re: Official CryptoTalk Thread

Rookie Question: I just setup my nano ledger and transferred a small amount from the exchange. Everything looks good. When my physical ledger is not plugged in, the ledger live app still shows my balances. I assume it's just displaying the last balance it saw. I guess what i'm trying to make sure of is, how to I determine if my crypto is stored locally to the device and not in ledgers online system. Please forgive my ignorance as i'm not sure how it works behind the scenes. TIA