Risks of Juggling Multiple Wallets in Ledger Live (Seeds, Passphrases, Devices or Re-initializing)

Ledger Live is a powerful wallet but it it's also important to clearly understand how it handles the situation where you might have multiple accounts from a range of different seed phrases, passphrases or devices. (Or simply what you watch out for if you reset your device) This can also be applied to any watch-only wallet, particulary hardware wallets which operate in this mode by default. (Like a Cold Card with Wasabi or Electrum, Keepkey with Shapeshift, Safepal) or those which give you the option. (Trezor)

If you are new to Crypto, my suggestion is that you start with buying ~$150 worth of Bitcoin, Ethereum, Litecoin @ Coinbase and get familiar with storing it, moving it around, etc.

For your first purcahse, just stick with CoinBase: https://www.coinbase.com/join/5691c9d0a4c3a05dfa000151

For Trading, just start with Binance: https://www.binance.com/?ref=18111926

By sticking with large, reputable exchanges for your first purchase (Coinbase) and first trade (Binance) you can avoid getting scammed right at the start by purchasing a non-existing coin off a scammy exchange. (You would be surprised how many people fall into this trap)

Don't have a hardware wallet? Be safe and buy them direct from the manufacturer. (Not just through some random on eBay, Amazon, etc) Get a Ledger: https://shop.ledger.com?r=5243ecbb8427 (If you are just starting out, I would just recommend a Ledger Nano S)

If this was helpful, feel free to send me a tip: BTC: 37hiiSB1Poj6Shs8WawPS2HjT2jzHkFSQi BCH: qr9qenlgjh0xlyz802h70ul69rpdj8z6qyuh7m79ah LTC: MRWnUcsyofisVp5GvX7nxMog5caneycKZ6 ETH: 0x14b2E26021d0Ce8E2cE6a2Eb6E2690714bB18E17 VTC: vtc1qxauv20r2ux2vttrjmm9eylshl508q04uju936n ZEN: znUihTHfwm5UJS1ywo911mdNEzd9WY9vBP7

#bitcoin #btc #ethereum #eth #cryptocurrency #crypto #ledger #trezor #security ... https://www.youtube.com/watch?v=cWBbMQWtSvU