Ledger nano s security question

[milly.willy]

Hi,

Just a quick question. If my ledger nano s gets stolen does the theft need to know my PIN AND my 24 word seed to access my coins? Or the 24 word seed is all they need and they can just create another PIN? I was just wonder if they would need PIN AND the seed or just the seed.

Thanks

[TryNinja]

If someone steal your Ledger Nano S, they will need either:

a. The PIN to unlock the wallet.
or
b. The seed, so they can reset the device and restore the wallet with it.

If you have the seed, you don't really need the PIN, as you can: reset the wallet, restore it and setup a new PIN.

Or the 24 word seed is all they need and they can just create another PIN?

That's right.

[Iranus]

Yes.  But if you want, you can have additional passphrases in order to protect yourself against theft. 

That way even if someone is right there pressuring you to give up information, the majority of your coins could remain safe provided that you protect your privacy.

Or the 24 word seed is all they need and they can just create another PIN?

If they want, they can even export the seed to another wallet which is compatible with it and they wouldn't have any PIN at all.