How does a nano ledger store your bitcoin?
It doesn’t.
Your coin is never stored anywhere but on the chain (the coin is just an entry in the chain).
The wallet stores your private key, which is used to prove YOUR ownership of the coin on the chain.
What happens if you lose your nano ledger?
Purchase a new nano ledger and input the wallet recovery phrase that was shipped with the first one in order to re-create the same key on the new device.
Anuj holds professional certifications in Google Cloud, AWS as well as certifications in Docker and App Performance Tools such as New Relic. He specializes in Cloud Security, Data Encryption and Container Technologies.
Anuj Varma – who has written 1216 posts on Anuj Varma, Hands-On Technology Architect, Clean Air Activist.
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