Tutorial for safely store your ravencoins on a hardware wallet like trezor or ledger

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Tutorial for safely store your ravencoins on a hardware wallet like trezor or ledger

Hear me out! Always triple check if managing with cryptos.

This is more a Trezor post but it works similar with Ledger.

0.1 NEVER USE A HOT WALLET FOR HOLDING LONGTERM CRYPTO COINS!

  1. Get a Trezor or Ledger from the Official Website. (Never use any third-party seller like amazon, as they can be rigged!)

  2. Pair your Trezor or Ledger with the Chaintek Wallet. Chaintek

  3. Follow the instructions on the screen.

Guide done. (yes its so simple…you are actually done, you dont need to download anything!)

Now for a little simple explanation:

As an example you can visit the Official Trezor Site and type in RVN in the searchbar. Trezor Supported Coins

There you can see all the supported and officially confirmed hardware wallets! My favourite is the Chaintek wallet. It is super easy to use, And you just need to export your Public Keys. Your Ravencoins are now safely stored on your Hardware wallet for longterm!

Sharing your Public Keys (XPUB) will not harm your wallet, or give anyone the control of your wallet! But it could decrease your anonymity as the site could read all your addresses and balances bound to your hardware wallet.

I wonder why no one really uses the Chaintek wallet and people using wallets like exodus(hot wallet) or the Electrum wallet(hardware but way more complicated to set up) IMO the chaintek wallet is much easier to access and faster as you dont need to install anything! and you can reach it from anywhere if you of course have a internet connection.

I need to add some small things.

NEVER share your passphrase (24 words of your wallet) And PLEASE read the Wiki on the Trezor site Trezor Wiki Thank you.

(Please comment if anyone uses the chaintek wallet and tell us your opinion of the wallet in the comments!)

Best regards, Phaxy

submitted by /u/_Phaxy
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