What specific risks are there if I put my assets into a hardware wallet (e.g. Ledger Nano) and simply do nothing for years or decades?
The question might be strange, but the only reason that currently keeps me from using private wallets and hardware wallets is the fear of any maintenance efforts. I read a lot about technological changes, forks, required updates, shifts from A to B („you need to update now!“) when scrolling through crypto communities like Monero or others.
My fear is that if I ignore these steps for any reason (sickness, accidents, personal life) my assets might become worthless at some point in the future. That looks like a nightmare to me. Currently the centralized exchanges where I keep „my“ assets seem to carry that burden for me…
Thanks for your thoughts. 👍🏻
As mentioned in the title. I have a few eth in my ledger hardware wallet (not over 32) and since they are sitting there anyways, I might as well stake them. I never heard of lido. How does this works? I jus put in the amount wich I want to stake in ledger live, click on submit and that’s it? Where do my eth get send to? How do I get them back in case? Does every eth gets exchanged by stETH? Am a Little bit confused. I never staked anything.