Hello,
I've read a lot about the passphrase. I think I understood globally that from the seed, you can create different wallets. If you add a passphrase, it becomes a new wallet.
My first question is: if I have a wallet and I have the possibility to add a passphrase, do I create a new wallet or is it the same wallet with a passphrase added? (I don't know if this is too clear, probably because this step is not too clear in my mind either).
Second question: if you have a wallet to do DCA and leave it to your kids, is it better to add a passphrase or not?
Thank you.
No it won't be the same wallet because adding a passphrase will generate a new Master private key, and all keys derived from it won't be the same anymore thus.
For your second question, I would say yes, it's a very good idea, because if you want to bequeath a wallet as a legacy to them after your death, it's easy to leave the passphrase in your will at a notary, a family member, or into a scheduled mail and the seed in a place available to them at home. It would allow you to change your seed whenever you want without having to change your will, because you would be able to use the same passphrase for the new wallet. And it's safe because no one can guess a seed from its passphrase.
