How to reset and restore Ledger Nano X to use as a previous device – step by step guide

You can actually sync the new device to be associated with the data from the old device and use it alongside with it. This way you can keep your Nano S at home or elsewhere safe while using the Nano X on the go and with you at all times since it has the wireless sync feature which makes it ideal for everyday usage…..

Ledger Nano S - The secure hardware wallet

In my previous tutorial I showed you how to set up the Ledger Nano X as a new device but many of us already have the previous model (the Ledger Nano S) and we have a lot of coins already stored there, so this is a very useful tutorial for those who, like me, want to replace the nano S with this new device and use it instead. You can actually sync the new device to be associated with the data from the old device and use it alongside with it. This way you can keep your Nano S at home or elsewhere safe while using the Nano X on the go and with you at all times since it has the wireless sync feature which makes it ideal for everyday usage.

This is my thorough video with step by step guidance on what you need to do.

I start with resetting the device because I had it set up as a new device, but if you just bought yours and have not set it up at all, then skip the first 7 minutes of the video and go straight to the part where I start the restore process.

🔑 Get your own Ledger Nano X (or S) here: http://bit.do/ledgerNano

Here’s my previous tutorial in case you are new to the Ledger Nano devices and want to set it up as a new device: https://crypto-corner.com/2019/06/05/ledger-nano-x-tutorial/

Ledger Nano S - The secure hardware wallet

Buy Bitcoin (and other crypto) in Kucoin exchange with a Credit Card.

How to buy Bitcoin, Ethereum, Litecoin or Ripple with a credit card.

Kucoin exchange had an upgrade recently and one of the cool new features is that you can now buy crypto directly with your Credit Card.

The service is operated by a third party partner “Simplex” and incurs a fee of $10 and a 5% from the total amount you are exchanging. There is a minimum required, which is $50.00 and in this regard it is not too different to many of the other exchange services which may appear to have smaller fees but in effect provide you with a rate that is already at least 5% different to that of the current market rate while Kucoin is selling at the most current market rate which I find a better solution for larger amounts.

I have used services like Coinbase and Xapo in the past and their OTC rates were always 5% more expensive than the current market rates so this is why I think that Kucoin’s credit card purchase option is not expensive in comparison.

Here’s how to buy Bitcoin or other crypto with Kucoin.

  1. First you will need to sign-up with Kucoin so use this link to open an account.
  2. After completing a few simple registration steps which are quite intuitive and standard, you will be sent to your main page which is “Overview”. The navigation menu is on the left, the profile settings are in the top right corner, make sure you go through these and get familiar with the different options.
  3. The buy Crypto with a Credit Card option is on the left side of the page as you can see on this screenshot:

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When you click on Buy Now, you will be sent to the page where you can choose the cryptocurrency, the amount you want to exchange and the fees will be displayed there so there’s no confusion as to what you will be charged.

By default you will see BTC (the symbol for Bitcoin) in the first bar but if you wish to buy Ethereum for instance, just use the drop-menu there (see the following screenshot). The current list of cryptos you can buy on Kucoin Exchange currently is: BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), XRP (Ripple) and BCHABC (Bitcoin Cash – this is different to Bitcoin, so do not get confused).

KU-buycrypto

If you have not entered your credit card details prior to doing this exchange, you will be asked to do so in the next step.

After you make the purchase you also trade on the exchange for other coins or if you aren’t into trading and simply wanted to buy Bitcoin or other crypto and keep it for later, you should just withdraw it and move it into a safe storage, like a hardware wallet or any wallet of your choice. I personally don’t like to keep my holdings online and I use the Ledger Nano S for longer-term safe storing.

The Withdraw option is also in the left menu on the main website (see screenshot below). You will see a drop-down menu there too where you will select the cryptocurrency you wish to withdraw.

KU-withdrawal

Select the relevant coin you are going to withdraw and you will see the detailed page where you need to enter the wallet address and the amount you are withdrawing.

If you have a mistake in the address, it is likely that you will be alerted about it but please make sure you triple-check your wallet address and the coin you are withdrawing and that it’s all correct because you don’t want to send Ethereum to a Bitcoin address or anything like that… it will just get lost (but most likely, Kucoin will alert you so you don’t make this mistake, see screenshot below).

KU-withdrawal-2.png

This should be a fairly easy process and the first time could seem a little intimidating or complex so I suggest you test the waters with smaller amounts and once you see how things work and know that everything goes right, you can be bold and work with larger amounts. The fees aren’t too high to be worth the risk of working with large amounts from the first attempt.

Good luck and feel free to leave comments here or on my video tutorial for Kucoin Exchange where I explain the basic features and which you can find in this post.

I already mentioned that I am a huge fan of the Ledger Nano S device and have been using it to store my long-term crypto holdings for years now. It also supports Ripple which not many other devices provide storage for so check it out here:

Ledger Nano S - The secure hardware wallet

Trezor Model T Complete Setup and Restore Guide 2019

I finally found some time to record an up-to-date tutorial on the latest Trezor device, the touch screen Model T.

It’s been quite a while since I’ve done a tutorial for the Trezor. Their first device was launched in August 2014 (by SatoshiLabs) and it was the world’s first Bitcoin hardware wallet. It offers a combination of secure offline cold storage, as well as the ability to spend tokens with a similar convenience as a hot wallet.
There are two models currently on the market – “Trezor One” and “Model T
In this video I will be showing you the latest – model T, with the latest firmware. It has a touch screen functionality, which is an upgrade from the older, Model One. It also incorporates instant coin-swap function with the help of third party services like Shapeshift and Changelly – both of which I have reviewed in my previous videos and in the past it was criticized for the small selection of coins it supported but the year is 2019 and you will find that the latest firmware of both devices supports over 1000 cryptocurrencies, so this is no longer an issue.

So this is my complete step-by-step tutorial from start to finish and I will be showing you how to get it set-up, key features and how to wipe out the device (should you need to) and also how to restore it in case you had it damaged and need to use a new device with the old device information so you do not loose your coins.
Hope you’ll enjoy this guide and it will help you with the setting up of your device.

3 Steps To Limit Your Facebook Data

Facebook is increasingly under public scrutiny for compromising its members data and in the wake of the growing concern of keeping your data to yourself, I have a couple of quick tips on how to limit the data being stored about you…..

Facebook is increasingly under public scrutiny for compromising its members data and in the wake of the growing concern of keeping your data to yourself, I have a couple of quick tips on how to limit the data being stored about you.

Facebook now lets you delete anything from your timeline for good. This means it won’t be able to share it with third parties.

Here are 3 ways you can protect your information.

  1. Go to Settings at the top right of your screen, next click on Activity log to see an over view of everything you’ve done on the social network in one spot and delete as you go.
    Android users take a note: Facebook can collect information from your messages and conversations if you’re not careful.
  2. Go to Settings and click on Apps / Facebook / Permissions and make sure Telephone and SMS are Off.

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3. Set limits on advertisers. Go to Settings / Ads And check your information. Here’s everything advertisers know about, so Opt Out of what you don’t want to share. And don’t forget your Categories option, too. Under Ad Settings you can even control the type of ads you get targeted with on Facebook.

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Ledger Nano S - The secure hardware wallet

How to update your Firmware on Ledger Nano S

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Recently the Ledger Nano S, my favourite device for safe, offline Bitcoin storage released an upgrade to their firmware which deals with a security issue that was noticed some time in late 2017. There are other fixes and improvements, so it is a must-do.

I received a lot of requests to make a tutorial about updating your firmware on Ledger Nano S and here it is:

If you don’t have the Ledger Nano S, check it out, it is my top choice for hardware storage for Bitcoin, Ethereum, Litecoin, Stratis, Neo, PIVX and a bunch of other alts.

 To order Ledger Nano S (from the original source) use the link below.

Ledger Nano S - The secure hardware wallet

Bitcoin or Gold?

February 24th 2017 will be remembered as the day when Bitcoin finally reached that pivotal point of beating its own record price that was set back in 2014. With this came the inevitable question : Is Bitcoin better than Gold? A touch question if we talk about value in the long run, but I do have a very clear idea about its short term performance…

If you are looking to get your hands on some Bitcoin, my top choice for a beginner is dfinitely Coinbase – the biggest Bitcoin wallet and exchange. Here is my review and tutorial about Coinbase: