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Say I misplaced my {hardware} chilly storage wallet- can I theoretically enter the 24 seed phrases in a non-custodial on-line pockets app (like Bluewallet, and many others) and have entry to my funds?

I do know this isn’t advisable to do since now there’s an internet report of the 24 phrase seed phrase however I’m simply determining all eventualities.

12 thoughts on “Say I misplaced my {hardware} chilly storage wallet- can I theoretically enter the 24 seed phrases in a non-custodial on-line pockets app (like Bluewallet, and many others) and have entry to my funds?”

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  2. Yes but it should only be a last resort, because doing so breaks the security model of having the seed remain offline. You should immediately consider that seed compromised and no longer consider the funds in cold storage.

    The danger is that you might be using a fake version of the app, or you might have a keylogger or other malicious software on your phone/computer that captures the seed and steals your funds. Or that the seed remains in your computer/phone storage and some future malicious software or person accesses it.

    The better option is to get another hardware wallet and enter the seed into that. Or to have a second backup hardware wallet already.

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  3. It is possible to input your 24 seed words into a non-custodial online wallet app and regain access to your funds. However, this is not advisable because by doing so, you are creating an online record of your seed words, which puts your funds at risk of being stolen. If someone were to gain access to your seed words, they could potentially steal your funds. Additionally, using an online wallet means that you are no longer in control of your private keys, which defeats the purpose of using a hardware wallet in the first place. It is much safer to keep your seed words in a secure, offline location, such as a physical paper wallet or a new hardware wallet.

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  4. There will *not* be an online record of the seed phrase, as BlueWallet will convert it to a private key, and store that locally. It won’t report or store your seed phrase. But it is still undesirable to do due to the small risk of phone malware. For any considerable amount of bitcoin, it’s best to keep the seed and key off any internet connectable device. Far better to buy a new hardware wallet and recover it there. (It doesn’t even need to be the same brand).

    If you’re running through opsec scenarios, strongly consider using a strong passphrase wallet and store the passphrase separately from your seed.

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  5. The BIP39 system of recovery mnemonics does not guarantee that a recovery mnemonic (seed words) is portable from one wallet device or app to another

    The BIP32 system of hierarchical deterministic wallets does not guarantee that a seed is portable from one wallet device or app to another

    Sometimes the recovery mnemonic is portable
    Sometimes not
    https://walletsrecovery.org/

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  6. yes.

    Typically what you want to do is sweep the funds to a new cold storage wallet as soon as possible. This will fix the security hole you created by typing your seed words into a hot wallet. Removing the words from the hot wallet does not improve security, only moving the wallets to a new uncompromised wallet does.

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