Specializes in risk assessment, vulnerability analysis | Ledger | Cybersecurity professional with expertise in cryptocurrency and blockchain technology
@Songbird1874 Hey there, Holding Bitcoin on a Ledger hardware wallet is crucial for several reasons, particularly for self-custody and security. When you store your BTC on a Ledger, you control the private keys
@MarcusArelius68 Hey there, Thanks for the details, let’s get this Bluetooth issue between your Ledger Stax and your iPhone 14 sorted out. Feel free to send me a DM, I’d be happy to help troubleshoot the issue!
@javiernealey Right? If your XRP isn’t in a Ledger, then you’re basically trusting an exchange or third-party custodian not to go down, freeze your funds, or get hacked. Not your keys, not your crypto.
If you hold XRP, or any serious bag on an exchange, you’re just renting it
@PeterThornton63 If you want to avoid potential tax events or surrendering custody, consider holding XRP natively and using it on platforms that integrate XRP directly instead of bridging to another network
@PeterThornton63 so custody is transferred, albeit to a decentralized and trust-minimized system. The minted FXRP is then issued on the Flare Network, and can be used in Flare-based DeFi protocols
@PeterThornton63 To mint FXRP, an XRP holder locks their XRP in a special smart contract on the XRP Ledger, which is controlled by a decentralized set of agents on the Flare Network. This XRP is held as collateral by these agents, not by the user anymore,
@PeterThornton63 Hry! No, you do not maintain full custody of your XRP when you mint FXRP on the Flare Network.
FXRP is a 1:1 representation of XRP on the Flare Network. It enables XRP holders to participate in smart contracts and DeFi on Flare
@kyroxx64 Hey there, Technically, no, you can’t off-ramp to a cold wallet like a D’Cent or Ledger Nano, because off-ramping means converting crypto into fiat currency. Cold wallets are for storing crypto, not for converting it into cash.
@kleevazon Hey! Qubic is not supported on Ledger Live, the companion app for Ledger hardware wallets. This means you cannot directly manage or store QUBIC using Ledger Live at this time. However you can manually integrate it. Feel free to send me a DM, I’d be happy to help
@AngieGruch96544 Hey there, To get PHNX or ARMY tokens through a Ledger hardware wallet, there are step-by-step guide depending on what network these tokens are on. Usually, such tokens are ERC-20, BEP-20, or Polygon tokens. Feel free to send me a DM, I’d be happy to help!
@RyanKlopfer It’s meant to help users recover access if they lose their device or forget their seed phrase. the service is active and available in select countries, but not all Ledger users choose to use it, especially those concerned with self-custody and privacy
@RyanKlopfer Hey there, Ledger’s “Ledger Recover officially went live on October 24, 2023. It’s an optional paid subscription service that allows users to back up their private key seed phrase with Ledger’s partnered providers.
@Farr_Zam Hey there, Yes, you can store XDC on your Ledger Nano, but XDC is not supported directly by Ledger Live. Instead, you need to use a third-party wallet that supports XDC and can connect to your Ledger device. Feel free send me a DM for a comprehensive guide on setting up
@timthedrummer XPMarket gives you better rates because it taps into deeper liquidity, uses smart routing, and is optimized for XRPL-native swaps. Wallet swaps are often more convenient but not as optimized. Feel free to send me a DM, I’d be happy to help!
@timthedrummer Hey! the difference you’re seeing when swapping in your wallet versus on XPMarket likely comes down to liquidity sources and slippage, not just fees. XPMarket aggregates liquidity from multiple DEXs on the XRPL This often gives better rates due to deeper liquidity
@kzscrypto Hey there, I’m sorry to hear that, let’s figure this out quickly. First, I need a bit more info to guide you correctly. Which wallet or platform were your coins stored on? Have you recently made any transactions or connected to any dApps? Feel free to send me a DM