Whether you have lost your Ledger Nano S offline crypto wallet or got it damaged or broken, you always have the option to recover the old account to a new S device.
How you can do that with success and security is the topic of discussion today. Let’s begin not lengthening the intro!
How To Recover Lost Ledger Nano S ?
Before we introduce you to the recovery process, it is better to answer the two most common queries that a Ledger S user wants to learn just after losing or damaging the device.
What happens when your Ledger Nano S is lost?
There is no doubt that one steals your ledger nano wallet with an oblique thought in mind. But, the saddest part is that the thief never enjoys success as your cryptos are not stored directly inside the wallet.
Then, where are your currencies? Well, your currencies are always floating in the blockchain that miners or stakers maintain. Your Nano S acts just like a gateway for your reaching the currencies.
Here arises another question: can’t the thief reach crypto confusing the blockchain? The answer is a big NO because this will require the thief to use the 24 hidden words that we believe you have been storing well so far.
Hence, the short answer to what happens when your Nano S is stolen by someone is - he or she just has the physical wallet, nothing more than that.
What should you do as soon as you discover the lost?
The moment you discover that your Ledger Nano S is nowhere, that means it is lost or stolen, nothing to be freaked out. Instead, the first thing that you should do is to order a new wallet.
As long as you receive the new one, you can use the 24 recovery phrases to transfer your coins to new addresses to make sure that the coins are completely safe.
While migrating the coins, ensure that the wallet to which you are sending the coins is compatible with all your coins. Otherwise, you may end up doing something messy, we mean, different coins may spread across different wallets.
How to recover lost Ledger Nano S ?
Recovering the lost Ledger S requires you to go through a number of steps consecutively. Here follow those steps in detail for you:
Step 1: Reset the Ledger Live App
First of all, open the Ledger Live App from your laptop or desktop.
On the right corner of the top, there is a symbol of cog. Click on it and a number of options will appear before you. From there click on ‘Help’.
A new list of commands will pop up under the title of Help. Keep scrolling down slowly until you locate the Reset Ledger Live option. Click on the Reset button that is just on the right side.
Step 2: Set up new Ledger Nano S
Step 3: Storing the word seed
As you select the Initialise as a new device option, you will be shown a word seed. Write it down on a paper and store the paper piece in a secure place. Make sure that none sees the word seed while copying it on the paper.
Step 4: Copy the new addresses
Can you remember the coins you have been using? We know you can! So, the next step is very easy that requires you to do nothing but copy.
Under the name of each of your coins, there is a Receive option. Simply, click on the option. After every click, you will be given a public key. Copy the key.
Keep in mind that this is the address that you will be using to send your coins to this fresh wallet.
Step 5: Reset the Ledger Nano S wallet
Visit the Settings of the device where you will find an option named ‘Reset All.’ Just click on it and you’re done.
For doing so, you will be asked to enter the passcode that you used to use with the previous device.
In case, you can’t rethink that, nothing to be concerned about. After 3 consecutive failed attempts, you will get the chance to reset.
Again, reset the Ledger Live App.
Step 6: Restore device from recovery phrase
Visit the Ledger Live App and choose ‘Restore device from recovery phrase’ By clicking on this option, you will be asked to go through a number of steps.
Going through the steps consecutively, you can import the recovery seed from the lost wallet.
You should have access to your data including assets, balance, transaction data and so on.
Reset both the Ledger S device and Live App for the last time.
Step 7: Recover the Ledger Nano S with the new seed
Click “Restore device from recovery phrase” one more time for importing a new word seed.
At this stage, you should have all of your crypto assets on a new Ledger Nano S with a secure word seed.
What should I do if I lose my Ledger Nano S?
Ans. There is nothing to have a headache at all as long as the 24 hidden words are securely stored. You can recover your account at any time with a new Ledger S wallet.
Can I backup Ledger Nano S?
Ans. Yes, you can obviously. With a Ledger Nano X/S, you can backup Ledger Nano X/S.
Is the process of recovering the same for a lost or damaged Ledger S?
Ans. Yes, the process of recovery is the same as we have already narrated for you.
To sum up, the recovery of your old Ledger S account is not that much tough at all. But, the situation will definitely get worse in case you lose the noted 24 word seeds or the thief has also stolen that.