You are viewing a single comment's thread from:
RE: How to keep your cryptocurrency safe and secure on a hardware wallet
I plan to buy a cold storage soon when I will reach a certain amount before to justify the investment. Very informative article and give me the confidence to buy this model :). One question, the feature of taking 24 words offline, how this works in case you lost the device or get it robbed ?
Sorry for a very late response, @chesatochi. If you lose the device or it gets stolen, the perpetrators cannot access your private keys without PIN code, so they are safe. You buy a new Ledger Nano S and restore your private keys by entering some of the 24 secret words in the correct order, when prompted to do so. Then it unlocks access to all your wallets that were previously stored on your original device. Easy and secure!