Ledger Recover: Everything You Wanted To Know

In the evolving landscape of digital asset security, Ledger Recover is positioning itself as a forward-thinking solution to an age-old crypto dilemma: what happens if you lose your seed phrase? First introduced in 2023 and now gaining wider adoption, Ledger Recover offers an optional, identity-based recovery service that aims to make self-custody more resilient—especially for newcomers to the space. With increasing attention on crypto security and regulation, this review revisits Ledger Recover to explore how it works, who it’s built for, and whether its trade-offs strike the right balance between convenience and control.

Also check out our Ledger Nano X Review and Ledger Nano S Plus Review.

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What is Ledger Recover?

Ledger Recover is a service you can choose to use that helps you get back into your crypto wallet if you ever lose your recovery phrase or your Ledger device. It’s made by Ledger and works with two other companies: Coincover and Escrowtech.

When you sign up, your secret recovery phrase is split into 3 parts. These parts are encrypted (turned into secret code) and stored with the 3 companies. To recover your wallet, you have to prove your identity using a government ID and a selfie. Once that’s done, the companies send the encrypted parts back to your Ledger device. The device then puts the phrase back together. Everything happens on your device, so your keys are not sent to the internet or other people.

Right now, Ledger Recover works with Ledger Nano X, and they are adding support for Nano S Plus and Ledger Stax. It does not work with the original Nano S.

The service costs US$10 each month. Note however if you stop paying for more than 3 months, you will need to pay 50 euros and catch up on your missed payments to use it again.

How to use Ledger Recover?

To use Ledger Recover, you need a Ledger Nano X, Nano S Plus, Ledger Stax and Ledger Flex too. This is a paid service you can choose to use—it costs US$10 a month.

Sign up and prove who you are
Start by signing up in the Ledger Live app. You’ll need to scan your ID and take a selfie video so they know it’s really you.
Make a backup
After your identity is approved, your Ledger device makes a copy of your secret 24-word recovery phrase. It turns this copy into secret code and breaks it into 3 parts.
Store the parts
These 3 pieces go to 3 different trusted companies: Ledger, Coincover, and Escrowtech. They all keep the pieces safe and only send them back to you if you prove who you are again.
Recover your keys
If you lose your Ledger device or forget your recovery phrase, you can start the recovery process in Ledger Live. After you prove your identity again, the 3 companies send the parts to your new or current Ledger device. It puts the parts back together, only on the device—not on the internet.
Keep your subscription active
If you miss payments for more than 3 months, your subscription gets paused. You have 9 months to restart it by contacting Ledger, paying a 50 Euro fee, and catching up on what you owe.

Who is the Ledger Recover good for?

Ledger Recover is a good choice for people who want extra protection for their crypto wallet. It helps if you ever lose or forget your secret recovery phrase.

This service is helpful for:

People new to crypto who may not be used to storing their recovery phrase safely.
Anyone worried about losing access to their crypto if their Ledger device is lost, stolen, or broken.
People who want a backup stored somewhere else, in case they misplace their written copy.
Users who do not mind verifying their identity to get that backup when needed.

Ledger Recover is optional—you do not have to use it. If you do choose to subscribe, your secret phrase is split into 3 parts, locked with special codes, and stored by 3 trusted companies. You stay in control of your crypto, and your private keys are never shared online.

Will the Ledger Recover be available on all Devices?

Ledger Recover is not available on all Ledger devices. It currently works with the Ledger Nano X, Ledger Nano S Plus, Ledger Stax, and the newer Ledger Flex. These devices support the features and memory needed for Ledger Recover to function properly.

The original Ledger Nano S is no longer supported. Ledger officially discontinued it because it does not have enough memory or processing power to handle newer features like Ledger Recover. Although Nano S devices may still work for basic use, they will not receive updates or support for new apps and services.

Therefore, if you want to use Ledger Recover, you will need one of the supported devices listed above.

Do I have to use Ledger Recover?

No, you do not have to use Ledger Recover. It is a completely optional service. You must choose to sign up for it if you want to use it.

To start using Ledger Recover, you need to subscribe and create accounts with two trusted partners. You will also need to verify your identity by scanning a government-issued ID and recording a selfie. After that, Ledger will begin the process of splitting your secret recovery phrase into 3 encrypted parts. These parts are stored separately by Ledger, Coincover, and Escrowtech.

You stay in control of your crypto. The service does not store or share your private keys online. If you decide not to use Ledger Recover, you can still manage your wallet the traditional way by keeping your 24-word recovery phrase safe on your own.

Is Ledger Recover free?

Ledger Recover is not free. It is a paid subscription service that costs US$9.99 per month. To use it, you must complete an identity check by scanning a government-issued ID and recording a selfie.

If you miss a payment for more than 7 days, you will not be able to restore your private keys using the service. If your subscription is unpaid for 3 months, it will be suspended. You will then have 9 months to reactivate it by contacting Ledger Recover Support, paying a 50 Euro reactivation fee, and covering any missed payments.

This service is optional, and you can still use your Ledger wallet without it.

How does Ledger Recover Work?

Ledger Recover works by creating a secure backup of your Secret Recovery Phrase using 3 trusted companies: Ledger, Coincover, and Escrowtech.

When you sign up for the service, your Ledger device splits your 24-word recovery phrase into 3 parts. Each part is encrypted and sent through a secure connection to one of the 3 companies. These companies store the encrypted parts separately. Before this happens, you must confirm your choice on your Ledger device and complete an identity check using a government ID and a selfie.

If you ever lose your Ledger device or forget your recovery phrase, you can start the recovery process in the Ledger Live app. After you verify your identity again, the 3 companies send the encrypted parts back to your new or current Ledger device. The device puts the parts back together and gives you access to your wallet. This process happens only on your device, not on the internet.

Ledger Recover is designed to keep your private keys safe. The keys are never shared online, and only you can unlock them using your identity and Ledger device.

Who keeps your private key when you use Ledger Recover?

When you use Ledger Recover, your private key is never stored in one place or by one company. Instead, your Secret Recovery Phrase is split into 3encrypted parts. These parts are stored separately by 3 trusted companies: Ledger, Coincover, and Escrowtech.

Each company keeps only one part, and all parts are protected with strong encryption. This means no single company can see or use your full recovery phrase. The parts are only brought back together on your Ledger device after you prove your identity.

This system helps keep your private key safe while still giving you a way to recover it if you lose access to your wallet.

Is Ledger Recover Safe?

Ledger Recover is considered safe by Ledger, but it has received mixed opinions from the crypto community.

Ledger Recover uses strong encryption and a process called “sharding” to split your Secret Recovery Phrase into three parts. These parts are stored separately by Ledger, Coincover, and Escrowtech. The parts are only brought back together on your Ledger device after you prove your identity. This helps protect your private key from being stolen or misused.

Ledger devices use a Secure Element chip and special software to keep your information safe. According to Ledger, there are no backdoors in the device, and your private key is never sent over the internet.

However, some people in the crypto world have raised concerns. They believe that using identity checks and storing parts of your recovery phrase online—even in encrypted form—goes against the idea of full self-custody. They worry that it could increase the risk of hacking or privacy loss.

Ledger Recover is optional. If you prefer to keep your recovery phrase offline and private, you can still do that without using this service.

Has Ledger Recover been hacked?

As of 2025, Ledger Recover has not been hacked. There have been no confirmed reports of hackers breaking into the Ledger Recover system or stealing users’ Secret Recovery Phrases.

However, scammers have tried to trick Ledger users in other ways. In April 2025, some people received fake letters in the mail that looked like they came from Ledger. These letters told users to scan a QR code and enter their recovery phrase for a “security update.” This was a scam. Ledger confirmed that it never asks users to share their recovery phrase, and it warned everyone to ignore these fake messages.

These scams are not the same as a hack. They are phishing attacks that try to fool people into giving away their private information. Ledger Recover itself remains secure, and the company uses strong encryption and identity checks to protect users’ data.

Even if you use Ledger Recover, it is still important to stay alert and never share your recovery phrase with anyone.

Conclusion

In 2025, Ledger Recover is a secure and optional service that helps users back up their Secret Recovery Phrase. It is designed for people who want extra protection in case they lose access to their Ledger device or forget their recovery phrase.

The service uses strong encryption and identity checks to keep your information safe. It splits your recovery phrase into three parts and stores them with three trusted companies. Only you can bring the parts back together by proving your identity.

Ledger Recover is not free. It costs US$9.99 per month and requires you to keep your subscription active. If you stop paying, you may need to pay extra fees to reactivate the service.

Some people in the crypto community like the added safety and convenience. Others prefer to manage their recovery phrase on their own without using online services. In the end, it is your choice. You can use Ledger Recover if you want extra peace of mind, or you can stick with traditional self-custody methods.