I managed to buy my first Trezor Safe 3, until now I had a Ledger Nano S
But I've already noticed that it's different from my Ledger
I did the initial configuration, installed the firmware, wrote down the 20 words and everything was fine
But now here are my questions:
Is it possible to generate BIP39 seeds with the Trezor?
My thought is to have one address with a few satoshis and another with my main wallet
Yes, it's possible to protect/extend your recovery phrase with a passphrase. Note that you've configured a SLIP-39 wallet (Shamir Backup), so you will be accessing a different wallet than a BIP39 wallet, but both protocols support passphrases.
It's important to note that you're using a different standard than BIP39. SLIP-39 (which you are using) isn't compatible with most hardware and software wallets. Below I'll list some wallets that support Shamir Backup (Slip-39):
Hardware wallets other than Trezor that support SLIP-39:
- Keystone 3 Pro
- Passport Prime (not yet released).
Software wallets:
- BlueWallet (import Only)
- Electrum (import Only)
- Sparrow (Import Only)
Sources:
Hardware wallet supports:
https://thebitcoinhole.com/hardware-walletsSoftware wallets supports:
https://thebitcoinhole.com/software-walletsIn other words, you can only recover SLIP-39 wallets in the software wallets mentioned, you can only create wallets in the SLIP-39 standard in hardware wallets that support this feature. This means that if you are thinking of importing the same SLIP-39 backup in hardware wallets such as Ledger, Jade, etc., it'll not be possible, as they aren't compatible with SLIP-39 Shamir backup, you can only use SLIP-39 + Passphrase (hidden wallet) through Trezor or other compatible hardware wallets.
SLIP-39 is not backwards compatible with BIP39, in other words, there is no way to convert a SLIP-39 wallet format to BIP39 or vice versa so that both protocols access the same addresses. So this is a decision that should be carefully considered,
BIP39 has greater support and is the standard, but SLIP-39 is gaining more and more acceptance, but I don't believe it will become the standard.
Another important detail that may be interesting for you to make backups strategically is that you can generate a single SLIP-39 backup, and later, you can upgrade to Multi-share Backup (e.g.: 2 of 3). The single-share-backup will remain valid, you can either save it in an ultra-secure location or delete this backup (as long as you have configured it for Multi-share backup), which Trezor itself recommends, but I think it's unnecessary to delete the single backup, since there is a remote chance that you will lose your necessary shares.
Another important detail is that if you have configured your SLIP-39 wallet backup as multi-shared backup, you cannot downgrade to single-share-backup.
Sources:
https://trezor.io/guides/backups-recovery/general-standards/single-share-backup-on-trezorhttps://trezor.io/guides/backups-recovery/advanced-wallets/multi-share-backup-on-trezor