RE: Bozzlife: Officially a Ledger Nano X Noob
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Good purchase here! I can’t figure out why the storage on the little thing is so small, hopefully they’ve updated the thing since I bought mine but it’s like 15 kilobytes of storage or something ridiculously small lol.
I think the best part for you is the future potential of it. You now have your own active bitcoin address with some coin on it. That’s going to be very important in the future when bitcoin is a lot harder to buy!
You need to store the seed phrase in an incredibly safe storage spot, more secure than the wallet itself. If you do that you’re good.
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Okay, thank you for the info. I was using a mobile wallet for my BTC before, so this definitely does feel a little safer. I just need to figure it all out!
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Yeah dude it’s great to have and the best because your crypto is in your hands. If an exchange goes down or gets hacked it doesn’t matter in the least because it’s in your hands. The seed phrase is one of the few ways it can be taken so rest easy with that!
For the bitcoin address, I think in the future we will have access to loans and stuff better if we have older bitcoin addresses and higher amounts. We can loan out our bitcoin in contracts and stuff when it becomes harder to buy. As well, airdrops get sent to actual bitcoin addresses, not exchange addresses that don’t actually contain the funds. Lots of wins!
Thanks!
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