How to receive a payment with my Ledger Blue? Where can I find my Bitcoin address?

If your Blue is not initialized go to https://www.ledgerwallet.com/start and follow instructions.

Once your device is initialized:
To find your Bitcoin address (required to receive a payment),
1/ Connect your Ledger device and power it on
2/ Enter your PIN code
3/ Launch your Bitcoin Chrome application on your computer
4/ Click on “Receive” on your Chrome app, a popup opens
5/ Copy the “Bitcoin address” which is displayed

Please note that your Ledger wallet generates a new address each time you want to receive a payment, thanks to the Hierarchical Deterministic (HD) support. Each address generated by your wallet is yours forever, you can use them several times or just once at your convenience, it won’t cause problems – even if it may be safer to use each address only once.

6/ Paste this address where you are required to

While receiving payments, your Ledger device can be disconnected as your transactions are tracked on the Blockchain. These transactions will be synchronized on your wallet when you open it.

Source: www.ledgerwallet.com

Must my Ledger be connected when I receive coins?

Your coins are not on the device itself, they are tracked on the Blockchain. Your Ledger device holds and protects the private data useful to access and manage them. These data (private keys) are the certificate of ownership of your coins: they give full access to these coins

When you want to receive coins, you just have to provide your address to the payer. Your Ledger device doesn’t need to be connected as the transaction is made on the blockchain, not on the device itself. Next time you connect your wallet, it will synchronize to the blokchain to display all your past operations and your balance.

Where are Bitcoins stored in a Ledger Hardware Wallet?

Your coins are not on the device itself, they are tracked on the Blockchain. Your Ledger hardware holds and protects the private data useful to access and manage them. These data (private keys) are the certificate of ownership of your coins: they give full access to these coins

That is why the 24 words you have copied on your Recovery sheet when you initialized your device are paramount: they are the backup passphrase to import these access data in any wallet, they give full access to your coins.

But without these 24 words and without your PIN code, not anyone can access your wallet, even if your Ledger device gets stolen. Your secrets are securely stored inside the Secure Element of your device, your coins are safe.

Source: www.ledgerwallet.com

Does anybody in India use Ledger Nano S? I have ETH, XRP, LTC, DGB, and Dash to store.

Except for Digibyte, you can store all other Cryptocurrency which you have listed.

To get a complete list of Altcoins and Token supported by Ledger Wallets read this article

Which altcoins and tokens are supported by the Ledger Nano S and other products? | Updated on 21 Aug, 17

Also, read this to get insight on the ability of Ledger Wallet to add all altcoins.

Does Ledger Nano S has the ability to store all cryptocurrency?

This is the copied post of my Answer to a question on Quora

 

Ledger Nano S Review

A Cryptocurrency hardware wallet.
Ledger Nano S is a Bitcoin, Ethereum and Altcoins hardware wallet, based on robust safety features for storing cryptographic assets and securing digital payments
ledger-nano-s-cable-large

Here are a few things I like about Nano S

  • The Nano S is currently the cheapest hardware wallet with a screen
  • The Nano S is easy to setup and use on any desktop computer

and don’t like about the Nano S:

  • No passphrase support

Background

The Ledger Nano S is different than Ledger’s other two hardware wallets—the Ledger Nano and Ledger HW.1—because it has a screen. The Nano S’s screen means, like other hardware wallets (like KeepKey or TREZOR), it can be used even on a computer that is infected with malware.

Here’s a picture of the Nano S just so you can see how it looks:

What’s in the Box

ledger-nano-s-pack-large

The Ledger Nano comes nicely packaged and includes the following items:

  • Ledger Nano S
  • 1 micro-USB cable
  • Lanyard for wearing device around neck
  • One key chain and key ring
  • Recovery sheet for writing down seed\

Physical Buttons

Like the TREZOR, the S also has two physical buttons which add to its security.

In order to confirm a payment, you need to physically press both buttons at the same time. This makes it so no hacker could hack into your device and confirm a payment.

PIN Code

The Ledger Nano S also requires the user to create a PIN code on setup. The PIN code helps prevent the loss of bitcoins in case your lose your device. A stranger would not be able to send bitcoins from your Nano S because he/she would not know your 4 digit pin code. After three incorrect guesses of the pin code the device wipes itself.

ledger-nano-s-pin-code-1

Offline Storage

Let’s get back to the main purpose of a hardware wallet.

It stores your keys in its offline, secure environment.

Bitcoins and private keys stored on an online computer are easy target for hackers.

When you use a hardware wallet, which stores your bitcoins offline, then your coins are stored offline and out of reach from hackers.

Anti-Tampering Seal

The box ships with tamper-proof tape around the packaging. If this tape appears to be altered in any way, it is likely someone tampered with your device before it arrived to you.

Be sure to email level to return it and request a new device!

ledger-nano-s-2

Passphrase Support

This is the feature I’m DYING for Ledger to add!

One feature that the Nano S lacks is passphrase support.

Put simply:

Passphrase support lets you add custom text onto your 24 word recovery phrase.

As we mentioned early, if anyone gets access to your recovery phrase they also have access to your bitcoins.

A passphrase prevents this because in addition to the 24 word recovery phrase, a thief would need the seed plus the passphrase used to create the wallet, which is memorized by the wallet’s creator.

The Nano S also does not run on a battery, meaning when it is not plugged in it is completely offline and turned off.

Why is the Nano S’s screen Important?

The S’s screen helps with a few things:

When you setup your Nano S, the wallet generates a recovery phrase. The recovery phrase is a complete backup of your wallet.

On a normal Bitcoin wallet, like an iPhone wallet, the recovery phrase is displayed on your phone’s screen.

In most cases your phone is probably secure enough.

pin-2

However:

Since your phone is connected to the internet, it’s very possible that someone could hack into your phone to 1) steal your bitcoins or 2) snatch your recovery phrase.

When you use a hardware wallet like the Nano S, the recovery phrase is generated offline and displayed on the Nano S’s screen, which ensures that the recovery phrase is never on an internet-connected device.

How else does the screen help protect you?

The screen provides an extra layer of verification when sending payments.

The screen makes it easy to confirm that the payment you’d like to send is for the correct amount and to the right address.

The Nano S’s screen means, like a KeepKey or TREZOR, it can be used even on a computer that is infected with malware.

Setup Guide

Setting up the Ledger Nano S is actually quite easy.

First, plug it into your computer to turn it on. You’ll need a micro-USB cable.

You’ll be asked to create a four-digit pin code using the device’s screen. You can slide the numbers higher or lower using the buttons.

Once you reach the desired number, press both buttons at the same time to select the next number. You’ll then have to repeat this process to confirm your pin code.

After you’ve set a PIN code, you’ll be asked to write down the Ledger’s 24-word recovery phrase. Words will show up one at a time, just click the right button to see the next word.

Ledger provides a piece of paper you can use to write down your phrase:

ledger-wallet-nano-review-recovery-phrase

The Nano S will then ask you to confirm your seed by asking for two random words of your seed.

If, for example, it asks for the 10th word of your seed, scroll through the words and press both buttons when you see the 10th word of your seed.

If you have the Ledger Chrome application installed you can now access your wallet.

On your Ledger Nano S’s screen scroll through the options and press both buttons on the “B” icon that says “Bitcoin”.

Once you do this you should now see a wallet interface in the Ledger Chrome app. And that’s it!

You can now receive payments to your Ledger Nano S.

Recovery Phrase Notice!

Once your wallet has been setup and bitcoins are sent to your hardware wallet, anyone who has access to this recovery phrase can gain control of your bitcoins.

Make sure you don’t share your seed with ANYONE!

Keep it in a safe place that only you have access to.

Privacy

The Ledger Nano S can actually be setup without even being plugged into a computer.

Once setup, the best wallet option for privacy to use with Ledger is Electrum on the desktop or Mycelium on Android.

The Open Bitcoin Privacy Project ranked Ledger’s wallets as the most private Bitcoin wallet in their 2016 report.

Visit the website: www.ledgerwallet.com to buy or for any support.https://www.ledgerwallet.com/r/1f0a?path=/products/ledger-nano-s&tracker=M

After the Nano S update in Ledger Wallet, I can’t find my coins

After a Nano S update (up to 1.3 release), your device is wiped. You need to recover your wallet and reinstall your applications on the device itself.

Once the update is achieved, you can make one choice between these 2 options:

  1. create a new wallet generating a new recovery phrase of 24 words, or
  2. recover the 24 words you previously copied

If you have created a new wallet, your balance is now null and you don’t have any operations displayed, as it is a new wallet, not your previous one. You need to reset your device and restore your existing wallet following this guide.

If you recovered your 24 words backup, and it doesn’t display the right balance, please:

  • quit the Bitcoin Chrome application
  • disconnect and reconnect your Nano s, open the Bitcoin app
  • launch again your Bitcoin Chrome app
  • if it doesn’t change anything, reset your application:
    To reset your Chrome app: click on Settings > Tools > Reset application data

Source: Official Website of Ledger Wallet- www.LedgerWallet.com

Ledger HW.1 Review

PROS
  • At 15€ (~$17), the Ledger HW.1 is a good option for users on a budger
CONS
  • No screen means the HW.1 must be setup on bootable USB or offline computer in order to setup securely

ledger-hw1-card-large

Price

The Ledger HW.1 costs 15€ and comes with free shipping.

Here is the HW.1 compared to the other three popular hardware wallets:

Security

The Ledger HW.1 is an HD Bitcoin USB wallet, meaning the 24 word seed generated on setup is all that’s needed to backup the entire wallet. The original 24-word seed is generated using RNG from the device and the computer. This spreads out the source of entropy.

The HD seed is then generated offline on the HW.1’s smartcard and displayed on your computer’s screen. This is the main problem with the Ledger HW.1: it doesn’t have a screen. Since the seed is displayed on your computer’s screen, setup your HW.1 on an offline computer or bootable operating system. Ledger offers a USB drive called Ledger Starter which you can use to setup your HW.1 securely.

A 4-digit pin code is added on setup. The pin code is required to view balances when plugged into any computer and for each transaction. Three incorrect guesses of the pin code will wipe the device.

The Ledger HW.1 comes with a security card that provides extra two factor authentication and prevents man in the middle attacks. The HW.1 uses the security card as 2-factor authentication because it lacks a screen.

Each time you need to send a payment you will be asked to input some of the letters or numbers from the recipient address using the security card.

ledgercard

Using the example security card shown above, b equals 9 while x is 1. Each security card is unique and provides two-factor authentication in the case that your HW.1 is stolen. If someone has your HW.1 and your pin code, but not the securty card, they won’t be able to send your funds.

The HW.1 uses an CC EAL5+ smartcard to securely sign Bitcoin transactions.

Setup and Initialization

To setup your HW1 you will need to use the Ledger Wallet Chrome extension or the Ledger Starter. Using the Ledger Starter is more secure because it creates your seed in a secure enviroment.
schema-ledger-hw1

Privacy

As with any hardware wallet, using your device is only as private as the software wallet it’s used with. Many software wallets have support for the HW.1: Electrum, Mycelium, Copay, GreenBits, GreenAddress, Coinkite, and the Ledger Chrome wallet. Electrum, Mycelium and Coinkite support Tor and can offer additional privacy. Copay can be used with a Bitcore full node which is also a very private way to use your HW.1.

Ledger Mobile Apps

Unlike the TREZOR or KeepKey, the HW.1 doesn’t have a screen that can be used to verify outgoing transactions. Instead, Ledger’s iPhone app or Android app can be used a screen to confirm payments. This isn’t ideal, as the mobile apps will in most cases run on internet-connected devices. It is, however, a decent solution for a hardware wallet with no screen.

Does the HW.1 Work with Litecoin?

The HW.1 can be used to store Litecoin, DASH, and other altcoins. It’s up to software wallet developers to integrate support–the device itself is compatible with any altcoin.

Visit www.hardwarewallet.com to Buy.