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Guys I got a stupid question about #bitcoin. Let's say I get a cold wallet, put some sats in there and save the seed phrase. Then a few years down the line the hardware breaks and they don't manufacture that wallet anymore and I can't get a new one. Can I take that seed phrase and restore my funds on ANY other wallet? Even a software one like an app? Or does it have to be the same kind of wallet?

I'm guessing yes, 'cauause bitcoin lives on the bockchain and not in a wallet, but I wanna make sure so I don't risk my money.

#asknostr

Nostr Dev Team 8mo ago 💬 2

Yes

You can argue some edge cases and things to be wary of, but yes. A properly generated bip-39 based seed (12/24 words) will be recoverable on any decent wallet.

Don't trust though - verify for yourself!

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Discussion

TerrestrialOrigin 8mo ago 💬 1

Can you have two wallets hooked up to the se seed phrase? 'Cause I'm thinking to verify: put some sats on the wallet you're gonna use and then use another wallet (like an app-based one) to "restore" and see if the same number of sats show up. That would mean there are two identical wallets.

Should I also try making a few transactions on the test wallet? Like send some sats to a 3rd wallet to make sure it all works, or is that not necessary?

Nostr Dev Team 8mo ago

Yes, this would / should work fine, no issues

If it works in 2 (different) wallets there's no need to try a third

TerrestrialOrigin 8mo ago

Thanks!