Ledger Nano X - Onyx black (Bitcoin, Litecoin, Ubiq, Bitcoin cash, Komodo, Zcash, Ethereum Classic, Ether, Vertcoin, Stellar, Neo, Dash)
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Ledger Nano X - Onyx black

Bitcoin, Litecoin, Ubiq, Bitcoin cash, Komodo, Zcash, Ethereum Classic, Ether, Vertcoin, Stellar, Neo, Dash

Question about Ledger Nano X - Onyx black

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lampe100477

4 years ago

Hello all. A hardware wallet is certainly a good thing, but what happens if it breaks? Then all the coins are lost. Isn't a software wallet like Trust Wallet more secure?

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ralfkindle

4 years ago

No, that is not a problem. As with a software wallet, you also have your recovery phrase (24 words) with which your key can be restored on a new ledger.
The advantage of a hardware wallet is that your key is never exposed outside of it. It cannot be copied, even if the device with which you use the hardware wallet is even more secure. With a software wallet, the danger exists because your key is stored on the device.
I hope this answer helps you.