fbpx
Technology

‘HODL’ And ‘Recovery Check’ Two New Apps From Nano S Hardware Wallet

On Thursday (26 July 2018), cryptocurrency hardware wallet maker Ledger announced two new apps for its “Ledger Nano S” product to “further reinforce users’ security”: “HODL” and “Recovery Check”:

The two new apps run on the Ledger Nano S, but they need to be installed via Ledger’s desktop application “Ledger Live” (available for Windows, MacOS, and Linux):

Ledger Live Screenshot 2.png

“HODL” App

When receiving crypto on your Ledger Nano S, there are times, such as when withdrawing funds from a crypto exchange, when you need to enter a wallet address on your computer.

However, it can be easy to make a mistake when typing in a wallet address. The purpose of this app is to eliminate the need to type in the address of any of the wallets residing on your Nano S by making the device appear to your computer as a “virtual keyboard.”

Here are the steps you need to follow to get the app to “type for you” one of your wallet addresses into a text field on a form on a website:

  • “Select the field you need to put your address into on the computer.”
  • “Launch the HODL app.”
  • “Use the Ledger Nano S to select the wallet you want to use.”
  • “The address will be entered directly.”

“Recovery Check” App

In event of the loss, theft, or destruction of your Ledger Nano S device, or if you forget the PIN for the device, you will need your 24-word “recovery phrase” to be able to restore your balances on a compatible software/hardware wallet (such as another Ledger device or the cloud-based MyEtherWallet).

But how can you confirm that you have correctly recorded (e.g. written down somewhere) this recovery phrase? Until this app came along, the only way to do so was to reset your Nano S and choosing the “Restore Configuration” option, which is, unfortunately, takes a long time.

The “Recovery Check” app makes this verification quicker/easier. When you run it on your Nano S, it prompts you to enter each of the 24 words in the recovery phrase (thankfully, it is not necessary to enter every character in each of these 24 words!).

If your recovery phrase matches what the device expects, you will get the confirmation you were looking for: “Recovery phrase matches” will be displayed on the device’s display. Full step-by-step instructions for using the app are provided in the Ledger Support Center.

This story originally appeared in Crypto Globe. Image courtesy of Ledger.

Join The Discussion

Cannabis Becomes Legal In Canada
Cannabis Becomes Legal In Canada [Video]
Theresa May Faces Frantic 48 Hours To Save Brexit Plan
Theresa May Faces Frantic 48 Hours To Save Brexit Plan [Video]
How Much Damage Can Saudi Arabia Do To The Global Economy
How Much Damage Can Saudi Arabia Do To The Global Economy? [Video]
Russian Suspect In UK Poisoning Is Hero To His Home Village
Russian Suspect In UK Poisoning Is Hero To His Home Village [Video]
Over 100,000 ATMS Now Let You Buy Bitcoin With A Debit Card In The U.S.
Over 100,000 ATMS Now Let You Buy Bitcoin With A Debit Card In The U.S.
Crypto Exchange Giant Coinbase Opens Office In Ireland
Crypto Exchange Giant Coinbase Opens Office In Ireland
Thai Authorities Arrest Top Suspect In Multi-Million Dollar Bitcoin Fraud
Thai Authorities Arrest Top Suspect In Multi-Million Dollar Bitcoin Scam
Bitcoin Price Explodes To $7,500 And Here's Why
Bitcoin Price Explodes To $7,500 And Here’s Why
Make 6 Figures A Year With A Free Facebook Group
Make 6 Figures A Year With A Free Facebook Group
7 Great Tips For Going Live On Facebook, Instagram Or Twitter
7 Great Tips For Going Live On Facebook, Instagram Or Twitter
5 Types Of Social Media Content That Convert
5 Types Of Social Media Content That Convert
How, When And Why You Should Use Live Streaming
How, When And Why You Should Use Live Streaming? [Infographic]
11 Facebook Updates You Need To Know For 2019
11 Facebook Updates You Need To Know For 2019
Facebook Launches Updated Education Courses For Instagram Marketers
Facebook Launches Updated Education Courses For Instagram Marketers
Vertical Video Ads Are Coming To YouTube
Vertical Video Ads Are Coming To YouTube
5 Tips For Brands On How To Use Facebook's 'Brand Collabs Manager' Tool
5 Tips For Brands On How To Use Facebook’s ‘Brand Collabs Manager’ Tool
5 Benefits Of Teaching Young Children About Entrepreneurship
5 Benefits Of Teaching Young Children About Entrepreneurship
10 Brain Hacks To Optimize Your Memory And Mental Performance
10 Brain Hacks To Optimize Your Memory And Mental Performance [Video]
16 Mental Shifts
16 Mental Shifts For Living A Happier, Wealthier, More Successful Life
The Myth Of The Digital Nomad Lifestyle
The Myth Of The Digital Nomad Lifestyle
Cannabis Becomes Legal In Canada
Cannabis Becomes Legal In Canada [Video]
Theresa May Faces Frantic 48 Hours To Save Brexit Plan
Theresa May Faces Frantic 48 Hours To Save Brexit Plan [Video]
How Much Damage Can Saudi Arabia Do To The Global Economy
How Much Damage Can Saudi Arabia Do To The Global Economy? [Video]
Russian Suspect In UK Poisoning Is Hero To His Home Village
Russian Suspect In UK Poisoning Is Hero To His Home Village [Video]