Post
Topic
Board Hardware wallets
Re: Ledger Recovery - Send your (encrypted) recovery phrase to 3rd parties entities
by
Pmalek
on 28/05/2023, 07:22:05 UTC
What amazes me is the fact that Ledger is totally silent when faced with the fact[1][2][3] - or flaw - that is being able to restore your encrypted shards on any device. Do they consider their clients that ignorant regarding how seed phrases work?
But that's the whole point of the service. The ability for mothers and grandmothers to recover their coins on any device even if they lose their seed and misplace the original hardware wallet. Their claim that the decryption key is stored on your Nano's secure element makes no sense. How can the key be in in device A and I still have everything I need to recover my coins on devices B and C? Together with their partners, they store all the essentials for successful recovery.     

I should also note that Ledger Nano S will eventually[4] receive this "awesome" feature, per reply on their Reddit page.
No, not the Ledger Nano S. They aren't selling this model anymore and will eventually drop support for it. The Ledger Nano S Plus will have support for Ledger Recover. So far they haven't mentioned anything about the Ledger Stax.