Post
Topic
Board Hardware wallets
Merits 1 from 1 user
Re: My worries with ledger
by
LoyceV
on 07/07/2023, 14:28:19 UTC
⭐ Merited by DireWolfM14 (1)
I have a ledger nano s but I don't feel secure anymore
I never felt secure with any hardware wallet. To me, it's a black box and I can't possibly know what's really happening inside. So I only used it as "intermediate" wallet, for amounts somewhere between hot wallets and cold storage.

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I feel paranoid.
Too little too late Tongue Truely paranoid people (like me) wouldn't have trusted any third party device in the first place.

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Everyday I wake up and check my phone where I have a watch only installed and before the wallet loads I feel I will see an outbound transaction is just loading but it does not and my coins are there. I feel better.

What will be your suggestions?
Move your funds out of there! I've been there, feeling unsecure, when I couldn't find a paper wallet years ago. I had a backup, but it didn't feel safe until I moved the funds. So move. Crypto storage is supposed to be safe enough to be able to trust your own setup.

The next big scandal will be this: Breaking news! Ledger Recover data leak! Millions of users lost their coins.
Followed by: "Ledger denies all blame."