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Honkai  
#1 Posted : Wednesday, May 24, 2023 5:59:40 AM(UTC)
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Joined: 4/30/2010(UTC)
Posts: 294
I am a long-time user of Ledger Nano X, a hardware wallet that lets me store and manage my crypto assets securely and easily. It is one of the best investments I ever made for my crypto journey. But there was always one thing that bothered me: the Secret Recovery Phrase.
The Secret Recovery Phrase is a 24-word phrase that is used to restore my private keys if I lose access to my Ledger device. It is the ultimate backup for my crypto assets. But it also comes with risks. If I lose or forget my Secret Recovery Phrase, or if someone else gets hold of it, I will lose all my funds irreversibly.
That’s why I was excited to learn about Ledger Recover, a new service that adds an extra layer of security for my Secret Recovery Phrase. Ledger Recover is an ID-based key recovery service that provides a backup for my Secret Recovery Phrase. The backup is linked to my verified identity and encrypted into three fragments, each stored by a different provider: Ledger, Coincover, and a third provider. If I ever need to recover my private keys, I can use my identity as the key to access the backup.
Ledger Recover is a great way to enhance my crypto security and experience. It removes the stress and hassle of managing my Secret Recovery Phrase. It also ensures that only I can access my backup with double ID verification. Ledger Recover is a must-have for anyone who wants to protect their crypto assets with self-custody.
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