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What happens if you lose your crypto hardware wallet

What happens if you lose your crypto hardware wallet

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So, if you lose your device, you can simply enter your 24 words into a new hardware wallet. This will recover everything from your lost device. If you lose both your hardware wallet and seed phrase, there's a good chance your funds could be unrecoverable. � BitPay Blog �. Blockchain. The only requirement to recover crypto assets, in that case, would be maintaining access to the private keys.

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If you ever lose your main device, no problem. Hardware wallets are safe because they store your recovery phrase, pin, and password offline. Announcements can be found in our blog.