⭐ Merited by sayulita (2)
@sunsilk
That's in case something happens with your hardware wallet which causes it to be broken and, you are in need of your balance from that wallet to use it for other things or important matters. You can still retrieve and take your funds even your hardware wallet is broken through Electrum.Quote
You probably don't know that you can import your seed from a hardware wallet to an Electrum wallet. To easily understand it, you can easily connect your wallet from that hardware even if it's broken with the use of Electrum wallet.
And why would you like to import your seed to electrum since you have the strong hardware? I guess the OP says that if you don't have the backup of the wallet then you are dead
Well, he said if the hardware wallet 'stops working' or could be broken due to a circumstance.Also I didn't knew about the importing of key from a broken hardware wallet to electrum wallet, should it be from a backup or we can also extract the key from the broken hardware wallet??
You can do that as long as you have the recovery phrase from your hardware wallet, you can use that with Electrum.