Anyone found useful usage of ledgers already? (Useful: using it to store a privatekey that is not useless)

I am thinking of using it only with Sparrow, and creating a new key-pair outside of ledger app if possible. What do you think?

Also thinking just setting up a cold storage with an old phone with BlueWallet.

I just bought mine end of last year, and I don't like wasting money.

#ledger #coldstorage #bluewallet

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Is there any issue using it as part of a two of three multisig. Diversify the hardware you use for multisig devices. ????

The concern Ledger has, that they can extract your private key from your device to store it in the cloud. Not really the purpose of a hw device.

Yeah like Bevo said I thought they were good for multisig if you had nothing else but Ledger having the keys is plain... crap😩.

Thanks for letting me know CodePsychology

Yep I get that but if the keys were extracted and it was part of a multisig. Only one ledger in the three devices then your still safe correct??

Realize it’s not optimum

It suppose to be possible, setting up cold storage, with samourai wallet too 😎