this post was submitted on 17 Nov 2023
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Ledger Wallet (alien.top)
submitted 1 year ago by Ornery_Web9273@alien.top to c/ethereum@blockchained.world
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I have a significant amount of ETH in a Ledger wallet. I store the wallet, along with the phrase words, in a safe in my house. I know it’s extremely dangerous to store the Ledger and the words together but I’m really at a loss as to the best way to secure these things. I’m not an active trader so I don’t need easy access to the Ledger. I used to store the ETH on Gemini but got nervous with the Earn debacle and took them off. I’m worried I’m no safer now than on Gemini. Any suggestions?

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[–] haloooloolo@alien.top 1 points 1 year ago (1 children)

Where you store the Ledger doesn’t really matter that much, you still need the PIN to do anything. If you’re comfortable with where your seed is, storing them together doesn’t make a difference.

[–] 0xTylerHolmes@alien.top 1 points 1 year ago

Where you store your ledger is important. The pin you set is way less secure than the seed phrase. (It’s much easier to guess the pin than your mnemonic)

If anything I’d be more worried losing my ledger than an encrypted hard drive with my seed phrase on it.