6Mon
It's me again about the ledger:
I wanted to get the Ledger Nano X (149.00€) and I still have a few questions...
- what do you think of the product?
- Is it easy to set up?
- Am I doing the right thing by transferring my btc's to the ledger, so that they disappear from my Strike app and are only on the ledger?
- Can I still see them in getquin in my portfolio overview?
Thank you and best regards!
I wanted to get the Ledger Nano X (149.00€) and I still have a few questions...
- what do you think of the product?
- Is it easy to set up?
- Am I doing the right thing by transferring my btc's to the ledger, so that they disappear from my Strike app and are only on the ledger?
- Can I still see them in getquin in my portfolio overview?
Thank you and best regards!
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@MedusaFi Hi :)
If you don't have a Ledger yet, I would honestly advise against it. Ledger has already abused the trust of customers so often in the past that I, for example, no longer buy a Ledger.
You can also read the article here: https://getqu.in/2wY3eP/
The Nano X is certainly a good device. However, as I said, I am bothered by the manufacturer, the fact that it is not completely open source and the recover function, which stores your private key and therefore access to your Bitcoin in the cloud (how stupid). You can deactivate this function, but I find it hard that Ledger has programmed this in and sells it as an advantage.
I would rather recommend the BitBox02 or a Trezor :) Both are easy to use open source devices. If you want it to be cheaper, I could also recommend the Jade from Blockstream.
Exactly, if you send the Bitcoin from Strike to your wallet, they will no longer be displayed on Strike. Strike then no longer has access to your Bitcoin, but you do with the help of your own wallet.
Nothing should change in GetQuin during the transfer. You will probably have added the purchases manually, right? :)
If you don't have a Ledger yet, I would honestly advise against it. Ledger has already abused the trust of customers so often in the past that I, for example, no longer buy a Ledger.
You can also read the article here: https://getqu.in/2wY3eP/
The Nano X is certainly a good device. However, as I said, I am bothered by the manufacturer, the fact that it is not completely open source and the recover function, which stores your private key and therefore access to your Bitcoin in the cloud (how stupid). You can deactivate this function, but I find it hard that Ledger has programmed this in and sells it as an advantage.
I would rather recommend the BitBox02 or a Trezor :) Both are easy to use open source devices. If you want it to be cheaper, I could also recommend the Jade from Blockstream.
Exactly, if you send the Bitcoin from Strike to your wallet, they will no longer be displayed on Strike. Strike then no longer has access to your Bitcoin, but you do with the help of your own wallet.
Nothing should change in GetQuin during the transfer. You will probably have added the purchases manually, right? :)
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6Mon
@stefan_21 Thank you very much! I'll have a look at the BitBox02 :)
Yes, purchases were added manually.
Thanks for the detailed and understandable answer!
Yes, purchases were added manually.
Thanks for the detailed and understandable answer!
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•6Mon
@stefan_21 but the BitBox02 is not compatible with the iPhone, is it? only with Android or PC, I think. How do you do that? Or do you hardly touch the thing at all?
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•@MedusaFi right, with the Mac but schon🤷♂️ BitBox is working on it - Apple is still a little reluctant. They don't release the USB-C port for external devices...
I have an Android smartphone, but I hardly ever use the BitBox with my smartphone. I always use the PC for that. But I also work on the PC, so it's running virtually all day anyway😅
You only need the wallet anyway to generate a new receiving address or to send something :)
I have an Android smartphone, but I hardly ever use the BitBox with my smartphone. I always use the PC for that. But I also work on the PC, so it's running virtually all day anyway😅
You only need the wallet anyway to generate a new receiving address or to send something :)
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•5Mon
@stefan_21 it's me again..😂now i also have the bitbox02, i am very satisfied. i still have a few questions:
- is it normal that the transaction on the bitbox app takes so long?
- do i have to leave the bitbox plugged in while a transaction is running?
- the important thing is the SD card, isn't it? then keep it safe, nobody else can access it with the BitBox alone, can they?
thanks and lg!!! :)
- is it normal that the transaction on the bitbox app takes so long?
- do i have to leave the bitbox plugged in while a transaction is running?
- the important thing is the SD card, isn't it? then keep it safe, nobody else can access it with the BitBox alone, can they?
thanks and lg!!! :)
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@MedusaFi Hi :)
- It depends on what you mean by long and from where you made the transaction. Basically, it always works like this: The sender creates the transaction, sets the transaction fees that he is willing to pay, signs the transaction with his private key and then sends the transaction. The transaction then ends up in the mempool, where all unconfirmed or not yet executed transactions are collected. The miners take transactions from this pool (always the ones with the highest fees, as these go into their pockets) and use them to create a block. If they find a valid block, they can add it to the blockchain -> and only then is the transaction confirmed and only then do you have the Bitcoin on the Bitbox02. But it would be exactly the same with any other wallet :)
- No, you don't have to leave it plugged in. You can always receive transactions. It all runs on the blockchain on tens of thousands of computers worldwide. You can always receive and if you want to send, you can always do that, but you have to sign the transaction with your wallet beforehand so that the Bitcoin network recognizes it as valid.
- Correct, unless someone guesses your wallet pin in the 10 attempts you have. Then you would have access to the wallet even without an SD card. However, after 10 incorrect password entries, the content is deleted and can only be restored using the SD card or the 24 words.
Please write down your 24 words on paper and keep the note safe. Don't break the SD card - or the note. Keeping both in separate places is the best option. Later you could also stamp the words onto metal - this would also make them waterproof and fireproof. But this is only worthwhile for larger amounts.
I hope I was able to help you :)
Grüße✌️
- It depends on what you mean by long and from where you made the transaction. Basically, it always works like this: The sender creates the transaction, sets the transaction fees that he is willing to pay, signs the transaction with his private key and then sends the transaction. The transaction then ends up in the mempool, where all unconfirmed or not yet executed transactions are collected. The miners take transactions from this pool (always the ones with the highest fees, as these go into their pockets) and use them to create a block. If they find a valid block, they can add it to the blockchain -> and only then is the transaction confirmed and only then do you have the Bitcoin on the Bitbox02. But it would be exactly the same with any other wallet :)
- No, you don't have to leave it plugged in. You can always receive transactions. It all runs on the blockchain on tens of thousands of computers worldwide. You can always receive and if you want to send, you can always do that, but you have to sign the transaction with your wallet beforehand so that the Bitcoin network recognizes it as valid.
- Correct, unless someone guesses your wallet pin in the 10 attempts you have. Then you would have access to the wallet even without an SD card. However, after 10 incorrect password entries, the content is deleted and can only be restored using the SD card or the 24 words.
Please write down your 24 words on paper and keep the note safe. Don't break the SD card - or the note. Keeping both in separate places is the best option. Later you could also stamp the words onto metal - this would also make them waterproof and fireproof. But this is only worthwhile for larger amounts.
I hope I was able to help you :)
Grüße✌️
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@MedusaFi Oh yes... here is the mempool, feel free to take a look :)
https://mempool.space/de/
https://mempool.space/de/
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5Mon
@stefan_21 the 24 words are new to me now... i only had to enter or set up a password via the bitbox. there was nothing about 24 words or did i miss something?
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@MedusaFi Settings -> Manage device -> Show recovery words :)
The 24 words will then be displayed one after the other on the BitBox. Write them down by hand (do not save them anywhere electronically! - do not take a photo either)
The 24 words will then be displayed one after the other on the BitBox. Write them down by hand (do not save them anywhere electronically! - do not take a photo either)
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5Mon
@stefan_21 perfect thanks!!!
how do you always do it? do you prefer to wait 24h and pay no fee or do it in 10-60min and pay fees on the transaction from the app (where you buy the btc) to the bitbox?
how do you always do it? do you prefer to wait 24h and pay no fee or do it in 10-60min and pay fees on the transaction from the app (where you buy the btc) to the bitbox?
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