Is it safe to move ADA coins from one Ledger device to another while staking?
Is it safe to move ADA coins from one Ledger device to another while staking?
I currently have a small bag of ADA that I’m staking via a Nano X that is paired with Daedalus. I recently became aware that the paper sheet where I kept my 24 seed phrase has gone missing. At this point, I have no idea if I or someone in my household threw it away mistakenly. I’m not gonna wait around to find out, so I’ve ordered a new Nano S+, which I’ve already set up with LedgerLive and have successfully moved other coins I had in the Nano X over to the Nano S+. I know that in Cardano we dont give up custody when we stake, so in theory I should be able to move my coins without any issues. However, before moving forward, I wanted to post the question to the community just in case I’ve missed anything. Thanks in advance.
You didn’t have to order a new Ledger. You could just send your ADA to a hot wallet, reset your Ledger to get a new seed phrase, and send them back to the Ledger. Your Ledger can be reset and generate as many new seed phrases as you wish.
Nano X is better as main because you don’t need to plug it into a device physically
Thanks. I knew this, but I was already thinking of ordering a back up Ledger and this incident just made me do it.