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Author Topic: Legacy Wallet on Android app?  (Read 577 times)
nc50lc
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July 31, 2021, 07:06:56 AM
 #61

Any thoughts on generating a BIP39 mnemonic sentence with for example the Ian Coleman tool (in the offline laptop ofcourse)? So if in the future I want to use another wallet I could just import that phrase? Or I should just stick with the "Electrum mnemonic sentence" and the Electrum wallet? And in the future if I want to change wallet I would just transfer all the funds I guess.
In the developers' notes, Electrum's seed is better than BIP39's (reference: electrum.readthedocs.io/en/latest/seedphrase)

The only disadvantage is you wont be able to restore the seed phrase to other wallets that doesn't support Electrum seed.
That's a minor issue since you can always export the private keys of the addresses with balance
or the master private key (through the console, most wallets can import this) if needed.

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o_e_l_e_o
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July 31, 2021, 08:39:15 AM
 #62

Is it a good idea to add an extra word to the seedphrase? Like a really easy word that I won't forget, so someone that came across my seed (and knows what those words are) wouldn't be able to just open his phone and steal my funds right away.
It is a good idea to add an extra word, phrase, or string for additional security, but I wouldn't make it a "really easy word". If someone performs a simply dictionary attack, then they could brute force it in a matter of seconds. At the very least I would choose a few words, and add some additional numbers or symbols to increase the entropy. As with all passwords, ideally you would want to use a completely random string, something along the lines of ["N8&#L9@~.c+\yp, but I also realize most people don't do that. Backing it up on paper separately from your seed phrase is a must.
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