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Topic: How to restore non BTC coins or tokens from a broken ledger device? - page 2. (Read 280 times)

legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
For example if I have usdt in Tron network. How would I restore the Tron wallet securely using the 24 hour seed phrases?
In case you have many altcoins controlled by the private key on the hardware wallet, I will not advice you to import the seed phrase into Electrum wallet because you will need to import the seed phrase on a wallet that will let you be able to have access to your coins, and for altcoins, these wallets can be online wallets.

This is my advice. After you first import the seed phrase into Electrum wallet, then send all the bitcoin on the electrum wallet to your airgapped Electrum wallet(which is of course another wallet) in which transaction fee will be charged, then your bitcoin is safe. For altcoins, you may not have option than to import the seed phrase on the online wallet.

You will still want to buy another hardware wallet, generate another seed phrase and transfer all your coins individual with transaction fee charged to the hardware wallet.

If your hardware is damaged, you can still like the option above. But if your hardware wallet is stolen, even better to send the whole coins into another wallet also in which transaction fee will be charged rather than importing it.
newbie
Activity: 17
Merit: 23
I am working on buying a ledger device but before I do that I am trying to understand as best I can about the pros and cons for it.

If I lose my device or the device become demanded for some reasons then I can easily use the 24 word seed on Electrum (in an airgapped device, computer) and restore the BTC wallet securely. But I see no article around on how to restore non BTC coins.

For example if I have usdt in Tron network. How would I restore the Tron wallet securely using the 24 hour seed phrases?

Thanks for your answer in advance.
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