Is it possible to reset Ledger Live without losing my cryptocurrency holdings?

3 answers

• LuckeNov 01, 2023 · 2 years ago
  Yes, it is possible to reset Ledger Live without losing your cryptocurrency holdings. When you reset Ledger Live, it only resets the software and settings on your device, not your actual cryptocurrency holdings. Your holdings are stored on the blockchain, not in Ledger Live. So, as long as you have your recovery phrase or private keys, you can easily recover your cryptocurrency holdings after resetting Ledger Live.
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• Roman PankivMar 29, 2024 · 2 years ago
  Absolutely! You can reset Ledger Live without any worries about losing your cryptocurrency holdings. Ledger Live is just a software interface that allows you to manage your cryptocurrency, but it doesn't store your actual holdings. Your holdings are stored on the blockchain, and Ledger Live only provides access to them. So, when you reset Ledger Live, you are only resetting the software, not your holdings. Just make sure you have your recovery phrase or private keys handy to restore your access to your cryptocurrency after the reset.
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• KO KMay 14, 2021 · 4 years ago
  Yes, you can reset Ledger Live without losing your cryptocurrency holdings. Ledger Live is designed to be a secure and user-friendly interface for managing your cryptocurrency, and it doesn't store your actual holdings. Your holdings are stored on the blockchain, and Ledger Live simply provides a way to interact with them. So, when you reset Ledger Live, you are only resetting the software, not your holdings. Just make sure you have your recovery phrase or private keys backed up, so you can easily restore your access to your cryptocurrency after the reset. If you have any further questions about Ledger Live or cryptocurrency management, feel free to ask!
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