First off, congratulations on deciding to get a hardware wallet, as you’re funds are going to be far safer if you use a Ledger Nano S/Nano X or a Trezor hardware wallet.
With that said, you may be wondering— “What if my hardware wallet breaks?”
If you own a Ledger or Trezor hardware wallet, chances are, you’re going to get a piece of paper for your 24-word recovery phrase; and, that’s exactly what the 24-word recovery phrase is for— as a backup as for if ever you lost or break your hardware wallet.
If you manage to break or lose your hardware wallet, you can simply purchase a new one, and simply import the 24-word recovery phrase on the new hardware wallet device itself, not on a computer or phone. As you may know, typing in a 24-word recovery phrase on a computer/phone is very risky as hackers can potentially steal your backup, hence stealing your funds.
But what if I break my hardware wallet and I need to do a transaction?
Like we said, typing in your recovery phrase on a computer/phone is risky. So what do you do when your hardware wallet breaks and you need to do a transaction?
Unfortunately, if you really don’t want to risk losing your funds, we heavily suggest just ordering a new one from their respective official websites(not from Amazon or any other website) and just wait for the new device.
So if you can afford to buy hardware wallets, we really suggest buying an extra one as a backup, so you immediately have a new device to use once you break/lose your hardware wallet.
Fortunately, Ledger has these following “backup pack” promos that has significant discounts:
- Ledger Backup Pack – consists of one Ledger Nano X and one Ledger Nano S.
- Ledger Family Pack X – consists of three(3) Ledger Nano X devices
- Ledger Family Pack S – consists of three(3) Ledger Nano S devices