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How to Shield Your Ledger Nano X Crypto Assets: Firmware Update Worries? Use a Passphrase! 

The CryptoDad
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2 окт 2024

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Комментарии : 227   
@MrEvans557
@MrEvans557 Год назад
This video was on point. Good job sir. And you didn't even charge a dime. God bless you and yours!
@CryptoDad
@CryptoDad Год назад
I appreciate that
@12kvisions
@12kvisions Год назад
good grief - self custody next level - I’d do this if I were an OG with a huge bitcoin bag - but I’d have to be in the mood to set up with my tiny bag. I’ve bookmarked this vid and will revisit again when to stars align. Thanks crypto dad!
@alansimon1354
@alansimon1354 Год назад
I've had my Ledgers for 2+ years and never knew this. I found this a bit complicated and I'll have to watch 2-3 times but Im, sure it'll be worth it - thanks!
@alvaretzotbg
@alvaretzotbg 8 месяцев назад
I just came across your video and I have no words to express how helpful it is to me. It solved a lot of problems and saved me time and now I feel much more confident about how to work with the passphrase. Thanks!
@rumbatimba
@rumbatimba Год назад
Awesome video. I was going to ask how do you remove/hide the PP accounts in Ledger Live, but you covered it like a blanket. ;-)
@Farzam.Atashkadi
@Farzam.Atashkadi Год назад
Although I knew it completely but I watched it till the end !!! You know why? Even English is not my native language, I understand what you are saying completely. So, not only are you a great teacher, but you also speak so clearly that leads me to watch all of your videos until the end. Even I know the content completely. I appreciate your work. Great job Viva from Iran, Tehran. ❤❤❤
@CryptoDad
@CryptoDad Год назад
Merci!
@shaiksajid4739
@shaiksajid4739 11 месяцев назад
Same
@janicel3989
@janicel3989 11 месяцев назад
❤🎉😊
@ravibahal5969
@ravibahal5969 Год назад
Incredible video as always. You're doing a great service to us all. Respect!
@DAVIDJCARON
@DAVIDJCARON Год назад
Great tutorial.. a video showing how to create multiple PP configurations without losing/replacing/wiping the 1st PP configuration, would be helpful..
@CryptoDad
@CryptoDad Год назад
Great suggestion!
@truegent68
@truegent68 11 месяцев назад
Great video, I only hope people realise how important this information is 👍
@CryptoDad
@CryptoDad 11 месяцев назад
I hope so too
@Ben-me8dx
@Ben-me8dx 4 месяца назад
Really good job explaining this quite complex procedure. Thank you a lot !
@FrancesReed-dy1tv
@FrancesReed-dy1tv 5 месяцев назад
You literally should do the videos for ledger. The Dan guy really was confusing. I thought I had to do a passphrase for each coin. OMG
@NemoHoes323
@NemoHoes323 Год назад
Personally speaking for myself bc I own a ledger nano s. Your keys don't ever leave the device until you humanity import them into a software wallet or better known as a mobile or hot wallet. It's not that I trust Ledger because there is no trust in crypto. People need to take a step back and relearn to use a hardware wallet. I feel that more education is still needed but you're doing a great job crypto dad!
@investing1223
@investing1223 Год назад
I connect mine to metamask but that's not importing the seedphrase. Is that what you're talking about? Or do you mean actually recovering the wallet from on an online wallet using the seed phase?
@NemoHoes323
@NemoHoes323 Год назад
@@investing1223 if your using a hardware wallet the seed phrase never left the wallet. Now if your trying to connect your hardware wallet to metamask. Metamask will scan your device for activities and import it to the interface. Again the private keys never left until you humanity entered the private keys to metamask wallet than that's when you compromise yourself. Metamask has an opinion to scan hardware wallets like ledger and tezor.
@skyfall1975
@skyfall1975 Год назад
When someone makes the big mistake to use the ledger 24 recovery seed in metamask for setting up they will learn that their Bitcoin will never show up in there in case the Ledger account does hold them 😂😂😂
@trustinginhim1698
@trustinginhim1698 Год назад
Security ,pass phrase is not going to stop any government with this update,.. Come on people,think.
@allisondemars3525
@allisondemars3525 Год назад
They dont have the ledger nano s anymore I don't think the ledger nano s plus is the same as the regular s. I think there was a reason they dont make the ledger nano s anymore. Those lucky enough to have got them I believe have the best security. Thats why they dont offer it anymore but thats just why I'm thinking they "discontinued" it who knows 🤔 🤷
@paulblack1959
@paulblack1959 Год назад
Always appreciated. Great video. God bless, Paul
@TheMotivatedMan-kw9wr
@TheMotivatedMan-kw9wr 3 месяца назад
Thank you
@skyfall1975
@skyfall1975 Год назад
Thanks for this great video! It will be a direct hit by viewers because off the extra safety for your Ledger holdings. I like to add that people can check the new pass phrase setup for error free working. There is no need to do a test transaction from the pass phrase account to check if you ever can whitdraw coins. Just do the steps to verify one off your receiving adres in your new pass phrase setup and if that’s okay it’s working perfect. Should be but just for peace off mind. The under duress situation can be a handy thing in some usecase but that’s not the biggest thing to worry about. I mean they can also force you to empty you bank account when someone is together whit you on a computer. Highly uncommon situation unless you are a known miljonair. Best is to keep your Ledger in some vault so you cannot sent crypto anyway. The 24 recovery seed and passphrase should be in very dark place and separated location as your Ledger devices.
@Bitrim
@Bitrim 5 месяцев назад
Can the Pass Phrase account be recovered in any wallet other than the ledger, with the 24 words Recovery phrase + its 1 associated Passphrase. example: If I loose my ledger (or ledger goes out of stock/bankrupt etc) and I don't have any access to a new ledger for days, and in an emergency I want to access my funds of my "PASSPHRASE ACCOUNT" through a software wallet. will that be possible? Thanks!
@janicel3989
@janicel3989 11 месяцев назад
❤🎉😊
@petewatchcollector
@petewatchcollector Год назад
Really helpful. Thank you very much! What are your thoughts on the backdoor issue/password recovery service at Ledger?
@kennywong6045
@kennywong6045 5 месяцев назад
Please help! My situation: i have created the passphrase and secret account (with my assets) a while ago. For some reason I hv forgotten the passphrase so I created a new passphrase (with new pin and acct) and hope to transfer the funds from first secret acct to second) only knowing the first secret acct pin is no longer valid!! what should I do as my funds are still in the first secret acct? thank you much if you could shed light. I didn't know the pin for first secret account would be overwritten once I hv created a new passphrase?! I can still "see" my account on ledger live just can't move funds out of it since my pin is no longer valid~~
@SurrenderedByGraceMinistry
@SurrenderedByGraceMinistry Год назад
You are the best bro!!!! God bless!!
@miabarry
@miabarry Год назад
Can you do a passphrase restore video? Ledger did one but I'm sure yours will be better.
@CryptoDad
@CryptoDad Год назад
All you have to do is a restore, and then repeat everything in this video to regain access to an existing passphrase. Instead of creating a new passphrase, you simply use the one you already have.
@JohnDoe-yb6fu
@JohnDoe-yb6fu Год назад
Can u send assets directly to the passphrase protected account, rather than from the base account on Ledger Live?
@CSM-68
@CSM-68 Год назад
When you are in ledger live will you see both the Base Account and the PP Account? Couldn't the person who had you under duress see all your assets? Watched to the end to answer my own question.
@skyfall1975
@skyfall1975 Год назад
Yes you can see all the accounts once created but you can delete them afterwards and they will be gone. The crypto stays safe on the blockchain and under duress nobody will have a clu unless the sit down whit you and add all the accounts back but then you will have to give them the second pin for passphrase account, and that’s something we will not talk about offcourse to nobody 😅
@KaliShabazz
@KaliShabazz Год назад
Greetings I need to contact you away from platform
@vergeok6079
@vergeok6079 3 месяца назад
helped a lot,thanks CryptoDad
@JohnDoe-yb6fu
@JohnDoe-yb6fu Год назад
This is Excellent! Thank U for showing this. I'm just now pulling the trigger on setting up my Nano, after purchasing 2 weeks before the unsettling announcement 2 or so months ago.
@CryptoDad
@CryptoDad Год назад
Glad it was helpful!
@gtcstorm40
@gtcstorm40 10 месяцев назад
How do we know ledger could not get our passphrase ?
@harryh365
@harryh365 Месяц назад
Great video. Cant find any info on it so hopefully you can help. In the event my ledger is lost/destroyed and i need to recover my funds into a hot wallet temporally, what wallets allow for use of the passphrase. Dont hold bitcoin but needs to be compatible with avax, sol, eth etc. Thanks
@CryptoDad
@CryptoDad Месяц назад
@@harryh365 importing your hardware wallet seed phrase into a hot wallet is a really bad idea. I understand that you’re thinking it would just be a temporary fix, but it’s better to be proactive and have a second device already in hand. In fact it makes sense to have that second device already restored so that it is a mirror backup should anything happen to your go to device. This is a much better strategy than, having a hot wallet as your temporary option. Having said that, almost every wallet out there supports BIP 39 seed phrases this article has a comprehensive list. Keep in mind that a lot of these restores won’t be seamless. They may not see all of your accounts, but given the myriad of options available, there are plenty of ways to access your crypto should you need to temporarily getcoinplate.com/blog/bip39-compatible-wallets-list/?srsltid=AfmBOorERhWcQrr0-kkKtxiys4vAElwlkzENnDAVHI25T8-OukZC1lkK&v=7516fd43adaa
@conanxl
@conanxl Год назад
Great job, thanks for the video
@TanCai
@TanCai 9 месяцев назад
How to recover the passphrase account on new devices? Thank you.
@TanCai
@TanCai 9 месяцев назад
Did the passphrase account only available at Ledger Device? or it can also be recover from other brands device that support the same coins?
@OriginalGacole
@OriginalGacole Год назад
If your crypto funds are on the passphrase account and you went to transfer them to a new hardware wallet like d'cent for example because your current ledger gets destroyed or lost, how exactly do we do that? because the funds wont be on the orignal account under the 24 word seedphrase do the other hardware devices allow us to enter 25 words?
@CryptoDad
@CryptoDad Год назад
Yes, the wallet that you’re moving to would need to support passphrases. Some do some don’t. I don’t think the D’cent does. Of course you could always just do a wallet to wallet transfer once you’re in the passphrase configuration
@OriginalGacole
@OriginalGacole Год назад
@@CryptoDad thank cryptodad 🙏🏿
@skyfall1975
@skyfall1975 Год назад
It’s always better to have 2 ledger devices so that it’s always possible to fast do a recovery of your accounts. Even when this means to temporarily reset the second ledger device, offcourse you need to be sure you did safe the 24 recovery seed along whit the (when used there) passphrase so you can set it back up after the debacle 😅
@chullotm1970
@chullotm1970 Год назад
@00:20:05 Question Rex....if someone is standing over you w a gun and you logg in LL they will see both accounts, the one w the initial pin w their affiliated accounts w balances AND the 2nd one w the 2nd pin (the PP) w their accounts w balances.....at that time you cannot say this is all I got, cause they will see indeed what you got. Now you said you just hide the PP accounts and they will not be visible in LL...but here it comes now....the bad guy will look at the transaction history of your initial pin affiliated accounts and they will know something is wrong. So this video will only work fullproof with a new device!
@CryptoDad
@CryptoDad Год назад
I covered those concerns in the "Additional Security Considerations (Account Management)" 38:57 I know it is a long video! Long story short: to be foolproof, you would indeed need to create a new base (or diversion) account from scratch with no large outgoing transactions.
@chullotm1970
@chullotm1970 Год назад
​​​​​@@CryptoDadI did watched the entire video Rex...my remark is only the following; only at the very end one can logically know that the only foolprove option is to use a brand new Nano without any transaction history. It is just my opnion not to be mean, but looking at the thumbnail or watching the whole video you only state my opinion at the last few minutes. In other words, during the video I already asked myself 'what about the transaction history in the initial accounts' and I had to wait until the very end to understand it is not foolprove. I would not like to be in ur shoes, I think u r doing great the last 7y or so! Best Regards from Rotterdam.
@CryptoDad
@CryptoDad Год назад
@@chullotm1970 Yes, I totally understand. Actually, the thought did not occur to me until the end. You could buy/use a new device, or you could do this: 1. Add passphrase 2. Transfer all crypto to a PP configuration. 3. Delete original accounts. 4. Create new decoy accounts and fill them with some decoy crypto. That way, you would not need to spend the money on a new device. Thanks for pointing that out.
@skyfall1975
@skyfall1975 Год назад
After funding your passphrase accounts you can safely delete them in Ledger Live along whit the transaction history. The only transaction history will be in the original account but they see only some crypto send to a random wallet adres. When they don’t know for sure I believe nobody will have you hostage for very long time. Hopefully not 😢
@pomme4moi
@pomme4moi 2 месяца назад
I like this guy. But if it takes 42 minutes to explain how to set up a passphrase, then Ledger’s implementation of passphrases is way too complex.
@CryptoDad
@CryptoDad 2 месяца назад
A fair point. Although I do agree that the Ledger interface for entering a long and complicated passphrase using a ledger device is indeed wonky and difficult. (The Ledger STAX implements this feature much, much better) I believe the length of the video is totally my fault. I tend to do demonstrations as if I were teaching in a classroom and speaking to people with no knowledge. It's basically just my style. Some people find it helpful, others would rather view a short overview. I admit I'm a bit of a dinosaur on RU-vid these days.
@SoundNostalgia
@SoundNostalgia 8 месяцев назад
Hi sir, my ledger live application is popping a ledger firmware update 1.1.1. What update it is and should i go ahead with that or not provided if i dont want the ledger recover service to opt? Plz guide. thanks
@SngreNuevaSinaloense
@SngreNuevaSinaloense 6 месяцев назад
Mine is popping too. In order to send assets to an exchange I need the update. So I already got the passphrase to move them to new accounts so it’ll be safe. This video is helping me!
@albertocoutinho5703
@albertocoutinho5703 9 месяцев назад
I'm not able to create some pp accounts in ledger live, I think I should update my firmware
@CryptoDad
@CryptoDad 9 месяцев назад
Well, it’s a bit tricky, but just remember the passphrase is tied to the device. However, the device itself is already paired up to your mobile app. All of the configuration is done on the device. That’s where you enter your passphrase. once you have done that you should be able to create new accounts in the mobile app that are based on the passphrase configuration since you already have the device paired, the trick is making sure you know which accounts are tied to the passphrase and which accounts are tied to the base configuration. The mobile app does not allow you to name the accounts as they are being created, But once you have an account set up, you can go in there and edit the name, so for example, you could create a bitcoin account based on the passphrase configuration and then go into the app and rename it bitcoinPP or something like that. For the passphrase protected accounts it might make sense to delete them so that a casual observer won’t see them. only re-create them every time you have entered the passphrase on your device. That way they stay secret.
@vortexas9393
@vortexas9393 Год назад
Great video! I would love to see how to restore a device with your secret passphrase. Do you enter it after your regular 24 word phase? Or do you have to do a separate restore procedure only with your secret passphrase? Do you need your second pin for that restore? Thanks
@CryptoDad
@CryptoDad Год назад
You just restore the device as usual and then go through the exact same steps in this video only this time there will be existing accounts since you created the passphrase already. Just make sure you use the exact same passphrase you used before. That is why I recommend that you write it down.
@skyfall1975
@skyfall1975 Год назад
The PIN code used for opening your Ledger will never be needed to recover 24 recovery seed or passphrase account. The pin gets deleted when you reset a Ledger and does not be stored in the blockchain like the recovery seed and passphrase.
@jimbean8643
@jimbean8643 9 месяцев назад
Does passphrase need to be in excat order say it was keep could u recover account by putting in peek instead same characters but different order
@CryptoDad
@CryptoDad 9 месяцев назад
No, it has to be exact.
@jopadjr
@jopadjr Год назад
130th...Thanks CryptoDad
@riverstones-wd40
@riverstones-wd40 6 месяцев назад
Yer but this doesnt negate the issue of ledger having access to seed phrases This is just cheating a masked robber 😂
@CryptoDad
@CryptoDad 6 месяцев назад
Ledger does not have access to your seed phrase. Even if you use their recovery service, which I don't, it is encrypted and only you can initiate the restore process.
@ianhunja5236
@ianhunja5236 Год назад
This is genius🎉
@FernandPors
@FernandPors Год назад
Thanks for this explanation. You will have to remember which assets you hide in Ledger Live, or write it down somewhere. If it's a lot of assets and you forget, you might not find some of them back
@CryptoDad
@CryptoDad Год назад
As long as you remember your alternate pin, you can always go back in and just try several cryptocurrencys by choosing add account. You might stumble on one you forgot about.
@skyfall1975
@skyfall1975 Год назад
It does not mind if you login in the original account or the passphrase account, all your assets are visible in your Ledger live once you did ad the accounts or imported them. But yes when you have to do a new setup some day you need to remember the tokens/account you have. But actually that is also the situation in the original recovery seed account. I assume people know or write down their crypto buys and so the holdings.
@Getitright23
@Getitright23 9 месяцев назад
Another Ledger debacle just announced by Ledger. Apparently there’s a way to sign using “clear signing” instead of “blind signing”. Can you help to understand how to set this up?
@TheMotivatedMan-kw9wr
@TheMotivatedMan-kw9wr 3 месяца назад
Is what you did to add the accounts back, the same way you would bring assets back to visibility after using seed phrase recovery (if you ever had to)
@CryptoDad
@CryptoDad 3 месяца назад
Yes, exactly When you restore a ledger device, even though it holds the master private key, it does not remember any of the apps that you had on there before. So you’re going to have to manually search for them by going through the “add account” process. That is, of course, if you’re installing it on a brand new machine. In many cases, you might need to restore your device, but your Ledger Live desktop is still intact. In that case after the restore, you simply need to go to each account and do a test receive. This will perform a hardware check to make sure that your hardware device is back the correct configuration. It will also automatically install the appropriate app as you’re running the check for example, when you go to your bitcoin account and click receive, make sure your restored device is connected and the pin is entered. Ledger Live will connect to your device and search for the bitcoin app if it doesn’t find it, it will automatically install it for you and then do the hardware check.
@TheMotivatedMan-kw9wr
@TheMotivatedMan-kw9wr 3 месяца назад
@CryptoDad awesome. Makes perfect sense. This was the one part of ledger I didn't understand but do now. Makes so much sense to use the passphrase feature, Thanks again
@fatwallet13
@fatwallet13 Год назад
Brilliant information & advice buddy.
@CryptoDad
@CryptoDad Год назад
Glad you enjoyed it
@nuffsaid8706
@nuffsaid8706 Год назад
It still shows my paraphrase account on ledger live beneath the base account
@CryptoDad
@CryptoDad Год назад
Easily add and remove accounts in ledger live. All you have to do is right click on the account and choose edit account and then delete to remove it. It won't be gone. It'll just not be showing up in ledger live anymore.. You can easily re-add it as I demoed in the video.
@nuffsaid8706
@nuffsaid8706 Год назад
@@CryptoDad thank you and God Bless you…I must’ve missed that part….
@Chadswonderfulwalkingtours
@Chadswonderfulwalkingtours Год назад
Listening from Mackinac Island
@CryptoDad
@CryptoDad Год назад
Yah Chad! Hope you are well! Favorite Chad Quote: "Mackinac Island is a drinking island with a tourist problem!"
@gpnulife
@gpnulife 11 месяцев назад
didn't write down passphrase and forgot what it is.
@CryptoDad
@CryptoDad 11 месяцев назад
Ouch that's a bummer. While you still have access to your device, I would recommend that you get a new hardware wallet. Make sure you write down the seed phrase of the new wallet and store it in a safe place. And transfer your assets to that.
@AB-zw7il
@AB-zw7il 11 месяцев назад
Hello, What are your thoughts on attaching a secondary pin to a passphrase protected account instead of using the temporary passphrase option? Thanks
@CryptoDad
@CryptoDad 11 месяцев назад
I have some thoughts on that. They may not be entirely accurate, but this is my thinking. If you're using the set temporary option, a would-be hacker or cracker would have to try huge variety of combinations (uppercase, lowercase, digits, special characters) to hack your passphrase. Whereas if you were simply using the attach-to-pin they would only have to worry about cracking and 8 digit numerical pin. Another issue that some people have brought up is that, if you have done the attach-to-pin method, then you have effectively saved your passphrase somewhere in the device so that it can be implemented when you enter your secondary pin. Now I'm assuming that this passphrase is stored cryptographically, but the idea that it's saved somewhere would encourage me to use the "set temporary" method instead. However, it is extremely tedious to enter your passphrase on the device. The set to pin method is much, much, much easier to access your alternate configuration So there's that.
@jacobpula
@jacobpula Год назад
Even if remove pp accounts from ledger live, is there a still possibility to track my wallet through transactions on the blockchain? But having my passphrase stored secure, i have nothing to worry about? Did i get it right? Ps: awesome, clear tutorial 😀, thx.
@CryptoDad
@CryptoDad Год назад
Yes, even passphrase-protected accounts are transparent on the blockchain (at least for most cryptos) but your private key is definitely secure (as long as you don’t forget your passphrase)
@jacobpula
@jacobpula Год назад
@@CryptoDad one more question: can i recover access to my passphrase accounts without my 24 seed phrase, only using passphrase? For example, i no longer need to use any of my base configuration accounts, i just want to transfer all the cryptos to pp accounts and hide them. Can i forget about all the mess around seed phrase and treat Ledger as my fully controlled personal wallet protected by myself (passphrase)? Thx
@xrpo.g6855
@xrpo.g6855 8 месяцев назад
Quick question: Do you have to be signed into ledger live and connected to the internet to complete the setup. Or can u do the set up of passphrase on the ledger by just simply plugging it into any laptop as long as there is power source to the ledger.
@shift-happens
@shift-happens 11 месяцев назад
neat
@drbailey7172
@drbailey7172 9 месяцев назад
Great Job!!!!!!!!!! as always Thank You. Dennis
@RaulSouza12w
@RaulSouza12w 8 месяцев назад
Great video! You really walk us through setting up the passphrase in a practical way.
@karimtonji
@karimtonji 9 месяцев назад
I mean i forget the additional pin phrase . If i restore my devise do i can find my crypto coin
@CryptoDad
@CryptoDad 9 месяцев назад
If you forget your passphrase pin, then you lose access to those coins.
@karimtonji
@karimtonji 9 месяцев назад
@@CryptoDad realy
@TheBolillo310
@TheBolillo310 Год назад
do you have a video on how to set up a passphrase on a new device
@CryptoDad
@CryptoDad Год назад
You would just set up a new device and then follow the steps up to point 14:00 in the video. Then you would create new accounts. In that scenario you would not need to worry about transferring from your base accounts. However, it might be smart to create some decoy accounts.
@CatamaranChannel
@CatamaranChannel Год назад
👍👍
@albertocoutinho5703
@albertocoutinho5703 9 месяцев назад
Can I create passphrase in nano S?
@CryptoDad
@CryptoDad 9 месяцев назад
Yes, the process is the same.
@cryptoburo7145
@cryptoburo7145 10 месяцев назад
Your Ledger content is BETTER than Ledger's. Their guy showed HOW to create passphrase & pin but YOU explained that you can create a long passphrase, increasing entropy greatly, because we only have to enter it once, after which we use our pin#2. /// Question: Ledger Nano X has a timeout & I keep having to re-enter pin. Annoying. Timeout on max already. Is there a workaround? Is a 4-digit PIN risky in case of theft of the device?
@CryptoDad
@CryptoDad 10 месяцев назад
Yes, if you hold down both buttons for a few seconds, you’ll enter the command center. What you’re gonna wanna do is scroll over to settings, and then you’ll navigate using the right button over to “security” in security,There is a pin lock and a screensaver menu selection. In both of those I go in and set them to never, that way it never goes into sleep mode. Just remember to disconnect your device when you’re finished using it so no one can walk along and manage your crypto. 😊
@feiwong70
@feiwong70 6 месяцев назад
21:58 when you said “enter normal PIN”. Do you mean the base PIN (or PIN#1) on your paper? So we would never used PIN#2 unless we want to change/get to Passphrase configuration?
@CryptoDad
@CryptoDad 6 месяцев назад
Correct the base pin #1 is for the base configuration. Pin #2 is for the passphrase configuration
@aribriddell
@aribriddell Год назад
Thank you so much for this video!!!💯💯
@diabdoul
@diabdoul Год назад
Daddy, your are the best !!!
@paulsimon3685
@paulsimon3685 Год назад
Hey. Great video. Let's say Ledger can see my seedphrase but not my passphrase. I'm safe. No one but me can access my funds. But, let's say that for some reason, in a month Ledger goes out of business and Ledger Live app won't work on pc or mobile. How will I be able to access my wallet which is created using the passphrase, hence the 25th word? As far as I know, all the other wallets only support 12 or 24 seephrase combination. Thanks
@CryptoDad
@CryptoDad Год назад
there are other wallets that support 24 word seed phrases and passphrases. You can restore to those. Trezor, Keepkey, Ngrave, are a few.
@daneikermann4923
@daneikermann4923 Год назад
Thank you brother,excellent instructional as always.
@elchnxx
@elchnxx Год назад
Hi CryptoDad, its safe to update Legder Live to v2.64.2? Great video... Thanks!
@CryptoDad
@CryptoDad Год назад
I did an entire video on this subject. It is broken down into chapters. If you don't want to watch the entire thing, you can check out the chapter list in the description. Understanding & Updating Ledger Nano X Firmware: Navigating Trust in Hardware Wallets: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-JTPO2eK_Azo.html
@fabiomagalhaes1
@fabiomagalhaes1 Год назад
Hello, about the last part of the video, if you delete the Bitcoin Main wallet, does it not lose the transaction history? If yes, then we send Bitcoin from Bitcoin Main wallet to Bitcoin PP wallet and then delete Bitcoin Main wallet and again "install" it and it will appear without history. Am I right? Thank you for your contribution to the community through these videos.
@CryptoDad
@CryptoDad Год назад
You can remove and add accounts in Ledger live. But they won't lose their transaction history. The history will still be there when you re-add
@mayankZed
@mayankZed Год назад
New ledger firmware update has again come up ver 2.2.2. It has made some part of the OS code related to Ledger Recover open source. Safe to Update?
@CryptoDad
@CryptoDad Год назад
Yes, I updated mine. They are staring to open source the firmware. This latest firmware update is the first step in the process.
@ianaital5897
@ianaital5897 Год назад
What happens if you set up hidden accounts with a 25th pass phrase attached to new Pin then happen to damage or lose the ledger device? Are your hidden accounts still accessible with a new device?
@CryptoDad
@CryptoDad Год назад
Yes, you would simply restore to the new device and go through the exact same process you did to set up the passphrase attached to the pin. Just make sure you use the exact same passphrase on the new device. The crypto will still be there, of course.
@kristendavis8309
@kristendavis8309 8 месяцев назад
Wondering if I should purchase Eth or Eth Classic for gas money to transfer Shib to PP? Thank you, @cryptodad!!
@kristendavis8309
@kristendavis8309 8 месяцев назад
Excellent, I went with Eth.
@bobeos
@bobeos 10 месяцев назад
Great tutorial, thank you! I’ve tried to add a passphrase to my Nano S however I get an error message when trying to add it. Not sure why and unable to get an answer from Ledger for the past week
@CryptoDad
@CryptoDad 10 месяцев назад
I have seen an error message while trying to enter a pass phrase. What message are you getting?
@kennybaierl2987
@kennybaierl2987 Год назад
How do you feel about the security of other hardware wallets that may not offer passphrases? Example, dcent or trezor? Just curious your opinion.
@albertocoutinho5703
@albertocoutinho5703 9 месяцев назад
Tangem as well
@ERICA-bg4op
@ERICA-bg4op Год назад
How could I make an account for a ethereum account with a pp? Or for a usdt or usdc account? Is it possible to create one for the ones I mentioned?
@CryptoDad
@CryptoDad Год назад
All three of those types use an Ethereum account/wallet. Simply enter your PP configuration and choose “add account” then choose Ethereum.
@rebeccamccrea6230
@rebeccamccrea6230 Год назад
Are you saying that anyone around the world can see my ledger live crypto or did you mean only if you had a roommate?
@CryptoDad
@CryptoDad Год назад
Blockchains are public. Anyone can see them. Unless you are using privacy coins like Monero or Zcash. They can't necessarily see your ledger live directly, they can only examine the individual blockchains of the crypto you own.
@ravibahal5969
@ravibahal5969 Год назад
I'm assuming this also works on the S+. Yes?
@CryptoDad
@CryptoDad Год назад
Absolutely., The ledger nano plus also supports passphrases.
@djbrianschack4799
@djbrianschack4799 11 месяцев назад
Great video!! One question though. Why cant you just use the passphrase on the base account??
@CryptoDad
@CryptoDad 11 месяцев назад
There is no way to "attach" a passphrase to an existing wallet. When you enter a passphrase, you basically create a new wallet with a different master private key. After that, you can transfer your assets from the base account(s) to the passphrase account(s)
@djbrianschack4799
@djbrianschack4799 11 месяцев назад
@@CryptoDad thanks
@versatile891
@versatile891 Год назад
I thought the 24 word phrase are your keys and if that devise gets destroyed or lost your able to buy another ledger punch in your 24 word phrase and your crypto should be there.
@CryptoDad
@CryptoDad Год назад
that is true
@skyfall1975
@skyfall1975 Год назад
Correct but that’s not where this video is all about…
@mightyman1678
@mightyman1678 Год назад
Will passphrase work if you already have your ledger set up with an account
@CryptoDad
@CryptoDad Год назад
You can always add a passphrase once you have your ledger accounts set up. Just remember that once you're in the passphrase configuration, you will need to create new accounts to store behind the passphrase. Basically, once you have entered the passphrase, it's like you're using a completely different device that needs its own accounts. If you wish to manage your existing accounts, all you have to do is disconnect the device and reconnect it without entering the passphrase, and you'll be in the base configuration.
@mightyman1678
@mightyman1678 Год назад
​@CryptoDad once I have passphrase how do I move funds from base account to passphrase..... would I have to transfer to exchange then to passphrase account
@LyOnCr01
@LyOnCr01 Год назад
Very nice. But for eg let's say I reset my ledger device...I enter my seed, I get my base accounts...what about the accounts that are protected by the passphrase? how do you recover those?...there is no way right?
@CryptoDad
@CryptoDad Год назад
All you have to do is repeat the passphrase setup to gain access to the passphrase-protected assets. (after the restore)
@LyOnCr01
@LyOnCr01 Год назад
@@CryptoDad ahh nice...thx for the quick response 👍🍏
@Aitchi1
@Aitchi1 11 месяцев назад
Would this be with a brand new passports but once that section is activated the hidden accounts would be discoverable. So loss of your 24 word seed phrase would still lose access to hidden wallets on the new device if someone new what they were doing right? So this is about in person deniability under duress?
@robertwind6511
@robertwind6511 Год назад
Is it possible to change the phrases passwords in ledger so that no-one can know the new password phrases , if i am hacked?
@CryptoDad
@CryptoDad Год назад
You can't change your seed phrase without doing a full device reset. But then you would need to transfer your crypto to the new accounts/config. You can always use a different passphrase, but again you would need to transfer your crypto assets to the new accounts/config. There is no way to simply edit/change a passphrase on an existing configuration
@robertwind6511
@robertwind6511 Год назад
Hello CryptoDad, I am total nervous, because they could get my coins on Ledger and Metamask. What would you suggest to secure the still connected coins that are connected to metamask and ledger? I want to avoid them stealing too!!! I am total shocked, really! Thnaks a lot!!!
@Andrew-mk7rm
@Andrew-mk7rm Год назад
Instead of making an alternative "passphrase" account, can you just add a passphrase (25th word) to your current/main account, just for extra security? That way even if someone gets your 24 word seed phrase, they would still need the passphrase that you just have memorized and not written down anywhere? Then i only need to remember one word that I chose myself, instead of trying to memorize 24 random words.
@ddddaaddaaaa
@ddddaaddaaaa Год назад
how to recover 25 word phrase on other wallet?
@CryptoDad
@CryptoDad Год назад
Adding a passphrase does not protect the crypto that is in the base configuration. You’re not just “Adding“ security to your existing crypto. You must move crypto into the passphrase configuration like I showed in the video.
@skyfall1975
@skyfall1975 Год назад
You got things mixed up! You never add an 25 word to the 24 recovery seed! It’s misleading term unfortunately and in fact you create a whole new area next to the recovery seed account and the new area can only exist when the 24 recovery seed account is created again on for instance a new hardware wallet.
@kkkkk-m8e
@kkkkk-m8e Год назад
Thank you for your efforts Question: without setting up PP, can i just delete account from my ledger live or can i delete my ledger live account? please let me know. Thanks
@skyfall1975
@skyfall1975 Год назад
You can always delete accounts from Ledger Live (Ledger) but they only being hided. Once a account is added the will live forever on the blockchain whit or whiteout crypto in that account.
@kkkkk-m8e
@kkkkk-m8e Год назад
@@skyfall1975 Thank you so much So if I delete ledger live account, my all crypto will show in blockchain. That's mean scammer/hacker still able to see if they want to. How much vulnerability i'm if i do not have passphrase, my ledger live has my crypto. Would you please give me some more information. I'm always worry about my ledger live and I also think passphrase is difficult for me.
@CryptoDad
@CryptoDad Год назад
Anyone can "see" your transactions on the blockchain. But only you can move/mange your wallet because only you have the device (private key) that is how crypto works
@TheVincent0268
@TheVincent0268 Год назад
How does Ledger Live generate the address for PP when you are not in that configuration? I thought that addresses are based on the private keys, which are obviously not available when the ledger Nano X is in the base configuration. In other words: how does it generate addresses without a hardware check?
@CryptoDad
@CryptoDad Год назад
The master private key is stored on the ledger device and is always available for generating addresses or new accounts. When you set a passphrase, it simply creates that new configuration based on the existing master private key and your passphrase. This configuration will be available until you disconnect your advice.
@TheVincent0268
@TheVincent0268 Год назад
@@CryptoDad I will try it out for myself and I think it becomes clear than
@fugly75
@fugly75 Год назад
Sir great video, but would this work for the nano S+ as well?
@CryptoDad
@CryptoDad Год назад
Yes it does. The Ledger Nano S Plus also support passphrases
@jonathancardoza5217
@jonathancardoza5217 Год назад
I just realized that my ether and dogecoin sent out from my ledger. The only thing I did was update my ledger . It is wierd because I have the rest of coins. Any idea what could of happen?
@CryptoDad
@CryptoDad Год назад
If you see outgoing transactions in your ETH and DOGE wallets that you did not initiate, then your wallet may be compromised. If the accounts are simply missing, just go to the Accounts section on the left and click the "add account" button on the upper right side. Choose ETH and follow the instructions (i.e. connect our device and open the Ethereum app). You should find your ETH account. Then do the same thing for DOGE.
@thewatcher2023.
@thewatcher2023. 10 месяцев назад
Hi.did you manage to find your ether and dogecoin? Just wanted to know because I have just updated mine now I'm keep checking my account to see nothing goes missing from mine.im scared now after reading your comment.please let me know and I hope you managed to find yours.thankyouu
@JohnWick-m2d
@JohnWick-m2d Год назад
Thank you Rex. I wish you could do a Hadera Hbar ledger live tutorial. I see you have an account and I did have one but unfortunately it locked after 1 sending transaction.
@CryptoDad
@CryptoDad Год назад
have not tried to move mine yet
@JohnWick-m2d
@JohnWick-m2d Год назад
@@CryptoDad Ok. I added my account from the ledger live. Already had 2 account on third party daps with ledger X. Unfortunately the account don't sync anymore. Very tricky and I know others who got stuck as well. Thanks for all the great videos you do for the community.
@jameswilde3203
@jameswilde3203 Год назад
great info and greetings from Ireland
@CryptoDad
@CryptoDad Год назад
Thanks for watching!
@alexwolf4000
@alexwolf4000 Год назад
How does this protect me from the new firmware upgrade? If the new firmware upgrade can acess my seed phase wont it take my passphrase account too ???
@CryptoDad
@CryptoDad Год назад
No, because only you know the passphrase
@skyfall1975
@skyfall1975 Год назад
Unfortunately many people will loose their crypto only by screwing up the safe store off their 24 recovery seed. There will be even more people who will loose their assets after activate and fund the passphrase account. That’s haw secure the passphrase account is 😅
@alexwolf4000
@alexwolf4000 Год назад
@@CryptoDad But the passphrase is saved with the seedphrase isn't it? If the new firmware can access my seedphrase why can't it access the passphrase
@noezapata
@noezapata Год назад
what if your want to use metamask in the future, Metamask can foun that hiden wallet?
@CryptoDad
@CryptoDad Год назад
You can access passphrase-protected configurations using Metamask (there is a place to enter passphrases when you connect your hardware device)
@skyfall1975
@skyfall1975 Год назад
Metamask does not support Bitcoin so those will never show up in there. You need a hardware wallet like Trezor or Ledger second device offcourse.
@jimbean8643
@jimbean8643 Год назад
Is it true that ledger can not recover pass phrase account?
@CryptoDad
@CryptoDad Год назад
You have to recover your device, and then enter the passphrase. So someone that has your seed cannot access your crypto, even if they do a restore. They must also know your pass phrase, which, of course only you know.
@jimbean8643
@jimbean8643 Год назад
Does passphase fix peoples worries about the new recovery feature, does passphase act as a safe guard against ledger recover
@luiz9672
@luiz9672 Год назад
I cant transfer eth coins from coinbase account to my ledger without updating the firmware. Is there a work around this?
@CryptoDad
@CryptoDad Год назад
No, you need to update your firmware if you are using Ledger. However, you could also restore you 24 word seed phrase to a different wallet.
@luiz9672
@luiz9672 Год назад
@@CryptoDad would you trust new ledger update?
@AinzOoalG0wn
@AinzOoalG0wn Год назад
Hi Rex. You mentioned in 30:45 about transfering ETH, is it safe to transfer all? Or are you suppose to leave enough behind to cover transfer fees? In a situation where you are no longer using ledger, and plan to move everything (ethereum) to a different crypto wallet, can you just transfer all (max) safely? Or will ETH get stuck because not enough to cover transaction fees? how does that work exactly. Also does the same apply for bitcoin and other crypto as well?
@CryptoDad
@CryptoDad Год назад
You should always leave some Ethereum in a wallet for fees if you have ERC20 tokens in the wallet. If you have moved all of your tokens out, you can empty out the Ethereum. It's not the Ethereum that gets stuck, it's the ERC 20 tokens. Bitcoin does not have sub-tokens (well there are ordinals now... but that is another subject). There are also other Cryptos that have sub-tokens like Cardano, Polygon, BNB. All of these types of crypos use the main to crypto for fees so you have to make sure there is some in the wallets if you have sub-tokens.
@AinzOoalG0wn
@AinzOoalG0wn Год назад
@@CryptoDad oo so basically if we dont have erc20 tokens, just only eth, then it should be fine to MAX transfer without carefully leaving any behind? assuming we no longer will be using the old wallet anymore? thx rex :}
@CryptoDad
@CryptoDad Год назад
@@AinzOoalG0wn yes!
@Joshua-rb2hv
@Joshua-rb2hv Год назад
If I have a brand new ledger how would I add the seedphrase with the passphrase accounts? Would the new ledger that I'm putimg my old seedphrase in know that there is a passphrase associated with that seedphrase?
@mayankZed
@mayankZed Год назад
You just add the 24 seed phrase normally. Then in the settings (Security>Passphrase) you type in your EXISTING passphrase by attaching to pin (or setting a temporary one), just like when you type a new passphrase to create a new account, but here you type your EXISTING passphrase. Then login with that new pin to access your passphrase account. All your 24 word seed phrase + Passphrase should be the same as before.
@Joshua-rb2hv
@Joshua-rb2hv Год назад
@@mayankZed ok thank you for the time and response.
@CryptoDad
@CryptoDad Год назад
Yes exactly. the Ledger interface always acts like you are setting a new passphrase. It should say "set new or existing" passphrase. This is a source of confusion when dealing with passphrases on the Ledger device.
@Joshua-rb2hv
@Joshua-rb2hv Год назад
@@CryptoDad thanks as always
@vptrxvx
@vptrxvx 11 месяцев назад
How to recover passphrase account if my ledger device is lost ?
@CryptoDad
@CryptoDad 11 месяцев назад
Well, first, you'll get a new device and restore it using the seed phrase that you wrote down when you set up your original device. Then you will simply create the same passphrase again on the new device, and you will have access to all of the Crypto.
@vptrxvx
@vptrxvx 11 месяцев назад
@@CryptoDad thank You
@karimtonji
@karimtonji 9 месяцев назад
Hey, please if you could help me a forget my pin phrase?
@CryptoDad
@CryptoDad 9 месяцев назад
If you forgot your pin, then you’re going to need to restore your device using your 24 word seed phrase. And this time I would suggest you write the new pin down so you don’t forget it. I have a video on how to do restore: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Hh06E77eysA.htmlsi=TKT30glP9jGnJroW
@karimtonji
@karimtonji 9 месяцев назад
@@CryptoDad I mean secondary pin
@CryptoDad
@CryptoDad 9 месяцев назад
@@karimtonji are you telling me that you have a secondary pin attached to a passphrase?
@karimtonji
@karimtonji 9 месяцев назад
@@CryptoDad yes sir
@karimtonji
@karimtonji 9 месяцев назад
Yes sir I forget secondary pin attached to the phrase
@ozb10
@ozb10 Год назад
Is this necessary or just buy a tangem, dcent wallet lol
@CryptoDad
@CryptoDad Год назад
Tangem wallet is great. I've been using it, but it really can't replace my ledger Nano X. There's a lot of cryptos that I hold and a lot of 3rd party wallets that I've got set up that are not compatible with Tangem. So I kind of used them in parallel.
@ozb10
@ozb10 Год назад
@@CryptoDad thanks for the perspective 👍🏻
@asteriskesque
@asteriskesque Год назад
Ledger's code isn't fully open, so there's no way to be sure their firmware can't export your passphrase too (or the key created by it). People need to stop assuming things when they talk about how hardware wallets work, especially Ledger. If the code isn't 100% open source, you can't know for sure the device is truly safe.
@ozb10
@ozb10 Год назад
Even if you reset the device multiple times, how about adding the 25th word seed phrase as well . How is that not secure?
@asteriskesque
@asteriskesque Год назад
@@ozb10 Prove that Ledger's key extraction code can't extract a passphrase too. Don't quote Ledger. They've been lying to their users, so their word can't be trusted. Prove it. There's a saying in crypto: "Don't trust. Verify." Can't prove it? Can't verify it. Can't verify it? Can't trust it. I see a lot of people trying to make excuses for Ledger. Once Ledger's code gets hacked, they'll regret sticking with them.
@phonexayphetdara6709
@phonexayphetdara6709 Год назад
Can it works for nano s plus too? Thanks,
@CryptoDad
@CryptoDad Год назад
Yes the Ledger Nano S plus supports passphrases
@phonexayphetdara6709
@phonexayphetdara6709 Год назад
@@CryptoDad Thanks 👍
@24hrdiner
@24hrdiner Год назад
The robber will just ask for the passphrase
@averagebro2684
@averagebro2684 11 месяцев назад
Thank you for the video, it’s nice to have another layer of security! I appreciate how you took the time and explained everything so clearly, it was a breeze following along with you
@tongle438
@tongle438 Год назад
Hi CryptoDad can i ask what happen if you forgot your password Passphrase for some time period are there any chance you can recover these Passphrase that you been created? as i know seedphrase if you forgot you can recover with 24 words but i am not sure on Passphrase. Thank you
@maxentropy7596
@maxentropy7596 Год назад
Well meaning but… beastly confusing because there is no standardization of terminology and/ or consistent use of said terminology. Poorly communicated.
@CryptoDad
@CryptoDad Год назад
I went to great pains to explain the difference between the passphrase and the seed phrase. I also had longer a discussion about clarifying the terms: seed phrase, passphrase, password (for Ledger Live) and PIN for the device. I had to cut this discussion because the original video ran 50 minutes long! I always try to clarify myself when recording but end up having to trim a lot of my additional comments out during editing. I apologize if the end result was not a clear as it should have been
@maxentropy7596
@maxentropy7596 Год назад
@@CryptoDad I think you are making my point. It is not a ‘seed phrase’. It is a ‘recovery phrase’. Throughout the talk you used language casually. I did say, the effort was well intentioned. Lastly, there seemed to be no structure to the content. It rambled. :-)
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