Got My Ledger NANO S

[rohanneal]

Hello Guys

I just received my ledger NANO S. Took me 10-15 min to setup and i transferred all my ripples from GATEHUB to my NANO S. It worked really well and it took only 2-3 second to transfer XRP.

Good luck to all of you...keep your XRPs safe as one day YOU WILL COME BACK and see how much worth they are....come back and read this post again and again.

 

regards 

[Paulengelbertink]

Just ordered 6 of these  Nice

[thinlyspread]

10 minutes ago, rohanneal said:

Hello Guys

I just received my ledger NANO S. Took me 10-15 min to setup and i transferred all my ripples from GATEHUB to my NANO S. It worked really well and it took only 2-3 second to transfer XRP.

Good luck to all of you...keep your XRPs safe as one day YOU WILL COME BACK and see how much worth they are....come back and read this post again and again.

Thanks for the feedback – I'll definitely have to look into getting one of these.

[Kiir]

NIce, I order the duo pack, but have to wait till June 27th+ for shipping.

But I'm glad it seems it's working as marketed

[Zeth]

13 hours ago, rohanneal said:

Hello Guys

I just received my ledger NANO S. Took me 10-15 min to setup and i transferred all my ripples from GATEHUB to my NANO S. It worked really well and it took only 2-3 second to transfer XRP.

Good luck to all of you...keep your XRPs safe as one day YOU WILL COME BACK and see how much worth they are....come back and read this post again and again.

 

regards 

I think is really good if you to promote cold wallets. You never know what could happen and these are well worth the money.

Since getting mine I have been sleeping like a baby ?

[Guest]

having road tested since it arrived today, i can say -- pretty smooth setup, i like it

i feel safer having at least some of my xrp in this device -- peace of mind

sending/receiving is very fast

only fiddle bit was getting the ripple app on there, i had to put the main ledger app first, and kept needing to connect and reconnect the device, though it didn't specify to do that - but whatever, that's pretty minor 

impressed! 

[ZIGXRP]

Thanks for the feedback, waiting on mine to arrive this month. Looking forward to the peace of mind more than anything else. 

[DEPTataku]

What is the best way to store your 24 word Ledger recovery key? I'm paranoid about keeping mine on my computer in case someone 'remote hacks in' (not sure how the computer worlds works is that possible?) so I keep my on an external USB (actually two USBs so as not to have only one point of failure). At first I had a picture of the 24 word key snapshot on my phone but then I thought: HELL NO NSA CAN'T HAVE MY RIPPLES! 

[rohanneal]

34 minutes ago, DEPTataku said:

What is the best way to store your 24 word Ledger recovery key? I'm paranoid about keeping mine on my computer in case someone 'remote hacks in' (not sure how the computer worlds works is that possible?) so I keep my on an external USB (actually two USBs so as not to have only one point of failure). At first I had a picture of the 24 word key snapshot on my phone but then I thought: HELL NO NSA CAN'T HAVE MY RIPPLES! 

Bank deposit box

[DEPTataku]

21 minutes ago, rohanneal said:

Bank deposit box

Can I still tranfers funds to it if it is held somewhere else? and check how much is on it on a regular basis to make sure it hasn't disappeared?

[PunishmentOfLuxury]

28 minutes ago, DEPTataku said:

Can I still tranfers funds to it if it is held somewhere else? and check how much is on it on a regular basis to make sure it hasn't disappeared?

All you need to transfer funds in is the wallet address beginning with r. The funds are held on the XRP ledger in cyberspace, not local to you. The Nano S merely guards the secret key that gives access to the funds. And the 24 word password is almost as important to safeguard as the secret key, because anyone who has it can restore it to another Nano and take all your XRP! I think I have that correct.

[DEPTataku]

12 minutes ago, PunishmentOfLuxury said:

All you need to transfer funds in is the wallet address beginning with r. The funds are held on the XRP ledger in cyberspace, not local to you. The Nano S merely guards the secret key that gives access to the funds. And the 24 word password is almost as important to safeguard as the secret key, because anyone who has it can restore it to another Nano and take all your XRP! I think I have that correct.

If you're correct, that is WAY cooler than what my brain was thinking. I always thought my precious XRPs were hiding inside my very expensive necklace (Ledger Nano S comes with a lanyard). So I bought the neclace for $67 and now it is worth exponentially more than that! but if my throught process is wrong, its not the Ledger that is worth anything, but rather the 24 word phrase is really the only thing that matters....

[ZIGXRP]

34 minutes ago, DEPTataku said:

If you're correct, that is WAY cooler than what my brain was thinking. I always thought my precious XRPs were hiding inside my very expensive necklace (Ledger Nano S comes with a lanyard). So I bought the neclace for $67 and now it is worth exponentially more than that! but if my throught process is wrong, its not the Ledger that is worth anything, but rather the 24 word phrase is really the only thing that matters....

You are correct. And you can further safeguard your 24 word list by using hints for some in place of the words that only you (or a significant other) would know. Be creative but not to the point you'd forget in 10 years what your hints are for the words you used. 

My old high school

The sport I suck at

etc...

Print it out without worry of someone being able to figure out a: what the list is or b: what some of the answers are. 

[velmet]

4 hours ago, DEPTataku said:

What is the best way to store your 24 word Ledger recovery key? I'm paranoid about keeping mine on my computer in case someone 'remote hacks in' (not sure how the computer worlds works is that possible?) so I keep my on an external USB (actually two USBs so as not to have only one point of failure). At first I had a picture of the 24 word key snapshot on my phone but then I thought: HELL NO NSA CAN'T HAVE MY RIPPLES! 

USB flash drive is not a safe place to store your secrets (especially if whose secrets are not encrypted on those drives). Besides the obvious that someone could easily steal it if it is not ecrypted, USB drives are very poor at long term storage, because of the way they store data. CDs and DVDs not much better. HDDs I would say is a bit better, but still it can loose data over time, especially if you do not make full copy to itself of all its contents once in 3 years or something like that. Sorry to say this but paper in this digital age is till the most reliable way to store information. That is encrypted, printed on paper and stored somewhere safe (from people and physical elements) in 2 separate places. Can not beet that.

[DEPTataku]

28 minutes ago, velmet said:

USB flash drive is not a safe place to store your secrets (especially if whose secrets are not encrypted on those drives). Besides the obvious that someone could easily steal it if it is not ecrypted, USB drives are very poor at long term storage, because of the way they store data. CDs and DVDs not much better. HDDs I would say is a bit better, but still it can loose data over time, especially if you do not make full copy to itself of all its contents once in 3 years or something like that. Sorry to say this but paper in this digital age is till the most reliable way to store information. That is encrypted, printed on paper and stored somewhere safe (from people and physical elements) in 2 separate places. Can not beet that.

**** **** **** now you got me paranoid again.... So lets say I make a paper key, how do I avoid water damage?