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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

PK ⚡️ 8mo ago 💬 1

Yes. Depending on how all in you are (or are not, because you enjoy boating but are terrible at it and have had many accidents where any seed phrase you may have had almost assuredly got lost) it may make sense to buy a couple cold wallets from different manufacturers.

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Discussion

TerrestrialOrigin 8mo ago 💬 2

And load them eith the same seed phrase so they are backup coppies? Or do you meam split the sats between them?

PK ⚡️ 8mo ago

Many options:

- Same seed phrase - more physical things to track per phrase, more redundancy

- Split - some safety, no redundancy, more complex setup

- Multisig - 2-of-3 with at least 2 hardware vendors, more safety, more redundancy, more complex setup

TerrestrialOrigin 8mo ago

Cool beans. Thanks!