Recover Accounts on Different Hardware Wallet

D. Petkovski | December 20, 2024 | Self-Custody & Security

Although I regularly cover hardware wallets and the seed phrase management on my blog, there is one concern that I’m often asked about.

I’d paraphrase/summarize it as:

“If my hardware wallet malfunctions after the company goes bankrupt, will I lose my money?”

And the answer to that question is: no.

As long as you have your seed phrase, you can initialize another hardware wallet with it.

For extra comfort, one example: if you lost your Trezor and they stop delivering to your country, you can order a BitBox02, initialize it with your seed phrase, and access your funds.

Explanation: seed phrases are compatible across wallets because they all adopt the BIP-39 standard. Read the linked post if you want to know more details, or just take my word for it.

As long as your wallet supports BIP-39, or in n00b-friendly terms: supports 12/24 word seed phrases, portability should not be your concern.

TLDR: Yes, you can use your seed phrase in other hardware wallets.

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D. Petkovski

📓 The Author Husband & Father
Software Engineer StrengthCentric
₿itcoin Hodler Long-Term Investor
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Recover Accounts on Different Hardware Wallet

TLDR: Yes, you can use your seed phrase in other hardware wallets.

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