Ledger Nano S recovery

[OmegaStarScream]

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

[1715186334]

1715186334

[1715186334]

1715186334

[1715186334]

1715186334

[1715186334]

1715186334

[1715186334]

1715186334

[staggerpines]

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]

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]

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]

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.

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.