Post
Topic
Board Beginners & Help
Re: Ledger, safe or not?
by
Coyster
on 23/08/2023, 18:43:20 UTC
What is your verdict? Safe? Avoid?
Avoid if you are just about buying a new hardware wallet. As for safe, if you were already using Ledger before they announced the Ledger recovery service, you might just continue using it as you have been doing so, but of course without 'subscribing' to the new Ledger recovery service, but whenever you decide to get a new hardware wallet, you should ditch Ledger for a different brand; because there is then no reason to continue using it.
But any hardware wallet service can deploy a new software update and take your keys as most people do not know how to verify the source even if it is open.
If it is open source and you can't verify the code yourself, i think you should at least wait for others who can to verify it and see if there are complaints about bugs/malicious lines before you update yours.