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What does Ledger Recover do?

Ledger Recover is an optional service from Ledger that helps you to keep your seed phrase safe.

Basically, Ledger Recover does three important things:

  1. It encrypts your seed phrase. Your seed phrase is like the master key to your cryptocurrencies. Ledger Recover splits this phrase into three encrypted fragments. This means that it is optimally protected even in the event of a data leak.
  2. It distributes the fragments. Each fragment is sent to a different provider. Ledger works together with trustworthy partners such as Coincover. This prevents anyone from gaining access to your entire seed phrase.
  3. It enables recovery. If you lose your seed phrase, you can recover it via Ledger Recover. You have to identify yourself, similar to a bank. The fragments are then merged and you regain access to your cryptocurrencies.

In short: Ledger Recover offers you an additional layer of security for your seed phrase in case you lose it.

Keep in mind, however, that Ledger Recover is a paid service and some users have concerns about data protection. Weigh up the pros and cons and decide for yourself whether Ledger Recover is right for you.

You can also find out more here: What is Ledger Recover?


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