What if our nano ledger is lost or damaged? Can we still back up our lost assets on the hardware wallet? or should we surrender? I've been in crypto for years, but haven't used a hardware wallet lol. Because I'm the type to be careless when handling small items.
You should visit ledger nano documentation first to learn how to use it. You can download the manual from here
https://support.ledger.com/hc/en-us/articles/360007061974-User-manualLedger nano is generating mnemonics seed(24 word phrase) on the first setup so make sure you have a copy of this or write them down on the piece of paper and put them on the safe place because you will need it in the future if the hardware wallet is lost or damaged.