Bitcoin wallet's & the ledger nano s

Oneleg

Member
OPAL SPONSOR
Joined
Sep 14, 2019
Messages
67
Hi guys and gals I am new I wanted to introduce myself in the proper form but it will have to take a second seat for now. As It seems I really need to get my donation squared away first. I have purchased my first bitcoins on coinbase and was going to use electrum for my wallet. But I truly have a hard time trusting all this especially after reading the reviews for electrum download for android and thought to myself. Should I get this thing called a ledger nano s witch looks like a thumb drive but my understanding is it becomes your wallet & you can't lose your bitcoin assuming you still have the device. I'm really looking forward to hearing from you who have any thoughts on this ? I'm not very good with computers and if u guys think this  ledger nano s will further complicate things maybe it's not good idea. I just don't want to lose any extra $ because some application won't work or in 3rd party fees. Please let me know what you're thoughts are sory for the long rant. 

 
Never had any problem with Electrum on Android. Update when needed and you'll probably be fine. If you want to hold large amounts of crypto the ledgers are well known. I do not use one, but if you decide to buy one get it directly from manufacturer. Many reports of resellers stealing peoples' BTC with modified firmware on the ones they sell.

 
Hi Oneleg, late answer but here it is anyway!

If you want to have several cryptocurrencies, the Nano is great and pretty easy to use. It is very secure because your pin/password is entered on the device, meaning it can't be seen nor entered from your pc that may have spyware/viruses/hackers and the like. If you lose it, you can still use a pass-phrase to get your wallets back no problem.

That being said, I would just start out with a wallet like electrum, Especially if just using bitcoin and only one wallet.

 
There are several alternative devices and clearly more will come as the crypto world is slowly accepted more mainstream.

However, if you are new to Bitcoin, then unless you plan on keeping them any length of time, it's not a necessary expense IMO, as your buy and sell will be almost simultaneous, or within a day or 3 of each other. 

So since I assume you don't plan on speculating, (which holding would effectively be) Electrum should be fine for your initial needs.

 
Last edited by a moderator:
Drugbuyersguide Shoutbox
  1. The Doctor RC @ The Doctor RC: I Spent my RC budget Til the 15th.. I get some vendors are busy but they pay for help.
  2. The Doctor RC @ The Doctor RC: On some farmapram to
  3. The Doctor RC @ The Doctor RC: Man I think I’m in some shit. I ordered early Tuesday from multiple different reputable vendors and usually III get confirmation. One was a decent price
  4. QuantumMatrix @ QuantumMatrix: @Dr-Octagon Do you remember a Research Chemical forum TAS (The Altered States) from back when 2cb and mxe were legal?
  5. O @ oddjerbs: Is @Pharma Daddy on?
  6. H @ hotdog45: I love and care about all of you truly. You have really been a huge help to me when I've needed. I cannot thank you enough
  7. T @ Tonka18: @adiste11a why rip saturn?
  8. Dr-Octagon @ Dr-Octagon: @The Doctor RC, sorry the day's of me having mad time on the web are a bit behind me sorry
  9. Dr-Octagon @ Dr-Octagon: @QuantumMatrix, i was there when it started. The looking glass. The aviary. Chfc (rts) and news-boards (opr) were still activd prior to s.r. never saw the need
  10. WTF7218 @ WTF7218: @Strawhat7 Alfa exit scammed.
  11. A @ adiste11a: rip saturnmeds
  12. A @ Aarfgh: @QuantumMatrix Little column A, little B
  13. G @ gfunkster: @Stims King you are one smooth operator! I see you! Your post are hilarious and sometimes exactly what is needed. I know its work but sometimes a grumpy vendor isnt a good look. Thats why the @iamgroot or @CalFresh of the world are beloved!!!
  14. QuantumMatrix @ QuantumMatrix: Does anyone here use Dread? Or mostly people who couldn't be bothered with TOR and markets?
  15. The Doctor RC @ The Doctor RC: I need the most solid RC Benz snd real Benz guy in the US
  16. Strawhat7 @ Strawhat7: Whatever happened to Alfapharm? One day I got on here and lo and behold it was like their thread had disappeared and like they never existed?!
  17. Stims King @ Stims King: @gfunkster This community missed you like a package misses its tracking number.
  18. G @ gfunkster: Its been awhile for me and i just wanted to send some updated love to illest community that i am proud to be part of!
  19. hiTillidie @ hiTillidie: LOVE THIS PLACE!!everyone have a great night.Fuc*ing love it! Tis the goat
  20. M @ Mammasboi123: @Bt1234 If you go to the thread or DM where you sent the message, you can click the “Report” button on the bottom left corner of the msg and put your reason for reporting it. Just say you want to erase it. Admin and Gracie are both very quick about taking care of reported issues.
Back
Top