user131022: 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?


user51948: 
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.

131022: <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>
 51948: <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>
