How can I recover my Decred wallet on Ledger Nano S if I lose my device?

3 answers

• Mar 19, 2022 · 3 years ago
  Yes, you can recover your Decred wallet on Ledger Nano S even if you lose your device. The recovery process involves using the 24-word recovery phrase that you should have written down when you first set up your wallet. With this recovery phrase, you can restore your wallet on a new Ledger Nano S or a compatible wallet software. Simply follow the instructions provided by Ledger or the wallet software you choose to recover your wallet. Make sure to keep your recovery phrase safe and secure to avoid any unauthorized access to your funds.
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• Mar 19, 2022 · 3 years ago
  Losing your Ledger Nano S device doesn't mean losing your Decred wallet forever. As long as you have your recovery phrase, you can easily recover your wallet on a new device. Just make sure to keep your recovery phrase in a safe place, preferably offline and away from prying eyes. When you get a new Ledger Nano S or a compatible wallet software, follow the instructions provided to restore your wallet using the recovery phrase. It's always a good practice to have a backup of your recovery phrase in case of any unforeseen circumstances.
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• Mar 19, 2022 · 3 years ago
  If you lose your Ledger Nano S device, don't panic! You can still recover your Decred wallet using the recovery phrase. The recovery phrase is a set of 24 words that you should have written down when you first set up your wallet. With these words, you can restore your wallet on a new device. Simply follow the instructions provided by Ledger or the wallet software you choose. Remember to keep your recovery phrase safe and never share it with anyone. Losing the device doesn't mean losing your funds, as long as you have your recovery phrase.
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