Quote from: bodogb on February 14, 2021, 04:34:35 PM

Quote from: jerry0 on February 13, 2021, 10:55:01 PM

Also once i access my account, do you all recommend connecting it with the nano ledger s? So if you do that... is your waves in your waves.exchange wallet or is it in the nano ledger s? Thing is i have btc and bch in the nano ledger s.... but i never moved my waves to the nano ledger s because a while back, there wasn't this option... then there was this option but it seemed complicated because you seem to have to use one with the other.

So if you use it with the nano ledger s... is your nano ledger s SEED where your waves are? Or its still your waves SEED?

Thing is if you use it with the nano ledger s... its safer right because its in the nano ledger s? Im confused because i thought someone said your waves seed is still needed. So if thats the case, then how is it more safer having the waves in the nano ledger then? Can someone explain this?

Yes, it's definitely a good idea to use the Ledger, because it's a lot more secure.

To clear up some of the things here:
- Your Waves is on the blockchain, not in your wallet. To simplify it, it's a number on an account, for which you possess the private key to be able to spend it.
- When you work with an account which was generated by the Waves.Exchange app, then your private key is stored inside the application, which is not secure. Your seed (mnemonic words) is pretty much equivalent to your private key, whoever owns it owns your funds.
- When you store BTC, ETH, Waves or whatever on a Ledger then again your funds are technically not on the device, your private key is inside the device, which allows access to those funds. These keys can never leave the device, they are not visible by any means, this is the base of it's security. When you send coins to another account using a Ledger then it signs your transactions with the private key, without exposing it to the wallet software or anything on the outside.
- If your computer gets infected with malware then it can steal seed words or private keys copy-pasted trough the clipboard, and you'll lose your funds. This is not possible while using a Ledger.

When you connect the Ledger to Waves.Exchange it will generate a new wallet which is backed by the device, you can't connect it to an existing wallet due the above explained reasons. You will need to transfer your existing Waves to this new wallet, and from there your old seed won't be needed for anything.

Well right now, i could still log in to the waves.exchange with my seed right? The options are email, ledger or seed. So you suggest ledger? Thing is I have typed in my seed multiple times into the waves wallet... back when i had to use the new waves dex.... from the waves lite client... and then to the waves.exchange.