@LoyceV, You seem to be teaching Hero and Legendary members things they should know, so I wonder what happens to those who get all their information from other (less credible) sources outside of this forum...?

People persistently repeat the same things that are completely incorrect when it comes to hardware wallets, and apparently a lot of people still have no idea what Ledger Recovery service is - which only means that maybe one day we will wake up and have a new Mt.Gox.

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@bitmover has a good image that is always appropriate for a question like the OP's