Cryptocurrency Q&A
What happens if someone gets my ledger recovery phrase?
What happens if someone gets my ledger recovery phrase?
SsangyongSpirited
Thu Dec 19 2024
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5
answers
1025
I'm concerned about the security of my ledger. Specifically, I want to know the possible consequences if someone else obtains my ledger recovery phrase. What are the risks involved?
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5 answers
henry_miller_astronomer
Sat Dec 21 2024
It is crucial to understand that anyone who obtains your recovery phrase can potentially access and steal your crypto funds.
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Margherita
Fri Dec 20 2024
To enhance your understanding of how to safeguard your funds, Ledger provides resources where you can learn more about your 24-word recovery phrase.
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Martina
Fri Dec 20 2024
This risk exists regardless of whether they have physical access to your Ledger device or not.
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Federico
Fri Dec 20 2024
Ledger emphasizes that it does not store your private key, ensuring that your funds remain secure on your end.
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CryptoChieftain
Fri Dec 20 2024
Additionally, Ledger will never request your recovery phrase from you. It is solely your responsibility to keep it safe.
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