Hi all. I have a few questions about the import feature in Sparrow Wallet.
1. I had been storing all of my BTC in Trust Wallet and wanted to switch over to Sparrow Wallet. Most of the tutorials I viewed stated File > New Wallet > New or Imported Software Wallet > entering the seed words, creating Keystore, etc. But out of curiosity I instead selected File > Import Wallet > key words > Discover Wallet, and successfully imported the BTC. My question is, Do these two operations achieve the same result? Should I have done it this way or the other way?
Doesn't matter what way you choose if the final result (i.e. addresses) are correct.
2. Apropos of #1 above, after I imported the wallet to Sparrow, I then checked Trust Wallet and it's still showing the same about as before. Does the BTC now live in two wallets? If I wanted to empty Trust Wallet, would I have had to create a new wallet in Sparrow first and then use the send or receive feature?
Any wallet is just a tool to manage your UTXOs stored by blockchain. Thus you may use any number of wallets (with same set of private-public key pairs) to manage your UTXOs.
You have to create new wallet ( with different set of private-public key pairs) and send UTXOs to addresses relevant to this wallet if you wanna prevent your old Trust wallet from managing your stash.
3. Apropos of #2 above, Is my Trust Wallet seed phrase secure enough (since it was created while online), or should I redo it by creating a new wallet in Sparrow Wallet app offline and then sending the BTC from Trust Wallet to Sparrow Wallet?
Thanks in advance!
I would advocate new SEED (generated by Sparrow offline).