"The device sends encrypted shards of your seed to different companies if you decide to use the service. You can of course still choose to backup it yourself."
Well, that's at least good to know it's not enabled by default for everyone. That said, knowing that your Ledger now has the capability for your seed phrase to leave your device is damning.
If you use Ledger, it's time to switch to something else such as Coldcard, Passport, or Jade.
Replies (5)
Unchained uses Trezor … is there any reason to believe that will change? #[4]
I noticed trust wallet has it you can back up a seed to Google drive now. I feel a lot of hot wallets and cold storage device companies are going to start doing similar things. I'm not for it. But eventually I do see this similar service everywhere . Will be interesting to see how it plays out.
What if you’re only using this backup in a multisig, so the other keys remain private? How is that different than Casa?
Also read it is for ledger nano x. But not the other models.
I just purchased a COLDCARD™ Mk4 Colour: Purple ! Thanks #[4] 🤙🏼💜🫂
