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RE: Does the Ledger Nano S hold Ethereum tokens?
How do you 'backup' your ledger nano s?
I have already recorded all the recovery phrases, but does the wallet backup automatically, or is this a manual process that I need to do, and if so then how?
The recovery phrases is all you need to restore the contents of your Ledger Nano S. Keep them safe, they can be used to recreate your seeds from other device/app. So if your Ledger Nano S is lost or broken, you can use that recovery phrase to "restore" your private keys to another app that supports it.