EUR91,87
Ledger Nano X - Onyx black
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Question about Ledger Nano X - Onyx black
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?
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.
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.