Im currently using Ledger Nano S and when I got it I didn’t really understand how all of this works and I’m still not 100% sure so I’m asking here:

So apparently with ledger recover it is possible that a software extracts my private key from the device. Doesn’t that mean it’s possible when my PC is hacked a different malicious software could also somehow get to my private key? If not, why is it different?

Also since ledger is closed source, does that mean we have to trust them that there isn’t already a software like that secretly pre-installed on our device?

I know ledger is a bit controversial here but is it actually worth getting a new hardware wallet?

I would like to hear that I’m wrong and I can keep my ledger, a new hardware wallet isn’t cheap and it was a pain in the ass to memorize my 24 words by heart…

submitted by /u/KillaZami237
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