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Hey – we’d be happy to help.
> Does that mean that I’ll have to transfer all my cryptos to the new set of hidden accounts?
Yes, that is correct indeed. When you add a passphrase to your Ledger device, it creates a new set of accounts that are distinct from your existing accounts. If you want to protect your cryptocurrencies with the passphrase, you would need to transfer them to the new set of accounts associated with the passphrase.
What does that mean for staked cryptos like Dot? Do I have to unbond my Dot from the selected validators then transfer it to the new set of hidden account and rebond it or am I getting wrong something.
> For assets staked with recovery phrase account, will need to be unstaked > transferred to the new address > restake again.
Let us know if you’ve more questions.