It’s crazy to think that this little device holds the keys to a large majority of my crypto assets. I usually keep it at home but sometimes I’ll carry it with me on certain trips.
Right now it doesn’t support Steem, but I imagine it will in the near future. I just purchased some TRX today and sent it to my wallet on my Ledger Nano S using TronScan.
It’s pretty fun learning about all the different blockchains out there and how they are all similar yet very different.
I’ve had a bank account since I was a teenager. You know... many moons ago. I was never really that good at filling up that account because I always liked spending my hard earned cash.
Crypto is different though. Crypto is like a game to me. Like a video game where I earn points (tokens) for performing certain actions. The main difference is... crypto is ACTUAL currency and not just pretend points like on Whose Line is it Anyways.
Honestly, I really hope that this little device is the only bank I’ll ever need in the near future. I like the idea of being my own bank, in complete control of my funds void of third party influence.
Owning a hard wallet gives me a strong sense of security. I know that my tokens are safe as only I have control over the private keys.
One thing you definitely DO NOT want to do is keep all your tokens on an exchange. Even though a lot of them are fairly secure, you still run the risk of something happening to your account.
I only keep my assets in there for quick trades then send them over to my Nano. I’m not against soft wallets such as Chrome apps or mobile wallets, but I only keep a small amount in those for simple transactions.
I think of my hard wallet as my long-term investment location. It’s my HODL station, unlike my checking account. I like watching assets grow in my Nano S as they now have what’s called the Ledger Live for both desktop and mobile. I can keep track of all my assets on one simple location.
All in all, crypto is crazy fun. There is always more to learn and explore. It’s truly like a game to me which then makes it fun. When I’m having fun, I want to keep doing it while finding new and interesting ways to acquire tokens.
Thanks for reading this blog friend. Hope you are enjoying your crypto journey as much as I am. Cheers and have a great rest of your day 🥂
Vires in Numeris
Posted using Partiko iOS
It is the best bank of all ... Congratulations for having in your hands the security and confidence that only the crypto gives!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am looking forward to ledger supporting Steem - Once that happens, I might buy one 😊👍🏼
P.S If I can buy it will Steem, that's even better!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I love your thinking that you see it like a video game and you collect tokens. ;)
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for this post @kenmelendez.
Here's what I learned:
I had thought about buying a ledger and was hoping I could use it for Steem, but it looks like I should wait for a newer version, so that I can get one that supports Steem.
My concern with holding everything on a single ledger is that if it breaks, gets lost, malfunctions, or anything along those lines, the money might be lost, or at least hard to recover.
I am a huge fan of being our own bank, but I am also looking for failsafes, and so far, Powered Up Steem, with @steemit's account recovery option, is the best cryptocurrency when it comes to the most failsafes.
I am afraid of getting hacked, and losing all my Bitcoin etc. (if I had any) with a simple click of a mouse (I.e. Hack).
In general, I dislike other cryptocurrencies, but I know part of it is due to being biased.
So your coverage of other cryptocurrencies in your posts, would present non-Steem cryptocurrencies in a friendly manner, and would help me receive the information other investors have, in spite of my personal biases.
Thank you for all your good work, Ken!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm happy with 1 Nano for now. Might branch out in the future and get a Trezor. In regards to your concern, if the Nano ever breaks, gets lost, etc., all that would need done is to purchase another one and then input the 24-word recovery seed to gain access to my assets again. Keep in mind, the assets aren't actually stored inside the device, they are stored on the blockchains associated with each currency. All the hard wallet is doing is protecting your private keys, keeping them offline instead of online.
The reason I invest in other currencies is because there is value in other projects also. I get the concept of being biased with Steem, but at the same time, we can't ignore the technology being birthed on other chains as well :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Can you explain what the 24-word Recovery Seed is?
Do you mean a key (that's 24 letters long)?
And if it's a standard, random mix of letters and numbers, won't you lose access to that key if it's stored on the Ledger, and you depend on the Ledger for your keys?
I would like to see recovery options in place, much like Steem has a recovery system in place. That's the major thing that is keeping me away from other cryptocurrencies.
If you cover other cryptocurrencies, their strengths, and made comparisons with Steem, it would help me discover if my biases are correct, or if I'm just blind.
Thanks for all that you do.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What does it say on the ledger?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Vires in Numeris. It’s Latin for Strength in Numbers
Posted using Partiko iOS
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
congratulations and welcome to crypto. i. am as well. content Creator i do crypto related videos. i hodl prob 30 different projects at moment. glad you see the light and understand how fiat been a failure
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yah, me too. I really want to be my own bank devoid of third party that why I want to see cryptocurrency succeed so badly.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
And that is just how life it is. How little this key may be, it is very important for you and you will not want to use it. Despite how small it is. This can be linked to some life issues. It is not when something is big that have value for us
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Awesome post man, this reflects a lot of my own thoughts regarding banking and crypto.
I love the nano ledger s, are you going to get the Nano Ledger X ? The Bluetooth version?
Personally the idea of bluetooth scares me, lol
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I like your picks mate Steem and Tron are amazing blockchains :)
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thats cool device to keep all fund at one location with safe guard
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Having control of your monetary sovereignty feels so great! I hope to continue moving assets that way this year and am looking forward to my Ledger Nano X to arrive!
Posted using Partiko iOS
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit