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Alain 2y ago

noob #plebchain #bitcoin q: moving coins from hot software to cold hardware...

Do I import hot wallet passphrase in cold hardware, or send/receive from hot to cold (end goal being to have coins stored only on cold, hardware wallet)? Any insight appreciated.

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paulo 2y ago

Generate a seed phrase on the hardware wallet and send from the hot wallet to your hardware wallet.

You have to assume that your hot wallet is compromised at any given time since it is on a device connected to the internet.

e2
bitboy 2y ago

I would definitely recommend sending. A hot wallet key should be considered compromised. :)

Careful to send a first small amount just on the safe side 😉