Easy
Ledger Recover: Everything you need to know about Ledger 's recovery service
Ledger Recover is a service designed to provide a backup and recovery solution for Ledger device users . This service aims to address a major problem: the loss or compromise of the recovery phrase (often called a seed phrase ), which can lead to the permanent loss of access to a wallet . Here's what you need to know about Ledger Recover , how it works, its advantages, its limitations, and how to use it in practice.
Table of Contents
What is Ledger Recover?
Ledger Recover is a subscription service developed by Ledger Ledger partnership with Coincover, designed to provide a backup for your recovery phrase. This service is aimed at users who want an extra layer of security (despite less strong self-custody) for their wallet and who are concerned about losing their seed phrase .
Ledger Recover™ allows you to restore access to your wallet even if you have lost or forgotten your recovery phrase . It is a key recovery service , available through Ledger apps and compatible with the Ledger Nano X™, Ledger Nano S Plus™, and other If you are unsure which model to choose, we invite you to visit our Ledger model comparison .
How does Ledger Recover work?
Ledger Recover relies on a technology for fragmenting and securely storing the seed phrase . Upon activation, the secret recovery phrase is encrypted, split into three fragments, and then each fragment is stored by a different entity: Ledger , Coincover and EscrowTech . Coincover and Ledger each store a portion of the seed phrase , ensuring that no single entity can access the entire key.
Steps in operation
1. Ledger Recover™ Identity Verification
First and foremost, the user must complete Ledger 's identity verification . This involves presenting an official document (ID card, passport) and a selfie video. This step links the backup to your identity, making you the only person who can access it.
2. Fragmentation and encryption
Your Ledger device recovery phrase is encrypted and divided into three fragments. These fragments are unusable individually.
3. Multi-entity storage
Each fragment is entrusted to one of three partner companies: Ledger , Coincover, and EscrowTech. Even if one of these companies fails, it is possible to restore the recovery phrase with the other two.
4. Restoration via Ledger Recover
If you lose your Ledger device, you can regain access to it by completing another identity verification process with Ledger Recover . Once your identity is confirmed, two of the three fragments are reunited and returned to your new Ledger .
Which Ledger devices are compatible?
Ledger Recover™ is compatible with Ledger Nano X™, Ledger Nano S Plus™ , and the new Ledger Stax and Flex devices . The service is Ledger Live™ and My Ledger apps . It requires the latest version of the Ledger operating system .
How to use Ledger Recover?
1. Activate Ledger Recover on your Ledger device
Log in to Ledger Wallet and access My Ledger .
Select the Ledger subscription in the Discover tab.
Ledger Recover™ identity verification procedure .
Confirm the creation and saving of your seed phrase .
2. Restore access with Ledger Recover
Get a Ledger device or reset your existing device.
During setup, choose "Restore with Ledger Recover".
Perform the Ledger Recover identity verification .
Follow the instructions on the Ledger Live application and confirm on your Ledger device using the buttons on your Ledger .
Once the procedure is complete, your wallet and assets are restored to your Ledger device .
Advantages of Ledger Recover
Enhanced security : the seed phrase is never stored in a single location; each fragment is encrypted and held by a separate entity.
Ease of use : restoration is done via a guided procedure on the Ledger Live application .
Protection against loss : even if the Ledger device , it is possible to recover access to your wallet .
Covers the loss of the single recovery phrase : useful for those who do not wish to store their seed phrase themselves.
Flexible subscription : Ledger Recover is available for $9.99/month, cancellable at any time.
Disadvantages and points to be aware of
Dependence on third parties : even though each fragment is separate, the system relies on trust in Coincover and Ledger .
Mandatory identity verification : Ledger Recover identity verification for each restore, which may be a deterrent for those who prefer anonymity.
Recurring cost : This is a Ledger subscription , with monthly fees.
No physical phrase recovery : the service does not provide the seed phrase itself, but restores access to the wallet on a Ledger device .
Frequently Asked Questions about Ledger Recover
What will happen to my Ledger subscription if I change my mind?
You can cancel your Ledger at any time from the Ledger Recover app Ledger support .
Is Ledger Recover mandatory?
No, L edger Recover is not mandatory. Each user can choose to store their seed phrase themselves, or use this key recovery service for an additional layer of security (but at the cost of less self-registration) .
What are the main use cases?
-
Loss of your recovery phrase
-
Destruction or loss of the Ledger device
-
Need to transfer a wallet to a new Ledger device?
Technical details and safety
Ledger Recover uses Ledger device 's hardware security module technology (the secure element chip ) to generate and protect the recovery phrase . During backup, the seed phrase is fragmented using an advanced cryptographic protocol: two out of three fragments are sufficient to restore access, thus protecting against the failure of one of the service providers.
The one-time security code is used during recovery, ensuring that only a Ledger Recover identity verification allows the fragments to be restored. The Ledger device 's hardware security module will then reconstruct the private key without ever exposing the secret recovery phrase .
Ledger Recover FAQ
-
How does Ledger Recover work?
It fragments, encrypts, and distributes your recovery phrase to three separate entities, accessible only via two-factor authentication. -
Can I retrieve the seed phrase myself?
No, the service does not provide the secret recovery phrase . It only allows you to regain access to your wallet on a Ledger device . -
What if I lose access to my wallet and my Ledger Recover subscription is suspended? Ledger
support .
Conclusion
Ledger Recover is a service for users who want a backup of their recovery phrase and security for their Ledger , but at the cost of trusting third-party providers. Self-ownership is compromised. It's aimed at those who want to avoid manually managing their recovery phrase while remaining the only person with access to their assets. The Ledger Recover service offers a robust solution but requires trusting multiple parties and a Ledger subscription . Before subscribing to Ledger Recover , carefully weigh the advantages and limitations, and consult the Ledger FAQ for any specific questions.
If you prefer self-management, creating your own recovery phrase remains the most secure method, but also the riskiest in case of forgetting or losing it. Whether to use Ledger Recover will therefore depend on your user profile, your risk tolerance, and your preference for security management.
Cryptocurrency investments are risky. Crypternon cannot be held liable, directly or indirectly, for any damage or loss resulting from the use of any product or service mentioned in this article. Readers should conduct their own research before taking any action and only invest within their financial means. Past performance is not indicative of future results. This article does not constitute investment advice.
Some links in this article are referral links, which means that if you purchase a product or sign up through these links, we will receive a commission from the referred company. These commissions do not incur any additional cost to you as a user, and some referrals give you access to promotions.
AMF Recommendations. There is no guaranteed high return; a product with high potential returns implies high risk. This risk must be commensurate with your investment goals, your investment horizon, and your ability to lose some of your savings. Do not invest if you are not prepared to lose all or part of your capital.
All our articles undergo rigorous fact-checking. Every key piece of information is manually verified against reliable and recognized sources. When we cite a source, the link is always integrated into the text and highlighted in a different color to ensure transparency and allow readers to directly access the original documents.
To learn more, read our Legal Notices , Privacy Policy and Terms of Use .
Yoann
Trained as an engineer, I quickly became interested in the field of finance. Convinced that decentralized finance has a bright future, I am participating in its democratization by developing Crypternon.