What will happen to my bitcoin if my Ledger or any bitcoin hardware wallet will damaged? I want to buy a hardware wallet for storing bitcoin because it is safe than an online wallet but at the same time, I am thinking that what will happen to my stored bitcoin if my hardware wallet damaged. Can I recover my bitcoin?
Assuming the Ledger Nano S implements BIP 39, your hardware wallet probably showed you a 12/24/36 word Mnemonic code. If you wrote these mnemonic code words down, then you can restore your corrupted hardware wallet with just these words. Also, you can use these words to restore any wallet that supports BIP 39. This includes many mobile phone wallets and other hardware wallets. If you did not write these code words down, then you are probably out of luck for recovering your wallet keys.