Post
Topic
Board Beginners & Help
Merits 5 from 2 users
Re: Hardware wallet for altcoins
by
TryNinja
on 05/07/2021, 17:40:03 UTC
⭐ Merited by DdmrDdmr (3) ,vapourminer (2)
Thanks for the explanation. I thought I couldn’t use that crypto with Ledger. Is it risky to use a 3rd party app for my ledger? If I'm using myetherwallet for example, I have to share my private key with them, isn’t it? If it is, I guess that's risky.
No, your private-keys never leave the device, which is the entire point of a hardware wallet.

All MyEtherWallet or other wallets will do is ask Ledger to sign a transaction, and then you can say yes or no.