I just recently got a Ledger Nano S and am getting familiarized with the Monero GUI app and the Ledger Monero app which I installed on the Nano using Ledger Live.

If I choose "Create a new wallet from hardware device" will it create new keys, mnemonic and XMR address? This would mean that when I choose 'Restore a wallet' next time, I can choose to load different key files and therefore .

  • A given 24 word Ledger mnemonic seed always corresponds to a certain XMR public address. It logically follows that, unless your 24 word Ledger mnemonic seed changes (e.g. you use a Ledger device with a different mnemonic seed), you will always generate the same wallet. – dEBRUYNE Jun 11 '19 at 19:19
  • So each hardware device/wallet has a (factory) preset mnemonic seed that can't be changed? If as you say "A given 24 word Ledger mnemonic seed always corresponds to a certain XMR public address" then each hardware device/wallet can only have one wallet? I'm confused with all these options of creating wallets, 'sub-wallets' and accounts. What happens when I create another account once logged in? It shows a different XMR address. – ncruz Jun 11 '19 at 19:43
  • Accounts are just a housekeeping thing inside a wallet. You have one wallet that can contain multiple accounts and multiple subaddresses. – jtgrassie Jun 11 '19 at 20:08
  • More details on accounts and subaddresses: monerodocs.org/public-address/subaddress – jtgrassie Jun 11 '19 at 20:14
  • So an accounts or subaddress is like or functions like a shielded address or transparent address? Would an analogy like checking account for a subaddress used to send/receive and a savings or MM account for the primary account which is used to send/receive only from a subaddress? And is a subaddress an actual XMR address that acts like a proxy? – ncruz Jun 11 '19 at 22:48

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Browse other questions tagged or ask your own question.