newbies. They have a more robust onboarding process, better documentation and software and work far better with mobile.
Is the Ledger back up pack worth it? It has the nano s and x. I'm also unsure if I should get the ledger nano x or trezor model t.
Thanks!
The backup pack is not required, but helpful in a few ways. Firstly, if you use the same seed on both, it forces you to fully test your seed backup and become familiar with the legitimate seed recovery process. Having a second device also takes the stress out of things like firmware updates, etc.
On the other hand, if you run two different seeds then you need to be really careful that you don't get your accounts or seed backups mixed up.
In terms of Nano X vs Trezor T, I really think the X is a better value proposition. The Trezor T is really expensive and not meaningfully better than a Nano S...
hey man do you know much about using theta desktop wallet with ledger nano s ? having trouble connecting my nano s to the wallet not sure if i need to change a setting on my device maybe.cheers
Theta web wallet has always just worked without issue. Are you running the latest firmware and eth app?
Hi, Thank you for the video! So, if i understand, By receiving bitcoin via ledger live to the ledger X it is stored on the external device? Why can't i find the amount of bitcoins within that device? do i need to wait until it is approved?
The Ledger itself has no knowledge of the blockchain and isn't a storage device in the sense that the bitcoin don't live in/on it, but are stored on the blockchain and are associated with the private keys on the Ledger. (I explain this more in this video here: ua-cam.com/video/X3_t6wO2f5M/v-deo.html)
Great setup video. I think your reference to passphrase is too short. A bip39 passphrase (with a secondary pin) avoid 2 security issues:
- paper seed backup can be stored several place without the risk to be compromised (as long you do not write down the passphrase)
- under duress, you can give the pin number linked to the seed without the passphrase of your nano (aka 5usd wrench attack)
Yea I was backward and forward at whether to mention that as part of the video in terms of securing backups. The biggest challenge with Ledger is that their implementation does plausibility deniability so well that users can forget they have a passphrase assigned to their primary pin. (And you can't detect it other than through running recovery check)
Should I reset device for precautions when I first get it? Or is it always safe to trust ledger
Your device will come uninitialized when you first get it, and generate a new seed as I demo in this video. There is no need to wipe it a second time, but there is also no harm in doing so.
Hello, if I had a ledger live account and both Nano X and S could I link my Nano s and Nano x which have different addresses to each other to my ledger live account at the same time and transfer tokens or coins between each other ? Or could I only have one Nano connected at a time and only be able to receive from an exchange or other wallet.?
Ledger Live can have account that are associated with as many different Ledger devices as you like. If you want to juggle multiple devices like this, just watch the video on the risks of juggling multiple Ledger devices.
Thanks for video. I have my ledger S and am about to set it up on my Mac but I have always managed my crypto on my mobile via 3 different apps so how do I put crypto on my ledger from my mobile?
You will basically just set up Ledger Live and then manually send all the funds to the addresses generated by your Ledger. (Just like any other transaction)
nice video. here is my question., how do you sign out of your ledger live. mine stays open. cant find where to sign out. thank you
What platform are you on, normally it signs out when you close it.
You say around 11:05 that I can remove apps from my Ledger; I'm trying to store BTC, ETH, ADA, and DOGE, but the app for ADA won't fit.
What happens if I uninstall an app from my Ledger? I'm finding it hard to find information on this specific topic.
Nothing happens at all, the accounts stay in Ledger Live, you just need to reinstall the app if you want to send some funds to do a "verified receive"
at 15:06 when you show the FROM address and the TO address, does this open you up to being hacked? doesnt someone now have your wallet that you had the lite coin in ? whats to stop them from taking from your wallet into theirs? or am i not understanding this correctly
All the address your wallet produces can be public, there is no security risk there. (Beyond privacy) Someone would need the private keys to be able to take any funds. (So either individual private keys for a given address or the seed phrase for the wallet)
@@CryptoGuide thank you this helped i have a nano s i think im gonna upgrade to a nano x .. how do i know how much it will cost to send crypto from my accout to ledger, and vice versa? will it tell me before hand? is it ever free? im confused about these "Gas fees"
What do you mean by "my account"? If you get a Nano X, you can just restore the seed from your Nano S in to it, no need to move any funds.
Transactions are never free.
Thank you for this great video! I really think Ledger had an amazing deal for Black Friday. I would like to know your thoughts about storing crypto for 20-30 years. As we know, computer processing power is getting faster and faster. If I plan to keep my seed phase for decades, do you think I have the risk of someone guessing my seed phase in 10-15 years when computers are able to process and search across different private keys/seed phases at lighting speeds?
The last thing I would want is for someone to have a super computer running 24/7 and one day "guessing" my seed and therefore stealing all my funds. While I'm on this topic, do you think that adding a BIP39 passphrase will add an extra layer of protection, so that if someone did ever have a computer powerful enough to "guess" my seed, they would still not be able to access my funds as they would not have my passphrase?
I would love to hear your thoughts on this :D
Firstly, adding a BIP39 passphrase to your seed doesn't really increase the strength of the seed in purely cryptographic terms compared to an equivalent 24 word seed that is stored securely, so the math doesn't change. (Passphrase mostly protects your seed in the event that someone finds it)
If you have a 24 word seed, there are about 2.9642775e+79 possible combinations of words. As it currently stands, you could use something like BTCRecover to test about 12 billion seeds per day, so you would need 2.4702312e+69 days to brute-force a 24 word seed. Let's just assume that computers become 100 billion times faster it would still take 2.4702312e+58 days... The sun is 1.679e+12 days old... 12 word seeds are an insane level of security and 24 word seeds take it to a whole new level of craziness. (As long as you don't end up giving it away through a phishing scam)
Even with the most optimistic projections around what quantum computing would achieve, it seems unlikely that the cryptography for BIP39 seeds would be at risk within the next few decades. (And if that were to occur then all other cryptography, including that of Bitcoin itself would also be at risk)
@@CryptoGuide That makes a lot of sense. I guess I never really knew how truly large the numbers are (even though I read about it all the time). Thank you for that, it definitely puts me more at ease :)
Yea it's a great question. The biggest challenge is really that the human brain is simply incapable of conceiving of numbers and probabilities on the scales that are common in cryptography. The only thing that even comes close is comparing to cosmic scales of distance and time.
So I have a question. If someone hacks my computer or steals my computer & goes to the ledger live app on my computer am I screwed? Even if they don’t have my ledger? Because I disconnected from my ledger & tried to access ledger live & it opened up 🤔
No, someone will need either your physical Ledger Nano or your recovery seed to be able to access your funds.
trying to receive xrp on Ledger Live using Nano X when I'm trying to get a address to copy for my sending location, I'm getting flagged in red color from ledger live saying mismatch between the copied address and the one in the clipboard?? I can't figure what I'm doing wrong ??
That's odd, have never seen that. The main thing is that you confirm the address still matches what you confirmed on you Ledger screen. (even if you write down the last few letters on paper or something)
In setting up I get all the words down, then it says to verify words by the left button. I get back to No.1 word, then
it says write down your recovery phrase and I go through the words again to 24 and it says left button for verify. Around and around. I never get the word confirm or processing. I've studied many set up videos.
So what happens if you do exactly as I did in the video and press the right hand button at the "press left to verify your words" screen?
Sorry may be a dumb question but, now that the cryptocurrency is stored in ledger live, I can unplug the device and the crypto is in the device?
Your cryptos aren't stored on it, but rather associated with the private keys on it and stored on the blockchain. My video about why receive addresses change explains this a bit.
QUESTION: NANO S vs NANO X. I've read that Windows 10 is not compatible with NANO S. Is that true? Thnx!
Where did you read that? Both the Nano S and X work fine in Windows 10.
My coins are missing from my ledger. I xfer from coinable onto my ledger then I did something and they were sent sent somewhere else. How can I recover them? I can see where they were sent.
Where exactly did you get the address from that you sent the funds to? (Which wallet, app, exchange or website)
I bought it from Amazon and I am told it is not safe. it was properly packed and no seed phrase installed So I did all the steps you show and stopped at transferring cryptos. Is this safe to do now?
Ledger Nano have special hardware and confirm their genuineness as part of the onboarding with Ledger Live. It will also generate a seed phrase on-device when you first use it.
Basically as long as you are sure that the device doesn't come lre configured with an existing seed+pin and use the official software. (From ledgerwallet.com) then getting one off Amazon is fine.
Can you show how to put on the loop?
The keychain string?
Thanks for the video really helped, just got my first Ledgar nano s.... first question there is no button to press on ledgar live to have it "save" into my hardware right? when i plug my hardware every activity i do on Ledgar live it automatically saves into my hardware?, second question if i were to uninstall Ledgar live would i have to use the 24 key to bring back everything or i just plug in my Ledgar hardware in my computer and all my asset info shows up? third question if the Ledgar hardware breaks or fails if i go buy a new one all i have to do is entre the 24 word phrase and all my crypto is back?
Ledger Live doesn't save anything to your Ledger Nano... But the private keys on your Nano allow you to pair it with any installation of Ledger Live and it will sync all of your accounts, transactions, etc.. (So this also answers your second question, the 24 word seed is only for reinitializing the physical ledger Nano device, not Ledger Live) If your physical Ledger fails, you can just by another one and restore your 24 word seed on to the new Nano, Ledger Live won't even know the difference and will "just work" with the new device.
I talk about this more in my video on choosing a wallet. (A longer video but will help you understand what is going on behind the scenes)
@@CryptoGuide thank you!
@@CryptoGuide We cant find out what our private keys for our nano is right? the private key is basically the hardware and the 24 word seed phrase is your "master keys"?
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Proper video.
My question is if you have no desktop just only a selfphone how to scan the qr code?thank you
Just scan the code with your phone.
@@CryptoGuidethank you for your anwser sir.🙏 but how to scan my phone screen with my phone?its impossible
I don't even understand the issue... What are you trying to do that isn't working?
thanks for this good video explanation.can you clarify the difference btw' native segwit 'and" segwit"?if i want to transfer btc/ltc from binanace?
Native segwit is basically just a more modern address format that lets you have the lowest possible fees. "Segwit" type addresses basically give you some of these savings, but use an address format that is also still compatible with older wallets.
@@CryptoGuide thanks a lot
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Hi, I would like to know opinion. Im a casa gold member (using 2 out of 3) but am hesitant of using it because of the sovereign recovery proces. If something happens to casa, I find it hard to test If I am able to recover on my own using electrum. What would your prefered method be :(ledger+ passphrase) or using casa multisig with two HW wallets?
Casa is a solid product and does a good job of addressing many of the common issues that people run in to with multisig. The recovery is well documented in places like here walletsrecovery.org/recovery-docs/casa-recovery.html
If you do decide to go the DIY route, you need to pay close attention to your backups, making sure to not only store the seeds, but also to store the xpub keys for each signer as well as some info about what wallet you used.
@@CryptoGuide thanks a lot for your reply
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Hi could you please help. So i was curious if i could simply download eleectrum with my nano s and withdraw. But first im having thae same issue as other ive seen on reddit where we have a ledger nano s but our bitcoin balances are showing 0, from what I read it has to do with legacy i guess. My second question will i ever require my recovery phrases because im currently home in the US for not till when due to covid but my home is in germany amd the list of words are there. I need the sell some as i my father is terminally ill and would like to take some cash out asap. Thanks bud hope you can help!!!!
If you are using your wallet with Electrum then you need to be sure to select the correct account type and derivation path. (By default, Ledger Live will create native segwit addresses) It is covered as part of this video here: ua-cam.com/video/ffiJUhwo-DU/v-deo.html (A bit out of date, but the concept is the same)
@@CryptoGuide thank you so much and sorry for bothering again. What about the recovery phrase? Will I need at all. I never threw it away but I'm not sure where it is and im in my hometown now l in the US but its in my home in Germany but this minimal doubt alone is scares me enough. I was able to use MEW to see my eth. Im hoping i can simply login to my nano s connect to electrum get on the legacy wallet and withdraw. I havent touched anything since im scared of it rebooting and it requiring the recovery phrase but i did update firmware accidentally but it didnt reboot it. Any hope ?
I don't even understand what you are trying to ask. If you don't have a working backup then you are best to create a new seed and move your funds there.
when did they begin making them in china? i have a ledger nano S as a backup. want to be sure its geniune before recovering for 99.9% peace of mind, thanks for the tips can you check your device genuine before you set it up?
You can't check if it is genuine before setting it up and generating a seed, but you are forced to do a genuine check before it will let you install any apps on it or add any accounts. (So before you can store any crypto on it) A legit install of Ledger Live will simply not work with a non-genuine device.
I am planning to use ledger with additional passphrase option [act as 25 th letter] ...mainly because of ledger recovery drama ....Any idea or recommendations bro
You can follow my video on selecting a secure but safe passphrase. Words from EFF short list is a good way to go.
@@CryptoGuide can you post the link here..i can't find the exact video what you refer...
ua-cam.com/video/nhjq_1J0EbU/v-deo.html
Can you show how to update Ledger Nano S firmware 2.19.0. Clear and direct video
The latest firmware is 1.6.1 support.ledger.com/hc/en-us/articles/360010446000-Ledger-Nano-S-firmware-release-notes
It's as simple as I demo in the video.
Have a mac and updated to new software (MacOs Big Sur from Catalina) at start of the year. Now when logging into ledger live once it syncs the live app freezes then the computer crashes and restarts. Any help or information on why this happens would be great. Cheers
Unfortunately I don't have a Mac so can't reproduce this
@@CryptoGuide thanks anyway have just read a post that said big sur has released an update and now it works. Thanks for the reply. Also say i were to download a dodgy ledger live app by clicking on a non official ledger live url and downloading it how does it work? If i type the wrong password in will it still say incorrect password? Is it just a way to try and get your 24 word passphrase?
Basically all of these dodgy apps will try and trick you in to giving out your seed phrase. Sometimes they will throw a fake error making you think there is a hardware fault, sometimes they might say the password is wrong and that you need to reset password with your seed, etc... As long as you only ever enter your seed on the physical Ledger Nano device itself...
Hi, just got my nano s today and its still empty in terms of currency. After I installed each app, instead of going to manage accounts to add account I clicked the blue Add account link next to the (tick)Installed message to add account. Was that a correct option also? It appears to be but just want to be sure. Thanks.
It doesn't matter how you initiate the "add account" workflow, they all do the same thing :)
@@CryptoGuide Thanks very much for the reply.
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Hi
please forgive me for pitt8ng a seperate thread here but i uave very trying question from your old vodeo using keepkey and electrum, and desperate for money also, once i have your reply i will certainly delete this thread.
i have funds on my keep.key i have all my seeds , so i can simply follow instructions above reset seeds and i wont lose my funds? also i can simy send them to my chosen platform to trade.?
awes9me info thanks so much. not impressed with them i now have a ellipal
That's right, your seed phrase IS your wallet, so as long as it is error-free, you can easily restore it on either your Keepkey or any other BIP39 hardware or software wallet. (Though the Ellipal doesn't follow standards well, so importing your seed there won't really work)
Thanks for the videos as always.
Any.... I got ledger on January from the company, but I keep getting emails from katie-ledger offering info about how to set the ledger, new offers and thinks like that. My question is, does any body else keep getting emails from the company to follow up with the service?
This is normal, you will receive a bunch of automated onboarding emails from Ledger that start before the device arrives and continue after it arrives.
@@CryptoGuide thank you so much! I was wondering if it was safe to click on the links.
Much appreciated your insight
Yea there is nothing harmful in them, those emails are mostly to documentation and videos
Hello , one thing that I found strange is the little space available in my nano s, I only could add 3 cryptos, no more accounts due to lack of space, is this right ?
It depends on which crypto apps you are trying to install, with some being larger than others. (Litecoin or Eth clones tend to be very small as they rely on the main Bitcoin or Eth app) If you aren't actively trading them all, you can add the accounts to Ledger Live, swap the apps on the Ledger Nano and then add the accounts for all of your cryptos like that. (Or if you have tonnes of coins then the X is worthwhile)
@@CryptoGuide oh thank you very much , i Will try. By the way i have installes btc,ethe,xrp, and couldnt add xlm and Ada, that wolud be all
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So to access my crypto on a nano s does it always have to be plugged into to a laptop or can i do it from my phone at anytime?
You need the Nano S connected to approve sending transactions and to securely verify addresses to receive. You can receive and view balance without it connected
@@CryptoGuide thanks for the quick reply! Okay, so maybe its worth getting the x for the bluetooth to app as i assume i can send that way anytime. But the thought of bluetooth and connecting to my phone makes me worry about security, do you have a video on this issue?
The Nano X is certainly more convenient. Connecting over Bluetooth is a non-issue as there is nothing secret about the information exchanged between your phone and the Ledger.
@@CryptoGuide okay then, thanks for clearing that up for me. New sub, i appreciate your help. I look forward to your future content. Take care ✌
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April 10th, 2021: I just received my Nano X directly from the Company & I’m having a lot of issues with using it! ~ Bluetooth doesn’t work &!other problems!
What sort of phone do you have? When you say there are "other problems" what isn't working?
What if I delete an account? Do I lost funds that I have on it?
Deleting an account in Ledger Live doesn't matter, you can just run the "add account" process and the same account will reappear.
Nice video, you did not show, how to write "BIP 39 passphrase " it's really very important. Thanks again for good information.
BIP39 passphrase is an advanced feature and isn't really appropriate to cover in a basic intro video like this. :)
@@CryptoGuide okay
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Do I need two of the Cryptosteel Capsules? One to remember the seed for my Ledger device and one for my online wallet? :)
And I guess it is also quite important to safely store one's password for the Ledger device and one's online wallet? Where do you think one should store those? Offline also I guess? But how?
So when you say online wallet, are you referring to something non-custodial, but still a hot wallet?
@@CryptoGuide I'm thinking something MetaMask
Ah riteo, well yea depending on how much you are storing in the hot wallet you may keep a steel backup for that too.
Just make sure that you don't get your Ledger seed mixed up with the Metamask one. (Though one will be 12 words and the other 24)
@@CryptoGuide Thanks! :) Two more things I wondered about:
1) Any system to remember the pin code for the Ledger? 2) Where to keep the Seed steel backups? In one's house? Or somewhere else? And it is good to do more than one copy of the Seed also?
Hey I have a problem with receiving address, after all steps, approving on device and clicking done, there is nothing to copy (like in 15:04). Am I missing something? Latest version of Ledger Live, installed today.
That's odd, what do you see on your PC screen while you do this?
@@CryptoGuide everything looks exactly like in your movie except of last part with appearing transaction. Actually I'm not making any transaction, just want to generate receiving address to send some crypto from other wallet.
So if you look at the receive screen in the video, it has three steps to receive. Step 1 is where you select the account, does yours display anything for step2? (Or is it just blank?)
@@CryptoGuide yes, I have three steps, 1st one Account, then Device when I'm comparing both addresses. After clicking Approve there is step 3 and the same info like in your movie - "address shared securely". But when I'm pressing Done button the screen looks like in the beggining :/ no address to copy...
You actually copy the address at step 2, so if you approve it straight away on the Ledger Nano you might completely miss it in Ledger Live. You will notice in the video I left the address on the Nano for ages and only hit the confirm buttons it after I had sent the transaction.
Hi I trade using Bybit, and was wondering if theres a way to avoid withdrawal fees when withdrawing BTC to ledger?
Unfortunately most exchanges charge high fees because users mostly want their funds in a hurry.
Once it's all in your own wallet it's much easier to opt for lower fees :)
@@CryptoGuide Thank you
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Can i use the nano S on the app on the phone to view balance send btc etc?
You can use Ledger Live to view balance and receive funds regardless of phone.
In terms of sending, this depends on what phone you have. If you are on Android, you can connect via USB to send and receive. If you have an iPhone you will need a Nano X to send.
@@CryptoGuide what if i get the OTG set from ledger , it still won’t work?
The OTG cable set (or any otg adapter) lets you connect via USB to Android devices. (Not iOS)
Recomend to Add a "25thWord". Using diceware list? Like 6 or 8 word. Or just with this 24 word its ok of entropy?
It really depends what you are looking to protect against, but I do think that using words off the diceware short list is the way to go. Using a BIP39 passphrase is an advanced feature, so if you do it, be sure to verify that you are doing it without typos and include it in your backup scheme.
@@CryptoGuide where can i find the short list? In a page of eff have 2 short list. Wich one you refer? Thank You
www.eff.org/deeplinks/2016/07/new-wordlists-random-passphrases
@@CryptoGuide 3 unique character short list?
That's the one
What if I lost this device or broken?
What will happen with my Bitcoin?
If you have a working backup, nothing. You just restore your recovery seed in to a new device.
After I enter my 24 words and back up and confirm them, the only message I get is to write down my recovery words again. What am I doing wrong?
If you press both buttons together you can confirm it and move the next screen.
can you tell me if it is possible to consult the list of receiving addresses on ledger live? at bluewallet I can choose where to receive. I know that a ledger always generates a new address, are they infinite?
Ledger Live hides this information, but you can find see the full list of addresses if you use the Ledger with Electrum. It will generate an effectively infinite number of addresses, I talk about this in my video on why receive addresses change.
@@CryptoGuide Thanks for always answering my questions! your channel is very informative and you are very helpful! I'm going to see this video you indicated, but is it an advantage to use the electrum with the ledger in terms of security/privacy?
Security is basically the same but privacy can be matter with a wallet like greatly improved if you run your own node. I talk about this a bit here ua-cam.com/video/ECzYcbkfz20/v-deo.html
@@CryptoGuide thanks, i'll watch that too! can you tell me how to transfer an amount from the same account on the device, in this case ledger nano s with passphrase to the normal account with the seeds, safely?
You can just add both sets of accounts in Ledger Live. (With and without passphrase) Once you do that, it's just like any other transfer. (Though you would need up disconnect and reconnect between doing a verified receive and signing the outbound transaction)
So I have ledger Live installed for Ledger X, I also have a Nano S but I can't get that installed because the X is installed>>>
What do you mean? You can use Ledger Live with as many devices as you like. You just follow the prompts on device to initialize it with a seed, then connect it and use Ledger manager to install the apps you need and add whatever accounts you want. Just be sure to name your accounts so that you don't get confused about which accounts are associated with each device. (This is a non issue if you use the same seed on both)
What about the buy/sell tab can you buy and sell?
Yes you can, but you will likely find that you can get better exchange rates and lower fees using a dedicated exchange like Coinbase.
@@CryptoGuide I’ve been hit with fees tho from moving coin about wallets but thank you I’ll look to see if it’s worth
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After downloading new device and adding app to portfolio. How to send from 1 account to another ?
So do you mean adding a second Ledger to Ledger Live?
@@CryptoGuide yes . Any way possible I may speak to you on the phone or if you live in Brooklyn I can come see you to help me fix this issues. I set up new device I used the recovery phrase and pin set up to back up in recovery app . But now I do not know how to send from one to another with in live app . Thank you
@@CryptoGuide I would pay you for your time . I would appreciate . I'm off to day. Just a hour of your time . I live in Brooklyn
@@CryptoGuide or Evan over the phone if possible . I would appreciate it . This is not a scam or funny business. I am just trying to learn this ledger live set up. Your video was very helpful to me in explaining. Thank you. Sorry for keep trying to reach you . I'm just trying to fix this big issues I got with ledger. Thank you
@@CryptoGuide if you can help me over the phone . I would appreciate it . Your response and time is greatly appreciated. Thank you. This is not so simple for everyone. Hope to talk to you soon .
Is it still valid for 2022?
Yep
I feel like an idiot...I'm getting things like: Enable Hash signing??? I can't get my ledger to do what you did?
I never got an X for the confirmations, I got "use wallet to view accounts" but ledger doesn't go anywhere when I press the 2 buttons....
The process has changed slightly since I did this video, but is still basically the same. Where are you getting that message?
@@CryptoGuide I finally got the confirmations but I still get the message on the ledger if I want to enable hash signing...what is that?
You need to provide some more context, what are you doing which makes it give you that prompt?
But native segwit and segwit don't share their balance?
That's correct, they are presented as separate accounts.
Bro I can’t remember my blockchain password how do I go about it bro
Your best bet is to start with my video on recovering blockchain.com wallets
Does anyone know if you can go in and add a password to ledger live After it’s all been set up I don’t know how I missed this part but I did not get the password on there.
Just click on the cog in the top right corner of Ledger Live and enable password lock in the settings.
@@CryptoGuide Yeah I tried that it does not have any button to push it says password lock but there’s nothing to open it up
Is this in your PC or a phone? (Is still under the general tab for the settings)
@@CryptoGuide pc , I open up settings and go to General and it says password lock but there’s nothing to click on.
Maybe I’m better off deleting and starting over again
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Have you done a video on managing multiple accounts? Want to keep our balances separate from kids crypto investments, etc...
There are a few ways to do this, but the most secure is to do this via a BIP39 Passphrase assigned to a PIN. (Though depending how many kids, it might need to be temporary)
@@CryptoGuide Thanks for the tip.
@@CryptoGuide how do you do a passphrase assigned to a pin. Eg if you have eth on 3 different exchanges but want to keep them in 3 separate wallets on the nano x device after transfer coz the base cost and values are different how do you do that?
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Ive got my words etched into a ali plate that i made at work
Nice :)