How to Shield Your Ledger Nano X Crypto Assets: Firmware Update Worries? Use a Passphrase!

Many people are now suspicious of Ledger Nano X seed phrases due to the fallout from the new Ledger Recovery service announcement. Many are also suspicious of the latest firmware update and are worried about "backdoors" that could possible jeopardize the security or your 24-word seed phrase. Adding a passphrase to your Ledger Nano X is the best way to address these concerns by adding an additional layer of security to your device.

Looking to upgrade the security of your crypto assets? In this detailed walkthrough, I guide you through setting up a passphrase on your Ledger Nano X using the attached pin option. A robust passphrase is your key to securing your crypto assets, and the attached pin makes it easier and safer to access. Whether you're new to Ledger Nano X or a seasoned user, this video will ensure you're utilizing maximum security measures for your cryptocurrencies. Don't forget to like, subscribe, and share this tutorial with others in the crypto community. 🔒🔑💼

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00:00 🎬 Introduction
00:23 🤔 Addressing Concerns about Private Seed Phrases
00:53 🧐 Why is Passphrase Important?
01:28 ⚙️ Setting up a Passphrase Configuration to Achieve "Plausible Deniability"
02:15 📋Brief Overview of Required Steps
03:23 📝 How to Create a Passphrase
14:01 🏛 How Ledger Live Accounts are Related to Passphrases
16:48 🔒 Creating Passphrase-Protected Accounts in Ledger Live
20:30 🔄 Transferring Assets into your Passphrase-Protected Accounts
31:08 ✂️ Removing the Passphrase-Protected Accounts from Ledger Live
33:12 🙈Plausible Deniability Considerations
34:27 🪄 Re-Adding Your Passphrase-Protected Accounts to Ledger Live (When Needed)
38:57 🔐 Additional Security Considerations (Account Management)
41:14 👍 Closing Remarks

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💡 DISCLAIMER: This video is for educational purposes only and should not be considered financial advice. Always do your own research before investing in cryptocurrencies.

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