Replying to Avatar TerrestrialOrigin

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
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TS 8mo ago 💬 1

Yes you can, but you have to be sure that you save your seed phrase and know the derivation path. You also have to remember what script type your wallet is using.

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TerrestrialOrigin 8mo ago 💬 2

Ok, so you need 3 things then:

1) seed

2) derivation path

3) script type

Do all wallets list 2 and 3 in their documentation?

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TS 8mo ago

I use sparrow wallet mainly. Not sure about others like a trezor or ledger but theoretically you could find it in the settings or a similar menu. For example, in Sparrow wallet on desktop, the wallet has a settings tab which shows all three.

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TerrestrialOrigin 8mo ago

Ok, thanks!