0
0
News

Ledger Debuts Physical Recovery Key for its Hardware Wallets

The NFC-equipped card allows users to recover access to assets on its newer hardware devices.
0
0
Jun 24, 20251 min read

Ledger unveiled its Recovery Key, a physical NFC-enabled backup for wallets aimed at simplifying crypto user security without compromising control.

What’s the Scoop?

  • Hardware Wallet Upgrade: Ledger introduced a physical 'Recovery Key' compatible with its Stax and Flex devices, enhancing wallet backup options.
  • Advanced Security: The NFC-enabled device stores a recovery key in a Secure Element, requiring users to tap it against their wallet and enter a PIN.
  • Transparency Commitment: Ledger released the device alongside a whitepaper, emphasizing transparency and user security in response to past controversies.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.