Hi, I've watched all your instruction videos on bitcoins and they were really helpful for a newbie like me. I currently live in Canada and am planning to use Quadrigacx exchange. I am planning to purchase Ethereum and keep them for a long time so I am looking for a way to securely keep them. Through the search, I found out about the ledger nano s hardware wallet from your video and thought that it was just what I was looking for, a perfect, safe, long keeping wallet (thanks again). But now I have some questions for you, since you have used both the Quadrigacx and the ledger hardware wallet. 1. Is ETH transfer from Quadriga cx to the ledger wallet spontaneous? 2. Is there a transfer fee? 3. In your video you use the copay wallet, is that because direct transfer from Quadrigacx to ledger wallet is not possible? (Almost same question as #1) 4. If ledger website crashes (gets gone forever), will I still be able to use the wallet and the coins within the wallet? Im sorry Im bombarding you with questions, but please, your answers will help me out so much. Thanks!
Hey Park, thank you so much for watching my videos. I'm really glad they've helped you out so far. I can definitely answer your questions here. 1. As far as I know (at least the last time I checked) QuadrigaCX only sells bitcoin, and not ethereum. Because of this you'll have to use a service called shapeshift to change over your coins. The best way to do this is using either the Exodus wallet or Jaxx. I've got videos on both of them here: Exodus: ruclips.net/video/2sltZUm8hE4/видео.html Jaxx: ruclips.net/video/Wu7jsarwfa4/видео.html 2. For every bitcoin or cryptocurrency transaction there will be a fee that goes to the miners (the ones maintaining and verifying transactions on the network). This fee can vary depending on how busy the network itself is. Right now a bitcoin transaction can sometimes be $0.50 or $1.00, whereas any ethereum transaction will be less than a few cents. Also keep in mind that Shapeshift is a service, so you'd be paying a fee to convert from BTC to ETH. I'm unsure how their fee structure works. 3. You can directly transfer out of Quadriga into any wallet you like actually. I think I did that in the video just to show the transactions popping up on my phone, etc. Here's a video I made on basic sending/receiving across multiple platforms. Quadriga is at the end - but once you watch all the examples you should have a firm grasp how to do the same thing between any two platforms. ruclips.net/video/p-DhP6gN-9o/видео.html&t 4. If the ledger website were to disappear, which I don't think will happen anytime soon, yes you would still be able to access your funds. Now unfortunately I think this would mean that your device would no longer work... or at least it would no longer get any updates/security fixes. However, as long as you held onto your seed words from setup, you could put that phrase into another compatible wallet - a mobile/desktop/hardware wallet with the same encryption would do the trick. If you message ledger they will let you know what other wallets are compatible with their backup seeds. Hopefully this information was all helpful!
BTC Sessions Thanks so much for the kind reply! Quadrigacx did confirm via email and facebook official page that they do trade ETH/CAD as well. So direct transfer is not a problem between ledger hardware wallet and Quadriga cx exchange right? And is it common that there is a $1 service fee whether the exchange was with lots of money or small? Your videos and answers always clear all my answers I will share your channel with my friends that are interested in electronic currency! Thanks!
Oh that's good to know! I guess they must have just added ETH recently. Direct transfer should be no problem, and the miner's fee should be minimal (maybe a few cents). The main fee you'll be paying in this case is when you load money onto the exchange. I think Quadriga charges a small percentage - around 1%-1.5% depending on your funding method. Thanks again for watching, I'm glad to hear that my content makes sense!
Even though it looks cheaper than the keepkey when you take into account shipping from france and currency conversion it's basically the same price...If you are from the states it's the same price.
That was awesome. I like the fact that you can wipe it clean and recover it; so keeping that passphrase is not on the Internet. That old school security is best. They need the Nano and the piece of paper or whatever to transfer funds... cold storage is the way to go! On to you Keep Key Review... it’s been almost 2 years... are u a Nano or Keep Key guy or both?
Hi Ben, I really love your videos! I have learned so much from you. I am new to 'all of this' so you make it easy for someone who is Not a techie and being a Senior, it is not so easy to learn anymore. I just tried to order the Ledger Nano S and the reply said: 'they do not Ship to Toronto, Canada'! Can you tell which Hard wallet would be your second choice? Thx I also put the CoPay App on my phone and it came thru with USD and not CAD?
Hi Ben, I like you videos they are very Informative. And thanks for sharing your experiences with Safe Hardware devices. I have a question when you say "The wallet generates a new public address every time." Does this mean should I check every time somewhere, whenever I'm giving my public address to any one. Like my gmail address is a public key. Does the public key works on same line here. Or do I need to share new Public key for every new transaction after checking it somewhere. Please advice.
Hey there! What´s the best cold storage device for storing other altcoins such as those of exchanges (Poloniex, Bittrex..) ? What´s the capacity and how many different coins can it store?
I have a question for those who use Ledger Nano S, I have sent all my Bitcoin from my coinbase wallet to my Nano S. I have yet to send Bitcoin from my ledger but I noticed that when determining the amount to be sent it must be measured in Bitcoin not in Dollar amount. With coinbase I can determine the exact Dollar amount I wish to send and it automatically converts it into the exact Bitcoin amount. Is there a setting on Ledger Nano S that allows be to determine amounts to send in Dollars not Bitcoin?.....Thanks for your help!
Can I use this with any alt coin? And without sounding dumb, I know there are no physical coins, but if I took what I have on Binance, for example, and transferred to my nano, Binance should show balance of ZERO, and the nano will contain a key stating I have X amount of my alt coin? I hope that makes sense.
Is Ledger Nano S stand alone wallet? Or do I need a another desktop wallet to interface it with? I have Coinomi on my desktop.... Do I need to synchronise it with Ledger? Do I need Coinomi at all?
No problem! Hope it helps with your setup. Kudos for being concerned about security. Just a heads up, they have changed to a desktop app now, which I also did a video on. Just search "ledger live BTC Sessions" and it'll pop right up. Enjoy!
need something a little more explanatory. What was the google part about? Have to transfer to google to get to the device? don't understand. Seems like there was a process before this process. How many processes to actually get to the wallet?
Hey, yes there is a brief setup. I haven't done a video of this yet, but here's a link to the instructions on the Ledger website :) support.ledgerwallet.com/knowledge_base/topics/how-to-use-altcoins-with-your-nano-s
I have my bitcoin stored on my Coinbase wallet, I don’t really have a huge amount of bitcoin at the moment however if was to buy a larger amount in the future would you recommend buying this Ledger Nano S and storing my bitcoin on there rather than the Coinbase wallet? And would it not cost me fees to keep sending bitcoin from my Coinbase wallet to this physical Ledger Nano S? That’s the main thing I’m concerned about (getting charged fees constantly every time I send the bitcoins to the physical hardware from Coinbase) Thanks :)
This video was so useful bc now i know they take ETC which is another currency I was interested in w/this wallet. Thank you for making this video I'll leave a like and check some other content ya got xD
How does this connect to the coins network? Does it use a third party server? If it doesn't go direct to block chain isn't that not very secure or long term stable?.
Thanks for the tutorial. Are you aware if I am able to lock a file in the device, as in, it can be used by two people but each person can only access their own currency?!
Great video, l have ledger nano wallet that only save my 4 crytocurrency, what will you advise to save others crytocurrency because l have like 10 different crytocurrency. Does that mean l need to buy more ledger nano wallet? Will be happy for your recommendation
If I have bitcoins at let's say Xapo, once I configure my Ledger Nano S, do I need to move my bitcoins to Ledger Wallet Bitcoin app? If so, how do I do it? Also, if I want to buy or sell bitcoins, would I still need an account at Xapo?
Would you suggest I purchase one of these before my first £1000 investment into ETH, or will the Ether be okay on the exchange for a month or so whilst I save up for one of these?
honestly, the best and safest way to go about this is by investing in a company that will mine, trade and reinvest whatever crypto currencies you have for you. that's how i go about mine, all i do is to fund my wallet and after that i instruct the company to do whatever i want, either trading or mining and it will be handled by the company and when production is due and ready, i wait to cash out which will be sent directly to my wallet or local bank account. these done effortlessly, you can also go about yours the same way.
Hello, I have a question regarding the use of the Ledger Nano S: Is it possible to use it for several people ? Ex: I have crypto currencies on my Ledger Nano S. I convince my father to invest in crypto, he creates a trading account on Binance, CoinbasePro, Etoro ... to buy and trade some crypto. We use my Ledger Nano S to secure its crypto on the blockchain. Does it work or will he needs a Ledger Nano S ? Thank you
Does the Ledger software allow you to view balances and generate receive addresses when the device is not connected? Does their software allow xpub export?
What if i do some small trading should i only transfsr to an exchange ONLY when im home ready to trade? And why do they say to possibly buy 2 or more as a backup ?
Dumb question - if you're buying crypto currency on an exchange like Coinbase, do you then just send that crypto currency to yourself to your hardware wallet for secure storage vs. storage on the currency exchange? Thank you.
Thomas, Yes. That is correct. I usually (In my ledger nano), copy my receive address to my clipboard then on the exchange paste the address where they want me specify where to send. When you copy and paste always double check to confirm you've pasted the correct address. I usually take a second to check just the first few characters and the last few characters if its just small amounts of crypto.
Does it only ask you to confirm the amount you're sending and not the recipient? Doesn't that make it possible for a PC malware to hijack the transaction to a different address?
@ BTC Sessions i have a question is the Ledger Nano S compatible with 32Bit Windows OS or 64Bit Windows OS or both 32Bit and 64Bit Operating Systems... ???
so say I have 1 bitcoin, I can transfer this onto the ledger nano S. As the price of bitcoin rises and falls will that reflect on the nano? I want to transfer my coins on it, however I want to be able to continue to make money and buy/sell. Can I do this with the nano or is this an item for once I sell the coins, I transfer it into the nano? Thanks
How do I record a paper wallet incase I lose my device ? How do I record my private keys? Is my backup phrase only good for one device or can I buy another nano S and use my seed phrase to get back into my account.
It s this really necessary if i am afraid of stealing???And my main questons is what should i do if i don t have btc/eth and i got other stuff like neo,xem which wallet should i use?
since this video, the nano s has started supporting a bunch of other coins. has your nano s been updated? how do you feel about a hardware wallet that requires/offers firmware updates? does that feel secure to you? what wallet would you use to hold your dash (via the nano s)?
Yes I updated my Nano S just last week and started playing around with the additional wallets. I quite like the update, though I had to put in my seed phrase again, which can be a bit of a pain. I use the Chrome app to store my coins on the Nano S. I've also got Mycelium set up with it too.
thanks man, really appreciate the benefit your experience. have you tried the ledger blue yet? if so would you say it offers more enough in terms of functionality (rather than just looking good) to justify the price over the nano s?
This is one piece of hardware I'd love to get my hands on. I feel like it would be super convenient with the touch screen. I'll definitely do a video if I grab one!
HOW LONG IT TAKES TO GET LEDGER WALLET FROM THEIR WEBSITE, IS THERE ANY OTHER TRUSTED SOURCE TO BUY THEM IN CANADA? DO THEY CHARGE CUSTOM DUTY IF I ORDER IT FROM THEIR WEBSITE?
ankur jha i ordered mine a few days ago and DHL is saying it'll be with me in 3 days - so approx a week since order. Straight from Ledger website too. I believe they have warehouses (dependent on where you live)
I can't view my wallet content using the nano S. Where are the bitcoins in this case and how do i get them back? I ve deleted the chrome app extension and reinstalled but still can not get into the nano s. How can one find out where the bitcoin are if you can not assess the nano S?
Where is the link you mentioned for "Co-Pay" I am 56 years old and this is SCARY. I set up my Nano BUT how to I send it to my NANO? I use Coinable and Binance. I'm lost?
Luv ur channel and am subcribed,have question,i bought nano s online but it arrived with no seal...what is to stop the sender from memorising the 24 word backup and using it against the new owner?
That's strange indeed. Where did you order your Nano S from? When you plug the device in, it will give you the option to recover a wallet or start a new one. When you start a new one, this would be different from any wallet that had been previously used by the device IF someone has used it before. That being said my only concern is that the device itself was tampered with. Knowing where it was ordered from might help me make a better judgement call though.
Hi Thank you for your reply.I bought it on Ebay and it came from the UK..there was a card in the box which says "did you notice there is no anti-tampering sticker on this box." are the nano s sent out without stickers now do you think?
The nano ledger S doesn't charge fees to send and receive? Does the company recommend a exchange to use? Some are pretty sketchy. Coinbase seems legit.
Mr. V when you send and recieve the only fee you ever pay is a miner fee, which is chosen by you and applies to the entire Bitcoin network. It doesn't go to Ledger (or the creator of any wallet that you use for the matter). Where you get your BTC can vary based on where you're from. Coinbase is a decent option if you're in the US. I would also check out Gemini. Just make sure you move your coins to your own wallet after you buy them.
Hi Ben, while you have cryptos stored on these devices, do their values still fluctuate with the present market? If so, wouldn't you run out of room if your cryptos were going up? Thx.
Hey David, yes the value would indeed still fluctuate. You can think of it as if you were to store a brick of gold somewhere. Even if you bury it in your backyard, the value of that gold can vary depending on supply & demand. As far as running out of room, that could never happen. Your device could store any amount of cryptocurrency. It wouldn't make a difference if you had $5 of BTC or $20 billion.
Thanks Ben, appreciate your help. I just watched your video on paper wallets. Do I need to buy a separate computer just to create a paper wallet? I've got a nano s coming around june 23rd but would like to get some funds put into safety. Am I to assume that when these currencies are in a hard or paper wallet they can't be exchanged or day traded so to speak?
Why are Nano S's sooooo expensive in Canada? Is there somewhere I'm not looking that sells them roughly the same price as in Europe? Amazon says $600+...that can't be right, considering they're €58!!! Help a brother out :)
Hello! I have my recovery phrase but can't seem to get the pin correct. Im afraid of losing my funds, can I still get in with just the recovery phrase?
Is Ledger Nano S supporting just those alt coins: Ethereum, Dash, Lite Coin, Dogecoin, Stratis and Zcash? If yes, where do I store my other alt coins like XEM, NEM, Siacoin etc.?
so cool the nano s, trezor is a bit more quick since you are not forced to put a pin if you dont want, also in case you want put a pin, there is a blind pad in the computer screen, so its "anti keylogger", Maybe at nano s they just though its much more safe to force people to put the pin everytime, takes 30 seconds and reduces posible complains on stupid people losing the device. i really liked the nano s! i would have put a 5 digit pin for extra safety, but i guess 3 out of 9999 must be enough, thats 0.03% success rate. An extra button for confirm rather than a combination would had been a nice implementation too, the simpler the better, always.
The recovery phrase that you're given is randomly generated by the device and not pre-determined by the company. Also the key will never leave the device even when you sign transactions - the device is able to mathematically prove that it holds your private key without ever sending it to your phone or computer.
With this site you are given the 12 words, though I believe there are ways to choose the phrase yourself via alternative means. The thing is that there is a set list of acceptable words based on the method through which you create your wallet. Also sometimes choosing your own words may be less secure/easier for an attacker to guess.
You technically could create a paper wallet via bitaddress.org, then encrypt it and put it on a thumb drive. I enjoy the convenience of this hardware - plug in and go. I can use it with my android phone as well, along with a good handful of compatible wallets. The thumb drive wouldn't be capable of that unless you essentially coded your own software. You don't have to sync the whole blockchain. Ledger hosts servers with full copies of the blockchain. The same would be true of KeepKey, Trezor, etc, as well as most light-weight mobile clients like Copay and Mycelium. You're relying on their copy of the blockchain. If you don't trust them you can always run a node at home and verify yourself - though it would take some technical know-how.
So question. Everyone says sending bitcoin is so cheap and that is a benifit, but why is it so expensive for me? I have sent money from purse to coin base and on a 100 dollar transaction its liek 30 bucks! What is going on?
Dont send from coin base send from GDAX. Oh a purse? like google wallet? Yikes yeah they probably dont have that set up so well yet.. go to your bank send a wire transfer cost 10$ and if you send it before 1130 am it will show up in coinbase later that evening. or you can send it through your bank the slower way sorry I for get the other name but it takes 4-5 days but it is free. When sending funds Gdax I believe it is 1.3% not 3% but even so 1.3% is still high i think for crypto.., paypal is 3% to receive and 5% to send out of the country, but you can send funds through paypal as friends/family for like 50 cent for around 1000 its how i send money to my factories in china to save the wire cost the bank charges me which is 50$ every time no matter the amount. Fucking banks have a license to steal..
hey maybe you can help I have two ledger nano s's and neither of them will let me send any bitcoins to another wallet. even between the two wallet I cannot sends bitcoins from one ledger to the other. basically any money is stuck on this stupid device. it lets me get all the way up to the point of verifying the transaction on the ledger device. after that on the computer pops up unable to send or something of that sort. sooooo frustrating!!!
Really helpful. This certainly took away my scares since I have already entered wrong pin twice and waiting not knowing what I do next
Jealous of everyone who left comments when this video was published in 2016 - I assume you're all retired now?
The "$5" he sent are worth $425 today
no? 0.00476 BTC is worth $71 What calculator are you using? i suggest throwing it in the trash lol
Hahaa, so true freaking jealous man !
karma police i dont think you understand how this works lol, 5 dollors worth of bitcoin back when bitcoin was 100$ is not = .00476 bitcoin.
And people will be saying this about you next year!
Hi, I've watched all your instruction videos on bitcoins and they were really helpful for a newbie like me.
I currently live in Canada and am planning to use Quadrigacx exchange.
I am planning to purchase Ethereum and keep them for a long time so I am looking for a way to securely keep them.
Through the search, I found out about the ledger nano s hardware wallet from your video and thought that it was just what I was looking for, a perfect, safe, long keeping wallet (thanks again).
But now I have some questions for you, since you have used both the Quadrigacx and the ledger hardware wallet.
1. Is ETH transfer from Quadriga cx to the ledger wallet spontaneous?
2. Is there a transfer fee?
3. In your video you use the copay wallet, is that because direct transfer from Quadrigacx to ledger wallet is not possible? (Almost same question as #1)
4. If ledger website crashes (gets gone forever), will I still be able to use the wallet and the coins within the wallet?
Im sorry Im bombarding you with questions, but please, your answers will help me out so much.
Thanks!
Hey Park, thank you so much for watching my videos. I'm really glad they've helped you out so far. I can definitely answer your questions here.
1. As far as I know (at least the last time I checked) QuadrigaCX only sells bitcoin, and not ethereum. Because of this you'll have to use a service called shapeshift to change over your coins. The best way to do this is using either the Exodus wallet or Jaxx. I've got videos on both of them here:
Exodus:
ruclips.net/video/2sltZUm8hE4/видео.html
Jaxx:
ruclips.net/video/Wu7jsarwfa4/видео.html
2. For every bitcoin or cryptocurrency transaction there will be a fee that goes to the miners (the ones maintaining and verifying transactions on the network). This fee can vary depending on how busy the network itself is. Right now a bitcoin transaction can sometimes be $0.50 or $1.00, whereas any ethereum transaction will be less than a few cents. Also keep in mind that Shapeshift is a service, so you'd be paying a fee to convert from BTC to ETH. I'm unsure how their fee structure works.
3. You can directly transfer out of Quadriga into any wallet you like actually. I think I did that in the video just to show the transactions popping up on my phone, etc. Here's a video I made on basic sending/receiving across multiple platforms. Quadriga is at the end - but once you watch all the examples you should have a firm grasp how to do the same thing between any two platforms.
ruclips.net/video/p-DhP6gN-9o/видео.html&t
4. If the ledger website were to disappear, which I don't think will happen anytime soon, yes you would still be able to access your funds. Now unfortunately I think this would mean that your device would no longer work... or at least it would no longer get any updates/security fixes. However, as long as you held onto your seed words from setup, you could put that phrase into another compatible wallet - a mobile/desktop/hardware wallet with the same encryption would do the trick. If you message ledger they will let you know what other wallets are compatible with their backup seeds.
Hopefully this information was all helpful!
BTC Sessions Thanks so much for the kind reply!
Quadrigacx did confirm via email and facebook official page that they do trade ETH/CAD as well.
So direct transfer is not a problem between ledger hardware wallet and Quadriga cx exchange right?
And is it common that there is a $1 service fee whether the exchange was with lots of money or small?
Your videos and answers always clear all my answers
I will share your channel with my friends that are interested in electronic currency!
Thanks!
Oh that's good to know! I guess they must have just added ETH recently. Direct transfer should be no problem, and the miner's fee should be minimal (maybe a few cents).
The main fee you'll be paying in this case is when you load money onto the exchange. I think Quadriga charges a small percentage - around 1%-1.5% depending on your funding method.
Thanks again for watching, I'm glad to hear that my content makes sense!
BTC Sessions Thanks for the answer again! One last question is where did you purchased it? I saw one in amazon 169cad.
I actually got mine directly from the Ledger website :)
Really excellent video man. You're a great communicator. Thank you.
this guy is a great teacher
Not really. Why would he wipe the device he just sent BTC to? WTF?
He resent it back OLC
Ordered one today. There must be a shortage here in Australia, delivery is not until July 2017 (4 to 5 week wait)!
You should have opted for the large size sunglasses.
Even though it looks cheaper than the keepkey when you take into account shipping from france and currency conversion it's basically the same price...If you are from the states it's the same price.
The best intro video I've watched,thank you.Just bought one.^^
No problem David! Let me know how you like it :)
That was awesome. I like the fact that you can wipe it clean and recover it; so keeping that passphrase is not on the Internet. That old school security is best. They need the Nano and the piece of paper or whatever to transfer funds... cold storage is the way to go! On to you Keep Key Review... it’s been almost 2 years... are u a Nano or Keep Key guy or both?
Hi Ben, I really love your videos! I have learned so much from you. I am new to 'all of this' so you make it easy for someone who is Not a techie and being a Senior, it is not so easy to learn anymore. I just tried to order the Ledger Nano S and the reply said: 'they do not Ship to Toronto, Canada'! Can you tell which Hard wallet would be your second choice? Thx I also put the CoPay App on my phone and it came thru with USD and not CAD?
Hi Ben, I like you videos they are very Informative. And thanks for sharing your experiences with Safe Hardware devices.
I have a question when you say "The wallet generates a new public address every time." Does this mean should I check every time somewhere, whenever I'm giving my public address to any one.
Like my gmail address is a public key. Does the public key works on same line here. Or do I need to share new Public key for every new transaction after checking it somewhere.
Please advice.
Great video. Quick newbie question: Do I use the HEX or IBAN address to receive ETH from my Coinbase account?
Nice and simple video. I will definitely consider picking this up....pending one question?
Can you store other crypto currencies (like digibyte, etc.)
Hi, I am planning to buy my first bitcoin, is the nano x enough to store bitcoins and other cryptocurrencies?
Hey there! What´s the best cold storage device for storing other altcoins such as those of exchanges (Poloniex, Bittrex..) ? What´s the capacity and how many different coins can it store?
I have a question for those who use Ledger Nano S, I have sent all my Bitcoin from my coinbase wallet to my Nano S. I have yet to send Bitcoin from my ledger but I noticed that when determining the amount to be sent it must be measured in Bitcoin not in Dollar amount. With coinbase I can determine the exact Dollar amount I wish to send and it automatically converts it into the exact Bitcoin amount. Is there a setting on Ledger Nano S that allows be to determine amounts to send in Dollars not Bitcoin?.....Thanks for your help!
Interested to here your thoughts on the new Ballet wallet coming soon.
So can I use only the official Ledger apps (Wallets) ?
What if if they're gone, all money gone?
Can I use this with any alt coin? And without sounding dumb, I know there are no physical coins, but if I took what I have on Binance, for example, and transferred to my nano, Binance should show balance of ZERO, and the nano will contain a key stating I have X amount of my alt coin? I hope that makes sense.
Can someone explain why the nano only cost 82 dollars if you buy it from NANO S website but it cost 125 dollars on amazon and 160 dollars on ebay?
Ken Wong it’s called high demand
No
Awsome, quick question, im no computer bof. Can you incript a external usb, aswell, is that safe?
Wicked tutorial love your city We were there past summer. Im definitely going to invest in one of these .
so if you lose the ledge you just Need the 24 words to Import into a new ledger and all Bitcoins are safe again?
Correct :) They were never "unsafe" if your didn't had a note with your 24 words written on attached to it. ;)
Is Ledger Nano S stand alone wallet? Or do I need a another desktop wallet to interface it with? I have Coinomi on my desktop.... Do I need to synchronise it with Ledger? Do I need Coinomi at all?
Wow! What an excellent tutorial! Thanks for sharing.
No problem! Hope it helps with your setup. Kudos for being concerned about security.
Just a heads up, they have changed to a desktop app now, which I also did a video on. Just search "ledger live BTC Sessions" and it'll pop right up. Enjoy!
need something a little more explanatory. What was the google part about? Have to transfer to google to get to the device? don't understand. Seems like there was a process before this process. How many processes to actually get to the wallet?
Does this mean I can store both, BTC and Etherum in one ledger nano wallet at the same time with the same security words and the same passcode ?
So, can you receive bitcoins while the ledger nano is not connected to the internet?
will c - you need an internet to operate
The ledger will provide an address to send or receive
Not sure if you have set up the Nano S for Litecoin but was hoping to see a video for the different Altcoins. Thanks
Hey, yes there is a brief setup. I haven't done a video of this yet, but here's a link to the instructions on the Ledger website :)
support.ledgerwallet.com/knowledge_base/topics/how-to-use-altcoins-with-your-nano-s
Solid info and straight forward tutorial I thought.
I have my bitcoin stored on my Coinbase wallet, I don’t really have a huge amount of bitcoin at the moment however if was to buy a larger amount in the future would you recommend buying this Ledger Nano S and storing my bitcoin on there rather than the Coinbase wallet? And would it not cost me fees to keep sending bitcoin from my Coinbase wallet to this physical Ledger Nano S? That’s the main thing I’m concerned about (getting charged fees constantly every time I send the bitcoins to the physical hardware from Coinbase)
Thanks :)
thx..just bought the older one.
This video was so useful bc now i know they take ETC which is another currency I was interested in w/this wallet.
Thank you for making this video I'll leave a like and check some other content ya got xD
Can you take a small portion of your bitcoins off not the total?
Thanks Bro!!!!
Thanks mate. Can you store all tokens that ride on ETH block chain on this bad boy as well?
How does this connect to the coins network? Does it use a third party server? If it doesn't go direct to block chain isn't that not very secure or long term stable?.
What are the fees when you send btc out to an exchange or anywhere? please share. Thanks!
Can people use keylogger on this ledger? They said the original ledger was vulnerable to keyloggers as opposed to keepkey or trezor
Thank you. This was simple and well explained!! Thanks :)
Thanks for the tutorial. Are you aware if I am able to lock a file in the device, as in, it can be used by two people but each person can only access their own currency?!
Great video, l have ledger nano wallet that only save my 4 crytocurrency, what will you advise to save others crytocurrency because l have like 10 different crytocurrency. Does that mean l need to buy more ledger nano wallet? Will be happy for your recommendation
If I have bitcoins at let's say Xapo, once I configure my Ledger Nano S, do I need to move my bitcoins to Ledger Wallet Bitcoin app? If so, how do I do it? Also, if I want to buy or sell bitcoins, would I still need an account at Xapo?
Would you suggest I purchase one of these before my first £1000 investment into ETH, or will the Ether be okay on the exchange for a month or so whilst I save up for one of these?
honestly, the best and safest way to go about this is by investing in a company that will mine, trade and reinvest whatever crypto currencies you have for you. that's how i go about mine, all i do is to fund my wallet and after that i instruct the company to do whatever i want, either trading or mining and it will be handled by the company and when production is due and ready, i wait to cash out which will be sent directly to my wallet or local bank account. these done effortlessly, you can also go about yours the same way.
Hello, I have a question regarding the use of the Ledger Nano S:
Is it possible to use it for several people ?
Ex: I have crypto currencies on my Ledger Nano S. I convince my father to invest in crypto, he creates a trading account on Binance, CoinbasePro, Etoro ... to buy and trade some crypto. We use my Ledger Nano S to secure its crypto on the blockchain.
Does it work or will he needs a Ledger Nano S ?
Thank you
Does the Ledger software allow you to view balances and generate receive addresses when the device is not connected? Does their software allow xpub export?
Thanks for the tutorial! Bought one.
What if i do some small trading should i only transfsr to an exchange ONLY when im home ready to trade? And why do they say to possibly buy 2 or more as a backup ?
See, I am still watching your stuff! lol
Can you store other Coins apart from BTC and ETH on the Nano? Thanks!
Dumb question - if you're buying crypto currency on an exchange like Coinbase, do you then just send that crypto currency to yourself to your hardware wallet for secure storage vs. storage on the currency exchange? Thank you.
Thomas, Yes. That is correct. I usually (In my ledger nano), copy my receive address to my clipboard then on the exchange paste the address where they want me specify where to send. When you copy and paste always double check to confirm you've pasted the correct address. I usually take a second to check just the first few characters and the last few characters if its just small amounts of crypto.
Can you only store BTC and ETH? What about LTC, Monero, Ripple, Etc?
Cameron Haleen same question I'm wondering about 🤔
Ripple dash and bunchand some altcoins but didnt see monero
Does it only ask you to confirm the amount you're sending and not the recipient? Doesn't that make it possible for a PC malware to hijack the transaction to a different address?
@ BTC Sessions i have a question is the Ledger Nano S compatible with 32Bit Windows OS or 64Bit Windows OS or both 32Bit and 64Bit Operating Systems... ???
Do you have any insight on loading komodo onto the ledger nano s?
what happens when you plug it in and there is no light. the unit is dead. How do you get the wallet back?
After opening the application, what could be the reason for the wallet not to launch after entering the pin code?
Help...for some reason the ripple desktop app does not connect with my ledger s...why?
so say I have 1 bitcoin, I can transfer this onto the ledger nano S. As the price of bitcoin rises and falls will that reflect on the nano? I want to transfer my coins on it, however I want to be able to continue to make money and buy/sell. Can I do this with the nano or is this an item for once I sell the coins, I transfer it into the nano? Thanks
is there transaction fee for the transfer to and from ledger wallet?
How do I record a paper wallet incase I lose my device ? How do I record my private keys? Is my backup phrase only good for one device or can I buy another nano S and use my seed phrase to get back into my account.
None of these types of videos explain this process for altcoins like Ethos, Vechain, Quantstamp, Cardano. How do these work with a ledger nano s?
How does it compare now to newer devices?
It s this really necessary if i am afraid of stealing???And my main questons is what should i do if i don t have btc/eth and i got other stuff like neo,xem which wallet should i use?
I'd like to see how to store Litecoin and other ER-20's.
since this video, the nano s has started supporting a bunch of other coins. has your nano s been updated? how do you feel about a hardware wallet that requires/offers firmware updates? does that feel secure to you? what wallet would you use to hold your dash (via the nano s)?
Yes I updated my Nano S just last week and started playing around with the additional wallets. I quite like the update, though I had to put in my seed phrase again, which can be a bit of a pain.
I use the Chrome app to store my coins on the Nano S. I've also got Mycelium set up with it too.
thanks man, really appreciate the benefit your experience. have you tried the ledger blue yet? if so would you say it offers more enough in terms of functionality (rather than just looking good) to justify the price over the nano s?
This is one piece of hardware I'd love to get my hands on. I feel like it would be super convenient with the touch screen. I'll definitely do a video if I grab one!
Do you need to use this with a computer thats never been connected to the internet like when making a paper wallet?
bought currency directly from the Exchange entering my address from the Nano Ledger S, but do not receive the coins. What to do?
What the "Amount" means under "recive bitcoin"? thanks
is there a fee when uploading money to your ledger from copay?
HOW LONG IT TAKES TO GET LEDGER WALLET FROM THEIR WEBSITE, IS THERE ANY OTHER TRUSTED SOURCE TO BUY THEM IN CANADA? DO THEY CHARGE CUSTOM DUTY IF I ORDER IT FROM THEIR WEBSITE?
ankur jha i ordered mine a few days ago and DHL is saying it'll be with me in 3 days - so approx a week since order. Straight from Ledger website too. I believe they have warehouses (dependent on where you live)
Dirty Needlez thanks
amazon
obvious question from newbie : how do i get from my GBP bank account to BTC or ETH ?!?
I can't view my wallet content using the nano S. Where are the bitcoins in this case and how do i get them back? I
ve deleted the chrome app extension and reinstalled but still can not get into the nano s. How can one find out where the bitcoin are if you can not assess the nano S?
Where is the link you mentioned for "Co-Pay" I am 56 years old and this is SCARY. I set up my Nano BUT how to I send it to my NANO? I use Coinable and Binance. I'm lost?
Luv ur channel and am subcribed,have question,i bought nano s online but it arrived with no seal...what is to stop the sender from memorising the 24 word backup and using it against the new owner?
That's strange indeed. Where did you order your Nano S from?
When you plug the device in, it will give you the option to recover a wallet or start a new one. When you start a new one, this would be different from any wallet that had been previously used by the device IF someone has used it before.
That being said my only concern is that the device itself was tampered with. Knowing where it was ordered from might help me make a better judgement call though.
Hi Thank you for your reply.I bought it on Ebay and it came from the UK..there was a card in the box which says "did you notice there is no anti-tampering sticker on this box." are the nano s sent out without stickers now do you think?
Yes actually that is 100% the case. I do recall getting that with mine now that you say it.
The nano ledger S doesn't charge fees to send and receive? Does the company recommend a exchange to use? Some are pretty sketchy. Coinbase seems legit.
Mr. V when you send and recieve the only fee you ever pay is a miner fee, which is chosen by you and applies to the entire Bitcoin network. It doesn't go to Ledger (or the creator of any wallet that you use for the matter).
Where you get your BTC can vary based on where you're from. Coinbase is a decent option if you're in the US. I would also check out Gemini. Just make sure you move your coins to your own wallet after you buy them.
Hi Ben, while you have cryptos stored on these devices, do their values still fluctuate with the present market? If so, wouldn't you run out of room if your cryptos were going up? Thx.
Hey David, yes the value would indeed still fluctuate. You can think of it as if you were to store a brick of gold somewhere. Even if you bury it in your backyard, the value of that gold can vary depending on supply & demand.
As far as running out of room, that could never happen. Your device could store any amount of cryptocurrency. It wouldn't make a difference if you had $5 of BTC or $20 billion.
Thanks Ben, appreciate your help. I just watched your video on paper wallets. Do I need to buy a separate computer just to create a paper wallet? I've got a nano s coming around june 23rd but would like to get some funds put into safety. Am I to assume that when these currencies are in a hard or paper wallet they can't be exchanged or day traded so to speak?
Hi, where did you get Ledger Nano S in Canada? Thanks
Thank you for this great video! :)
Anybody know what the max amount of coins you can store on this ledger Nano?
Ok what about if this hardware crashed?? Which i mean if i lost it or crashed so what can I do??
Why are Nano S's sooooo expensive in Canada? Is there somewhere I'm not looking that sells them roughly the same price as in Europe? Amazon says $600+...that can't be right, considering they're €58!!! Help a brother out :)
Hello! I have my recovery phrase but can't seem to get the pin correct.
Im afraid of losing my funds, can I still get in with just the recovery phrase?
where do you download the wallets that you have on the computer? the ledger wallets that you downloaded to use with the ledger. thanx
chrome store
I installed the app connected the ledger but the app will not open up. Any idea what's wrong?
Is Ledger Nano S supporting just those alt coins: Ethereum, Dash, Lite Coin, Dogecoin, Stratis and Zcash? If yes, where do I store my other alt coins like XEM, NEM, Siacoin etc.?
Miyum3 online wallets currently
What do I do if lose my hardware wallet
so cool the nano s,
trezor is a bit more quick since you are not forced to put a pin if you dont want,
also in case you want put a pin, there is a blind pad in the computer screen, so its "anti keylogger",
Maybe at nano s they just though its much more safe to force people to put the pin everytime, takes 30 seconds and reduces posible complains on stupid people losing the device.
i really liked the nano s! i would have put a 5 digit pin for extra safety, but i guess 3 out of 9999 must be enough, thats 0.03% success rate.
An extra button for confirm rather than a combination would had been a nice implementation too, the simpler the better, always.
Did I understand right 01:40 min? We'll be given a recovery phrase which is choosen by Ledger?
The recovery phrase that you're given is randomly generated by the device and not pre-determined by the company. Also the key will never leave the device even when you sign transactions - the device is able to mathematically prove that it holds your private key without ever sending it to your phone or computer.
Are you able to choose the 12 words or are you forced to accept 12 words that you're given by the device?
With this site you are given the 12 words, though I believe there are ways to choose the phrase yourself via alternative means. The thing is that there is a set list of acceptable words based on the method through which you create your wallet. Also sometimes choosing your own words may be less secure/easier for an attacker to guess.
How many currencies are supported ? Where can I get a list ?
there are up to 180, are you looking into investing?
And what's the difference to a normal USB stick? Also, do I have to sync the whole 100+ GB blockchain onto that, or how does this work?
You technically could create a paper wallet via bitaddress.org, then encrypt it and put it on a thumb drive. I enjoy the convenience of this hardware - plug in and go. I can use it with my android phone as well, along with a good handful of compatible wallets. The thumb drive wouldn't be capable of that unless you essentially coded your own software.
You don't have to sync the whole blockchain. Ledger hosts servers with full copies of the blockchain. The same would be true of KeepKey, Trezor, etc, as well as most light-weight mobile clients like Copay and Mycelium. You're relying on their copy of the blockchain. If you don't trust them you can always run a node at home and verify yourself - though it would take some technical know-how.
I do like your intros
Thanks! I find it fun to give the videos a little bit of scenery :)
Finally got my ledger as well, VIRES IN NUMERIS
Awesome, I hope you like it!
Wow, you really have to work hard to store your Cryptos
So question. Everyone says sending bitcoin is so cheap and that is a benifit, but why is it so expensive for me? I have sent money from purse to coin base and on a 100 dollar transaction its liek 30 bucks! What is going on?
Dont send from coin base send from GDAX. Oh a purse? like google wallet? Yikes yeah they probably dont have that set up so well yet.. go to your bank send a wire transfer cost 10$ and if you send it before 1130 am it will show up in coinbase later that evening. or you can send it through your bank the slower way sorry I for get the other name but it takes 4-5 days but it is free.
When sending funds Gdax
I believe it is 1.3% not 3% but even so 1.3% is still high i think for crypto.., paypal is 3% to receive and 5% to send out of the country, but you can send funds through paypal as friends/family for like 50 cent for around 1000 its how i send money to my factories in china to save the wire cost the bank charges me which is 50$ every time no matter the amount. Fucking banks have a license to steal..
how do i transfer my bitcoin from coinbase to my Ledger nano? thanks
If I have my bitcoin core wallet on my laptop, how can I move it to my ledger nano s? or am I missing something here
hey maybe you can help I have two ledger nano s's and neither of them will let me send any bitcoins to another wallet. even between the two wallet I cannot sends bitcoins from one ledger to the other. basically any money is stuck on this stupid device. it lets me get all the way up to the point of verifying the transaction on the ledger device. after that on the computer pops up unable to send or something of that sort. sooooo frustrating!!!
Thanks for vidéo! from france :)
can you buy cryptos with this?