<blockquote>
<p>Am I wrong if I make the assumption that BTC is not actually in my wallet, but instead of these 3 wallets?</p>
</blockquote>
<p>Those three addresses will be <em>belong to</em> your wallet. A wallet consists of many secret keys and scripts. Thus, one wallet can generate many (unlimited) different addresses. But they still all belong to you.</p>
<blockquote>
<p>And am I wrong that those 3 wallets are not controlled by me, but are instead in control of Ledger?</p>
</blockquote>
<p>This is incorrect - all the secret keys to those addresses will be stored in your ledger hardware wallet and only be usable by you. That's the point of using a hardware wallet. Ledger has no access to your keys.</p>

CC BY-SA 4.0
2021-12-29T09:59:19.687Z
2021-12-29T09:59:19.687Z
meshcollider
<p>I have made 3 transactions of BTC to my Ledger Nano S device using Ledger Live. For each of these 3 transactions new receiving address was created for transfer. Ledger claims that this is done because of the privacy(<a href="https://support.ledger.com/hc/en-us/articles/360034336713-Receiving-address-changed?support=true" rel="nofollow noreferrer">https://support.ledger.com/hc/en-us/articles/360034336713-Receiving-address-changed?support=true</a>).
When I take a look at blockchain explorer I can see that there are those 3 addresses that received my coins and they don't have any outgoing transactions.</p>
<ul>
<li>Am I wrong if I make the assumption that BTC is not actually in my
wallet, but instead of these 3 wallets?</li>
<li>And am I wrong that those 3
wallets are not controlled by me, but are instead in control of
Ledger?</li>
</ul>

CC BY-SA 4.0
2022-11-19T21:48:59.403Z
I'm currently learning about this too, and these posts about xpub look interesting: https://bitcoin.stackexchange.com/questions/60565/is-it-possible-to-use-xpub-address-to-monitor-balance-from-previously-generated?rq=1
Ryan
<ledger-hardware-wallet>
Ledger BTC wallets
Smoking Byte
# Ledger BTC wallets

(Asked by: username_0 on 2021-12-29)

I have made 3 transactions of BTC to my Ledger Nano S device using Ledger Live. For each of these 3 transactions new receiving address was created for transfer. Ledger claims that this is done because of the privacy(<https://support.ledger.com/hc/en-us/articles/360034336713-Receiving-address-changed?support=true>).
When I take a look at blockchain explorer I can see that there are those 3 addresses that received my coins and they don't have any outgoing transactions.

* Am I wrong if I make the assumption that BTC is not actually in my
  wallet, but instead of these 3 wallets?
* And am I wrong that those 3
  wallets are not controlled by me, but are instead in control of
  Ledger?

**Tags:** ledger-hardware-wallet

> **Comments:**
> **username_1**: I'm currently learning about this too, and these posts about xpub look interesting: https://bitcoin.stackexchange.com/questions/60565/is-it-possible-to-use-xpub-address-to-monitor-balance-from-previously-generated?rq=1  

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## 1 answers

### Answer by username_2 on 2021-12-29. Score: 1 | Accepted answer

> Am I wrong if I make the assumption that BTC is not actually in my wallet, but instead of these 3 wallets?

Those three addresses will be *belong to* your wallet. A wallet consists of many secret keys and scripts. Thus, one wallet can generate many (unlimited) different addresses. But they still all belong to you.

> And am I wrong that those 3 wallets are not controlled by me, but are instead in control of Ledger?

This is incorrect - all the secret keys to those addresses will be stored in your ledger hardware wallet and only be usable by you. That's the point of using a hardware wallet. Ledger has no access to your keys.


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