Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Taurus flag pattern Tips FET for $ 9.33 price target

2025-05-24

Lima becomes Innovation -Picentrum with Meta Pool and NTT Data Hackathon

2025-05-24

Trump’s controversial memecoin dinner aroused mixed reactions from those present on

2025-05-24
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Lima becomes Innovation -Picentrum with Meta Pool and NTT Data Hackathon

    2025-05-24

    Archer Hunter Partners with tilted on chain gaming on Sei

    2025-05-24

    What is BNB chain Maxwell hardfork?

    2025-05-24

    Collect collaborations with Ecocreds to accelerate sustainability in chains

    2025-05-24

    Enjin Blockchain makes cross-chain stablecoin transfers possible with Hyperbridge

    2025-05-24
  • NFT

    Trump’s controversial memecoin dinner aroused mixed reactions from those present on

    2025-05-24

    NFT -turnover drops to $ 129.8 million, Avalanche Sales Surge 200%

    2025-05-24

    Alchemy acquires NFT Launchpad Heymint to speed up the development of Smart Wallet

    2025-05-23

    Delorean launches a car marketplace on the chains with Patrick Stewart

    2025-05-23

    Beratone NFT Avatars are now live on OpenSea

    2025-05-23
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bitcoin Nossedives 4% Because Donald Trump threatens rates for imported iPhones and EU products

    2025-05-24

    Billionaire Bill Ackman collapses $ 1,039,000,000 in a single active in large portfolio shift: report

    2025-05-24

    ETH starts his climb to a milestone of $ 3K

    2025-05-24

    Hyperliquid’s market momentum pushes hype to new high

    2025-05-24

    According to economist and trader Alex Krüger, there is a new of all time for Bitcoin, but there is a catch

    2025-05-24
  • Learn

    Wat is circulerende levering in cryptocurrency?

    2025-05-23

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Web 3»People are raving about this new Ledger Wallet feature!
Web 3

People are raving about this new Ledger Wallet feature!

2023-05-18No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

TL;DR

  • Hardware wallet maker Ledger just announced “Ledger Recover,” a $9.99 p/m subscription service, and people are MAD about the potential security flaws.

  • Essentially, Ledger takes your password (a.k.a. seed phrase) and stores a backup of it, so if you lose your password, you can still access your cryptocurrency.

  • But the service requires you to provide ID, and the fear is, if someone can steal/obtain your ID, they can access your crypto. That is a valid concern!

  • BUT! You don’t need to subscribe to the Ledger Recover service – Ledger devices work fine without it. Do nothing to maintain higher security? Sounds good to us.

Full story

If you’re not familiar with the folks at Ledger, they make hardware wallets (this USB looking things).

The company has gone to great lengths to position itself as ‘the Apple of crypto’, and for the most part – it succeeded!

People seem to love the company’s products (including us).

…all products *except one*.

Ledger just announced Ledger Recover, a $9.99 p/m subscription service.

Essentially, Ledger takes your password (aka “seed phrase”), splits it into three parts, and stores each piece in three separate databases.

(The idea is that storing it in separate databases means hackers have to do three times the work to get access to your seed phrase).

So if you lose your password, you now have a backup option – where Ledger retrieves/shares and sends your seed phrase again.

(Previously, the responsibility for storing passwords was yours – if you lost it, you lost your cryptocurrency).

See also  Voting for the Terra Luna Classic v2.1.0 upgrade will begin soon

OK, seems logical. Why are people angry about it?

The service requires you to provide ID, and the fear is, if someone can steal/obtain your ID, they could gain access to your crypto.

And it is a valid concern!

People get hacked all the time thanks to SIM swapping where hackers call telecom providers, provide stolen ID/credentials and get a SIM card with the target’s mobile number on it.

They then use that number to change all victims’ passwords and access their accounts.

So, yeah… it feels like a pretty glaring security flaw.

But here the argument finds a natural ending:

You don’t need to subscribe to the Ledger Recover service – Ledger devices work fine without it.

Do nothing to maintain higher security?

Sounds good to us ¯\_(ツ)_/¯

Source link

Feature Ledger people raving Wallet
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Alchemy acquires NFT Launchpad Heymint to speed up the development of Smart Wallet

2025-05-23

Binance’s Changpeng Zhao is revising WSJ ‘Fixer’ Role statement for Trump-Gelioderde World Liberty Financial

2025-05-23

Introduction of .Brave: The official domain for 86m+ brave users

2025-05-23

XRP Ledger (XRPL) adds 3 new stablecoins to its ecosystem

2025-05-22
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Will there be another massive Bitcoin sell-off?

2024-09-02

Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

2025-05-22

Bitcoin Price Relatively Muted, What Are Chances of Recovery?

2023-08-28
Editors Picks

Plastichero expands its Blockchain recycling to the Middle East

2024-10-29

Mark Cuban debates crypto regulation with former SEC official

2023-06-16

Ripple (XRP) And Cardano (ADA) Poised For Potential Rebound – Santiment Reports

2023-07-08

Ethereum touches 2025 lows on these fronts: Is ETH in problems?

2025-03-18
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Taurus flag pattern Tips FET for $ 9.33 price target

Lima becomes Innovation -Picentrum with Meta Pool and NTT Data Hackathon

Trump’s controversial memecoin dinner aroused mixed reactions from those present on

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,422.60-0.12%
  • ethereumEthereum(ETH)$2,651.881.61%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.420.78%
  • binancecoinBNB(BNB)$683.320.50%
  • solanaSolana(SOL)$180.372.50%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2425701.84%
  • cardanoCardano(ADA)$0.812.40%
  • tronTRON(TRX)$0.2731790.29%
  • suiSui(SUI)$3.82-5.40%
  • hyperliquidHyperliquid(HYPE)$35.0515.09%
  • chainlinkChainlink(LINK)$16.591.94%
  • avalanche-2Avalanche(AVAX)$24.963.88%
  • stellarStellar(XLM)$0.3003471.03%
  • shiba-inuShiba Inu(SHIB)$0.0000152.04%
  • bitcoin-cashBitcoin Cash(BCH)$437.635.60%
  • hedera-hashgraphHedera(HBAR)$0.2025991.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.86-0.04%
  • the-open-networkToncoin(TON)$3.130.01%
  • polkadotPolkadot(DOT)$4.912.42%
  • litecoinLitecoin(LTC)$99.771.73%
  • moneroMonero(XMR)$392.06-0.86%
  • bitget-tokenBitget Token(BGB)$5.789.96%
  • pepePepe(PEPE)$0.00001510.83%
  • piPi(PI)$0.79-4.78%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.06%
  • uniswapUniswap(UNI)$6.421.77%
  • bittensorBittensor(TAO)$458.95-2.84%
  • aaveAave(AAVE)$254.341.11%
  • nearNEAR Protocol(NEAR)$3.033.54%
  • aptosAptos(APT)$5.818.34%
  • ondo-financeOndo(ONDO)$1.011.19%
  • okbOKB(OKB)$52.83-0.29%
  • kaspaKaspa(KAS)$0.114524-0.41%
  • internet-computerInternet Computer(ICP)$5.612.68%
  • ethereum-classicEthereum Classic(ETC)$19.450.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.54-6.39%
  • gatechain-tokenGateToken(GT)$21.930.56%
  • render-tokenRender(RENDER)$5.164.81%
  • crypto-com-chainCronos(CRO)$0.0989160.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2494370.54%
  • vechainVeChain(VET)$0.0302161.31%
  • mantleMantle(MNT)$0.761.52%
  • ethenaEthena(ENA)$0.4169882.88%
  • worldcoin-wldWorldcoin(WLD)$1.5321.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.13%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9010.09%
  • arbitrumArbitrum(ARB)$0.4241670.99%
  • bitcoinBitcoin(BTC)$110,422.60-0.12%
  • ethereumEthereum(ETH)$2,651.881.61%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.420.78%
  • binancecoinBNB(BNB)$683.320.50%
  • solanaSolana(SOL)$180.372.50%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2425701.84%
  • cardanoCardano(ADA)$0.812.40%
  • tronTRON(TRX)$0.2731790.29%
  • suiSui(SUI)$3.82-5.40%
  • hyperliquidHyperliquid(HYPE)$35.0515.09%
  • chainlinkChainlink(LINK)$16.591.94%
  • avalanche-2Avalanche(AVAX)$24.963.88%
  • stellarStellar(XLM)$0.3003471.03%
  • shiba-inuShiba Inu(SHIB)$0.0000152.04%
  • bitcoin-cashBitcoin Cash(BCH)$437.635.60%
  • hedera-hashgraphHedera(HBAR)$0.2025991.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.86-0.04%
  • the-open-networkToncoin(TON)$3.130.01%
  • polkadotPolkadot(DOT)$4.912.42%
  • litecoinLitecoin(LTC)$99.771.73%
  • moneroMonero(XMR)$392.06-0.86%
  • bitget-tokenBitget Token(BGB)$5.789.96%
  • pepePepe(PEPE)$0.00001510.83%
  • piPi(PI)$0.79-4.78%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.06%
  • uniswapUniswap(UNI)$6.421.77%
  • bittensorBittensor(TAO)$458.95-2.84%
  • aaveAave(AAVE)$254.341.11%
  • nearNEAR Protocol(NEAR)$3.033.54%
  • aptosAptos(APT)$5.818.34%
  • ondo-financeOndo(ONDO)$1.011.19%
  • okbOKB(OKB)$52.83-0.29%
  • kaspaKaspa(KAS)$0.114524-0.41%
  • internet-computerInternet Computer(ICP)$5.612.68%
  • ethereum-classicEthereum Classic(ETC)$19.450.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.54-6.39%
  • gatechain-tokenGateToken(GT)$21.930.56%
  • render-tokenRender(RENDER)$5.164.81%
  • crypto-com-chainCronos(CRO)$0.0989160.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2494370.54%
  • vechainVeChain(VET)$0.0302161.31%
  • mantleMantle(MNT)$0.761.52%
  • ethenaEthena(ENA)$0.4169882.88%
  • worldcoin-wldWorldcoin(WLD)$1.5321.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.13%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9010.09%
  • arbitrumArbitrum(ARB)$0.4241670.99%