I just came across your video and I have no words to express how helpful it is to me. It solved a lot of problems and saved me time and now I feel much more confident about how to work with the passphrase. Thanks!
Although I knew it completely but I watched it till the end !!! You know why? Even English is not my native language, I understand what you are saying completely. So, not only are you a great teacher, but you also speak so clearly that leads me to watch all of your videos until the end. Even I know the content completely. I appreciate your work. Great job Viva from Iran, Tehran. ❤❤❤
I've had my Ledgers for 2+ years and never knew this. I found this a bit complicated and I'll have to watch 2-3 times but Im, sure it'll be worth it - thanks!
Personally speaking for myself bc I own a ledger nano s. Your keys don't ever leave the device until you humanity import them into a software wallet or better known as a mobile or hot wallet. It's not that I trust Ledger because there is no trust in crypto. People need to take a step back and relearn to use a hardware wallet. I feel that more education is still needed but you're doing a great job crypto dad!
I connect mine to metamask but that's not importing the seedphrase. Is that what you're talking about? Or do you mean actually recovering the wallet from on an online wallet using the seed phase?
@@investing1223 if your using a hardware wallet the seed phrase never left the wallet. Now if your trying to connect your hardware wallet to metamask. Metamask will scan your device for activities and import it to the interface. Again the private keys never left until you humanity entered the private keys to metamask wallet than that's when you compromise yourself. Metamask has an opinion to scan hardware wallets like ledger and tezor.
When someone makes the big mistake to use the ledger 24 recovery seed in metamask for setting up they will learn that their Bitcoin will never show up in there in case the Ledger account does hold them 😂😂😂
They dont have the ledger nano s anymore I don't think the ledger nano s plus is the same as the regular s. I think there was a reason they dont make the ledger nano s anymore. Those lucky enough to have got them I believe have the best security. Thats why they dont offer it anymore but thats just why I'm thinking they "discontinued" it who knows 🤔 🤷
This is Excellent! Thank U for showing this. I'm just now pulling the trigger on setting up my Nano, after purchasing 2 weeks before the unsettling announcement 2 or so months ago.
Thanks for this explanation. You will have to remember which assets you hide in Ledger Live, or write it down somewhere. If it's a lot of assets and you forget, you might not find some of them back
As long as you remember your alternate pin, you can always go back in and just try several cryptocurrencys by choosing add account. You might stumble on one you forgot about.
It does not mind if you login in the original account or the passphrase account, all your assets are visible in your Ledger live once you did ad the accounts or imported them. But yes when you have to do a new setup some day you need to remember the tokens/account you have. But actually that is also the situation in the original recovery seed account. I assume people know or write down their crypto buys and so the holdings.
Your Ledger content is BETTER than Ledger's. Their guy showed HOW to create passphrase & pin but YOU explained that you can create a long passphrase, increasing entropy greatly, because we only have to enter it once, after which we use our pin#2. /// Question: Ledger Nano X has a timeout & I keep having to re-enter pin. Annoying. Timeout on max already. Is there a workaround? Is a 4-digit PIN risky in case of theft of the device?
Yes, if you hold down both buttons for a few seconds, you’ll enter the command center. What you’re gonna wanna do is scroll over to settings, and then you’ll navigate using the right button over to “security” in security,There is a pin lock and a screensaver menu selection. In both of those I go in and set them to never, that way it never goes into sleep mode. Just remember to disconnect your device when you’re finished using it so no one can walk along and manage your crypto. 😊
Thanks for this great video! It will be a direct hit by viewers because off the extra safety for your Ledger holdings. I like to add that people can check the new pass phrase setup for error free working. There is no need to do a test transaction from the pass phrase account to check if you ever can whitdraw coins. Just do the steps to verify one off your receiving adres in your new pass phrase setup and if that’s okay it’s working perfect. Should be but just for peace off mind. The under duress situation can be a handy thing in some usecase but that’s not the biggest thing to worry about. I mean they can also force you to empty you bank account when someone is together whit you on a computer. Highly uncommon situation unless you are a known miljonair. Best is to keep your Ledger in some vault so you cannot sent crypto anyway. The 24 recovery seed and passphrase should be in very dark place and separated location as your Ledger devices.
Thank you for the video, it’s nice to have another layer of security! I appreciate how you took the time and explained everything so clearly, it was a breeze following along with you
good grief - self custody next level - I’d do this if I were an OG with a huge bitcoin bag - but I’d have to be in the mood to set up with my tiny bag. I’ve bookmarked this vid and will revisit again when to stars align. Thanks crypto dad!
You are life saver on confusing nano market Thank you so much. I see up a passphrase wallet attached to a pin. May I ask you a burning question? Now when I am trying to access the wallet, do I use the main pin or the passphrase pin?
@00:20:05 Question Rex....if someone is standing over you w a gun and you logg in LL they will see both accounts, the one w the initial pin w their affiliated accounts w balances AND the 2nd one w the 2nd pin (the PP) w their accounts w balances.....at that time you cannot say this is all I got, cause they will see indeed what you got. Now you said you just hide the PP accounts and they will not be visible in LL...but here it comes now....the bad guy will look at the transaction history of your initial pin affiliated accounts and they will know something is wrong. So this video will only work fullproof with a new device!
I covered those concerns in the "Additional Security Considerations (Account Management)" 38:57 I know it is a long video! Long story short: to be foolproof, you would indeed need to create a new base (or diversion) account from scratch with no large outgoing transactions.
@@CryptoDadI did watched the entire video Rex...my remark is only the following; only at the very end one can logically know that the only foolprove option is to use a brand new Nano without any transaction history. It is just my opnion not to be mean, but looking at the thumbnail or watching the whole video you only state my opinion at the last few minutes. In other words, during the video I already asked myself 'what about the transaction history in the initial accounts' and I had to wait until the very end to understand it is not foolprove. I would not like to be in ur shoes, I think u r doing great the last 7y or so! Best Regards from Rotterdam.
@@chullotm1970 Yes, I totally understand. Actually, the thought did not occur to me until the end. You could buy/use a new device, or you could do this: 1. Add passphrase 2. Transfer all crypto to a PP configuration. 3. Delete original accounts. 4. Create new decoy accounts and fill them with some decoy crypto. That way, you would not need to spend the money on a new device. Thanks for pointing that out.
After funding your passphrase accounts you can safely delete them in Ledger Live along whit the transaction history. The only transaction history will be in the original account but they see only some crypto send to a random wallet adres. When they don’t know for sure I believe nobody will have you hostage for very long time. Hopefully not 😢
All you have to do is a restore, and then repeat everything in this video to regain access to an existing passphrase. Instead of creating a new passphrase, you simply use the one you already have.
21:58 when you said “enter normal PIN”. Do you mean the base PIN (or PIN#1) on your paper? So we would never used PIN#2 unless we want to change/get to Passphrase configuration?
Cryptodad I had set up with 25 key phrases and even though the assets are visible on my ledger live, I doesn’t allow me to transfer and sell. Please could you help me
When you are in ledger live will you see both the Base Account and the PP Account? Couldn't the person who had you under duress see all your assets? Watched to the end to answer my own question.
Yes you can see all the accounts once created but you can delete them afterwards and they will be gone. The crypto stays safe on the blockchain and under duress nobody will have a clu unless the sit down whit you and add all the accounts back but then you will have to give them the second pin for passphrase account, and that’s something we will not talk about offcourse to nobody 😅
If your crypto funds are on the passphrase account and you went to transfer them to a new hardware wallet like d'cent for example because your current ledger gets destroyed or lost, how exactly do we do that? because the funds wont be on the orignal account under the 24 word seedphrase do the other hardware devices allow us to enter 25 words?
Yes, the wallet that you’re moving to would need to support passphrases. Some do some don’t. I don’t think the D’cent does. Of course you could always just do a wallet to wallet transfer once you’re in the passphrase configuration
It’s always better to have 2 ledger devices so that it’s always possible to fast do a recovery of your accounts. Even when this means to temporarily reset the second ledger device, offcourse you need to be sure you did safe the 24 recovery seed along whit the (when used there) passphrase so you can set it back up after the debacle 😅
You would just set up a new device and then follow the steps up to point 14:00 in the video. Then you would create new accounts. In that scenario you would not need to worry about transferring from your base accounts. However, it might be smart to create some decoy accounts.
Easily add and remove accounts in ledger live. All you have to do is right click on the account and choose edit account and then delete to remove it. It won't be gone. It'll just not be showing up in ledger live anymore.. You can easily re-add it as I demoed in the video.
Great video! I would love to see how to restore a device with your secret passphrase. Do you enter it after your regular 24 word phase? Or do you have to do a separate restore procedure only with your secret passphrase? Do you need your second pin for that restore? Thanks
You just restore the device as usual and then go through the exact same steps in this video only this time there will be existing accounts since you created the passphrase already. Just make sure you use the exact same passphrase you used before. That is why I recommend that you write it down.
The PIN code used for opening your Ledger will never be needed to recover 24 recovery seed or passphrase account. The pin gets deleted when you reset a Ledger and does not be stored in the blockchain like the recovery seed and passphrase.
Quick question: Do you have to be signed into ledger live and connected to the internet to complete the setup. Or can u do the set up of passphrase on the ledger by just simply plugging it into any laptop as long as there is power source to the ledger.
Sure. Basically just enter your passphrase, go into the passphrase protected account and do a test receive. If the address on your device matches the address on your screen, then the passphrase is correct. If you get the "oops something went wrong" message, try again.
Unless I'm missing something, if you're under duress and the guy knows about this "trick" , he will just force you to add accounts again passphrase protected mode , then he will see the hidden accounts anyway.
Great tutorial, thank you! I’ve tried to add a passphrase to my Nano S however I get an error message when trying to add it. Not sure why and unable to get an answer from Ledger for the past week
Can the Pass Phrase account be recovered in any wallet other than the ledger, with the 24 words Recovery phrase + its 1 associated Passphrase. example: If I loose my ledger (or ledger goes out of stock/bankrupt etc) and I don't have any access to a new ledger for days, and in an emergency I want to access my funds of my "PASSPHRASE ACCOUNT" through a software wallet. will that be possible? Thanks!
There is no way to "attach" a passphrase to an existing wallet. When you enter a passphrase, you basically create a new wallet with a different master private key. After that, you can transfer your assets from the base account(s) to the passphrase account(s)
Great video. Cant find any info on it so hopefully you can help. In the event my ledger is lost/destroyed and i need to recover my funds into a hot wallet temporally, what wallets allow for use of the passphrase. Dont hold bitcoin but needs to be compatible with avax, sol, eth etc. Thanks
@@harryh365 importing your hardware wallet seed phrase into a hot wallet is a really bad idea. I understand that you’re thinking it would just be a temporary fix, but it’s better to be proactive and have a second device already in hand. In fact it makes sense to have that second device already restored so that it is a mirror backup should anything happen to your go to device. This is a much better strategy than, having a hot wallet as your temporary option. Having said that, almost every wallet out there supports BIP 39 seed phrases this article has a comprehensive list. Keep in mind that a lot of these restores won’t be seamless. They may not see all of your accounts, but given the myriad of options available, there are plenty of ways to access your crypto should you need to temporarily getcoinplate.com/blog/bip39-compatible-wallets-list/?srsltid=AfmBOorERhWcQrr0-kkKtxiys4vAElwlkzENnDAVHI25T8-OukZC1lkK&v=7516fd43adaa
Hi Rex. You mentioned in 30:45 about transfering ETH, is it safe to transfer all? Or are you suppose to leave enough behind to cover transfer fees? In a situation where you are no longer using ledger, and plan to move everything (ethereum) to a different crypto wallet, can you just transfer all (max) safely? Or will ETH get stuck because not enough to cover transaction fees? how does that work exactly. Also does the same apply for bitcoin and other crypto as well?
You should always leave some Ethereum in a wallet for fees if you have ERC20 tokens in the wallet. If you have moved all of your tokens out, you can empty out the Ethereum. It's not the Ethereum that gets stuck, it's the ERC 20 tokens. Bitcoin does not have sub-tokens (well there are ordinals now... but that is another subject). There are also other Cryptos that have sub-tokens like Cardano, Polygon, BNB. All of these types of crypos use the main to crypto for fees so you have to make sure there is some in the wallets if you have sub-tokens.
@@CryptoDad oo so basically if we dont have erc20 tokens, just only eth, then it should be fine to MAX transfer without carefully leaving any behind? assuming we no longer will be using the old wallet anymore? thx rex :}
Another Ledger debacle just announced by Ledger. Apparently there’s a way to sign using “clear signing” instead of “blind signing”. Can you help to understand how to set this up?
I have some thoughts on that. They may not be entirely accurate, but this is my thinking. If you're using the set temporary option, a would-be hacker or cracker would have to try huge variety of combinations (uppercase, lowercase, digits, special characters) to hack your passphrase. Whereas if you were simply using the attach-to-pin they would only have to worry about cracking and 8 digit numerical pin. Another issue that some people have brought up is that, if you have done the attach-to-pin method, then you have effectively saved your passphrase somewhere in the device so that it can be implemented when you enter your secondary pin. Now I'm assuming that this passphrase is stored cryptographically, but the idea that it's saved somewhere would encourage me to use the "set temporary" method instead. However, it is extremely tedious to enter your passphrase on the device. The set to pin method is much, much, much easier to access your alternate configuration So there's that.
Thank you Rex. I wish you could do a Hadera Hbar ledger live tutorial. I see you have an account and I did have one but unfortunately it locked after 1 sending transaction.
@@CryptoDad Ok. I added my account from the ledger live. Already had 2 account on third party daps with ledger X. Unfortunately the account don't sync anymore. Very tricky and I know others who got stuck as well. Thanks for all the great videos you do for the community.
Please help! My situation: i have created the passphrase and secret account (with my assets) a while ago. For some reason I hv forgotten the passphrase so I created a new passphrase (with new pin and acct) and hope to transfer the funds from first secret acct to second) only knowing the first secret acct pin is no longer valid!! what should I do as my funds are still in the first secret acct? thank you much if you could shed light. I didn't know the pin for first secret account would be overwritten once I hv created a new passphrase?! I can still "see" my account on ledger live just can't move funds out of it since my pin is no longer valid~~
You can always add a passphrase once you have your ledger accounts set up. Just remember that once you're in the passphrase configuration, you will need to create new accounts to store behind the passphrase. Basically, once you have entered the passphrase, it's like you're using a completely different device that needs its own accounts. If you wish to manage your existing accounts, all you have to do is disconnect the device and reconnect it without entering the passphrase, and you'll be in the base configuration.
@CryptoDad once I have passphrase how do I move funds from base account to passphrase..... would I have to transfer to exchange then to passphrase account
Well, it’s a bit tricky, but just remember the passphrase is tied to the device. However, the device itself is already paired up to your mobile app. All of the configuration is done on the device. That’s where you enter your passphrase. once you have done that you should be able to create new accounts in the mobile app that are based on the passphrase configuration since you already have the device paired, the trick is making sure you know which accounts are tied to the passphrase and which accounts are tied to the base configuration. The mobile app does not allow you to name the accounts as they are being created, But once you have an account set up, you can go in there and edit the name, so for example, you could create a bitcoin account based on the passphrase configuration and then go into the app and rename it bitcoinPP or something like that. For the passphrase protected accounts it might make sense to delete them so that a casual observer won’t see them. only re-create them every time you have entered the passphrase on your device. That way they stay secret.
Yes, exactly When you restore a ledger device, even though it holds the master private key, it does not remember any of the apps that you had on there before. So you’re going to have to manually search for them by going through the “add account” process. That is, of course, if you’re installing it on a brand new machine. In many cases, you might need to restore your device, but your Ledger Live desktop is still intact. In that case after the restore, you simply need to go to each account and do a test receive. This will perform a hardware check to make sure that your hardware device is back the correct configuration. It will also automatically install the appropriate app as you’re running the check for example, when you go to your bitcoin account and click receive, make sure your restored device is connected and the pin is entered. Ledger Live will connect to your device and search for the bitcoin app if it doesn’t find it, it will automatically install it for you and then do the hardware check.
@CryptoDad awesome. Makes perfect sense. This was the one part of ledger I didn't understand but do now. Makes so much sense to use the passphrase feature, Thanks again
I did an entire video on this subject. It is broken down into chapters. If you don't want to watch the entire thing, you can check out the chapter list in the description. Understanding & Updating Ledger Nano X Firmware: Navigating Trust in Hardware Wallets: ua-cam.com/video/JTPO2eK_Azo/v-deo.html
Hey. Great video. Let's say Ledger can see my seedphrase but not my passphrase. I'm safe. No one but me can access my funds. But, let's say that for some reason, in a month Ledger goes out of business and Ledger Live app won't work on pc or mobile. How will I be able to access my wallet which is created using the passphrase, hence the 25th word? As far as I know, all the other wallets only support 12 or 24 seephrase combination. Thanks
Hi sir, my ledger live application is popping a ledger firmware update 1.1.1. What update it is and should i go ahead with that or not provided if i dont want the ledger recover service to opt? Plz guide. thanks
Mine is popping too. In order to send assets to an exchange I need the update. So I already got the passphrase to move them to new accounts so it’ll be safe. This video is helping me!
You have to recover your device, and then enter the passphrase. So someone that has your seed cannot access your crypto, even if they do a restore. They must also know your pass phrase, which, of course only you know.
You can't change your seed phrase without doing a full device reset. But then you would need to transfer your crypto to the new accounts/config. You can always use a different passphrase, but again you would need to transfer your crypto assets to the new accounts/config. There is no way to simply edit/change a passphrase on an existing configuration
Hello CryptoDad, I am total nervous, because they could get my coins on Ledger and Metamask. What would you suggest to secure the still connected coins that are connected to metamask and ledger? I want to avoid them stealing too!!! I am total shocked, really! Thnaks a lot!!!
If I have a brand new ledger how would I add the seedphrase with the passphrase accounts? Would the new ledger that I'm putimg my old seedphrase in know that there is a passphrase associated with that seedphrase?
You just add the 24 seed phrase normally. Then in the settings (Security>Passphrase) you type in your EXISTING passphrase by attaching to pin (or setting a temporary one), just like when you type a new passphrase to create a new account, but here you type your EXISTING passphrase. Then login with that new pin to access your passphrase account. All your 24 word seed phrase + Passphrase should be the same as before.
Yes exactly. the Ledger interface always acts like you are setting a new passphrase. It should say "set new or existing" passphrase. This is a source of confusion when dealing with passphrases on the Ledger device.
Thank you for your efforts Question: without setting up PP, can i just delete account from my ledger live or can i delete my ledger live account? please let me know. Thanks
You can always delete accounts from Ledger Live (Ledger) but they only being hided. Once a account is added the will live forever on the blockchain whit or whiteout crypto in that account.
@@skyfall1975 Thank you so much So if I delete ledger live account, my all crypto will show in blockchain. That's mean scammer/hacker still able to see if they want to. How much vulnerability i'm if i do not have passphrase, my ledger live has my crypto. Would you please give me some more information. I'm always worry about my ledger live and I also think passphrase is difficult for me.
Anyone can "see" your transactions on the blockchain. But only you can move/mange your wallet because only you have the device (private key) that is how crypto works
What happens if you set up hidden accounts with a 25th pass phrase attached to new Pin then happen to damage or lose the ledger device? Are your hidden accounts still accessible with a new device?
Yes, you would simply restore to the new device and go through the exact same process you did to set up the passphrase attached to the pin. Just make sure you use the exact same passphrase on the new device. The crypto will still be there, of course.
Even if remove pp accounts from ledger live, is there a still possibility to track my wallet through transactions on the blockchain? But having my passphrase stored secure, i have nothing to worry about? Did i get it right? Ps: awesome, clear tutorial 😀, thx.
Yes, even passphrase-protected accounts are transparent on the blockchain (at least for most cryptos) but your private key is definitely secure (as long as you don’t forget your passphrase)
@@CryptoDad one more question: can i recover access to my passphrase accounts without my 24 seed phrase, only using passphrase? For example, i no longer need to use any of my base configuration accounts, i just want to transfer all the cryptos to pp accounts and hide them. Can i forget about all the mess around seed phrase and treat Ledger as my fully controlled personal wallet protected by myself (passphrase)? Thx
Very nice. But for eg let's say I reset my ledger device...I enter my seed, I get my base accounts...what about the accounts that are protected by the passphrase? how do you recover those?...there is no way right?
Would this be with a brand new passports but once that section is activated the hidden accounts would be discoverable. So loss of your 24 word seed phrase would still lose access to hidden wallets on the new device if someone new what they were doing right? So this is about in person deniability under duress?
Unfortunately many people will loose their crypto only by screwing up the safe store off their 24 recovery seed. There will be even more people who will loose their assets after activate and fund the passphrase account. That’s haw secure the passphrase account is 😅
How does Ledger Live generate the address for PP when you are not in that configuration? I thought that addresses are based on the private keys, which are obviously not available when the ledger Nano X is in the base configuration. In other words: how does it generate addresses without a hardware check?
The master private key is stored on the ledger device and is always available for generating addresses or new accounts. When you set a passphrase, it simply creates that new configuration based on the existing master private key and your passphrase. This configuration will be available until you disconnect your advice.
Well, first, you'll get a new device and restore it using the seed phrase that you wrote down when you set up your original device. Then you will simply create the same passphrase again on the new device, and you will have access to all of the Crypto.
Hello, about the last part of the video, if you delete the Bitcoin Main wallet, does it not lose the transaction history? If yes, then we send Bitcoin from Bitcoin Main wallet to Bitcoin PP wallet and then delete Bitcoin Main wallet and again "install" it and it will appear without history. Am I right? Thank you for your contribution to the community through these videos.
I just realized that my ether and dogecoin sent out from my ledger. The only thing I did was update my ledger . It is wierd because I have the rest of coins. Any idea what could of happen?
If you see outgoing transactions in your ETH and DOGE wallets that you did not initiate, then your wallet may be compromised. If the accounts are simply missing, just go to the Accounts section on the left and click the "add account" button on the upper right side. Choose ETH and follow the instructions (i.e. connect our device and open the Ethereum app). You should find your ETH account. Then do the same thing for DOGE.
Hi.did you manage to find your ether and dogecoin? Just wanted to know because I have just updated mine now I'm keep checking my account to see nothing goes missing from mine.im scared now after reading your comment.please let me know and I hope you managed to find yours.thankyouu
Instead of making an alternative "passphrase" account, can you just add a passphrase (25th word) to your current/main account, just for extra security? That way even if someone gets your 24 word seed phrase, they would still need the passphrase that you just have memorized and not written down anywhere? Then i only need to remember one word that I chose myself, instead of trying to memorize 24 random words.
Adding a passphrase does not protect the crypto that is in the base configuration. You’re not just “Adding“ security to your existing crypto. You must move crypto into the passphrase configuration like I showed in the video.
You got things mixed up! You never add an 25 word to the 24 recovery seed! It’s misleading term unfortunately and in fact you create a whole new area next to the recovery seed account and the new area can only exist when the 24 recovery seed account is created again on for instance a new hardware wallet.
Blockchains are public. Anyone can see them. Unless you are using privacy coins like Monero or Zcash. They can't necessarily see your ledger live directly, they can only examine the individual blockchains of the crypto you own.
Tangem wallet is great. I've been using it, but it really can't replace my ledger Nano X. There's a lot of cryptos that I hold and a lot of 3rd party wallets that I've got set up that are not compatible with Tangem. So I kind of used them in parallel.
I thought the 24 word phrase are your keys and if that devise gets destroyed or lost your able to buy another ledger punch in your 24 word phrase and your crypto should be there.
Ouch that's a bummer. While you still have access to your device, I would recommend that you get a new hardware wallet. Make sure you write down the seed phrase of the new wallet and store it in a safe place. And transfer your assets to that.
A fair point. Although I do agree that the Ledger interface for entering a long and complicated passphrase using a ledger device is indeed wonky and difficult. (The Ledger STAX implements this feature much, much better) I believe the length of the video is totally my fault. I tend to do demonstrations as if I were teaching in a classroom and speaking to people with no knowledge. It's basically just my style. Some people find it helpful, others would rather view a short overview. I admit I'm a bit of a dinosaur on UA-cam these days.
Hi CryptoDad can i ask what happen if you forgot your password Passphrase for some time period are there any chance you can recover these Passphrase that you been created? as i know seedphrase if you forgot you can recover with 24 words but i am not sure on Passphrase. Thank you
Ledger's code isn't fully open, so there's no way to be sure their firmware can't export your passphrase too (or the key created by it). People need to stop assuming things when they talk about how hardware wallets work, especially Ledger. If the code isn't 100% open source, you can't know for sure the device is truly safe.
@@ozb10 Prove that Ledger's key extraction code can't extract a passphrase too. Don't quote Ledger. They've been lying to their users, so their word can't be trusted. Prove it. There's a saying in crypto: "Don't trust. Verify." Can't prove it? Can't verify it. Can't verify it? Can't trust it. I see a lot of people trying to make excuses for Ledger. Once Ledger's code gets hacked, they'll regret sticking with them.
Ledger does not have access to your seed phrase. Even if you use their recovery service, which I don't, it is encrypted and only you can initiate the restore process.
Well meaning but… beastly confusing because there is no standardization of terminology and/ or consistent use of said terminology. Poorly communicated.
I went to great pains to explain the difference between the passphrase and the seed phrase. I also had longer a discussion about clarifying the terms: seed phrase, passphrase, password (for Ledger Live) and PIN for the device. I had to cut this discussion because the original video ran 50 minutes long! I always try to clarify myself when recording but end up having to trim a lot of my additional comments out during editing. I apologize if the end result was not a clear as it should have been
@@CryptoDad I think you are making my point. It is not a ‘seed phrase’. It is a ‘recovery phrase’. Throughout the talk you used language casually. I did say, the effort was well intentioned. Lastly, there seemed to be no structure to the content. It rambled. :-)
I just came across your video and I have no words to express how helpful it is to me. It solved a lot of problems and saved me time and now I feel much more confident about how to work with the passphrase. Thanks!
Although I knew it completely but I watched it till the end !!!
You know why? Even English is not my native language, I understand what you are saying completely.
So, not only are you a great teacher, but you also speak so clearly that leads me to watch all of your videos until the end.
Even I know the content completely.
I appreciate your work.
Great job
Viva from Iran, Tehran.
❤❤❤
Merci!
Same
❤🎉😊
I've had my Ledgers for 2+ years and never knew this. I found this a bit complicated and I'll have to watch 2-3 times but Im, sure it'll be worth it - thanks!
Personally speaking for myself bc I own a ledger nano s. Your keys don't ever leave the device until you humanity import them into a software wallet or better known as a mobile or hot wallet. It's not that I trust Ledger because there is no trust in crypto. People need to take a step back and relearn to use a hardware wallet. I feel that more education is still needed but you're doing a great job crypto dad!
I connect mine to metamask but that's not importing the seedphrase. Is that what you're talking about? Or do you mean actually recovering the wallet from on an online wallet using the seed phase?
@@investing1223 if your using a hardware wallet the seed phrase never left the wallet. Now if your trying to connect your hardware wallet to metamask. Metamask will scan your device for activities and import it to the interface. Again the private keys never left until you humanity entered the private keys to metamask wallet than that's when you compromise yourself. Metamask has an opinion to scan hardware wallets like ledger and tezor.
When someone makes the big mistake to use the ledger 24 recovery seed in metamask for setting up they will learn that their Bitcoin will never show up in there in case the Ledger account does hold them 😂😂😂
Security ,pass phrase is not going to stop any government with this update,.. Come on people,think.
They dont have the ledger nano s anymore I don't think the ledger nano s plus is the same as the regular s. I think there was a reason they dont make the ledger nano s anymore. Those lucky enough to have got them I believe have the best security. Thats why they dont offer it anymore but thats just why I'm thinking they "discontinued" it who knows 🤔 🤷
This video was on point. Good job sir. And you didn't even charge a dime. God bless you and yours!
I appreciate that
This is Excellent!
Thank U for showing this. I'm just now pulling the trigger on setting up my Nano, after purchasing 2 weeks before the unsettling announcement 2 or so months ago.
Glad it was helpful!
Thanks for this explanation. You will have to remember which assets you hide in Ledger Live, or write it down somewhere. If it's a lot of assets and you forget, you might not find some of them back
As long as you remember your alternate pin, you can always go back in and just try several cryptocurrencys by choosing add account. You might stumble on one you forgot about.
It does not mind if you login in the original account or the passphrase account, all your assets are visible in your Ledger live once you did ad the accounts or imported them. But yes when you have to do a new setup some day you need to remember the tokens/account you have. But actually that is also the situation in the original recovery seed account. I assume people know or write down their crypto buys and so the holdings.
Great tutorial.. a video showing how to create multiple PP configurations without losing/replacing/wiping the 1st PP configuration, would be helpful..
Great suggestion!
Your Ledger content is BETTER than Ledger's. Their guy showed HOW to create passphrase & pin but YOU explained that you can create a long passphrase, increasing entropy greatly, because we only have to enter it once, after which we use our pin#2. /// Question: Ledger Nano X has a timeout & I keep having to re-enter pin. Annoying. Timeout on max already. Is there a workaround? Is a 4-digit PIN risky in case of theft of the device?
Yes, if you hold down both buttons for a few seconds, you’ll enter the command center. What you’re gonna wanna do is scroll over to settings, and then you’ll navigate using the right button over to “security” in security,There is a pin lock and a screensaver menu selection. In both of those I go in and set them to never, that way it never goes into sleep mode. Just remember to disconnect your device when you’re finished using it so no one can walk along and manage your crypto. 😊
Really good job explaining this quite complex procedure. Thank you a lot !
Incredible video as always. You're doing a great service to us all. Respect!
Great video! You really walk us through setting up the passphrase in a practical way.
Great video, I only hope people realise how important this information is 👍
I hope so too
Thanks for this great video! It will be a direct hit by viewers because off the extra safety for your Ledger holdings. I like to add that people can check the new pass phrase setup for error free working. There is no need to do a test transaction from the pass phrase account to check if you ever can whitdraw coins. Just do the steps to verify one off your receiving adres in your new pass phrase setup and if that’s okay it’s working perfect. Should be but just for peace off mind.
The under duress situation can be a handy thing in some usecase but that’s not the biggest thing to worry about. I mean they can also force you to empty you bank account when someone is together whit you on a computer. Highly uncommon situation unless you are a known miljonair. Best is to keep your Ledger in some vault so you cannot sent crypto anyway. The 24 recovery seed and passphrase should be in very dark place and separated location as your Ledger devices.
Brilliant information & advice buddy.
Glad you enjoyed it
You literally should do the videos for ledger. The Dan guy really was confusing. I thought I had to do a passphrase for each coin. OMG
great info and greetings from Ireland
Thanks for watching!
Listening from Mackinac Island
Yah Chad! Hope you are well! Favorite Chad Quote: "Mackinac Island is a drinking island with a tourist problem!"
Thank you for the video, it’s nice to have another layer of security! I appreciate how you took the time and explained everything so clearly, it was a breeze following along with you
Great job, thanks for the video
good grief - self custody next level - I’d do this if I were an OG with a huge bitcoin bag - but I’d have to be in the mood to set up with my tiny bag. I’ve bookmarked this vid and will revisit again when to stars align. Thanks crypto dad!
Awesome video. I was going to ask how do you remove/hide the PP accounts in Ledger Live, but you covered it like a blanket. ;-)
Always appreciated. Great video. God bless, Paul
Thank you so much for this video!!!💯💯
This is genius🎉
You are life saver on confusing nano market Thank you so much.
I see up a passphrase wallet attached to a pin.
May I ask you a burning question?
Now when I am trying to access the wallet, do I use the main pin or the passphrase pin?
Thank you brother,excellent instructional as always.
Great Job!!!!!!!!!! as always Thank You.
Dennis
@00:20:05 Question Rex....if someone is standing over you w a gun and you logg in LL they will see both accounts, the one w the initial pin w their affiliated accounts w balances AND the 2nd one w the 2nd pin (the PP) w their accounts w balances.....at that time you cannot say this is all I got, cause they will see indeed what you got. Now you said you just hide the PP accounts and they will not be visible in LL...but here it comes now....the bad guy will look at the transaction history of your initial pin affiliated accounts and they will know something is wrong. So this video will only work fullproof with a new device!
I covered those concerns in the "Additional Security Considerations (Account Management)" 38:57
I know it is a long video! Long story short: to be foolproof, you would indeed need to create a new base (or diversion) account from scratch with no large outgoing transactions.
@@CryptoDadI did watched the entire video Rex...my remark is only the following; only at the very end one can logically know that the only foolprove option is to use a brand new Nano without any transaction history. It is just my opnion not to be mean, but looking at the thumbnail or watching the whole video you only state my opinion at the last few minutes. In other words, during the video I already asked myself 'what about the transaction history in the initial accounts' and I had to wait until the very end to understand it is not foolprove. I would not like to be in ur shoes, I think u r doing great the last 7y or so! Best Regards from Rotterdam.
@@chullotm1970 Yes, I totally understand. Actually, the thought did not occur to me until the end. You could buy/use a new device, or you could do this:
1. Add passphrase
2. Transfer all crypto to a PP configuration.
3. Delete original accounts.
4. Create new decoy accounts and fill them with some decoy crypto. That way, you would not need to spend the money on a new device.
Thanks for pointing that out.
After funding your passphrase accounts you can safely delete them in Ledger Live along whit the transaction history. The only transaction history will be in the original account but they see only some crypto send to a random wallet adres. When they don’t know for sure I believe nobody will have you hostage for very long time. Hopefully not 😢
You are the best bro!!!! God bless!!
Can u send assets directly to the passphrase protected account, rather than from the base account on Ledger Live?
Thank you
Can you do a passphrase restore video? Ledger did one but I'm sure yours will be better.
All you have to do is a restore, and then repeat everything in this video to regain access to an existing passphrase. Instead of creating a new passphrase, you simply use the one you already have.
21:58 when you said “enter normal PIN”. Do you mean the base PIN (or PIN#1) on your paper? So we would never used PIN#2 unless we want to change/get to Passphrase configuration?
Correct the base pin #1 is for the base configuration. Pin #2 is for the passphrase configuration
Cryptodad I had set up with 25 key phrases and even though the assets are visible on my ledger live, I doesn’t allow me to transfer and sell. Please could you help me
When you are in ledger live will you see both the Base Account and the PP Account? Couldn't the person who had you under duress see all your assets? Watched to the end to answer my own question.
Yes you can see all the accounts once created but you can delete them afterwards and they will be gone. The crypto stays safe on the blockchain and under duress nobody will have a clu unless the sit down whit you and add all the accounts back but then you will have to give them the second pin for passphrase account, and that’s something we will not talk about offcourse to nobody 😅
If your crypto funds are on the passphrase account and you went to transfer them to a new hardware wallet like d'cent for example because your current ledger gets destroyed or lost, how exactly do we do that? because the funds wont be on the orignal account under the 24 word seedphrase do the other hardware devices allow us to enter 25 words?
Yes, the wallet that you’re moving to would need to support passphrases. Some do some don’t. I don’t think the D’cent does.
Of course you could always just do a wallet to wallet transfer once you’re in the passphrase configuration
@@CryptoDad thank cryptodad 🙏🏿
It’s always better to have 2 ledger devices so that it’s always possible to fast do a recovery of your accounts. Even when this means to temporarily reset the second ledger device, offcourse you need to be sure you did safe the 24 recovery seed along whit the (when used there) passphrase so you can set it back up after the debacle 😅
do you have a video on how to set up a passphrase on a new device
You would just set up a new device and then follow the steps up to point 14:00 in the video. Then you would create new accounts. In that scenario you would not need to worry about transferring from your base accounts. However, it might be smart to create some decoy accounts.
How do we know ledger could not get our passphrase ?
It still shows my paraphrase account on ledger live beneath the base account
Easily add and remove accounts in ledger live. All you have to do is right click on the account and choose edit account and then delete to remove it. It won't be gone. It'll just not be showing up in ledger live anymore.. You can easily re-add it as I demoed in the video.
@@CryptoDad thank you and God Bless you…I must’ve missed that part….
Really helpful. Thank you very much! What are your thoughts on the backdoor issue/password recovery service at Ledger?
Great video! I would love to see how to restore a device with your secret passphrase. Do you enter it after your regular 24 word phase? Or do you have to do a separate restore procedure only with your secret passphrase? Do you need your second pin for that restore? Thanks
You just restore the device as usual and then go through the exact same steps in this video only this time there will be existing accounts since you created the passphrase already. Just make sure you use the exact same passphrase you used before. That is why I recommend that you write it down.
The PIN code used for opening your Ledger will never be needed to recover 24 recovery seed or passphrase account. The pin gets deleted when you reset a Ledger and does not be stored in the blockchain like the recovery seed and passphrase.
Quick question:
Do you have to be signed into ledger live and connected to the internet to complete the setup. Or can u do the set up of passphrase on the ledger by just simply plugging it into any laptop as long as there is power source to the ledger.
Are there any options to check the passphrase, similar to how you can confirm the seed phrase?
Sure. Basically just enter your passphrase, go into the passphrase protected account and do a test receive. If the address on your device matches the address on your screen, then the passphrase is correct. If you get the "oops something went wrong" message, try again.
@@CryptoDadthank you, love your content keep up the good work.
Unless I'm missing something, if you're under duress and the guy knows about this "trick" , he will just force you to add accounts again passphrase protected mode , then he will see the hidden accounts anyway.
Great tutorial, thank you! I’ve tried to add a passphrase to my Nano S however I get an error message when trying to add it. Not sure why and unable to get an answer from Ledger for the past week
I have seen an error message while trying to enter a pass phrase. What message are you getting?
Can the Pass Phrase account be recovered in any wallet other than the ledger, with the 24 words Recovery phrase + its 1 associated Passphrase.
example: If I loose my ledger (or ledger goes out of stock/bankrupt etc) and I don't have any access to a new ledger for days, and in an emergency I want to access my funds of my "PASSPHRASE ACCOUNT" through a software wallet. will that be possible?
Thanks!
Great video!! One question though. Why cant you just use the passphrase on the base account??
There is no way to "attach" a passphrase to an existing wallet. When you enter a passphrase, you basically create a new wallet with a different master private key. After that, you can transfer your assets from the base account(s) to the passphrase account(s)
@@CryptoDad thanks
Great video. Cant find any info on it so hopefully you can help. In the event my ledger is lost/destroyed and i need to recover my funds into a hot wallet temporally, what wallets allow for use of the passphrase. Dont hold bitcoin but needs to be compatible with avax, sol, eth etc. Thanks
@@harryh365 importing your hardware wallet seed phrase into a hot wallet is a really bad idea. I understand that you’re thinking it would just be a temporary fix, but it’s better to be proactive and have a second device already in hand. In fact it makes sense to have that second device already restored so that it is a mirror backup should anything happen to your go to device. This is a much better strategy than, having a hot wallet as your temporary option. Having said that, almost every wallet out there supports BIP 39 seed phrases this article has a comprehensive list. Keep in mind that a lot of these restores won’t be seamless. They may not see all of your accounts, but given the myriad of options available, there are plenty of ways to access your crypto should you need to temporarily
getcoinplate.com/blog/bip39-compatible-wallets-list/?srsltid=AfmBOorERhWcQrr0-kkKtxiys4vAElwlkzENnDAVHI25T8-OukZC1lkK&v=7516fd43adaa
Hi Rex. You mentioned in 30:45 about transfering ETH, is it safe to transfer all? Or are you suppose to leave enough behind to cover transfer fees?
In a situation where you are no longer using ledger, and plan to move everything (ethereum) to a different crypto wallet, can you just transfer all (max) safely?
Or will ETH get stuck because not enough to cover transaction fees? how does that work exactly.
Also does the same apply for bitcoin and other crypto as well?
You should always leave some Ethereum in a wallet for fees if you have ERC20 tokens in the wallet. If you have moved all of your tokens out, you can empty out the Ethereum. It's not the Ethereum that gets stuck, it's the ERC 20 tokens. Bitcoin does not have sub-tokens (well there are ordinals now... but that is another subject). There are also other Cryptos that have sub-tokens like Cardano, Polygon, BNB. All of these types of crypos use the main to crypto for fees so you have to make sure there is some in the wallets if you have sub-tokens.
@@CryptoDad oo so basically if we dont have erc20 tokens, just only eth, then it should be fine to MAX transfer without carefully leaving any behind? assuming we no longer will be using the old wallet anymore? thx rex :}
@@AinzOoalG0wn yes!
Another Ledger debacle just announced by Ledger. Apparently there’s a way to sign using “clear signing” instead of “blind signing”. Can you help to understand how to set this up?
Can I create passphrase in nano S?
Yes, the process is the same.
Hello, What are your thoughts on attaching a secondary pin to a passphrase protected account instead of using the temporary passphrase option? Thanks
I have some thoughts on that. They may not be entirely accurate, but this is my thinking. If you're using the set temporary option, a would-be hacker or cracker would have to try huge variety of combinations (uppercase, lowercase, digits, special characters) to hack your passphrase. Whereas if you were simply using the attach-to-pin they would only have to worry about cracking and 8 digit numerical pin.
Another issue that some people have brought up is that, if you have done the attach-to-pin method, then you have effectively saved your passphrase somewhere in the device so that it can be implemented when you enter your secondary pin. Now I'm assuming that this passphrase is stored cryptographically, but the idea that it's saved somewhere would encourage me to use the "set temporary" method instead. However, it is extremely tedious to enter your passphrase on the device. The set to pin method is much, much, much easier to access your alternate configuration So there's that.
Thank you Rex. I wish you could do a Hadera Hbar ledger live tutorial. I see you have an account and I did have one but unfortunately it locked after 1 sending transaction.
have not tried to move mine yet
@@CryptoDad Ok. I added my account from the ledger live. Already had 2 account on third party daps with ledger X. Unfortunately the account don't sync anymore. Very tricky and I know others who got stuck as well. Thanks for all the great videos you do for the community.
Please help!
My situation: i have created the passphrase and secret account (with my assets) a while ago. For some reason I hv forgotten the passphrase so I created a new passphrase (with new pin and acct) and hope to transfer the funds from first secret acct to second) only knowing the first secret acct pin is no longer valid!! what should I do as my funds are still in the first secret acct? thank you much if you could shed light. I didn't know the pin for first secret account would be overwritten once I hv created a new passphrase?! I can still "see" my account on ledger live just can't move funds out of it since my pin is no longer valid~~
I'm assuming this also works on the S+. Yes?
Absolutely., The ledger nano plus also supports passphrases.
How to recover the passphrase account on new devices? Thank you.
Did the passphrase account only available at Ledger Device?
or it can also be recover from other brands device that support the same coins?
Will passphrase work if you already have your ledger set up with an account
You can always add a passphrase once you have your ledger accounts set up. Just remember that once you're in the passphrase configuration, you will need to create new accounts to store behind the passphrase. Basically, once you have entered the passphrase, it's like you're using a completely different device that needs its own accounts. If you wish to manage your existing accounts, all you have to do is disconnect the device and reconnect it without entering the passphrase, and you'll be in the base configuration.
@CryptoDad once I have passphrase how do I move funds from base account to passphrase..... would I have to transfer to exchange then to passphrase account
I'm not able to create some pp accounts in ledger live, I think I should update my firmware
Well, it’s a bit tricky, but just remember the passphrase is tied to the device. However, the device itself is already paired up to your mobile app. All of the configuration is done on the device. That’s where you enter your passphrase. once you have done that you should be able to create new accounts in the mobile app that are based on the passphrase configuration since you already have the device paired, the trick is making sure you know which accounts are tied to the passphrase and which accounts are tied to the base configuration. The mobile app does not allow you to name the accounts as they are being created, But once you have an account set up, you can go in there and edit the name, so for example, you could create a bitcoin account based on the passphrase configuration and then go into the app and rename it bitcoinPP or something like that. For the passphrase protected accounts it might make sense to delete them so that a casual observer won’t see them. only re-create them every time you have entered the passphrase on your device. That way they stay secret.
Is what you did to add the accounts back, the same way you would bring assets back to visibility after using seed phrase recovery (if you ever had to)
Yes, exactly When you restore a ledger device, even though it holds the master private key, it does not remember any of the apps that you had on there before. So you’re going to have to manually search for them by going through the “add account” process. That is, of course, if you’re installing it on a brand new machine. In many cases, you might need to restore your device, but your Ledger Live desktop is still intact. In that case after the restore, you simply need to go to each account and do a test receive. This will perform a hardware check to make sure that your hardware device is back the correct configuration. It will also automatically install the appropriate app as you’re running the check for example, when you go to your bitcoin account and click receive, make sure your restored device is connected and the pin is entered. Ledger Live will connect to your device and search for the bitcoin app if it doesn’t find it, it will automatically install it for you and then do the hardware check.
@CryptoDad awesome. Makes perfect sense.
This was the one part of ledger I didn't understand but do now.
Makes so much sense to use the passphrase feature,
Thanks again
Hi CryptoDad, its safe to update Legder Live to v2.64.2? Great video... Thanks!
I did an entire video on this subject. It is broken down into chapters. If you don't want to watch the entire thing, you can check out the chapter list in the description.
Understanding & Updating Ledger Nano X Firmware: Navigating Trust in Hardware Wallets: ua-cam.com/video/JTPO2eK_Azo/v-deo.html
Hey. Great video.
Let's say Ledger can see my seedphrase but not my passphrase. I'm safe. No one but me can access my funds.
But, let's say that for some reason, in a month Ledger goes out of business and Ledger Live app won't work on pc or mobile. How will I be able to access my wallet which is created using the passphrase, hence the 25th word? As far as I know, all the other wallets only support 12 or 24 seephrase combination.
Thanks
there are other wallets that support 24 word seed phrases and passphrases. You can restore to those. Trezor, Keepkey, Ngrave, are a few.
helped a lot,thanks CryptoDad
Can it works for nano s plus too?
Thanks,
Yes the Ledger Nano S plus supports passphrases
@@CryptoDad
Thanks 👍
Hi sir, my ledger live application is popping a ledger firmware update 1.1.1. What update it is and should i go ahead with that or not provided if i dont want the ledger recover service to opt? Plz guide. thanks
Mine is popping too. In order to send assets to an exchange I need the update. So I already got the passphrase to move them to new accounts so it’ll be safe. This video is helping me!
Does passphrase need to be in excat order say it was keep could u recover account by putting in peek instead same characters but different order
No, it has to be exact.
How do you feel about the security of other hardware wallets that may not offer passphrases? Example, dcent or trezor? Just curious your opinion.
Tangem as well
Is it true that ledger can not recover pass phrase account?
You have to recover your device, and then enter the passphrase. So someone that has your seed cannot access your crypto, even if they do a restore. They must also know your pass phrase, which, of course only you know.
Does passphase fix peoples worries about the new recovery feature, does passphase act as a safe guard against ledger recover
Is it possible to change the phrases passwords in ledger so that no-one can know the new password phrases , if i am hacked?
You can't change your seed phrase without doing a full device reset. But then you would need to transfer your crypto to the new accounts/config.
You can always use a different passphrase, but again you would need to transfer your crypto assets to the new accounts/config. There is no way to simply edit/change a passphrase on an existing configuration
Hello CryptoDad, I am total nervous, because they could get my coins on Ledger and Metamask. What would you suggest to secure the still connected coins that are connected to metamask and ledger? I want to avoid them stealing too!!! I am total shocked, really! Thnaks a lot!!!
If I have a brand new ledger how would I add the seedphrase with the passphrase accounts? Would the new ledger that I'm putimg my old seedphrase in know that there is a passphrase associated with that seedphrase?
You just add the 24 seed phrase normally. Then in the settings (Security>Passphrase) you type in your EXISTING passphrase by attaching to pin (or setting a temporary one), just like when you type a new passphrase to create a new account, but here you type your EXISTING passphrase. Then login with that new pin to access your passphrase account. All your 24 word seed phrase + Passphrase should be the same as before.
@@mayankZed ok thank you for the time and response.
Yes exactly. the Ledger interface always acts like you are setting a new passphrase. It should say "set new or existing" passphrase. This is a source of confusion when dealing with passphrases on the Ledger device.
@@CryptoDad thanks as always
How could I make an account for a ethereum account with a pp? Or for a usdt or usdc account?
Is it possible to create one for the ones I mentioned?
All three of those types use an Ethereum account/wallet. Simply enter your PP configuration and choose “add account” then choose Ethereum.
New ledger firmware update has again come up ver 2.2.2. It has made some part of the OS code related to Ledger Recover open source. Safe to Update?
Yes, I updated mine. They are staring to open source the firmware. This latest firmware update is the first step in the process.
Thank you for your efforts
Question: without setting up PP, can i just delete account from my ledger live or can i delete my ledger live account?
please let me know. Thanks
You can always delete accounts from Ledger Live (Ledger) but they only being hided. Once a account is added the will live forever on the blockchain whit or whiteout crypto in that account.
@@skyfall1975
Thank you so much
So if I delete ledger live account, my all crypto will show in blockchain. That's mean scammer/hacker still able to see if they want to.
How much vulnerability i'm if i do not have passphrase, my ledger live has my crypto.
Would you please give me some more information. I'm always worry about my ledger live and I also think passphrase is difficult for me.
Anyone can "see" your transactions on the blockchain. But only you can move/mange your wallet because only you have the device (private key) that is how crypto works
What happens if you set up hidden accounts with a 25th pass phrase attached to new Pin then happen to damage or lose the ledger device? Are your hidden accounts still accessible with a new device?
Yes, you would simply restore to the new device and go through the exact same process you did to set up the passphrase attached to the pin. Just make sure you use the exact same passphrase on the new device. The crypto will still be there, of course.
Even if remove pp accounts from ledger live, is there a still possibility to track my wallet through transactions on the blockchain? But having my passphrase stored secure, i have nothing to worry about? Did i get it right? Ps: awesome, clear tutorial 😀, thx.
Yes, even passphrase-protected accounts are transparent on the blockchain (at least for most cryptos) but your private key is definitely secure (as long as you don’t forget your passphrase)
@@CryptoDad one more question: can i recover access to my passphrase accounts without my 24 seed phrase, only using passphrase? For example, i no longer need to use any of my base configuration accounts, i just want to transfer all the cryptos to pp accounts and hide them. Can i forget about all the mess around seed phrase and treat Ledger as my fully controlled personal wallet protected by myself (passphrase)? Thx
Very nice. But for eg let's say I reset my ledger device...I enter my seed, I get my base accounts...what about the accounts that are protected by the passphrase? how do you recover those?...there is no way right?
All you have to do is repeat the passphrase setup to gain access to the passphrase-protected assets. (after the restore)
@@CryptoDad ahh nice...thx for the quick response 👍🍏
Would this be with a brand new passports but once that section is activated the hidden accounts would be discoverable. So loss of your 24 word seed phrase would still lose access to hidden wallets on the new device if someone new what they were doing right? So this is about in person deniability under duress?
How does this protect me from the new firmware upgrade?
If the new firmware upgrade can acess my seed phase wont it take my passphrase account too ???
No, because only you know the passphrase
Unfortunately many people will loose their crypto only by screwing up the safe store off their 24 recovery seed. There will be even more people who will loose their assets after activate and fund the passphrase account. That’s haw secure the passphrase account is 😅
@@CryptoDad
But the passphrase is saved with the seedphrase isn't it?
If the new firmware can access my seedphrase why can't it access the passphrase
How does Ledger Live generate the address for PP when you are not in that configuration? I thought that addresses are based on the private keys, which are obviously not available when the ledger Nano X is in the base configuration. In other words: how does it generate addresses without a hardware check?
The master private key is stored on the ledger device and is always available for generating addresses or new accounts. When you set a passphrase, it simply creates that new configuration based on the existing master private key and your passphrase. This configuration will be available until you disconnect your advice.
@@CryptoDad I will try it out for myself and I think it becomes clear than
How to recover passphrase account if my ledger device is lost ?
Well, first, you'll get a new device and restore it using the seed phrase that you wrote down when you set up your original device. Then you will simply create the same passphrase again on the new device, and you will have access to all of the Crypto.
@@CryptoDad thank You
Hello, about the last part of the video, if you delete the Bitcoin Main wallet, does it not lose the transaction history? If yes, then we send Bitcoin from Bitcoin Main wallet to Bitcoin PP wallet and then delete Bitcoin Main wallet and again "install" it and it will appear without history. Am I right? Thank you for your contribution to the community through these videos.
You can remove and add accounts in Ledger live. But they won't lose their transaction history. The history will still be there when you re-add
I just realized that my ether and dogecoin sent out from my ledger. The only thing I did was update my ledger . It is wierd because I have the rest of coins. Any idea what could of happen?
If you see outgoing transactions in your ETH and DOGE wallets that you did not initiate, then your wallet may be compromised. If the accounts are simply missing, just go to the Accounts section on the left and click the "add account" button on the upper right side. Choose ETH and follow the instructions (i.e. connect our device and open the Ethereum app). You should find your ETH account. Then do the same thing for DOGE.
Hi.did you manage to find your ether and dogecoin? Just wanted to know because I have just updated mine now I'm keep checking my account to see nothing goes missing from mine.im scared now after reading your comment.please let me know and I hope you managed to find yours.thankyouu
I cant transfer eth coins from coinbase account to my ledger without updating the firmware. Is there a work around this?
No, you need to update your firmware if you are using Ledger. However, you could also restore you 24 word seed phrase to a different wallet.
@@CryptoDad would you trust new ledger update?
Daddy, your are the best !!!
Instead of making an alternative "passphrase" account, can you just add a passphrase (25th word) to your current/main account, just for extra security? That way even if someone gets your 24 word seed phrase, they would still need the passphrase that you just have memorized and not written down anywhere? Then i only need to remember one word that I chose myself, instead of trying to memorize 24 random words.
how to recover 25 word phrase on other wallet?
Adding a passphrase does not protect the crypto that is in the base configuration. You’re not just “Adding“ security to your existing crypto. You must move crypto into the passphrase configuration like I showed in the video.
You got things mixed up! You never add an 25 word to the 24 recovery seed! It’s misleading term unfortunately and in fact you create a whole new area next to the recovery seed account and the new area can only exist when the 24 recovery seed account is created again on for instance a new hardware wallet.
Are you saying that anyone around the world can see my ledger live crypto or did you mean only if you had a roommate?
Blockchains are public. Anyone can see them. Unless you are using privacy coins like Monero or Zcash. They can't necessarily see your ledger live directly, they can only examine the individual blockchains of the crypto you own.
Is this necessary or just buy a tangem, dcent wallet lol
Tangem wallet is great. I've been using it, but it really can't replace my ledger Nano X. There's a lot of cryptos that I hold and a lot of 3rd party wallets that I've got set up that are not compatible with Tangem. So I kind of used them in parallel.
@@CryptoDad thanks for the perspective 👍🏻
I thought the 24 word phrase are your keys and if that devise gets destroyed or lost your able to buy another ledger punch in your 24 word phrase and your crypto should be there.
that is true
Correct but that’s not where this video is all about…
130th...Thanks CryptoDad
what if your want to use metamask in the future, Metamask can foun that hiden wallet?
You can access passphrase-protected configurations using Metamask (there is a place to enter passphrases when you connect your hardware device)
Metamask does not support Bitcoin so those will never show up in there. You need a hardware wallet like Trezor or Ledger second device offcourse.
❤🎉😊
👍👍
Greetings I need to contact you away from platform
didn't write down passphrase and forgot what it is.
Ouch that's a bummer. While you still have access to your device, I would recommend that you get a new hardware wallet. Make sure you write down the seed phrase of the new wallet and store it in a safe place. And transfer your assets to that.
neat
I like this guy. But if it takes 42 minutes to explain how to set up a passphrase, then Ledger’s implementation of passphrases is way too complex.
A fair point. Although I do agree that the Ledger interface for entering a long and complicated passphrase using a ledger device is indeed wonky and difficult. (The Ledger STAX implements this feature much, much better) I believe the length of the video is totally my fault. I tend to do demonstrations as if I were teaching in a classroom and speaking to people with no knowledge. It's basically just my style. Some people find it helpful, others would rather view a short overview. I admit I'm a bit of a dinosaur on UA-cam these days.
Hi CryptoDad can i ask what happen if you forgot your password Passphrase for some time period are there any chance you can recover these Passphrase that you been created? as i know seedphrase if you forgot you can recover with 24 words but i am not sure on Passphrase. Thank you
Ledger's code isn't fully open, so there's no way to be sure their firmware can't export your passphrase too (or the key created by it). People need to stop assuming things when they talk about how hardware wallets work, especially Ledger. If the code isn't 100% open source, you can't know for sure the device is truly safe.
Even if you reset the device multiple times, how about adding the 25th word seed phrase as well . How is that not secure?
@@ozb10 Prove that Ledger's key extraction code can't extract a passphrase too. Don't quote Ledger. They've been lying to their users, so their word can't be trusted. Prove it.
There's a saying in crypto: "Don't trust. Verify."
Can't prove it? Can't verify it.
Can't verify it? Can't trust it.
I see a lot of people trying to make excuses for Ledger. Once Ledger's code gets hacked, they'll regret sticking with them.
The robber will just ask for the passphrase
Yer but this doesnt negate the issue of ledger having access to seed phrases
This is just cheating a masked robber 😂
Ledger does not have access to your seed phrase. Even if you use their recovery service, which I don't, it is encrypted and only you can initiate the restore process.
Well meaning but… beastly confusing because there is no standardization of terminology and/ or consistent use of said terminology.
Poorly communicated.
I went to great pains to explain the difference between the passphrase and the seed phrase. I also had longer a discussion about clarifying the terms: seed phrase, passphrase, password (for Ledger Live) and PIN for the device. I had to cut this discussion because the original video ran 50 minutes long! I always try to clarify myself when recording but end up having to trim a lot of my additional comments out during editing. I apologize if the end result was not a clear as it should have been
@@CryptoDad
I think you are making my point.
It is not a ‘seed phrase’. It is a ‘recovery phrase’. Throughout the talk you used language casually.
I did say, the effort was well intentioned.
Lastly, there seemed to be no structure to the content. It rambled.
:-)
Wondering if I should purchase Eth or Eth Classic for gas money to transfer Shib to PP? Thank you, @cryptodad!!
Excellent, I went with Eth.