It's important to remember: your funds are stored on the blockchain, not on the device itself. The hardware wallet only provides access to them through private keys. To be prepared for any situation, make a backup in advance. 🔐
🔑 How to make a backup of the wallet?

1. Write down the seed phrase:

More and more often you can hear phrases like: “only non-custodial wallets,” but what does this mean and what kind of wallets are there? Let's delve deeper into this topic and understand what benefits different types of wallets offer.

👛 Main types of wallets:

🔑 Custodial - your key is under the control of the service. Forgot your password? No problem, it can be restored. However, if the service is attacked, it will be impossible to return funds.