No, Ledger device itself is fine. Ledger Support will never send you private messages. Ledger confirmed that for the last week, some of its cryptocurrency wallet customers have been targets of a phishing attack. For those unfamiliar with current banking practices, a fractional reserve system is one whereby banks only need to hold a small amount of dollars in proportion to the loans that they make.. For example, say that a bank has a 10% reserve requirement. I would like to know how safe the nano ledger S truly is in comparison to other devices. More posts from the ledgerwallet community, Discussions about Ledger's products. In review, the Polk County Ledger covers local news through the use of journalists with minimal bias such as this: Trial begins in 2015 murder of Lake Alfred softball coach. The Ledger subreddit is continuously targeted by scammers. For more information, please refer to https://reddit.com/r/ledgerwallet/comments/ck6o44/be_careful_phishing_attacks_in_progress/. If you want the safest long term storage method, consider paper wallets. After you have downloaded it from the site and installed it, go ahead and run it and you will be prompted enter your pin in the device and then you can choose to create a Bitcoin address. Please be aware that the Ledger subreddit is targeted by scammers. Analysis / Bias. It's still as ...[+] safe as they come, but there are other ways to be even safer. Beware of phishing attacks, Ledger will never ask for the 24 words of your recovery seed. You must only keep the recovery phrase as a physical paper backup or using a metal backup solution, never create a digital copy such as a typed text or photo. GameStop has become an icon among retail investors, as the Reddit squeeze really got GME stock going. the answer is no. Secure your crypto assets such as Bitcoin, Ethereum, XRP, Monero and more. Do they deserve your hard earned money after this shit show of a data leak? Surprised I haven’t gotten any text messages. ... (Image credit: Reddit user Bill_565) Ledger Nano S fake instructions (Image credit: Reddit user pilotichegente) Scam 2: Fake Ledger software. Easily start your crypto journey: buy crypto, secure your assets and manage them in one single-app. The D’cent wallet also has more features, which can also lead to more ways to get hacked. At Ledger we are developing hardware wallet technology that provides the highest level of security for crypto assets. Fractional Reserve Banking. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. With hardware wallets, it’s usually better to use the more tried wallet. Are there any known incidents were someone’s ledger got hacked ? I contacted Ledger Live and still have not gotten any reply from them regarding this (I've even sent follow up emails with still no reply). Why choose Ledger The Ledger subreddit is continuously targeted by scammers. Ledger hardware wallets empower you with the ownership and control of your private keys. Ledger Nano S is a splendid gift for your non-CS friend or relative, which will introduce them to the magical world of cryptocurrencies. Your private keys stay safe on your device and backed up on your Recovery sheet. Only keep the recovery phrase as a physical paper or metal backup, never create a digital copy in text or photo form. So you can still safely use them. It is safe actually, but you are at risk of leaking your phone number, names, and email, etc. Exodus used to provide backup support via email and this is still an option if you created your wallet prior to Exodus version 19.2.1. That means that for every $100 in reserves that they hold, they can issue $1,000 in loans. Because of this, the Nano X can work directly with an iOS device, while the TREZOR T cannot. They recently launched the Ledger Live Software Application for your computer to replace the Chrome Apps needed to manage, send and receive your Bitcoins or Altcoins.. The Ledger Nano X has been around much longer. 3 Start staking and earn yield. https://reddit.com/r/ledgerwallet/comments/ck6o44/be_careful_phishing_attacks_in_progress/. Learn more > We are facing an increase in requests which may result in a longer reply time from Ledger Support. Never share your 24-word recovery phrase with anyone, never enter it on any website or software, even if it looks like it's from Ledger. Given the influx of new Ledger wallet users, it would be a good time to share Ledger wallet scams that have happened in the past. Ledger still has firm fans on Reddit, in spite of security breaches. Creating New Accounts The app enables easy account creation by simply clicking the ‘+’ … Since then, I have not transferred any coins or even set it up as yet as I am worried about the horror stories I have heard of those getting their funds stolen even when taking the proper due diligence. Ledger Support will never send you private messages. Electrum. Ledger Support will never send you private messages. Ledger Live is the must have companion to your ledger devices, the application allows you to manage quickly, securely easily your assets, so you can keep an eye on the value of your assets. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. TREZOR Model-T vs. No, Ledger is not the safest solution for storing your coins. Funded by / Ownership. However, given the risks that came with having these links in emails, they have stopped supporting this. How to stake coins with Ledger Live. Never share them. Ledger the company is pretty mediocre and lack any sense of security, More posts from the ledgerwallet community, Discussions about Ledger's products. Ledger launched the Ledger Nano X in March 2019. An anti-tampering seal could, therefore, give a misleading sense of safety. Learn more at https://reddit.com/r/ledgerwallet/comments/ck6o44/be_careful_phishing_attacks_in_progress/. Ledger Nano S. TREZOR and the Ledger Nano S are often compared. The Ledger crytpo currency storage unit. Its user data has been hacked more than once. I understand its safe for users who have already bought wallets, but for someone wanting to get one now (first time) would use guys still suggest ledger? 2 Migrate your funds to your device using Ledger Live. All-in-one One place for all your crypto: Ledger hardware wallets supports more than 1500 different assets. We apologize for the delay while we work to provide you the best service. They recently got hacked. If you want the original Bitcoin wallet this is it! Please contact the moderators of this subreddit if you have any questions or concerns. The update to firmware version 1.6.1 brings several user experience improvements and additional cryptographic support to the Ledger Nano S. Please read our blog post and the release notes for more details about this update. Instead, Ledger has opted to provide software tools to verify is a piece of hardware is genuine and/or has not been tampered with. Ledger Support will never contact you directly using private messages. Trezor Model T is intended to serve as a safe haven for the keys of more experienced blockchain users. The main difference between the two are that the Ledger Nano X has Bluetooth. Naturally, we do still review these to make sure that they meet the highest UX and security standards. Only keep the recovery phrase as a physical paper or metal backup, never create a digital copy in text or photo form. Visit us @ ledger.com, Looks like you're using new Reddit on an old browser. Ledger Nano S Nem edition cannot be shipped with other products. Press question mark to learn the rest of the keyboard shortcuts. Hopefully, by shedding light on them, fewer users would fall for them. Never share your 24-word recovery phrase with anyone, never enter it on any website or software, even if it looks like it's from Ledger. Is it still safe to use Ledger wallet? If you’re using the Ledger as your go-to hardware wallet for your cryptocurrencies. This unique list of words is generated by your hardware wallet. The devices themselves are still secure, just your address and other info may have been leaked. https://reddit.com/r/ledgerwallet/comments/ck6o44/be_careful_phishing_attacks_in_progress/. Ledger has it’s own chrome apps for Bitcoin, Ethereum and Ripple. I have recently bought a nano ledger S in january of 2021. Never send your 24-word recovery phrase to anyone sending you a private message, never enter it on any website or software, including software that looks like it is from Ledger. The Ledger is owned by Gatehouse Media, which owns over 100 small and mid-market newspapers across the USA.The newspaper is funded through advertising and subscription fees. So let’s take a look at the Bitcoin app. If you wish to purchase our regular products, please place a separate order. Beware of phishing attacks, Ledger will never ask for the 24 words of your recovery seed. You can safely install and uninstall apps when needed. The Ledger subreddit is continuously targeted by scammers. According to Coinify, the $20 minimum purchase was changed to $60 a month before the Ledger Love pack promotion was even running. Compatible with Tezos, Tron, Cosmos, Algorand and Polkadot. TREZOR Model-T vs. Bottom line, anything electronic has at least 1 more vector of exploitation than a paper wallet does. If your wallet was created in an earlier version then you can follow these steps in order to restore it. Ledger gives you full control over your crypto - on top of lending, you can manage, buy, sell, or stake your crypto anywhere with only one app, Ledger Live. This is a progressive release, please try again later if the update is not visible in the Manager. While CEO Eric Larchevêque has downplayed the severity of the vulnerability in comments on Reddit, Ledger has since released a firmware update (1.4.1) that … yes, it's still safe, there's no relationship between the e-commerce database hack and how the device behaves 1 Install your coin app on your device and create an account on Ledger Live. Electrum has been around since 2011 and … yes, it's still safe, there's no relationship between the e-commerce database hack and how the device behaves, Safe - yes. Ledger no longer uses anti-tampering seals, since it is easy to counterfeit them. However you might want to consider supporting other vendors such as trezor as a form of protest against ledger. Beside that is it safe to do cold storage? I am a bot, and this action was performed automatically. Below is a run down of some of the exciting new features of Ledger Live. I am a bot, and this action was performed automatically. Never share your 24-word recovery phrase with anyone, never enter it on any website or software, even if it looks like it's from Ledger. Please contact the moderators of this subreddit if you have any questions or concerns. I did however, get some information from Coinify. Recommended for you. Ledger Live supports both the Ledger Nano S and the Ledger Nano X, and is available for free to all who use the devices. Give yourself peace of mind by knowing that your cryptocurrencies are safe. This software is called “Root of Trust” Beware of phishing attacks, Ledger will never ask for the 24 words of your recovery seed. Anti-Tampering Seal. A few days back, I talked about how to earn interest in Bitcoin, and based on our research, BlockFi came out as a widely used and trusted product.In the crypto-verse, an undisputed rule is “You are your bank”, and services like BlockFi raises a lot of questions, as we are literally lending our Cryptocurrencies like “Bitcoin” to a 3rd party to earn interest. Another way to access and store your Bitcoin. Check our troubleshooting article if you need help.. Ledger devices have limited storage and the sizes of apps vary. Ledger Nano X. Never share them. Press question mark to learn the rest of the keyboard shortcuts. Ledger’s recovery sheet containing the 24-word recovery phrase. Never share your 24-word recovery phrase with anyone, never enter it on any website or software, even if it looks like it's from Ledger. Ledger Support will never send you private messages. Ledger Live is a brand new way to manage all your crypto assets under one roof. Still, I want to avoid this name. the device itself is safe as long you never enter your 24 word seed phrase any place other than ledger device itself. D’cent is still a new wallet. Beware of phishing attacks, Ledger will never ask for the 24 words of your recovery seed. Ledger Nano S is less complicated, smaller and it’s a real slam dunk as your first hardware crypto wallet. Ledger Nano S - Add to cart. Ledger no longer uses anti-tampering seals, since it is easy to counterfeit them. Ledger hardware wallets use applications to manage your crypto: they store your private keys separately on your Nano for optimal security. Ledger Nano S. The original hardware wallet. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Visit us @ ledger.com, Press J to jump to the feed. Our products combine a Secure Element and a proprietary OS designed specifically to protect your assets. Pretty much just database. 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