Bitcoin Forum

Hello All,
Please confirm something with me.

1) As long as you have your original 24 word seeds written down, if you lose, break your Trezor, you can order another one and input those seeds into it to recover your coins?
This is what I believe to be true.. but someone was telling me that if you lose/damage your Trezor cold wallet, you lose all your coins.

2) I ordered a Trezor Model T and I want to transfer all my coins from the Trezor One to the Model T. Can I just install my old seeds onto this new wallet?
I emailed Trezor over a week ago asking this question but I haven't heard anything back.
Basically I want to transfer from my old wallet to a newer wallet.

Thanks everyone!

You can recover using your 24 words seed. The private keys of the addresses that you use in Trezor are all generated from that seed. You'll be able to recover all your addresses if you ever break it using a BIP39 compatible wallet with the appropriate derivation path or just another Trezor.
That is possible. https://wiki.trezor.io/User_manual:Recovery__TT#Important_remarks_before_you_start

Remember that your coins are not stored in the hardware wallet itself so that if your wallet is gone, destroyed, stolen, confiscated, and so on, your coins are also gone. No, it does not work that way. Your coins are all stored in the blockchain. Your hardware wallet only stores the private keys, which give you access to your coins. Your 24-word seed is all that matters. It holds everything.

Yes, as what already stated above, but in case that it will take time for you to buy a new device, you can import that 24 seed words to electrum (https://electrum.org/#download), note that it's only for emergency situations.

Yes you can. Because the 24 word seed is a back up in the first place.

Just to note though, have you only written down the 24 words on a piece of paper and NOT store them on a txt file, an email, or anywhere digital? If so, you definitely want to generate a new wallet for security purposes.

As above, you can import your 24 word seed phrase in to any BIP39 compatible wallet and recover your coins, provided you have not set an additional passphrase (or multiple passphrases) on your Trezor. The guide on how to do this is available here: https://wiki.trezor.io/Passphrase. If you have set up one or more wallets which are using an additional passphrase, then you need both your seed phrase and the additional passphrase(s) to recover any coins stored within these wallet(s). The seed phrase on its own only gives you access to the base wallet.

You can, if you are certain that your seed phrase remains secure and uncompromised. Have you ever restored it to any other wallet before? Have you ever stored it anywhere digitally? Is there any possibility anyone else could have seen it or accessed it? If you are in any doubt, then its safe to create a new seed phrase on your new Trezor T and send your coins across.

Your seed words are more important that your Trezor hardware wallet device, that can be damaged, destroyed, lost or stolen but you can always restore your funds in you keep backup phrase in safe place.
In theory it is possible that you can lose your coins if you don't use 25th word passphrase, than someone steals your wallet, hack it and extract your seed words.

If you kept your old seed words safe and never exposed to internet than you can simply import seed words into your new Trezor model T device and don't waste any coins on transaction fees.
You can use both wallets, or you can reset your old Trezor One wallet and use it as totally new device.

There have been great answers before me so there's not much I can add that hasn't been said before me (regarding your query). I would just like to let you know that your Model T / Model One hardware device (as dkbit98 said) doesn't actually hold any kind of coins - most people choose using hardware wallets because all the seed words are generated in an external and safe environment ("inside" your Model T / Model one device). By using such device you ensure that no one is going to know what are your private keys because they were all "conceived" in an external device that isn't connected to the internet.

Since these devices only allow you to "unlock" your balance on the blockchain - by using your private keys - you can easily recover access to your coins in the blockchain provided that you still have the seed words that were used in the process of setting up your device. Always make sure that you access the real website of Trezor in order to manage your assets - https://wallet.trezor.io - They will NEVER ask you to enter your seed words, so please be very careful where you put them / store them.

Let's say your first hardware device is a either of the Trezor models.  Can you use your seed words on another company's hardware device??

Thanks

Provided that company implements the BIP39 standard for seed phrases, then yes. Most major wallets (both hardware and software) do this. Certainly the major ones such as Ledger and Trezor have no issue importing seed phrases generated on each other, and in an emergency you can recover your hardware wallet seed phrase to a software wallet such as Electrum (although doing so compromises the security of your coins, so as I said, should only be done in an emergency).

I don't like using web wallets, so I would suggest downloading open source Trezor Suite wallet software or even better use Electrum wallet and use it with your Trezor device.

You can import the same seed words in most of the other hardware wallets (coldcard and ledger for example) because they are all supporting BIP39 format.
They can be imported also in software wallets like Electrum but I would recommend this only if you are using offline airgapped computer.

Short answer : Yes . You can import seeds between wallets that support BIP39 format. Please see a list of those wallets in the following website - https://coinguides.org/bip39-wallets/

I would never recommend doing this especially if your hw have been lost or stolen.
The safest thing to do is to import your seed into a temporary wallet that supports bip39 seeds then immediately send your coins to your new hardware wallet.

According to this article https://www.ledger.com/our-shared-security-responsibly-disclosing-competitor-vulnerabil an advanced attacker with physical access to your Trezor wallet (depending on which firmware it uses) can perform a side-chain attack and guess your PIN.

Thank you all!
So as long as your wallet is a Bit39, you can use your 24 seed word to get your coins off of the blockchain.
I "think" I'm starting to get it... slowly like a caveman, hahahaha

When I get my new Trezor Model T, I might be asking a few more questions.

Thanks!

I agree.  I tried to give out some merits but I don't have any.

The thing with the seed words, in my mind, is not to get too crazy with trying to hide them from others.  There are people who lost them, forgot where they put them or died without telling anyone where they are.

*BIP39. It stands for Bitcoin Improvement Proposal. You can read the full protocol here: https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki

Well, kind of. You will always be able to use your seed phrase to recover your private keys, which will allow you to spend/transfer/move your coins, but you never take your coins "off" the blockchain. All coins are always on the blockchain; the only thing you have in your hardware wallet is the private keys which correspond to those coins.

1. What important things is Trezor T generated 12 mnemonic seed only, which is different from Trezor one generate 24 seed.
2. You can directly enter the passphrase in Trezor one device with a touchscreen.
https://wiki.trezor.io/Recovery_seed

Thank you for this info.. so the Trezor Model T is a 12 word seed.. but looking at that link you provided, it can be a 24 word.

Trezor T creates 12 word seed phrases by default, while the Trezor One creates 24 word seed phrases by default. However, by using the command line interface you can generate a 12 or 24 word seed phrase (or a 18 word seed phrase) with either device. You can also restore seed phrases of 12, 18, or 24 words to both devices, so your plan of restoring your 24 word seed phrase from your Trezor One to your new Trezor T is entirely possible.

oeleo gave your correct info.  BUT:

** This info below has been mentioned well above in this thread but the OP still seems to be asking questions making me think he has missed this point:

I wanted to add something just as a precaution for you, not knowing how you have handled the 24 word SEED from your Trezor ONE.  The key to secure SEED is that it is never entered on any computer that is/has been online.  In other words "assume" the computer you connect any Trezor to is infected (its a safe way to paradigm).  When you setup the Trezor 1 you would have written the SEED down on a piece of paper and NOT placed on a computer (hopefully).  During setup the T1 would cycle through the SEED words on the device screen and you would write them down.  Good if that is how you did it!  Now over time IF you ever restored that Trezor ONE, meaning you had to enter the SEED on the device again, it would ONLY have been possible using a screen on your computer/Android.  That could be VERY bad if the computer used is an online machine either currently or in the past.  Your new Trezor T can be easily restored by entering the SEED words ONLY on the device screen itself leaving the computer out of the process, which protects the security of the SEED (it NEVER sees a computer during the process).  This is especially easy using trezorctl, in fact SIMPLE.

I typed the above to say that IF you ever exposed your SEED to a computer that is NOT AirGap, installed using offline Tails, or a similar RAM based method it might be wise to consider a NEW SEED setup.  Creating new SEED on a Trezor T is fast and secure.  Of course this means you would have to transfer the coins from the old wallet to the new one.  If you are using bc1 address format its not that costly to be sure your SEED has never been seen on any computer.  Easy for me to say/type because I have been at this for 10 years now, LOL!

Since you are using a Trezor device that has an unfixable seed extraction vulnerability that was mentioned in the previous posts, I would suggest you consider extending your seed with a passphrase for extra protection. Alternatively, you can also activate SD protection in Trezor T that allows you to save a secret code on a microSD card. That card would then be required every time you unlock your device to gain access to it.     

Thank you for this info!
I'm sure it's easier than I think it is.. I'm just afraid of doing something wrong and losing my coins ( I know I know.. their not on the wallet, hahaha )

Thank you Coin Keeper!
When I originally set up my Trezor One, I had my laptop offline. I wrote down the seeds on a sheet of paper that was provided, so my seeds have never been on my computer or online. I did do it the way you have mentioned.. so that is good news!

Now if I understand this correctly, If I can use the same 24 word seeds on my new Model T, then there won't be a fee for moving my coins over from the old Model One to the new Model T?
If that is correct, then I just need to follow the instructions when I get my new Model T and transfer my current 24 word seeds to it.

If I can't safely figure that out, then my new Model T has a 12 word seed. If I just go with that, then there would be a fee for transferring from my old Model One to the new Model T?

Sorry again for having to keep figuring this out.. I'm just nervous about all this and afraid of losing coins somehow.
I can't find any videos on YouTube that show how to do what I'm talking about.

Correct.


Yes, you would have to pay a transaction fee.


Hardly anything can go wrong. As long as you keep your Trezor One untouched, you will still have access to your coins.

You are correct that there will be no fee, but the reason there is no fee is because your coins don't move.

As we said above, your coins are not stored on your hardware wallet. Your coins are on the blockchain and never leave the blockchain. What your hardware wallet stores is the private keys which let you access these coins. Your seed phrase is used to generate these private keys. By importing your seed phrase to another hardware wallet, you are duplicating your private keys across both devices, so both devices can access your coins, which haven't moved.

In this case there would be a fee. By generating a new seed phrase you are generating a new set of private keys. If you want to transfer your coins from the addresses linked to your old private keys to an address linked with your new private keys, then you need to make a transaction to move the coins. Note that the coins only move from one location on the blockchain to a different location on the blockchain. Again, the only thing on your hardware wallets are the private keys allowing you to access those coins.

Thanks again you guys!
Feeling better about this now and understanding it.

One last question..
Since I don't have my new Model T yet, I was watching some YT videos. I bought the Model T so I can see/access my Cardano on it.
Do I need to go through a 3rd party website to actually do that?
Daedalus, Yoroi, and Adalite?

Trezor Suite is not supporting cardano so you will have to connect your device with AdaLite or Yoroi wallets, (Daedalus is not supported) and I think that same support is for ledger wallet also.
You don't need to use any 3rd party websites, just download wallets and connect them with your Trezor hardware wallet.

dkbit98 has answered this question correctly, you will need AdaLite or Yoroi wallet. For more help, you can use this link, Cardano (ADA) - Trezor Wiki (https://wiki.trezor.io/Cardano_(ADA)) to know the procedure of how you can use AdaLite which can also be helpful while connecting Trezor with Yoroi.

Thank you again!
Bummer why these companies can't get it all compatible..
Trezor One doesn't support ADA
Model T supports ADA, but Trezor Suite doesn't.
Gotta get another site just to see my ADA..
DUMB!

on wallet.trezor.io you will find Cardano on the list, just click it, you will direct to an external wallet; https://adalite.io/
choose hardware wallet and unlock with Trezor.

https://i.postimg.cc/BZTGPMX4/12222.jpg

Just be careful if you manually write the URL, there is much phishing similar like adalite.io domain,

Your expectations and reality are two completely different things, because no hardware wallet supports all possible coins/tokens through its interface - they all use third-party wallets for 99% of all coins. I guess it’s about the technical possibilities to make something like that, because every unique coin requires its own blockchain, which requires even more infrastructure and complicates things.

What is positive and only important is the fact that the hardware wallet gives us the ability to store our private keys in a secure environment - and for some other things we have to invest a little more time. If you want to deal with altcoins, be prepared for some compromises.

Thanks Gang!