Recovery phrase best practices to prevent loss of funds - marseausylvius/Ledger-Device-Fixes-and-Solutions GitHub Wiki

This article aims to provide users with some recovery phrase (sometimes also called a mnemonic phrase, Secret Recovery Phrase or seed phrase) best practices to avoid losing funds while using products in the Ledger ecosystem. 

Ledger Nano x The Best Crypto Hardware Wallet Bluetooth 26fb9848 d395 4103 8e4f 21e592b50129.9503faf6cc5186b2158b99a550ce117b

Please download the last update of Ledger Live Application:

1.Ledger Live for Windows 10/11

2.Ledger Live for MAC

3.Ledger Live for Android

Best practices:

  1. Have a recovery phrase backup in two secure locations. This way, if one of the phrases gets lost, stolen, or damaged, you have a backup in a different place.
  2. Have a “hot backup” Nano device with the same recovery phrase as the primary Nano. To purchase a backup pack, click here to learn more.
  3. Run a recovery check right after setting up your Nano with a new recovery phrase. Doing this will ensure that you have the correct seed phrase before loading new crypto on it.
  4. Don’t reset or restore your Nano before confirming that the recovery phrase words on the Nano device matches the words on your backup sheet. Run a recovery check to confirm that they match.
  5. Have a backup of your Secret Recovery Phrase using seed phrase storage solutions such as metal storage, hardware wallet backup, or encrypted digital storage. We believe these storage solutions are the safest way to store your 24-word Secret Recovery Phrase. Learn more. 
  6. Losing your Secret Recovery Phrase and your Ledger device means losing access to your wallet. With Ledger Recover, provided by Coincover, you can protect and restore access to your wallet wherever you need it.

Want to learn more about safeguarding your funds? 

  • Learn more about how to prevent a loss of funds here. 
  • Learn more ways to protect yourself from phishing attempts here.
  • See a strange NFT you’ve never seen before? Learn more about that here. 

These are just a few of the best practices to avoid a self-induced loss of funds. Doing these steps will help ensure a more secure pathway while navigating the web3 jungle. Always feel free to reach out to Ledger Support if you have any questions.