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One of Many Reasons Why You Shouldn’t Use a Ledger to Store Your Bitcoin
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One of Many Reasons Why You Shouldn’t Use a Ledger to Store Your Bitcoin
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**Four reasons why I would never use any ledger product.**
**They leaked details of their clients** (email, phone #, full name, home address, what exactly they bought) and even now these people keep getting scary phone calls.
**The wallet has closed code** – nobody (except the company, secret services, hackers) can see how many back doors the software has.
**It’s a multi coin wallet** – more coins, means more code, more attack surface.
**The wallet isn’t cold** – the company revealed a feature, allowing to extract the keys into backup facilities online. They said, this is possible (with an update) for a very long time. This is the very opposite of a cold storage (never touch the internet).
nope.
NEVER.
EVER.
Someone very special: Grumpy Cat? on Steemit warned me of this fact way back in 2017.
I. didn’t. listen.
One day without warning OpenLedger CLOSED. My BTC was gone. Poof!
Stay in control of your crypto.
Any accountants want to tell me what $720 in BTC would be worth today? It was a stressful time and I simply didn’t have the energy to pursue the legalities.
Anyhoo, don’t waste another second if 70% of your coins are not in your wallet. Invest the other 30%!
That Ledger Live message should read:
**GET BACKUP SECURITY**
Scared of losing the keys to your wallet? Get the [Seed Tool application](https://github.com/aido/app-seed-tool) and restore access to your wallet whenever you need it -> 🙂