What happens to my digital assets if Ledger goes out of business?

3 answers

• Dec 25, 2021 · 3 years ago
  If Ledger were to go out of business, it would not affect your ability to access and transfer your digital assets. Ledger wallets are non-custodial, which means that you have full control over your private keys. As long as you have your recovery phrase or seed phrase, you can import your wallet into another compatible wallet and regain access to your funds. It's always recommended to have a backup of your recovery phrase in a safe place.
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• Dec 25, 2021 · 3 years ago
  Don't worry! Even if Ledger shuts down, your digital assets will still be safe. Ledger wallets store your private keys offline, providing an extra layer of security. As long as you have your recovery phrase, you can import your wallet into other hardware wallets or software wallets that support the same cryptocurrency. Just make sure to keep your recovery phrase secure and never share it with anyone.
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• Dec 25, 2021 · 3 years ago
  In the unlikely event that Ledger goes out of business, your digital assets will not be affected. Ledger wallets are designed to be compatible with other wallets and services. You can easily import your wallet into another hardware wallet or software wallet that supports the same cryptocurrency. It's always a good practice to have multiple backups of your recovery phrase to ensure the safety of your funds. Remember, you are the sole owner of your private keys, and as long as you have them, your digital assets are secure.
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