I know this tool. I used it to recover funds in electrum from Multibit seed. But i meant this:
- I have Bitcoin, golem, ETH, DOGE coins on Coinomi for example.
- I have 1 seed for all of them in Coinomi.
- The project goes down.
- I remember the seed so now i'm searching e.g for Golem and Dogecoin wallets available on PC and for each of this wallets i can "convert" this ONE seed from coinomi to recover funds in each one of these wallets?
someone may correct me if i'm wrong:
you don't need to "recover funds" in any PC-wallets. you own coins if you know the private key(s).
with your seed (and some crypto-magic) you can recover all your addresses and the corresponding public and private keys for each coin coinomi supports.
with the private keys written down (paperwallet), you can delete the app. that's all you need for spending the coins.
the "crypto-magic" can be found inside the source-code of the app and the recovery-tool, too. print out the source code and you can re-code your own version of the tool, 20 years after the zombie-attack.
I know i don't need to "recover funds" in any wallet. It was just a term that i thought will be easier to explain what i mean. I just wanted to hear clear answer - Yes, with this seed from Coinomi you can "recover" your funds at anytime, anywhere, no matter how much different coins you have there.
I don't need to know what tools i need to use to "recover" them now, cuz i have a seed and when i will lose my devices for some reasons then i will be interested in it. Just needed an assurance that having that ONE seed (instead of having one seed from one wallet for one coin) will guarantee me that my funds will never be lost and i will be able to "recover" them when i want.
Your answer is what i wanted to hear but in different words, I hope...
:D
Thanks