🚀 Thanks for tuning in! In this video, I dive into the game-changing features of the Ledger STAX hardware wallet. 📱💼 Discover its perfect balance of size and usability, and learn how to sign transactions seamlessly using third-party wallets like Rabbi and Solflare. 🌟🔒 If you have any questions or comments, drop them below! Don't forget to like, subscribe, and hit the notification bell for more crypto content! 🔔
Makes sense for your situation. Especially since you're already comfortable with using your Ledger Nano X. Everyone must base their decision to purchase a crypto hardware device on their own needs and abilities.
How do you reach out to ledger Or get in touch with somebody at the company because I order a ledger Stax and it never was delivered. I went in to track my package but it keeps saying pending. Do anybody know how to get in touch with Ledger
Correct. The device is not designed to actually run ledger live. The device is specialized in managing the private key only. Ledger live is still your public interface so that you can manage your wallets.
Sorry to hear that your Nano S failed you. You can easily restore it by purchasing a new device and doing a restore from your 24 word seed phrase. Personal data breech? Yes, the customer data of ledger was being managed by a 3rd party service, which was breached. This was not ledger itself. Speaking of data breaches, I have a list of the top ten in the last 10 years and the two biggest data breaches in history. Does this mean you don't trust any service that have ever had their customer data breached? By the way, there is no back door to your seed phrase. Facebook (2019) Records Exposed: Over 530 million Details: Personal data including phone numbers, email addresses, and other user information from millions of accounts was exposed due to a vulnerability in Facebook's platform. Marriott International (2018) Records Exposed: Approximately 500 million Details: Hackers accessed sensitive information such as names, addresses, phone numbers, passport numbers, and travel details of guests from the Starwood reservation system. Aadhaar (2018) Records Exposed: Over 1.1 billion Details: India's national ID database, Aadhaar, was breached, exposing personal data including biometric information, names, addresses, and phone numbers of over a billion citizens. First American Financial Corporation (2019) Records Exposed: 885 million Details: The breach exposed millions of mortgage documents dating back to 2003, including social security numbers, bank account details, and financial records. Microsoft (2019) Records Exposed: 250 million Details: An internal customer support database containing logs of conversations between Microsoft support agents and customers was exposed online. T-Mobile (2021) Records Exposed: Over 40 million Details: Personal data including social security numbers, names, driver’s license information, and phone numbers of both current and prospective customers were exposed. Capital One (2019) Records Exposed: 106 million Details: Sensitive information including names, addresses, credit scores, and social security numbers of credit card applicants and customers was accessed by a hacker. Exactis (2018) Records Exposed: 340 million Details: A massive data breach exposed detailed personal information of hundreds of millions of individuals and businesses, including phone numbers, addresses, and demographic data. LinkedIn (2021) Records Exposed: 700 million Details: Data scraped from LinkedIn profiles, including names, email addresses, phone numbers, and professional details, was put up for sale on a hacker forum. Yahoo (2017) Records Exposed: 3 billion Details: While the breach actually occurred in 2013, it was disclosed in 2017 that every single Yahoo account had been compromised, affecting names, email addresses, dates of birth, and hashed passwords. These breaches highlight the importance of robust cybersecurity measures to protect sensitive customer data. Biggest ever Target Data Breach The Target data breach is one of the most notorious retail data breaches in history. It occurred during the holiday shopping season of 2013, compromising the personal and financial information of millions of customers. Here are the key details: Date: November-December 2013 Impact: Approximately 40 million credit and debit card accounts and 70 million customer records containing personal information such as names, addresses, phone numbers, and email addresses were compromised. Cause: The breach was facilitated by malware installed on point-of-sale (POS) systems. Hackers gained access to Target's network by exploiting credentials stolen from a third-party HVAC contractor. Consequences: Target faced significant financial costs, including settlements and fines, and a loss of customer trust. The breach led to increased scrutiny of cybersecurity practices in the retail sector. While these breaches occurred outside the past five years, they remain critical examples of the importance of robust cybersecurity measures and the potential impact of data breaches on businesses and consumers. Equifax Data Breach Date: July 29, 2017 (publicly disclosed on September 7, 2017) Impact: The breach affected approximately 147 million people, making it one of the largest and most severe data breaches in history. Information Exposed: Personal information including names, Social Security numbers, birth dates, addresses, and in some cases, driver's license numbers. Additionally, credit card numbers for about 209,000 consumers and dispute documents with personal identifying information for about 182,000 people were also compromised. Cause: The breach was due to a vulnerability in the Apache Struts web application framework that Equifax had not patched in a timely manner. The vulnerability was known and a patch was available, but it had not been applied. Consequences: Financial: Equifax faced numerous lawsuits, fines, and settlements. In July 2019, Equifax agreed to a settlement with the Federal Trade Commission (FTC) that included up to $700 million in monetary relief and penalties. Reputational: The breach severely damaged Equifax's reputation and led to increased scrutiny of credit reporting agencies and their data security practices. Operational: Equifax had to invest significantly in improving its cybersecurity infrastructure and protocols to prevent future breaches. The Equifax data breach highlighted critical issues regarding the protection of personal information by companies that handle large amounts of sensitive data and led to increased calls for stricter data security regulations and consumer protection measures.
What I really want is a fully standalone device. I do not want to have to use an app to send coins. I would rather walk up to a register and ONLY pull out my stax to make a payment. It would be easier to do mass adoption for both consumers and businesses.
I totally understand why you would want that functionality. But the underlying premise of a hardware wallet is keeping the private key separate and offline from the rest of the wallet. And that's why you need a public facing type of wallet, like a phone app or a desktop app. The device is only for signing transactions.
@@CryptoDad Well, I am a programmer. The way I see it, is even as a standalone, you are still 100% offline. The transaction itself is shown on the device to verify. As you said the device is only for signing the transaction. The app is good for checking a balance because you cant show a balance on a wallet as it would likely never be accurate. If I am sending a transaction I still need my phone to scan a QR. So the only thing I could see being a legitimate worry is a malicious formed QR code as it would create an extra gap. It becomes hard to justify it not being able to do it standalone. It's not like once I sign a transaction someone can edit details about the transaction. And most crypto wallets were touted (at least ledger) as being "so secure" that you could plug them directly into a computer with a virus and not worry. The downside to having an app + hardware is that if the battery dies in either you can no longer do anything with your crypto. This is why credit cards are nice because there are no batteries but they are very insecure. Mag Stripes are really easy to manipulate, tap to pay on some cards can be dangerous as they introduce wireless pick pocketing, and the chip can be unreliable at being read. Be really nice if they could figure some way out to do it without feeling unsafe. I mean once the device has signed, and generates a QR to scan with the phone to send it... it shouldnt matter if it's my phone scanning that QR, or some payment terminal. The data cant be changed so worse case their internet goes down so it cant sent transaction.
Blind signing on Ethereum, using a hardware wallet with closed source code that includes the ability for apps to interact with and extract your seed over the internet. What could go wrong?
Well, blind signing is a fact of life if you want to use DEXs. It’s not the best solution, but it’s better than using a hot wallet. Ledger is working on their clear signing technology, but none of the most popular DEXs support it. Every hardware wallet out there that uses a secure element chip is not fully open source. I really don’t understand this obsession people have with thinking that a hardware wallet device should be open source. The concept doesn’t really apply to something that lives in the real world. Sure it works great for giant software projects, but it doesn’t really apply when we’re dealing with a device that you hold in your hand. As far as the remote seed extraction, that’s pure fantasy. Do you also jump into bed every night because you think there might be monsters under your bed?
@@CryptoDad "Every hardware wallet out there that uses a secure element chip is not fully open source." That's not true, but I'm beginning to realize you're probably a gadget guy, not a security guy, which is why you most likely don't understand the security risks involved here. Either that, or you're paid by Ledger to review their hardware.
Yes, if you set up your three card set using a seed phrase you can simply buy another three card set and do a restore. So now you have a total of six cards tied to the same wallet. Of course, you can also manage multiple wallets this way as well.
🚀 Thanks for tuning in! In this video, I dive into the game-changing features of the Ledger STAX hardware wallet. 📱💼 Discover its perfect balance of size and usability, and learn how to sign transactions seamlessly using third-party wallets like Rabbi and Solflare. 🌟🔒 If you have any questions or comments, drop them below! Don't forget to like, subscribe, and hit the notification bell for more crypto content! 🔔
hello cryptodad, how is it comparing with keystone 3 pro? I saw keystone also has the integration with rabby and solflare.
got a keystone 3 pro, also connected with rabby, just feel like k3p is much more smooth…😅
is it true ledger stax only has 1.06 mb memory? why it’s even smaller than nano x😂😂😂
No way will I buy the Ledger Stax when I have the Ledger nano x. Does not make economic sense to purchase for over $200. Not interested.
Makes sense for your situation. Especially since you're already comfortable with using your Ledger Nano X. Everyone must base their decision to purchase a crypto hardware device on their own needs and abilities.
Can't wait to get mine. Appreciate you 🙏🏾
How do you reach out to ledger Or get in touch with somebody at the company because I order a ledger Stax and it never was delivered. I went in to track my package but it keeps saying pending. Do anybody know how to get in touch with Ledger
i thought you could run ledger live directly on the ledger stax? looks like you still need pc or smartphone?
Correct. The device is not designed to actually run ledger live. The device is specialized in managing the private key only. Ledger live is still your public interface so that you can manage your wallets.
Nice❤❤❤❤
I will never use ledger again! Persoal data not safe. Back door to your seed phrase. I had a nano s drive fail on me. No thank you!
Sorry to hear that your Nano S failed you. You can easily restore it by purchasing a new device and doing a restore from your 24 word seed phrase.
Personal data breech? Yes, the customer data of ledger was being managed by a 3rd party service, which was breached. This was not ledger itself. Speaking of data breaches, I have a list of the top ten in the last 10 years and the two biggest data breaches in history. Does this mean you don't trust any service that have ever had their customer data breached?
By the way, there is no back door to your seed phrase.
Facebook (2019)
Records Exposed: Over 530 million
Details: Personal data including phone numbers, email addresses, and other user information from millions of accounts was exposed due to a vulnerability in Facebook's platform.
Marriott International (2018)
Records Exposed: Approximately 500 million
Details: Hackers accessed sensitive information such as names, addresses, phone numbers, passport numbers, and travel details of guests from the Starwood reservation system.
Aadhaar (2018)
Records Exposed: Over 1.1 billion
Details: India's national ID database, Aadhaar, was breached, exposing personal data including biometric information, names, addresses, and phone numbers of over a billion citizens.
First American Financial Corporation (2019)
Records Exposed: 885 million
Details: The breach exposed millions of mortgage documents dating back to 2003, including social security numbers, bank account details, and financial records.
Microsoft (2019)
Records Exposed: 250 million
Details: An internal customer support database containing logs of conversations between Microsoft support agents and customers was exposed online.
T-Mobile (2021)
Records Exposed: Over 40 million
Details: Personal data including social security numbers, names, driver’s license information, and phone numbers of both current and prospective customers were exposed.
Capital One (2019)
Records Exposed: 106 million
Details: Sensitive information including names, addresses, credit scores, and social security numbers of credit card applicants and customers was accessed by a hacker.
Exactis (2018)
Records Exposed: 340 million
Details: A massive data breach exposed detailed personal information of hundreds of millions of individuals and businesses, including phone numbers, addresses, and demographic data.
LinkedIn (2021)
Records Exposed: 700 million
Details: Data scraped from LinkedIn profiles, including names, email addresses, phone numbers, and professional details, was put up for sale on a hacker forum.
Yahoo (2017)
Records Exposed: 3 billion
Details: While the breach actually occurred in 2013, it was disclosed in 2017 that every single Yahoo account had been compromised, affecting names, email addresses, dates of birth, and hashed passwords.
These breaches highlight the importance of robust cybersecurity measures to protect sensitive customer data.
Biggest ever
Target Data Breach
The Target data breach is one of the most notorious retail data breaches in history. It occurred during the holiday shopping season of 2013, compromising the personal and financial information of millions of customers. Here are the key details:
Date: November-December 2013
Impact: Approximately 40 million credit and debit card accounts and 70 million customer records containing personal information such as names, addresses, phone numbers, and email addresses were compromised.
Cause: The breach was facilitated by malware installed on point-of-sale (POS) systems. Hackers gained access to Target's network by exploiting credentials stolen from a third-party HVAC contractor.
Consequences: Target faced significant financial costs, including settlements and fines, and a loss of customer trust. The breach led to increased scrutiny of cybersecurity practices in the retail sector.
While these breaches occurred outside the past five years, they remain critical examples of the importance of robust cybersecurity measures and the potential impact of data breaches on businesses and consumers.
Equifax Data Breach
Date: July 29, 2017 (publicly disclosed on September 7, 2017)
Impact: The breach affected approximately 147 million people, making it one of the largest and most severe data breaches in history.
Information Exposed: Personal information including names, Social Security numbers, birth dates, addresses, and in some cases, driver's license numbers. Additionally, credit card numbers for about 209,000 consumers and dispute documents with personal identifying information for about 182,000 people were also compromised.
Cause: The breach was due to a vulnerability in the Apache Struts web application framework that Equifax had not patched in a timely manner. The vulnerability was known and a patch was available, but it had not been applied.
Consequences:
Financial: Equifax faced numerous lawsuits, fines, and settlements. In July 2019, Equifax agreed to a settlement with the Federal Trade Commission (FTC) that included up to $700 million in monetary relief and penalties.
Reputational: The breach severely damaged Equifax's reputation and led to increased scrutiny of credit reporting agencies and their data security practices.
Operational: Equifax had to invest significantly in improving its cybersecurity infrastructure and protocols to prevent future breaches.
The Equifax data breach highlighted critical issues regarding the protection of personal information by companies that handle large amounts of sensitive data and led to increased calls for stricter data security regulations and consumer protection measures.
What I really want is a fully standalone device. I do not want to have to use an app to send coins. I would rather walk up to a register and ONLY pull out my stax to make a payment. It would be easier to do mass adoption for both consumers and businesses.
I totally understand why you would want that functionality. But the underlying premise of a hardware wallet is keeping the private key separate and offline from the rest of the wallet. And that's why you need a public facing type of wallet, like a phone app or a desktop app. The device is only for signing transactions.
@@CryptoDad Well, I am a programmer. The way I see it, is even as a standalone, you are still 100% offline.
The transaction itself is shown on the device to verify. As you said the device is only for signing the transaction.
The app is good for checking a balance because you cant show a balance on a wallet as it would likely never be accurate.
If I am sending a transaction I still need my phone to scan a QR. So the only thing I could see being a legitimate worry is a malicious formed QR code as it would create an extra gap.
It becomes hard to justify it not being able to do it standalone. It's not like once I sign a transaction someone can edit details about the transaction. And most crypto wallets were touted (at least ledger) as being "so secure" that you could plug them directly into a computer with a virus and not worry.
The downside to having an app + hardware is that if the battery dies in either you can no longer do anything with your crypto. This is why credit cards are nice because there are no batteries but they are very insecure. Mag Stripes are really easy to manipulate, tap to pay on some cards can be dangerous as they introduce wireless pick pocketing, and the chip can be unreliable at being read.
Be really nice if they could figure some way out to do it without feeling unsafe. I mean once the device has signed, and generates a QR to scan with the phone to send it... it shouldnt matter if it's my phone scanning that QR, or some payment terminal. The data cant be changed so worse case their internet goes down so it cant sent transaction.
Blind signing on Ethereum, using a hardware wallet with closed source code that includes the ability for apps to interact with and extract your seed over the internet. What could go wrong?
Well, blind signing is a fact of life if you want to use DEXs. It’s not the best solution, but it’s better than using a hot wallet. Ledger is working on their clear signing technology, but none of the most popular DEXs support it. Every hardware wallet out there that uses a secure element chip is not fully open source. I really don’t understand this obsession people have with thinking that a hardware wallet device should be open source. The concept doesn’t really apply to something that lives in the real world. Sure it works great for giant software projects, but it doesn’t really apply when we’re dealing with a device that you hold in your hand. As far as the remote seed extraction, that’s pure fantasy. Do you also jump into bed every night because you think there might be monsters under your bed?
@@CryptoDad "Every hardware wallet out there that uses a secure element chip is not fully open source." That's not true, but I'm beginning to realize you're probably a gadget guy, not a security guy, which is why you most likely don't understand the security risks involved here. Either that, or you're paid by Ledger to review their hardware.
@@asteriskesque He's 100% paid and sponsored. I cringe how many people are going to get hurt because of these reckless recommendations. Disgusting.
Thanks for all your help!
❤
Hi CryptoDad,
Do you know please if it's possible in Tangem to do a single wallet (AKA 1 address) on 6 cards?
Thanks.
Yes, if you set up your three card set using a seed phrase you can simply buy another three card set and do a restore. So now you have a total of six cards tied to the same wallet. Of course, you can also manage multiple wallets this way as well.