Bitcoin, Crypto currency, Blockchain

The Ledger Support for the Monero GUI Wallet

At the beginning of the calendar week 27 of the Monero GUI Version 12.2 was officially. published. This means that now users of the Graphic User Interface, the Wallet can save your XMR on the Ledger Nano’s and Ledger’s Blue. Peace, joy, pancakes – or? Not quite.

“When GUI?” was a comment on the Reddit Threat, the the binary Codes for the Monero Wallet Version 12.2. announced and explained. Based on the now legendary “when Lambo?”- and “when the Moon?”-Memes that flooded many a Telegram group, made this comment on an important point: While it was 12.2. to use possible, its Ledger Hardware Wallet with Monero, however, it worked only with the CLI. The Command Line Interface scares to quickly find all users who have introduced themselves to dealing with crypto-currencies. To use a program via a text input is for many unfamiliar and prone to error. “When GUI?” is the question after a simple and user-friendly Software that can be used to support his Ledger.

Finally, a simple Hardware-use for Monero?

On 3. In July, it was finally time. Almost a month after the publication of the CLI v12.2. also, the GUI v12.2. available. Thus, the official graphical Wallet of Monero supports Hardware Wallet Ledger. However, the first Installation is still not as easy as you would like it. Plug & Play is a false display. Instead, the user must first carry out a 15-step guide, until he can store his Monero on the Ledger.

Of course, it is a process not a thing of the impossibility of these detailed steps, however, it is still necessary, some of the commands by Command Line to execute. You also have to allow the Install of the Monero application for the Ledger by clicking the mouse in the lower right corner of the Ledger Manager, the “Developer applications”. You should schedule a half-hour to hour – depending on your personal technical experience – until you can save XMR on the Ledger. For beginners, this Installation is not suitable probably still.

The Wallet is set up, however even with the Ledger, you can access the GUI on the Private Keys. The Ledger must be connected to the Computer, and the Monero-application needs to run. Then to open the Monero GUI Version 12.2. and the corresponding Wallet selects file. Anyone who has followed the instructions of dEBRUYNE on Reddit or Stack Exchange, the new Ledger Wallet file in the same folder as the GUI 12.2.

An Installation without a Command-Line Interface has been promised to the users. In the next Release of the GUI it should be ready. Those who follow the Monero project, know that this can take some time. Nevertheless, the publication of the GUI 12.2. a sign that it is going forward slowly but surely.

An unpleasant aftertaste

Users will need to bite Apples besides, in one of two acidic: Either you exported when you Create the Ledger Wallet his Private View Key on the Computer or the Ledger, scanning the Blockchain. The first variant has the consequence that the privacy might be compromised. Who is in possession of the Private View, Key, one can search the Monero block Chain after all of the received transactions. That is, you lose in the worst case, the privacy gained by the Stealth addresses. The second variant has the disadvantage that the Ledger is very slow in scanning the Blockchain and may be hot to be running. In other words, who exported his Private View Key, you must wait longer, until he can use the Ledger Wallet. The risk that a Monero to be stolen.

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