Bitcoin Forum
November 23, 2017, 01:20:58 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Ledger Nano S recovery  (Read 3096 times)
OmegaStarScream
Staff
Legendary
*
Online Online

Activity: 1120



View Profile
March 01, 2017, 11:02:46 AM
 #1

If I ever lose my Ledger Nano S or It simply stop working for one reason or another, is the only way to recover my coins is by buying another one and enter the passphrase again? I want to know If there is some kind of software (open source) where I could just it to recover my coins without the need of buying another Ledger wallet

1511443258
Hero Member
*
Offline Offline

Posts: 1511443258

View Profile Personal Message (Offline)

Ignore
1511443258
Reply with quote  #2

1511443258
Report to moderator
1511443258
Hero Member
*
Offline Offline

Posts: 1511443258

View Profile Personal Message (Offline)

Ignore
1511443258
Reply with quote  #2

1511443258
Report to moderator
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511443258
Hero Member
*
Offline Offline

Posts: 1511443258

View Profile Personal Message (Offline)

Ignore
1511443258
Reply with quote  #2

1511443258
Report to moderator
staggerpines
Jr. Member
*
Offline Offline

Activity: 52


View Profile
March 01, 2017, 12:07:06 PM
 #2

If there were some kind of software, wouldn't you be worried if it was hacked then your coins would be lost?

I think a new ledger would be not only the safer option, but the cheaper option in the long run.
mocacinno
Legendary
*
Online Online

Activity: 1050


http://www.mocacinno.com


View Profile WWW
March 01, 2017, 12:09:33 PM
 #3

If I ever lose my Ledger Nano S or It simply stop working for one reason or another, is the only way to recover my coins is by buying another one and enter the passphrase again? I want to know If there is some kind of software (open source) where I could just it to recover my coins without the need of buying another Ledger wallet

Well, there are options...
https://iancoleman.github.io/bip39/ and http://bip32.org/ should work, altough you do need the correct derivation paths.

If you know some python, you can actually write a script to do everything yourself.

An other option would be to use a BIP39/BIP44 compatible wallet and restore it with your written down seed words.

This being said, with the price of a nano s, i'd personally just buy a new one, and use the mnemonic to restore my wallets instead of messing around with other tools...

Calydon
Full Member
***
Offline Offline

Activity: 225


Social Media Manager


View Profile WWW
March 01, 2017, 12:45:34 PM
 #4

Quote
In case of loss or theft of your Ledger Wallet, or at any time, you can restore your entire balance either on a new Ledger Wallet or on any BIP39 compatible software wallet such as Multibit HD or Mycelium.
http://support.ledgerwallet.com/knowledge_base/topics/what-happens-if-i-lose-my-ledger-wallet

OmegaStarScream
Staff
Legendary
*
Online Online

Activity: 1120



View Profile
March 01, 2017, 12:50:53 PM
 #5

Well, there are options...
https://iancoleman.github.io/bip39/ and http://bip32.org/ should work, altough you do need the correct derivation paths.

If you know some python, you can actually write a script to do everything yourself.

An other option would be to use a BIP39/BIP44 compatible wallet and restore it with your written down seed words.

This being said, with the price of a nano s, i'd personally just buy a new one, and use the mnemonic to restore my wallets instead of messing around with other tools...

If it's BIP39, I assume It should work using Multibit HD and Electrum? those software are both tested by thousands of people, I don't see any risks If they indeed work. I live in a third world country, and I'm only saying the truth when I say that packages could or could not arrive (I mean they arrive to the country but customs steal them) so I don't want to take any risks spending money If I'm not going to get my item.


Quote
In case of loss or theft of your Ledger Wallet, or at any time, you can restore your entire balance either on a new Ledger Wallet or on any BIP39 compatible software wallet such as Multibit HD or Mycelium.
http://support.ledgerwallet.com/knowledge_base/topics/what-happens-if-i-lose-my-ledger-wallet

I thought I could do with Electrum too, thanks ! I had my doubts but I just wanted to make sure.


Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!