Securing your assets is important for preserving your capital. So owning a Ledger is already a good step. But there's more you can do to improve your security. Digital threats aren't the only ones you need to consider. In this article, we explain why it's worth adding an extra layer of protection by securing your Ledger with another Ledger.
Imagine the unthinkable: your main hardware portfolio has been lost or damaged. Worse still, you've written down your 24 words incorrectly, or your recovery phrase has been destroyed (flood, fire, etc.). In this case, having a back-up wallet guarantees continued access to your funds and protects you from any financial setbacks.
Owning cryptocurrencies sometimes attracts the covetousness of ill-intentioned individuals. In the unfortunate event of a theft, having a second hardware wallet is sensible protection. Even if one device is compromised, the second remains intact, thwarting the malicious intentions of would-be thieves.
Losing the recovery sheet is a nightmare for any cryptocurrency enthusiast. Many users have found themselves in this situation. By using a second hardware wallet, the reliance on a single recovery sheet or hard disk, for example, is reduced, protecting against the consequences of misplacement.
For those sharing a crypto account with loved ones, having a separate hardware wallet guarantees individualized access. This promotes security and independence in the management of shared assets.
To learn more about why you should have a backup of your Ledger already in possession and explore best practices, you can refer to the relevant Ledger Academy article that explains the nuances of strengthening cryptocurrency security with a backup device.
Up to and including November 27, Ledger is offering a can't-miss deal to get your first Ledger or a second Ledger as a backup device for your main Ledger:
For more information on this offer, click here to visit the official Ledger website.
Source: https://www.ledger.com/academy/hardwarewallet/increase-your-security-with-a-backup-device — consulted on 24.11.23
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