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re: Official CryptoTalk Thread
Posted on 5/20/17 at 12:02 pm to TigeRoots
Posted on 5/20/17 at 12:02 pm to TigeRoots
Can someone please explain hard wallets to me? I don't have much eth but I plan to hold it for years and I've read that just keeping it in coinbase probably isn't the best idea. I see that the ledger nano s is one of the best but I'm still not sure how it works. Looks like you just plug it into your usb port on computer but then what? How does it keep things secure?
1
Posted on 5/20/17 at 12:18 pm to WG_Dawg
I looked into my ethereum wallet. It prompts you for a password to generate a wallet. This is your encryption password. Then it generates a file for you, which you save on your computer and a back up (flash drive). Then through that website you can upload a file; the one it generates for you, then it prompts for your password. Once you provide that it opens up the transfer screen and your ethereum "address" 42 character starting with a 0x. I just don't know if you can directly use this compatibly with CB
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