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Author Topic: Are my coins too safe?  (Read 248 times)
yhiaali3
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December 19, 2022, 06:47:16 PM
 #21

To avoid any confusion, are you talking about the PIN code that unlocks the physical device or the password to the Trezor Suite software?
Thank you for the clarification, yes I meant the Trezor PIN code that we need when we want to connect the wallet.

If you forget your Trezor PIN code, you can reset the device to factory settings, import your seed, and set up a new PIN. The seed + any connected passphrases are essential. Nothing else is.
Yes, your words are correct in the long run, meaning in the end he only need the SEED or the private key, because in case we forget the PIN or any other problem occurs, he can do a factory reset of the hard wallet and restore everything via the SEED as you mentioned.
Also, he can recover any coin using its private key using any other wallet in the event that the hard wallet, for example, is damaged, lost or stolen.

But what I meant is that he needs to save the Trezor PIN code for daily transactions, because when he wants to connect the wallet to any site, he needs to enter the password. The PIN is necessary for every wallet connection, so he must remember it always. This is what I meant.

Pmalek
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December 19, 2022, 07:58:25 PM
Merited by yhiaali3 (1)
 #22

Also, he can recover any coin using its private key using any other wallet in the event that the hard wallet, for example, is damaged, lost or stolen.
I don't have a Trezor hardware wallet, but if they are anything like Ledger, a user shouldn't even be able to see their private keys on the device or the native app. If you want to work with a specific private key, you would have to import your seed into the Ian Coleman BIP-39 site and get the data from there. But this is not recommended and significantly lowers the security of your seed.

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Lillominato89
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December 28, 2022, 08:31:27 AM
 #23

Will I mess up and lock myself out of my wallet eventually?

This is what I did:

 - Bought Trezor hardware device.
 - Wrote down 24 word recovery seed on paper.
 - Made a wallet with Electrum.

Is the 24 word recovery seed all I need to store securely? Or do I need the wallet file as well? And do I also need to save my receiving addresses?
I generate a new BTC address every time I send BTC to my wallet, do I have to securely store the address each and every time I receive BTC?


If anyone could clarify this I would appreciate it:)




nothing to worry about, to err is human, but the human learns from his mistakes. Keep your seed phrases or private key safe so they are not lost or accidentally thrown away. Your funds will be stored on the private key present inside your Trezor, Electrum is just a client where you can manage your bitcoins or shitcoins

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