Thanks for your information! If I break my wallet and buy a new one how does my crypto transfer to a new wallet? Do I need to connect to blockchain online?
Hey guys, what if my ledger wallet is damaged is there any way to recover my crypto? Any back up or something?
when initialising your device, you'll be presented with a seed phrase and you'll be asked to write this phrase down.
If you ever break/lose your wallet, you can buy a new one and restore it using said seed phrase... Or if you're in a hurry, you can use electrum to restore your wallet using exactly the same seed... However, when using electrum to restore from seed you should consider your wallet to be compromised... But it's nice to know this is possible in case there's a sense of urgency.
By the way, this is exactly why you should write the seed phrase on paper, and never store it online. Also, make sure you store the paper on a safe place... In order to protect you against somebody finding your seed, you can use a passphrase:
https://support.ledger.com/hc/en-us/articles/115005214529-Advanced-passphrase-security