What Happens To My Bitcoin or Ethereum If Ledger/Trezor Goes Out of Business??
In this video we’ll discuss what happens to your Bitcoin or Ethereum if Ledger or Trezor goes out of business.
First, it’s important to understand that your cryptocurrency is stored on the blockchain, which is a distributed public ledger. This means that your cryptocurrency is stored on thousands of computers all over the world. So even if Ledger or Trezor were to go out of business, your cryptocurrency would still be safe.
However, if Ledger or Trezor were to go out of business, you would no longer be able to access your cryptocurrency with their services. You would need to use a different wallet to access your cryptocurrency.
Fortunately, there are many other wallets available, so you should have no problem finding one that works for you.
It’s also important to note that if Ledger or Trezor were to go out of business, you would still need to keep your private keys safe and secure. If you don’t, then you could lose access to your cryptocurrency.
In summary, if Ledger or Trezor were to go out of business, your cryptocurrency would still be safe. However, you would need to find another wallet to access your cryptocurrency and ensure that you keep your private keys safe and secure.
