![]() ![]() ![]() If you still have your set of 24 words, you can still regain access to your valuable crypto assets. Should your Ledger hardware wallet be lost, stolen or broken, your recovery phrase will be of utmost importance. The answer to no longer having your Ledger device is the same as having forgotten your PIN code. – If you both forgot your PIN and have lost your recovery phrase, your crypto will be lost I’m sure I left my Nano X right here… – In that case, you can enter your 24 words on a freshly reset device – If you forgot your PIN yet still have your set of 24 words, your crypto isn’t lost This is why we continuously stress the importance of keeping your recovery phrase in a secure location. If you forgot both your device’s PIN code and lost your recovery phrase, this would cause the loss of your crypto. We wrote an article to show how this can be done. So long as you still have your 24-word recovery phrase, you can enter it into your device and continue managing your cryptocurrencies as if nothing ever happened. Your recovery phrase can be used to regain access to your crypto assets. Should you have lost it, there is still a way to prevent any loss. Your PIN code is definitely a vital piece of information for managing your crypto. So if you’d forget your Ledger’s PIN code, that’d mean it’s game over right? This is part of a security mechanism so no one could endlessly try to guess your PIN code. What’s more: if you enter an incorrect PIN code three times, your Ledger device will reset itself and wipe the previous recovery phrase that was on it. If you cannot unlock it, you cannot access your crypto riches. Your PIN is definitely an important thing to remember since it’s the key to unlocking your Ledger device. We all forget things sometimes – it happens. – Uninstalling an app from your device or removing an account in Ledger Live does not affect your crypto What was my PIN code again? – The real Ledger Live app will never ask you for your recovery phrase – Never enter your 24 words into any device other than a legitimate hardware wallet – Always make sure to get Ledger Live through. This is due to how apps work – you can read more about this here. So long as your device is still set up with the same 24 words, it’ll grant access to the same accounts, thus equally not resulting in any losses. If you uninstall your Bitcoin app from your Ledger device, you can simply reinstall it. This means that even resetting Ledger Live wouldn’t affect your crypto assets. If you delete an account on Ledger Live, you can simply re-add the same one through your Ledger hardware wallet. We also strongly recommend to only get Ledger Live through our website: We do sometimes get questions as well on losing crypto assets if you delete an account on Ledger Live, or if you can lose your Bitcoin when you delete the Bitcoin app from your Ledger device. This should only be entered into a legitimate hardware wallet if needed. We urge everyone to never interact with these apps – and definitely never enter your 24-word recovery phrase into any application. A common phishing scam that we see is a fake Ledger Live app, most notably a fake Chrome extension or fake app for Android. There are several phishing attempts out there in the world of cryptocurrencies – so much so that we’ve written a dedicated article on it to help arm our users against them. ![]() It is, however, key that you are using the legitimate Ledger Live app. You can even stake your Tezos and Tron for passively earning crypto rewards and buy more crypto directly through it. Along with your Ledger hardware wallet, it enables you with complete control over your own crypto assets like Bitcoin, Ethereum, XRP and 22 more coins as well as over 1500 tokens. Ledger Live is a powerful tool to help provide you with the best crypto experience. There are still a few best practices that need to be kept in mind to maintain the security of your cryptocurrencies – and today we’ll go over those. Our devices use only top-of-the-line Secure Element chips to protect your valuable assets. Ledger hardware wallets are the best at keeping your crypto safe. It’s also vital to keep your recovery phrase secure, offline and out of anyone’s reach. Should both be lost, your crypto will become inaccessible. If you lost your recovery phrase, but still have access to your device and PIN, you can equally regain access to your crypto. Remembering your PIN is vital as well, but your recovery phrase can help you regain access to your crypto if you forgot it. It’s key to use the legitimate Ledger Live app which is available on ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |