Hi folks,
quick question or two about seed phrases...because I'm only about a week into this fabulous world of bitcoin and know jack sh*t so far, LOL.
So far I can't figure out if a seed phrase is connected directly to my bitcoin (somehow) or to a particular wallet?
For example, if I had 3 soft wallets and a hardware wallet, would they all have independent seed phrases?
If I had the copay wallet and emptied and deleted it, it would then be ok to throw away the copay seed phrase for that wallet?
Point being, I'm getting a Trezor today and want to make sure I do it right, which I THINK is to generate a whole new seed phrase that is specific to the Trezor and the bitcoin on the Trezor only, correct?
The plan at the moment is to have a coinbase wallet for depositing fiat, transfer that to GDAX to buy bitcoin to save on fees, transfer from there to Trezor. Also, keep a Copay app although I imagine I will never use it. Does that seem like a reasonable plan?
If at all possible, please talk to me like I'm a 6 year old. Thank you!