GoneGone on Nostr: INTERESTED IN ADVICE: #bitcoin #plebchain When I set up my initial wallet, I used ...
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?
#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?