Learn how to safely backup and recover your cryptocurrency wallet with this simple step-by-step guide. Protect your digital assets with proper security practices.
Your Ledger device stores your cryptocurrency securely, but what happens if it's lost, stolen, or damaged? That's where your recovery phrase comes in. This 24-word backup is the master key to all your crypto assets.
Think of it like a spare key to your house - you hope you'll never need it, but you'll be grateful it exists if something goes wrong. The difference is, with crypto, there's no locksmith to call if you lose access.
Plug in your Ledger hardware wallet and open Ledger Live on your computer.
💡 Tip: Make sure your device is unlocked and the correct app is open
Click on the gear icon in the top right corner of Ledger Live to open settings.
💡 Tip: You'll find backup options under the 'Security' section
Write down your 24-word recovery phrase on paper. Never store it digitally.
💡 Tip: Use the official Ledger recovery sheet for best security
Test your recovery phrase by entering it back into your device to confirm it works.
💡 Tip: This step ensures you can recover your wallet if needed
If you ever need to recover your wallet, you'll enter your 24-word phrase into a new Ledger device or compatible wallet software. This will restore access to all your cryptocurrency accounts and transaction history.
The recovery process typically takes just a few minutes, but it's crucial that you enter the words in the exact order they were given to you. One wrong word or incorrect order will prevent access to your funds.
Don't wait until it's too late. Set up your backup today and sleep soundly knowing your digital assets are protected.