The document states that Ledger holds no backup copies of the user's 24-word recovery phrase, and that loss or disclosure of the phrase may result in permanent loss of access to crypto assets or their misappropriation by any party who obtains the phrase. The user bears sole responsibility for securing the recovery phrase.
This analysis describes what Ledger's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision establishes that the user bears sole custodial responsibility for the recovery phrase, with no recovery mechanism available from Ledger. This clause is operationally significant for users of Ledger hardware wallets because loss of the recovery phrase results in irreversible loss of access to associated crypto assets according to the document.
Under this provision, the agreement establishes that Ledger retains no backup of the 24-word recovery phrase, and that loss or unauthorized disclosure of the phrase may result in permanent inability to access associated crypto assets. The agreement places full responsibility for recovery phrase security on the purchaser.
Cross-platform context
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Compare across platforms →"For security reasons, Ledger does not hold any backup copies of your 24 words; You may no longer be able to access your crypto assets – permanently; You run the risk that anyone (in possession of your 24 words) will be able to access your crypto assets in order to misappropriate them and associate them with their own private key.Excerpt from Ledger's Terms of Sale
(1) REGULATORY LANDSCAPE: This provision may engage financial consumer protection frameworks in jurisdictions where crypto asset custody services are regulated, including potential oversight by financial regulators in the EU under MiCA (Markets in Crypto-Assets Regulation), …
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This provision establishes that the user bears sole custodial responsibility for the recovery phrase, with no recovery mechanism available from Ledger. This clause is operationally significant for users of Ledger hardware wallets because loss of the recovery phrase results in irreversible loss of access to associated crypto assets according to the document.
Under this provision, the agreement establishes that Ledger retains no backup of the 24-word recovery phrase, and that loss or unauthorized disclosure of the phrase may result in permanent inability to access associated crypto assets. The agreement places full responsibility for recovery phrase security on the purchaser.
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