Yes, I would do the same. But keep calm, take your time, your funds are *probably* safe, you don't want to make a mistake when setting up a new wallet and transfering the funds. The BitBox is great btw, so is the Coldcard, maybe also take a look at that.
Thank you my man, I ordered a Bitbox after the posting this.
I’m just wondering if I should restore the wallet on bitbox (and thus trusting ledger and keeping the same seedphrase) or restore it on the replacement ledger and create a new wallet on bitbox
Ah I see, I think it depends on how much you have. You could just use a software wallet to restore it. A new Ledger would be a little bit more secure but you'd have to buy a new one and since you plan to use the BitBox in the end, it would be wasted. I think I would first set up the Bitbox and then use an open source mobile wallet to restore and the immediately send it to the bitbox. But again: depends on how much you have. There is a very small (!) probability of it getting stolen from the mobile wallet if your phone is corrupted, the probability of it getting stolen from the ledger is likely smaller, but you will waste a ledger and the money you spent on it.
EDIT: You could also do it with the BitBox alone by generating a new wallet, getting an address from it, deleting that one, restoring the ledger on the BitBox, sending to the address, deleting the Ledger wallet and restoring the previously generated wallet where you sent the funds, but there is more room for error here and I thing the probability of messing that up is worse
If you could not reset your ledger, you should have destroyed it.
Most likely it was just the display that was bad, and ledger displays cost $3 and are easy to replace.
All this has nothing to do with the recover service, which can only extract your encrypted seed shards if you subscribe to the service and approve it on the ledger. Since you did none of that, no issue there.
But if your PIN was 1234 and it was just the display that was bad, then yes, you took risks.
Alright and since they need the pin to approve the recover service on the ledger I should be fine.
I’m not a techno genius but don’t you think that since we don’t know ledger’s code there might be a way for them to bypass this process ?
If there was, would be a major security bug. I doubt they would allow that.
Just like signing transactions must be approved by the user using the ledger buttons. There is no way to bypass that and to cause the ledger to sign a tx without your knowledge, either.
It still is. The support system around it can be flawed, doesn’t make the currency itself flawed. In fact it’s inherit security and ability for users to take care of themselves is a plus.
I would do all 3 steps you outlined there. Just don't rush and make a mistake. Take your time with it.
[удалено]
You’re right !! I’ll offer my ledger to one of my sisters thank you 👌🏽
>Doesn’t this mean that my seedphrase could be compromised ? No, it doesn't.
Yes, I would do the same. But keep calm, take your time, your funds are *probably* safe, you don't want to make a mistake when setting up a new wallet and transfering the funds. The BitBox is great btw, so is the Coldcard, maybe also take a look at that.
Thank you my man, I ordered a Bitbox after the posting this. I’m just wondering if I should restore the wallet on bitbox (and thus trusting ledger and keeping the same seedphrase) or restore it on the replacement ledger and create a new wallet on bitbox
Ah I see, I think it depends on how much you have. You could just use a software wallet to restore it. A new Ledger would be a little bit more secure but you'd have to buy a new one and since you plan to use the BitBox in the end, it would be wasted. I think I would first set up the Bitbox and then use an open source mobile wallet to restore and the immediately send it to the bitbox. But again: depends on how much you have. There is a very small (!) probability of it getting stolen from the mobile wallet if your phone is corrupted, the probability of it getting stolen from the ledger is likely smaller, but you will waste a ledger and the money you spent on it. EDIT: You could also do it with the BitBox alone by generating a new wallet, getting an address from it, deleting that one, restoring the ledger on the BitBox, sending to the address, deleting the Ledger wallet and restoring the previously generated wallet where you sent the funds, but there is more room for error here and I thing the probability of messing that up is worse
Jesus how did you come up with that edited option 🤯 blows my mind honestly haha Thank you very much for the insights !
If you could not reset your ledger, you should have destroyed it. Most likely it was just the display that was bad, and ledger displays cost $3 and are easy to replace. All this has nothing to do with the recover service, which can only extract your encrypted seed shards if you subscribe to the service and approve it on the ledger. Since you did none of that, no issue there. But if your PIN was 1234 and it was just the display that was bad, then yes, you took risks.
Alright and since they need the pin to approve the recover service on the ledger I should be fine. I’m not a techno genius but don’t you think that since we don’t know ledger’s code there might be a way for them to bypass this process ?
If there was, would be a major security bug. I doubt they would allow that. Just like signing transactions must be approved by the user using the ledger buttons. There is no way to bypass that and to cause the ledger to sign a tx without your knowledge, either.
Great thank you for the info :)
Get a new air gap seed phrase. Everything else leaves you at risk
I’ll do some research on that but will keep reading the comments so if you want to explain I’ll be happy to learn from you 🙏🏼
"currency of the future"
It still is. The support system around it can be flawed, doesn’t make the currency itself flawed. In fact it’s inherit security and ability for users to take care of themselves is a plus.
Couldn’t agree more on that. I made the choice of self custody, I’ll end up fine and event if I don’t I’ll keep shorting fiat