Hi, I’m interested about crypto for quite long time but I have never a chance to obtain my own crypto. Before I obtained my first larger amount of crypto I bought Ledger Nano S Plus few months ago and I think that I regret my decision because I don’t think that I’m planning to hold my crypto on it anymore. Reason is Ledger Recover subscription option in Ledger Live which allow Ledger to hold your secret passphrase for more ‘security’. Obviously is direly dangerous backdoor allowing Ledger to take control over your crypto assets through their software. We never don’t know what’s hiding behind binaries from their website and even if it’s open-source I don’t think that I’m able to compile it easily on my own which should be default way for installing such software. Also if it’s open software why we don’t have any forks of Ledger Live without this shit and it’s not available in any Linux repositories or for mobile version on something else than Google Play? I don’t want to make my funds or device dependent on any company, this is not why I’m buying crypto.

My current plan for holding crypto is using Tails with my wallet information on papers in safety place. If I’m using Ledger I also need to keep my secret passphrase so it’s don’t changing anything in terms of security expect for fact that some company will not be able to steal my money.

For people who don’t care about their freedom and focus on trading/spending crypto it still might be good choice, definitely better than hot wallet or cold wallet on mobile phone.

  • ladyofcrypto@lemmy.world
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    17 hours ago

    The best way to hodl crypto is using stateless wallet. Your assets are auto swapped to the most progressive form at every point in time to generate marginal profit without leaving your wallet. You make money without giving up custody while hodling your coins. Using a stateless wallet like Neutswap stateless wallet makes me up 6 to 9% profits weekly. Just search Neutswap on google

    • zimno@piefed.socialOP
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      28 days ago

      I don’t trust hardware wallets anymore, also I don’t want to waste my money on it.