Ledger Recovery Key: The Backup Key for your Crypto
The security of your cryptocurrency hinges on how well you store your private keys. That's why Ledger is introducing the Ledger Recovery Key, a new, PIN-protected, and fully offline solution for storing your 24-word Secret Recovery Phrase with extra security. This compact card, about 5 cm long, acts as a "backup key" for your crypto, making restoring access quick and easy, even if you lose your hardware wallet.
Design and Security
The Ledger Recovery Key is designed with security and durability in mind. It works completely offline and uses a Secure Element chip, the same tamper-resistant technology used in passports, credit cards, and Ledger devices. Should the card be lost or stolen, access to your crypto is impossible without the PIN. After three incorrect attempts, the Recovery Key is automatically deleted, providing an additional layer of security.
The card is perfectly compatible with Ledger's touchscreen hardware wallets, such as the Ledger Flex and Ledger Stax , and works with your existing recovery options, such as your classic paper recovery sheet. This allows you to create multiple secure ways to recover your crypto assets, depending on your personal preference and situation.
Ease of use
Setting up the Ledger Recovery Key is simple: create a PIN, name the card, and hold it against your Ledger Stax or Flex to establish a connection. You can use multiple Recovery Keys to back up a single Secret Recovery Phrase, or manage different Recovery Keys for multiple wallets. Its compact size and user-friendly setup make this solution accessible to both new and experienced users.
Why the Ledger Recovery Key?
Even in an era where millions of people own crypto, the majority manage their assets through exchanges or software wallets that are less secure. The Ledger Recovery Key makes secure self-custody simpler and more secure: you retain full control over your crypto, without sacrificing ease of use or protection.
The Ledger Recovery Key adds an extra layer of physical and digital security, ensuring your crypto remains protected, even in extreme conditions. It's a smart addition to your Ledger hardware wallet and a reassuring way to safeguard your digital assets.
