Nostr Web Client

INTERESTED IN ADVICE:

#bitcoin #plebchain

When I set up my initial wallet, I used Electrum to generate the seed. I orange pilled a friend and helped her set up a wallet (with seed from Electrum) and tried to import her new (Electrum) seed into Trezor.

It didn’t work and I have since learned that Electrum uses a slightly different BIP protocol other than BIP-39. You can import it into another wallet, maybe because those wallets are programmed that way. But maybe hardware wallets (Trezor at least) won’t work with it.

QUESTION: I’m wondering if it makes sense to get a regular BIP-39 seed and transfer to new wallet. I don’t like this idea and I’d rather not. But I’m wondering if it’s dangerous, could I get stuck somehow in the future not being able to access my wallet without Electrum? Seems like a potential serious vulnerability.

THOUGHTS?

Reply to this note

Please Login to reply.

Discussion

Glenn ∞/21m 1y ago

Generate a new seed using the hardware wallet. Do not take a photo or store it digitally in any way. Put on metal plates or on paper or some other analog format. Not digital!

Before you transfer funds add a BIP39 pass phrase to the device. This should be something memorable. Then transfer funds to new cold storage device.

The digital attack vectors are huge vs a metal plate with a padlock on it buried in garden or whatever.

Key point each of us only know a few hundred people in person but online we are connected to millions.