So this is some kind of a very important question to me since I lost access to my Bitcoin funds many years ago and I don‘t want to lose anything else again.
I am using a Ledger for my Ethereum. I created a Ethereum account with the Ledger live desktop software, connected the Ledger with MetaMask and got myself Ethereum addresses.
I am holding Ethereum since a long time ago too and I keep buying some Ethereum for Web3 activity I am using a address for a EVM compatible chain too. So I use 3 addresses.
That means I have 3 Ethereum addresses in Meta Mask generated with my Ledger device. The first Ethereum address is the one matches with the Ledger live account address and is holding my EVM compatible coins. Since it‘s not Ethereum, Ledger live does not see a balance within the Ethereum Account. The second one is for buying and the third one is holding my legacy Ethereum.
Let‘s say my Ledger stops working, I am buying a new one and revover the Ledger with my seedphrase which I of course keep care of. I am installing the Ethereum app and I recover my Ethereum account.
Will Ledger recover the same Ethereum account I created the Meta Mask addrsses with or will Ledger create a empty new one, since Ledger live can not see balances?