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Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef

Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d

LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW

Ledger GitHub: https://github.com/LedgerHQ

Setting up the Ledger Blue with Android device: https://www.reddit.com/r/ledgerwallet/comments/5u6zbk/ledger_blue_usage_with_bluetooth/

Ledger FIDO U2F (2 factor authentication)
https://support.ledgerwallet.com/hc/en-us/articles/115005198545-FIDO-U2F

The latest firmware for ledger products is version 1.4.2
If it’s been a hot minute since you’ve used your ledger hardware wallet there is now the Ledger Live app which acts as the manager of your device, allowing you to install and uninstall different wallets as well as monitoring your portfolio (for those of you brave enough to publish your holdings onto an app that is saved on your computer) It also connects you to different exchanges like Changelly, Coinhouse and Coinmama, so you can make trades as well. This makes managing all of the wallets connected to your hardware device much easier than having to use separate Google Apps for each coin.

There are two relatively new apps you can check out, one is called HODL and the other is Recovery Check. HODL is an app that makes it easier to input your wallet addresses into forms to remove human error from the transfer process. Instead of manually typing in your address, or accidentally copying the wrong address and ultimately sending your precious coins to the wrong place to be lost forever, this app fills in your wallet address automatically.

Recovery check allows you to double check pretty easily that you’ve written your recovery phrase correctly. So if your device is ever destroyed, lost or stolen or you’ve forgot your PIN, you can know for sure that you can still gain access to your cryptos.

There’s another app for the Ledger Nano S and Ledger Blue wallets called FIDO U2F, which is an app that allows you to use your hardware wallet to generate 2 factor authentication codes for third party platforms like Gmail, Facebook and GitHub. Considering the fact that other 2 factor authenticators require the use of your cell phone (something that is easily hacked) this option is potentially more safe since the ledger is never connected to the internet.

I found a pretty helpful reddit post that goes over some tricks to look out for when pairing your Ledger Blue wallet with an android device so if this is something you want to try, here’s a hint: the device pairing PIN is 123456.

One very important thing to note regarding this FIDO U2F app is that each time you update your firmware on the ledger device, all apps need to be reinstalled, including the FIDO U2F app. You will need to reconfigure this for each platform you use this 2 factor authentication with before you’ll be able to log into them. So if you’re going to do the firmware update and you use this app for multiple platforms, it’s probably much easier to first disable this authentication service on each platform, perform the update, and then reinstate it for each of the platforms you use.

Since the Ledger Blue has bluetooth capabilities, it’s not exactly a perfectly cold version of cold storage. I know I’m nitpicking here and I know it’s still better than using a cell phone that itself is very easy to hack, but these are the details that are worth paying attention to and train yourself to notice since you are now your own line of defense between this world of hackers and your cryptocurrency investments, responsibility starts now.

If you’re looking for a hardware wallet to purchase, the Ledger is one of the better choices so if you’d like to help support this channel, I’d appreciate it if you use my affiliate link that is listed in the video description.

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30 COMMENTS

  4. Ledger sucks really bad . Ive had nothing but problems with it . Its a total piece of crap . If all of us crypto hodlers are waiting for mass adoption it wont happen anytime soon until these projects can come up with a WAY BETTER personal custody solution .

  16. After seeing this new post, I went back to some correspondence I've been having with Ledger since August. Newly inspired, I just wrote this letter.
    ===========================================================
    Uyen,

    We last corresponded on October 4 regarding error 0x6f01. On September 29, the last thing written on the Github was

    "As no one from our develop team was able to reproduce the problem, we encourage our community to help us testing this, investigating on the problem and experimenting solutions.
    Thanks!"

    There have been a few comments since then, but nothing substantial.

    I noticed a sales press recently for specially priced Nano S. I heard you may open an New York Office. That's all very nice, but right now, I'm up in the air and quite irritated.

    Do I buy a new device?

    Do I keep using the Chrome app for BTC and LTC?

    Do I buy a new computer to see if it's an operating system problem?

    I see there are new routines called HODL and RecoveryCHeck that work only with Ledger Live. That's very nice, but my Nano S is crippled and I see no end in sight.

    I [almost] appreciate your pointing me to the Electrum products, but they also look like a pain in the neck.

    I will definitely appreciate something from you directing me to take a specific action. If the problem can not and will not be resolved, kindly let me know that. Also, if Ledger has a team working on the problem, please document it. The point I quoted above, about a call out to the whole world to help fix the problem is not businesslike. I need a direction, and I have been waiting for it since August.

    I eagerly await your reply.
    ===========================================================

    You can see the talk on Github here:
    https://github.com/LedgerHQ/ledger-live-desktop/issues/1386

    For the information of all:
    The error (0x6f01) comes in attempting to move BTC or LTC with Ledger Live. It can read the addresses, just not work on them.
    The Chrome apps for BTC and LTC — which still work — are slated to disappear eventually. That's why Ledger's rep sent me to check on Electrum — just in case they choose to neglect the matter entirely and "hope it will go away."

    Great! Now I can use 3 different apps to move 3 coins. The Ledger Live app apparently works for ETH.

    Take your chances. I'm clearly not alone. Even if you don't experience this particular problem, the approach Ledger is taking to it is a bad sign in my book.

  18. how come Bitcoin and ripple are changing value but the total crypto market cap doesn't change that is a broken block chain imo because nothing should ever move independently, everything has to move together with the block chain or the ledger is being corrupted

  21. You should definitely do an overview on Gincoin and their platform! This a project with a working product, they are compliant, and are always coming out with new features. They open the door for non-tech people to be able to have masternodes. Would be great to see on this channel ??

  24. Wow very cool about those Ledger apps! I didn’t know there was a recovery check. I actually bought a 2nd Ledger to be able to test my recovery seeds. Looks like I have another usable hardware wallet now.

    And I had no idea a Ledger could be used as 2FA. Very cool! Thanks Heidi!

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