When you Descargar AplicaciÛn Monedero Ledger, it empowers you with the ownership, along with the control of the crypto assets. But as they say, with great power comes great responsibilities, by being your bank, it is certainly not trivial and will require a lot of discipline. You must be smart o handle all your crypto assets and keep them secure.
While initializing the wallet for the very first time, you will be asked to write down twenty-four words on a recovery sheet. All the twenty-four words are called the recovery phrase and are readable backup for humans, and it is from this that the private keys are derived. These recovery phrases are used to access the crypto assets on any other ledger device. This list of unique words is generated by the wallet.
Security principles
There are two reasons why you would need the recovery phrase for access purposes.
- When lost or destructed, the recovery phrase can be entered on a new device to recover full access to your crypto assets.
- You can clone your device by entering the 24 words recovery phrase on any other device. And then you will be in the possession of two wallets that can be used independently. You can also clone while you upgrade to a new model.
You must secure your recovery phrase from being leaked or else you might end losing all your crypto assets. Never compromise at any point in time which can lead to catastrophic losses. When one Descargar AplicaciÛn Monedero Ledger, then one must trust only that what they see on the screen. As you can Descargar AplicaciÛn Monedero Ledger in your desktop or smartphone treat the information provided in them with caution. You must always verify your receiving address and the information about the payment on your device.
Below are some of the points that you must be aware of after you Descargar AplicaciÛn Monedero Ledger
- No pictures of your recovery sheet to be taken
Your smartphones are no safe place to store such sensitive things and the worst part is that they can get uploaded to the cloud storage automatically.
- Do not enter your recovery phrase anywhere on your laptop or mobile phone.
There might be keyloggers, and having this information stored online ( be it encrypted) can completely destroy the motive and the purpose of having the wallet. The Descargar AplicaciÛn Monedero Ledger becomes total waste.
- Never disclose the 24 words recovery phrase to anyone.
If you ever share the recovery phrase with anyone, then be aware that they would have the access to all of your assets (crypto), anytime and with no easy way of revoking the access.
- Safely store your recovery sheet
If you lose the recovery sheet or is destroyed for any of the reason, then you must move your crypto to a newly set up wallet on an immediate basis.
Adding to this, it must be you who knows your recovery phrase. And make sure you have generated it by yourself with no usage of a preconfigured device.
