Nostr Web Client

1 and 2 are correct.

3 I don’t think so, unless I’m misreading you. Every wallet + x passphrase is a completely new wallet that needs to be imported.

So if you have one hardware wallet, you will need to “restore” a seed to get access to any other wallet you have, with or without a passphrase.

JP 1y ago

So basically, if the HWW gets destroyed, you have to buy a new one? Or can you get around with the seed + passphrase in a software wallet?

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Discussion

TKay 1y ago

You can of course restore it in a software wallet. But entering wallets generated by a hardware wallet into a software wallet immediately lowers their status from cold storage to hot storage.

If you have a watch only wallet, and you lose your HWW (your signing device) you won’t be able to send bitcoin.

Unless, you either get a new HWW and restore your seed or input the seed into the software wallet and make it Hot - Which is absolutely not recommended if it has a lot of bitcoin.

JP 1y ago

Yeah, as a temp measure I meant.

Passphrase is definitely a great security feature.

boston wine 1y ago

You’d need a new device (or import the seed from backup to your hot wallet — but don’t do that) in order to sign a transaction