Post
Topic
Board Hardware wallets
Re: Ledger Live Update and Firmware Update?
by
jerry0
on 22/09/2024, 21:46:12 UTC
I have been doing self custody for a while already.  When I moved the coins to ledger, I felt much more comfortable than having it in a hot wallet.


The thing is I want to keep my coins in ledger.  I don't want to move it to another hardware wallet.  I'm concerned if I get say a Trezor, I will mess up somewhere along the way.  If I do get a trezor, I obviously would test sending a small amount from ledger and reset the trezor few times and make sure it's correct before I send coins from ledger.  The thing is I just don't want to move from ledger.


So you think there is extraction firmware even on the nano ledger s then?  Yes you are correct we don't know because it's closed source.  I recall you said you it took you several months to think about what to do and in the end, you went with another hardware wallet.  You said you felt like if something was going to happen, it wasn't going to happen soon.  So during that entire time when you were learning and researching on what to do, were you nervous a bit or not really since your coins was in the ledger?  I forgot to ask you but you have a nano ledger s plus or x or another ledger device?


Okay so if I have no plans to move my coins from ledger, at least don't update the firmware from 1.1.0 to 1.1.2 correct?  There is no benefit to it from your perspective right?  However, if you don't keep your firmware updated, there is security issues and things you have to worry about though right?  So it's like if you do firmware update, now you exposing yourself more.  But if you don't, well you might have security issues if using old firmware?  But you say the 1st option of what you suggest of not updating firmware is still better since you won't have recover option on it right?


Did you give an amount of time before you said you had to make a decision?  I remember you said it took you months.  So would you say it's fine just don't update firmware... but what if I have to do a transaction then and ledger live doesn't allow me to do a transaction then?  Either don't do the transaction or use electrum with it then? 


As of now, I do open ledger live from time to time.  I already updated that not long ago but you say don't use that either?