bostonwine on Nostr: Absolutely generate a new seed phrase! This is the primary difference between a ...
Absolutely generate a new seed phrase!
This is the primary difference between a software (hot) wallet and a hardware (cold) wallet.
The seed phrase in your hardware wallet is generated on a device that has never and should never touch the internet.
The seed phrase in your software wallet is “hot” meaning it can and has been on an internet-connected device. Hot wallets are inherently less secure for this reason.
Hope this helps 🫡
This is the primary difference between a software (hot) wallet and a hardware (cold) wallet.
The seed phrase in your hardware wallet is generated on a device that has never and should never touch the internet.
The seed phrase in your software wallet is “hot” meaning it can and has been on an internet-connected device. Hot wallets are inherently less secure for this reason.
Hope this helps 🫡
quoting note1gys…2ufnHardware wallet question. Upon receiving a new hardware wallet, should one create a new seed phrase and transfer software wallet funds to it or should one simply recover the software wallet funds on the hardware wallet with the same seed phrase? #bitcoin #wallet #plebchain