SEED

ShinAlastor

Consider buying Cold Card MK4 or BitBox02 Bitcoin Only Edition, engrave your SEED on a piece of metal ( don't take any kind of digital copies of it ) and don't share it with anyone.

ShinAlastor

Turn off your DM box and ignore all the private messages you already received, they are all scammers. I would suggest Binance or Kraken Pro and then move your funds to a cold wallet such as Cold Card MK4 or BitBox02 Bitcoin Only, engrave your SEED on a piece of metal ( don't take any kind of digital copies of it ) and don't share it with anyone.

ShinAlastor

Ignore all the DM messages you already received, they are all scammers. Download Electrum from the App/Play Store and import your SEED.

dunyayabakipgulumse

│Entrance hidden by │Bricks and rubble ▂▃▂▅▇▅▅▇▄▃ ┳ ║ ║▔▔▔▔▔▔▔ │ ╚╗ ╔╝ │ ║ ║ 6ft ╚╗ ╔╝ │====o ╚════│════════╗ │ │║@ SEED PHRASE║ ┷ │╚│═════════════╝ Air vent │ │Fan

dunyayabakipgulumse

│Entrance hidden by │Bricks and rubble ▂▃▂▅▇▅▅▇▄▃ ┳ ║ ║▔▔▔▔▔▔▔ │ ╚╗ ╔╝ │ ║ ║ 6ft ╚╗ ╔╝ │====o ╚═════════════╗ │ │║@ SEED PHRASE ║ ┷ │╚│═════════════╝ Air vent │ │Fan

ShinAlastor

Don't share your SEED with anyone.

Extreme_Nectarine_29

I write my keys on a paper, put on a box and **bury it**. **IT'S CALLED A SEED FOR A REASON!**

Top_Mind9514

You can also download a “Trust Wallet” from the App Store. You’ll have an option to backup your “seed phrase”. Do this manually. DO NOT BACKUP YOUR SEED PHRASE TO ANYTHING THAT IS, or COULD BE CONNECTED TO THE INTERNET!! Write your seed phrase down on paper. Your seed phrase is your “password” for your wallet. Make a couple of copies (on paper) and put them somewhere safe. Do not share them with anyone. Buy your BTC with Cash App. Either send your BTC from your Cash App directly to your medical supplier, or send BTC from your Cashapp to your Trust Wallet and then send it to the medical supplier. You’ll have to pay a small fee for each transaction/transfer. If you get stuck or have any questions please feel free to contact me.

shadyghxst

Yes its called SEED PHRASE

NautiNolana

Hell yeah! Been in the space since 2015 dm me if you want. NEVER GIVE AWAY YOUR SEED PHRASE UNDER ANY CIRCUMSTANCES, NO MATTER WHAT!!!!

shadyghxst

This sub always pushing newbies into hardware wallets but I believe user knowledge on how btc works and safe practices is the most important and first step in self custody. I go on Ledger sub and there are people using these wallets who cant even check a tx on an explorer or don’t even know that "hardware wallet” is just an overpriced dedicated device used to generate your SeedPhrase which is actually the real wallet and losing your seed it means losing your funds. Op I would advice you to download some hot wallets like BlueWallet, Electrum, Green Wallet, Exodus wallet, Safepal wallet etc and start experimenting with them. Learn how to write down your seed phrase and how to recover it. Eg you can generate a seed from bluewallet and then recover it using Electrum or exodus. The SEED PHRASE IS YOUR WALLET not any device or app. You can even send a small amount from your Coinbase into any of these hotwallets and then send to another hot wallet on your phone just to see how it works outside of exchange accounts. I learned a lot about Btc by downloading and using hotwallets , they are free . When you understand how It works you can even make your own cold or air gapped wallet with a phone without buying any hardware device.

Beat_Me_If_U_Can

SEED is minted at contract: 0xD4C317BBF03327E45752FecBdaC671e48c72C425 and it is an ERC20 token for now. Will be swapped to mainnet token at 1:1 Ratio. JAY token is not minted yet, we are planning to mint it once the platform is live on the mainnet.

bowdenta

Are SEED and JAY built yet, or are they just ideas? Are they ERC-20?

sita_wong

Thanks for your question! Think of it as "Exchanges as a Service." With an AWS account, you can run your own exchange using your domain name or brand. You maintain control over your exchange, fostering innovation and ensuring that your platform operates according to your rules and preferences. As for the SEED token, it has several utilities including paying for gas fees, earning validator rewards, staking for operating nodes, and facilitating cross-chain messaging and value transfer. As the ecosystem grows, we will introduce new utilities, governance features, and rewards. For more details on the potential use cases of SEED, please refer to our documentation under "Utility Token - $SEED." By providing a distinct purpose for $SEED and enabling the hosting of customized exchanges, we’re empowering our users to take full advantage of the decentralized finance landscape. Whether you’re looking to build your own trading platform or leverage $SEED for its numerous utilities, our ecosystem is designed to offer flexibility, security, and a dynamic user experience.

sita_wong

Thank you for engaging with us and for your valuable input! Let's break it down: >***Whats the point of fracturing utility into different tokens and NFTs? Why not just consolidate everything into one main token and NFT to make it less confusing?*** **$SEED** and **$JAY** serve distinct purposes to enhance the ecosystem's functionality and user experience. * **$SEED** is our utility token, kind of like the Swiss Army knife of our ecosystem. It has multiple use cases, from fee reductions to staking rewards. Plus, you can convert it into $JAY, adding a layer of flexibility and utility. * **$JAY** is the governance token. This is your ticket to having a say in the platform’s future. Holders of $JAY get to participate in crucial decision-making processes, ensuring the community’s voice shapes our path forward. Think of it like UNI for Uniswap – it’s all about decentralizing control. Now, onto the NFTs – these aren’t just shiny collectibles; they function similarly to VIP levels in centralized exchanges. Owning these NFTs can grant you exclusive benefits and rewards, enhancing your experience and potential gains. Why not consolidate everything? Separate tokens give us the flexibility to adapt and evolve. As the ecosystem grows, we can introduce new utilities, governance features, and rewards without overhauling the entire system. This adaptability is crucial for staying ahead in the fast-paced crypto world. Mixing these utilities into a single token or NFT could lead to chaos in value conveyance and utility overlap. By keeping them separate, we ensure each element serves its purpose efficiently, maintaining clarity and balance in the ecosystem. This structure allows us to cater to various user needs without compromising on functionality or user experience. **In short, having different tokens and NFTs ensures that our ecosystem is robust, flexible, and user-focused.** It might seem complex at first, but it’s all designed to provide maximum utility and engagement for our community. >***Any plans to add advanced orders in the future? Why is the spread like this? Is it a liquidity issue or is this the intended way that orders work on the orderbook?*** What you tested was our test platform, designed to collect data and evaluate features. The current order book experiences delays due to order routing and grouping. We are running a market-making (MM) bot in the backend to provide liquidity; however, it is not optimized, as we only spent six hours developing it. We apologize for any inconvenience and are committed to improving this before our official launch. We are in discussions with several major market makers who will support liquidity at launch. Additionally, take profit (TP) and stop-loss (SL) orders will be available by the end of next week, with other order types to follow. >***How do you plan on attracting liquidity when the platform actually launches?*** >*And to top it all of, your docs state that there will be "voluntary" KYC and AML thru third-party verifiers.* ***Whats the point of having it voluntary?*** The JayX platform offers "voluntary" KYC (Know Your Customer) and AML (Anti-Money Laundering) through third-party verifiers to provide flexibility and user choice. By making these processes voluntary, users can decide whether to undergo verification based on their preferences and needs. This approach allows users to match with exchange nodes who require different levels of verification, catering to varying levels of privacy and compliance requirements. The goal is to balance security and user autonomy, ensuring that users have control over their information while still enabling a secure and compliant environment. >*So, the platform seems underdeveloped for something that quote: "challenges the foundations of traditional financial systems". If you can deliver on these promises, then JayX can surely become one of the biggest decentralized trading platforms, but for now, it looks like just a primitive dYdX.* Thank you for your feedback. We understand your concerns and appreciate your honesty. While the platform is still in its development phase, we are committed to delivering on our promises and continuously improving our features and infrastructure. We’re fast-growing and make **new iterations every week** aggressively. We believe that great products come from countless iterations. That's why we need serious users like you to provide feedback and grow with us. Your insights are invaluable in shaping JayX into the powerhouse it’s destined to be.

mmstoin

Thank you for reading our docs! Yes, $JAY token holders can vote on additional coin listings. This is part of the decentralized governance system on the JayX platform, ensuring community involvement in key decisions. An estimated 100 million $JAY tokens will be minted. $SEED token holders can swap their $SEED tokens for $JAY at a specified ratio. The team allocation is still under consideration, but the goal is to balance community and team interests. The team aims to hold no more than 15% of the total supply in the long term but will retain a sufficient amount initially to drive the project forward.

Bitcoinoverlord

Hi and thank you very much for this AMA! I have been following the MPC prospect in the NEAR protocol and find it fascinating. Here are my questions. 1. What is the difference and advantages of using MPC over simply using hot wallets with multisignature that divide private keys into several shares? As far as Im aware, both are fairly fast with transaction speed. 2. While the idea of chain abstraction to simplify multichain transactions is very appealing for your average Joe, does that not inccur additional SEED fees for the intent relayers/validators (on top of the regular cross chain tx fes)? If so, does that not make the whole prospect fairly unappealing for low volume high frequency traders? 3. If my understanding is correct, abstract chain transactions wind up with 1 MPC wallet holding all the assets. If that is the case, isnt the whole thing fairly centralized?

mbdtf95

What exactly do you mean by saying that your platform enables hosting of our own customized exchanges? Sounds interesting, but not sure how that actually works in practice... Also, as for your official token SEED, what is its main purpose and what are its utilities, aka what is it meant to be used for (governance, paying platform fees etc...)?

mbdtf95

What do you mean by saying that your platform enables hosting of our own customized exchanges? Sounds interesting, but not sure how that actually works in practice... Also, as for your official token SEED, what is its main purpose and what are its utilities, aka what is it meant to be used for (governance, paying platform fees etc...)?

mbdtf95

What do you mean by saying that you enable hosting of our own customized exchanges? Sounds interesting, but not sure how that actually works in practice. Also, as for your official token SEED, what is its main purpose and what are its utilities, aka what is it meant to be used for (governance, paying platform fees etc...)?

etj103007

cool another AMA instead of commenting multiple generic AI-generated questions (like certain users...), I'll be focusing on asking stuff based on your docs. From what I can see, JayX aims to provide basically everything an CEX would do (spot, margin, etc.) but **whats the main distinguishing feature of this platform** between DyDx, which also uses ZK-proofs and is multichain. Or GMX, which provides derivatives. firstly, your ecosystem has multiple tokens and NFTs which is all very confusing. And none of them are even launched yet. $SEED - the "utility" token, like a CEX's token, has multiple use cases, can be converted into JAY $JAY - the "governance" token. EGG, BIRD, a Mockingjay, and Hammer NFTs, all for garnering more rewards. **Whats the point of fracturing utility into different tokens and NFTs? Why not just consolidate everything into one main token and NFT to make it less confusing?** now, for the actual platform itself... So far, JayX seems to only be a spot market in demo mode, so some of my observations may change but please bear with me. JayX really likes to show off the decentralized order book. Looking into it, the spread is horrific (1000 buck or 1.5% difference between bid and ask on BTC alone). For some reason, there are filled orders being shown that are filled at current price... somehow, **despite none of these orders even appearing on the orderbook itself.** If I place a limit order in the middle of the spread, it gets filled, but takes a while to do so. Even with the filled orders list showing prices lower than my limit buy and/or higher than my limit sell. If I place a market order, it takes only the orders from the orderbook, which also includes the horrible spread. On the topic of orders, placing orders seems hard and with 0 ways to edit it. No way to specify types of orders (GTC, FOK, and others), no way to set TP or SL, trailing stops, etc. **Any plans to add advanced orders in the future?** **Why is it like this? Is it a liquidity issue or this is the intended way that orders work on the orderbook?** **How do you plan on attracting liquidity when the platform actually launches?** And to top it all of, your docs state that there will be "voluntary" KYC and AML thru third-party verifiers. **Whats the point of having it voluntary?** So, the platform seems underdeveloped for something that quote: "challenges the foundations of traditional financial systems". If you can deliver on these promises, then JayX can surely become one of the biggest decentralized trading platforms, but for now, it looks like just a primitive dYdX.

hcm1976

U right! He always has the right answer!! One time I told my wife that with bitcoin ATH we may Lambo soon but she told me he is more the Porche kind of guy… she even forced me to hand over my seed to him… I came in a glass, handed it over to him - she got mad and told me NOT THAT SEED YOU CUCK… it is a hard life

Educational_Speech58

So true You must Know The Inter phase platform SEED PHRASES WORDS

adulbrev

I don't know where is the mistake. I just Get message Wrong SEED in Trezor suite. New device was needed because of my paranoid, I can't send my BTC to the software wallet. I sold other device after reseting it

Sawgrass78

Ledger is closed source code..."software whose author owns all rights to use, modify, and copy it." They announced a "security feature" in which they could resurrect your seed phrase and get you access to your bitcoin again through the backdoor in the event you lose or damage your hardware wallet. The market rightly recoiled in horror and they tried to dial it back by saying that capability doesn't exist, they were just proposing it as an idea. They also suffered a company breach in which their customer base's personal data was hacked (name, address, etc). Buy a coldcard or blockstream jade (BTC only, open source code). GENERATE A NEW SEED PHRASE. DO NOT USE YOUR LEDGER SEED PHRASE. Then transfer your bitcoin to the new wallet. You will sleep easier.

Obvious-Shop-6260

Give her my SEED… phrase

adulbrev

No. SEED = Money

HodlVitality

All you NEED is the SEED lol

Haunting-Student-756

Brother xpub was explained above. Your missing BTC “change” is likely on a change address in your wallet. Find your xpub and import to electrum or pair lever with electrum. MAKE SURE YOU DOWNLOAD THE RESL ELECTRUM AND DO NOT TYPE YOUR SEED INTO ANY COMPUTER EVER

No-Procedure8207

#1 Cold storage (Not your keys not your cheese)… #2 DO NOT EVER TYPE YOUR SEED PHRASE ONLINE… #3 Don’t talk about your holdings (You never know peoples intentions)… other than that.. Relax and enjoy the ride 😎

xXCsd113Xx

DO NOT SPLIT YOUR SEED LIKE THIS!!! You should know better. Seed words are not just random, some of these words are checksums, 6 of 24, of that list contains a checksum gives a huge amount of information to an attacker, makes brute forcing the rest exponentially easier.

gregzaj1

You don't need to computer if you have his seed phrase. DO NOT REPLY TO ME WITH THE SEED PHRASE. You can restore the wallet to any hardware wallet/signing device if you have the seed phrase.

ShiningEnigma

Uh oh. What if I don't got no SEED?

ElectronicGas2978

> Your SEED PHRASE is NOT your wallet, instead it's merely your signature on the public ledger. Your seed phrase is not on the public ledger. How much drugs are you on?

Raverrevolution

LOL rookie! Your SEED PHRASE is NOT your wallet, instead it's merely your signature on the public ledger. You only think it's your wallet because otherwise no one would understand the analogy.

ShinAlastor

No SEED, no thanks.

Yodel_And_Hodl_Mode

I know you didn't ask, but hopefully this will be helpful. Here's my advice for the future: Get a hardware wallet that is 100% open source and air gapped. SeedSigner or Krux. SeedSigner runs on a Raspberry Pi. Krux runs on a Maix Amigo. I prefer Krux. This is where you'll enter your seed words. Nowhere else, ever. Get a wallet app that is 100% open source. For Bitcoin, BlueWallet is great on mobile devices and Sparrow is great for desktops. DO NOT TYPE YOUR SEED WORDS INTO IT. Instead, you'll use it air gapped, which means you'll scan QR codes to use it. It'll work like this: Let's say you make a transaction with your wallet app. The app will give you a QR code to scan with your hardware wallet, to get a signature. You'll scan the QR code with your hardware wallet, and it'll give you a QR code containing the signature, to scan with your wallet app. Your wallet app gets the signature & does the transaction. Two QR scans & done. Scan the first QR to request a signature. Scan the second QR which has the signature. Done. Using an air gapped wallet means scammers and keyloggers, etc, have no way to access your keys. The only thing a scammer could hack into is your signature, and since a signature is only valid for that one exact transaction, if they try to change it, the signature won't be valid & the transaction won't go through. For example, let's say a hacker gets into your phone or your PC and tries to steal from your wallet. Your keys are air gapped, so they can't get them. And if they steal a signature & hack it to send the coins to them instead of wherever you were sending them, the hacked signature will fail, because signatures are just math and the math for the hacked signature won't be correct. If decide to get an air gapped hardware wallet, start over with a new seed phrase so you can be 100% sure it's safe. Best of luck going forward! I hope this helps.

shadyghxst

I don’t think you know what a "Cold wallet" is since you can literally make a cold wallet for free with a phone or pc that has no internet connection. What you are referring to is a "Hardware wallet" and it’s not synonymous with cold wallet although reddit seems to use these terms interchangeably. Also you need to understand that your SEED PHRASE is your wallet not device or any app.

Vakua_Lupo

I wrote my Seed Words on a sheet of paper, with the words SEED WORDS in capital letters. I then pinned it to the Noticeboard of my local Garden Club! So far all my crypto is still in my wallet!

Yodel_And_Hodl_Mode

Good question! No one should rely on their memory for securing their Bitcoin. That's the road to disaster. You should write down your passphrase and make a backup copy too - preferably on metal (in case there's a fire, flood, or anything else that could ruin paper), and store it separately from your seed, never together. It's fine to store your passphrase in a password manager. NOT YOUR SEED! But, yes, it's fine to store your passphrase in your password manager so long as you don't label it as something like "My Bitcoin Passphrase." For example, even if your password manager gets hacked, a hacker would never know this is your Bitcoin passphrase: > about whistle youth Miami road Jeff Another approach is to use something only you know as your passphrase. For example, I'm the only person who knows where I was on New Year's Eve 2010, and it's a town no one could ever guess. I'm the only one who knows the first record I was ever given. I'm the only person who knows what I named my goldfish when I was a kid. So, if I used those as my passphrase, I would write it like this: > Pine Island Remain In Light Frank And I would write this down: > My passphrase is where I was on New Year's Eve 2010, the first record I was ever given, and what I named my goldfish when I was a kid. > Write it down with each name capitalized, and no commas. Write it exactly like this (but these are fake answers for the sake of an example). > New York Full Moon Fever Goldie

Revolutionary-Ebb-26

The seed phrase is equivalent to the wallet. If someone knows your seed phrase they can access your funds from anywhere in the world just like you could. Understand that your seed phrase is your wallet. Your SEED = FUNDS

shadyghxst

The SEED PHRASE is your wallet not device. Make sure you WRITE it down correctly as it appears and keep it SAFELY. As long as you have it you can always recover your wallet anywhere and not just on Trezor wallet.

StatisticalMan

Yes and OP has likely seen this hundreds of times. Everyone who gets burned like this gets burned because they try to outsmart themselves. Anything online and digital has so many magnitudes higher attack surface than an analog offline only seed (i.e written on paper or metal only). Many many many magnitudes higher. It is just a massive increase in risk. With crypto it only takes one mistake, one lapse, one malware and it will be gone instantly. DO NOT STORE YOUR SEED PHRASE IN ELECTRONIC FORM. NOT IN AN EMAIL. NOT IN A PASSWORD MANAGER. NOT IN A TEXT FILE. NOT IN AN ENCRYPTED TEXT FILE. NOT IN A PHOTO. DO NOT STORE YOUR SEED PHRASE IN ELECTRONIC FORM. Use a hardware wallet. Get in the habit of only storing your seed phrase offline in analog form and only entering it directly into the hardware wallet. Never enter the seed phrase into any app or website even if you are "sure" it is legit. Doing all of that creates a very powerful mental and physical firewall. The attack surface decreases by many orders of magnitude.

cienfuegos__

I'm sorry to hear it, but it can't be said any clearer: DO NOT STORE YOUR SEED PHRASE ELECTRONICALLY. You stored it in your email and thats what was compromised.

GrayersDad

What exchange, how long until you get your hardware wallet, do you want to pay network fees twice, you've been comfortable with your Bitcoin on the exchange for the past few months so what has changed, are you comfortable taking self custody. You'd probably be just as safe, if you're using a fairly popular exchange and will be getting the hardware wallet in the near future, but if you're comfortable taking self custody, and don't mind paying the extra network fees, transfer your Bitcoin to the hot wallet and deleting it shouldn't pose a significant risk either. SAVE YOUR SEED PHRASE!!!!! You said you've been saving for a few months, and not knowing your financial situation, I don't know if you have 1 Bitcoin or 0.01, but something else to consider is UTXO management. When moving Bitcoin to your cold wallet, the transfer should never be less than 0.01. This will help reduce future network fees, when or if you need to transfer your Bitcoin again. Probably more than you wanted to hear, but I'm a rambler.

spitefully_empty

He is comparing you a vulnerable bait for the sharks. Internet has many hackers and scammers, and you just publicly announced that you have 6 figures of money ready to be stolen. SEED PHRASES are essentially your password. Never share it. Bitcoin transactions are irreversible. If you don’t know what you are doing, take your time. Stay safe and sorry for your loss.

joannew99

If its 1/3 of your life then you can afford a $60 Jade wallet or learn to use Electrum which is free. If you feel you are too incompetent to manage a 24-word seed phrase, then use a 12-word seed phrase and add a passphrase on top of it. And If you feel you are too incompetent to not lose this seed + passphrase, then store 1 part (seed) in an encrypted USB or cloud server and then store part 2 (passphrase) in a different USB or password service/cloud server. That way you always have access and no risk of losing it Don’t store them together and don’t title the documents “SEED PHRASE” or “PASSPHRASE”

Dumusstmich

i trust the coldcard generated SEED more, also because i used a passphrase what I didnt do on the ledger..

derbyfan1

Lets clear this up. Even if you opt in, YOUR SEED SHOULD ONLY EVER, EVER, EVER BE KNOWN / HELD BY YOU. Nobody else. EVER unless you give it to them. By giving your seed to anyone else, you can consider your coins compromised. Remember the white paper - Verify dont trust. If your going to trust them, then you mas aswell leave your coins on an exchage ala Celcuis, FTX.. The fact Ledger have revealed a back door is hugely alarming. Its a huge red flag. WHEN not IF they are hacked, Ledger loyalists will be up in arms.. but the signs were always there. Never a Ledger, Forever a Trezor.

anthonyevans777

LEDGER - been a ledger customer since 2017. I never had an issue or got hacked. Bought a new ledger in 2020 in hold all my corn there ever since…. Just always buy from ledger and NEVER EXPOSE THE SEED PHRASES!!!! Do not trust anyone with those words or you’re screwed!! I keep my ledger in a security vault in a bank underground. It will never see the day light

IdentifyAsUnbannable

YouTube is your best friend. Remember, cold storage is really just a key to your wallet. You could lose the actual hardware device. As long as you remember your seed phrase, you can recover your crypto. Remember, NEVER TELL ANYONE YOUR SEED PHRASE. Those are the keys to your imaginary vault per se. Start watching coin bureau on YT. You can learn alot from guy. https://youtube.com/playlist?list=PLk1ALX7IOH_npyk1W_88gxTDpTEfZg_Og&si=XLkpkZ6xUH47TE88 That's a link to his educational guide.

helloworld987456321

This. Your last sentence is what i have been unable to get reddit to understand , though im sure the breakdown is on my end. My thinking was to use the Ian Coleman "IC" site for its strengths and choose; a different language as any hacker getting it from the USA would likely try English tick the B39 passphrase derivation 84 (I was just saying 32 because earlier because it was the standard and messing it with is a good way to make your coins unrecoverable) thru experimenting I realized only 84 will produce bc1 addresses, which I think is best going into the future. Thats the easy part, but how to enter it into Electrum and get the "unlimited" addresses. The IC site has the ability to show QR if you roll over the text addresses. 1. Open Create Wallet in Electrum, (if the next choice was Import Private Keys that would be great, but I couldn't get the QR window to except the QR code from the IC website and i sure as h--- am not going to trust myself to type it in. 2. Open Create Wallet in Electrum, Standard Wallet, Use a Master Key - stumped...Master Key has both Public and Private Keys yes. IC site doesn't make it clear. 3. Open Create Wallet in Electrum, Standard Wallet, I have a seed, switch SEED TYPE from Electrum (drop down) to BIP39, enter 12 words, scroll down to tick box "Extend seed with custom words" (which always concerned me because people could add crazy words not in the B39 wordlist, they probably think it is the dictionary, 2048 seems small) then ENTER, enter 12 more custom words (this is another reason im using IC, I get a good set of 12 more words, hit enter retype your first 12, then your 2nd 12, enter, then the PassPhrase (HERE IS the main reason Im trying to use the IC -as long as it doesn't make my wallet unrecoverable- it generates a 100 digit passphrase, the longest allowable, in my brain -takes the longest to brute force, cut and past that in because I will be offline and the laptop won't be ever going back on (spare laptop). I really haven't decided whether to do a paper or thumb drive backup of the 24 seeds, passphrase and printouts of the MasterKey and Private Key, probably both in seperate locations. So what I can't tell is if its going to keep supplying address like I hope it will. An aside, I wish there was a wallet that used a mixed language wordlist, making it say 10x larger, but maybe 2048 is enough.

anon2414691

WHY ARE YOU RUNNING LEDGER LIVE??? WHY DON’T YOU HAVE A BACKUP OF THE SEED PHRASE??? Recording a seed phrase in metal isn’t difficult. In fact, it’s cheaper than a ledger.

shadyghxst

- Download a mobile app wallet like BlueWallet, Safepal wallet, Exodus wallet , Trust wallet ,etc. - Write down the seeds from the wallet you’ve downloaded and make sure to confirm its all correct - Now send your funds from trezor to your newly downloaded wallet . - Wipe and Setup your Trezor again , write down the seeds and make sure not to lose it again ( YOUR SEED IS YOUR WALLET not device , not app ) - Confirm everything is correct and send back the funds from the mobile wallet.

humble_hodler

There’s so much bad advice in here, yikes! DO NOT USE OPENDIME/SATSCARD OR ANY HARDWARE DEVICE THAT WONT LET YOU BACKUP THE SEED as a standalone wallet! I don’t know of it’s possible to use those in a 1/2 multi-sig config, but that’d be the only way I’d trust those long term.

na3than

Yes, I have all of those ... in stainless steel. I ALSO HAVE MY SEED MNEMONICS MEMORIZED. Why is that such a problem for you?

Hardmoneynow

This is a great idea. And to serve the community I will be offering this service for free. Simply DM me your seed phrase and mailing address. You are welcome! (THE ABOVE IS SATIRE...DO NOT EMAIL ANYONE YOUR SEED)

3utt5lut

Nothing wrong with a digital copy, it's just better if you're smart where you put it. If it says SEED and it's in your cloud folder, you're pretty much boned, but you can hide it pretty well and still have it available digitally.

FFMooch

HA! Not in this scenario. We are talking over 60k of money that was taken. Im against any theft, so this does suck. BUT if you're a long time lurker, then you've heard/read all the stories. Protect your seed phrase. Send to cold storage. Protect your seed phrase. Act as though the amount of crypto you have needs security equal to 10x the crypto you have. PROTECT YOUR SEED PHRASE. Its moments like this that normies see and decide to either stay out of crypto OR invest in paper btc etf. Either way, long time lurkers know better. Its frustrating.

fresheneesz

> the hardware wallet considers you a risk factor and thus refrain from disclosing the keys to you Trezors don't do that. > you might as well just securely store the keys directly, instead of its derivative that is the 24-word seed phrase No. You clearly don't know what you're talking about and shouldn't be giving people advice. Your seed is designed to be handled by humans and is what you use to recover your wallet. The "keys directly" are not. You will have a huge pain in the ass if you try to store the keys "directly" rather than the seed. It'll be far more error prone. This is simply not best practice so don't recommend it to people. What are you doing? > the private keys are a direct backbone of the blockchain and cannot be done without. The seed generates an HD wallet - an infininte list of private keys. You simply CANNOT store an infinite list of private keys without the seed used to derive that list. Your advice is shit and following it WILL cause people to lose money. STOP IT. You always need to backup your SEED securely. A hardware wallet is an electronic device that should be considered volatile - it could break at any moment.

analogOnly

Easy you take your phase and encrypt it. The output is the result of your cypher with your seed phrase. By using your cypher you can decrypt it. Warning: DO NOT PUT YOUR SEED PHRASE ANYWHERE ONLINE Here's an online example of how simple encryption works https://cryptii.com/pipes/caesar-cipher

kuzkokronk

Buy using a reputable exchange (Coinbase, Gemini, Cash App, River, Swan, Strike). Once you're comfortable with how bitcoin works, get a reputable hardware wallet (Trezor, Coldcard, Bitbox02, Jade, Seedsigner). Keep your 24 word seed phrase safe. The seed phrase, for all practical purposes, is your bitcoin. Treat it like you would an expensive piece of jewelry. Write it down on paper (or better yet, stamp it into a stainless steel plate). NEVER TYPE YOUR SEED PHRASE INTO ANY WEBSITE OR APP. Only type your 24 word seed phrase into a hardware wallet that you purchased directly from the manufacturer (not from eBay or Amazon).

MathematicianWhole29

No. Not the paraphrase. The 12 word SEED phrase

anticosti11

Buy a Coldcard hardware wallet, Create a new wallet, NEW SEED!! Create a sparrow account Transfer a small amount to your new wallet. Wipe your new wallet Recover your new wallet using your new recovery seed If your small amount is still there then go ahead and transfer the rest. The Coldcard wallet never needs to connect with the web by using a micro sd to sign your tx. They also accept btc for more privacy. No credit card involve.

rumi1000

Not your keys, not your coins. I'm sorry to break it to you, but you don't actually have any bitcoin. You have IOUs from Binance which might be redeemable for bitcoin, or not. If you have an smartphone lying around somewhere that you don't use, do a factory reset and install a trustworthy bitcoin wallet. Not as good as a hardware wallet, but pretty secure. And don't forget to BACK UP YOUR SEED.

jamesblacklock

All good advice, but you forgot one thing that will give incredible peace of mind while also being extremely useful and straightforward: MEMORIZE YOU SEED PHRASE. If that sounds challenging, go back to middle school and become a theater kid.

typtyphus

List for future reference for other newcomers: DON'T SAVE YOUR SEED PHRASE ON A DIGITAL DEVICE. Don't keep your large sums of bitcoin on an exchange, if you don't know what proper security is. Use open-source wallets. Use reputable exchanges to exchange fiat for bitcoin. Most importantly, before doing anything, make yourself familiar with bitcoin wallets and Bitcoin.

BMX_ROIDZ

> an’t you understand a basic concept. DO NOT ENTER YOUR SEED ON ANY COMPUTER/PHONE/PRINTER? You should tell this to the BTC chain, LMFAO.

icydee

Can’t you understand a basic concept. DO NOT ENTER YOUR SEED ON ANY COMPUTER/PHONE/PRINTER? Now tell me how do you intend to encrypt it before it goes onto a USB device?

benjaminchodroff

This is the way. Don't look back - you're still early. Make sure you invest in a hardware wallet and STORE YOUR SEED PHRASE OFFLINE IN A SECURE LOCATION. Also, ensure you use a password manager such as Bitwarden with unique and strong passwords for all your accounts and enable 2FA TOTP for everything. \*\*DO NOT PUT YOUR SEED PHRASE IN THE PASSWORD MANAGER\*\* don't share it with anyone, but do document a succession plan for a loved one. Other than that, enjoy the ride. Welcome aboard.

DontDieSenpai

Before you buy you need to decide on how you are going to manage it. * From whom are you going to buy? And why? * How are you going to store it securely? What hardware wallet do you want to use? Do you want to run a multi-sig setup or not? Why? * How are you going to store your seed phrase? Do you have a good memory? Do you have family that you'd leave it to in the event of your death? * Do you want to lump sum and drop 35k all at once or do you want to DCA smaller amounts? * Are you buying for yourself, your posterity, or both? * Why bitcoin? Why not gold, silver, stocks, bonds, etc? There is a lot to know and unfortunately finding all of the answers in one place in an easily understood format isn't really possible. At a bare minimum IMO, you need the following: 1. Education. This is THE most important aspect of the entire journey you are embarking on. Learn about the history of monetary systems, how/why they changed, and then learn how/why bitcoin came into existence. You need to completely change your perception of economics in order to properly understand and respect what bitcoin is and what it could be one day. Bitcoin University on YouTube is a good place to start for beginners IMO. ([https://www.youtube.com/@Bitcoin\_University](https://www.youtube.com/@Bitcoin_University)) The videos are usually \~10 minutes long and are presented in an easily understood way. Once you get your feet wet, you need to read the whitepaper. ([https://bitcoin.org/en/bitcoin-paper](https://bitcoin.org/en/bitcoin-paper)) Then check out any number of the bitcoin and fiat books out there. There are lots of people here who have lots of reading suggestions, I am sure. 2. A good exchange to purchase your bitcoin from. I personally use Strike for a number of reasons, but there are other very good companies out there you can get it from. 3. A hardware wallet to send larger amounts of bitcoin to. This is NOT optional when you're talking about owning a whole coin, so don't even ask if you can forego this part, because in my mind it's a fundamental law of nature. 4. Along with the wallet you will have a seed phrase that is generated, so you will need a method to store it. This is essentially your key to your bitcoin and if you forget the phrase or the paper or titanium it's on, you've essentially lost everything. **IMPORTANT!!! NEVER EVER TAKE A PICTURE OF YOUR SEED PHRASE! NEVER UPLOAD IT OR SHARE IT WITH ANYONE ONLINE!** Your best bet IMO is a titanium seed phrase plate.

MapleSyrup9001

Im not understanding how you can give people $20-$50 worth of crypto when **fees** are going to eat up the majority of it. Give them something they can actually use like a real crypto... not a voucher. Go for a low fee crypto. Set up a wallet for them with money in it, write their seed phrases and give it to them. TELL THEM YOU KNOW THEIR SEED PHRASE. They will then have to download a wallet, access their funds - hopefully even make a new wallet and transfer the funds you gave them to it. And there you go, they get crypto and actually learn how to use it in the process. Personally, ADA has had a pretty good user experience for me with fees in the pennies, but feel free to use w.e

Novel-Counter-8093

before you go about spending big bucks on bitcoin, learn the importance of HARDWARE WALLETS and why YOU SHOULD STAMP YOUR SEED PHRASE ON A METAL PLATE AND NEVER SHOW ANYONE IT EVER. once you understand it, feel free to buy in either one lump sum, or dca that $10k over time.

Immediate-Resist441

Yes, and most of the more popular wallets will link easily with a lot of the more popular hardware devices. Some hardware will list what wallet software works best or even have something they recommend specifically but much of it is enter changeable. I’d recommend using a laptop or desktop that you don’t do a lot of downloading or surfing with just as a precaution but not absolutely necessary but this way you don’t have to worry too much about viruses or malware. Go on YouTube and take a look at BTCSessions. Ben has amazing videos for all the most popular wallets and hardware. Purchase your hardware directly from the vendor, NOT a third party like eBay, Amazon, or Best Buy. NEVER SHARE YOUR SEED PHRASE and do not enter it into any website or app. Only the device itself when necessary. Write it down and put it in a safe place.

direktor4eto_reborn

Currently I have 3 HW wallets: one is a backup of the other. All have PINs and PASSPHRASES. But I worry about the seeds: they are the weak link. I might try with a cypher though, ot separate the SEED in two. It's just that it's a lot of money, and I would like to have very strong backups and be very safe.

Discokruse

$1000 is a great amount to either hit it big or lose everything. Since you are young, buying bitcoin is a great way to set yourself up later in life. How you do it is important....don't leave BTC on an exchange (like coinbase or binance), if you self custody, MAKE BACKUPS OF YOUR SEED PHRASE, and never tell anyone how much Bitcoin you own. If you want to get tricky and avoid taxes, get a self-directed ROTH IRA and hold GBTC(Grayscale Bitcoin Fund). If it grows to a large sum, you can use the balance as collateral for your first home purchase. Any other amount you take out is taxed as regular income + 10% penalty, so be wise if you go this route.

EdwardPotatoHand

Download STRIKE app, send cash to it, buy bitcoin. Send bitcoin to hardware wallet, make sure to have METAL ENGRAVED BACKUP SEED of hardware wallet.

vplatt

Bit.. WUT? Bitrot? Yeah! I had that too. Couldn't pee for a week. Had to get a prescription! Wait... wut? SEED PHRASE? Not interested pervert! Go away before I call the cops!

Tasty_Action5073

It seems you are on the right path. It’s good to learn about UTXOs. They are one of the foundational elements of Bitcoin. It’s how everything gets tracked on the blockchain. Also, unless you feel you are compromised. You don’t need to send BTC from one wallet to another. You can just use the SEED phrase you have to initialize your new Hardware wallet. But again, really depends on if you believe Ledger has your SEED.

thej3wer

Guys - i appreciate the effort but please understand - ARMORY WALLET DOES NOT USE SEED PHRASES. the only information i have to work with is the original btc address i sent the money to, my wallet passphrase, and the Watch-Only Root Data and Watch-only root ID. so at this point im totally lost

Fooshi2020

The reason I suggested a Tangem card is because it doesn't use a SEED phrase so there is nothing to get confiscated. And the card just looks like a credit card. But don't lose it or the backup card.

Quantris

> security-conscious people > previously used LastPass to store their “seed phrase,” For fuck's sake. The instructions are simple. DON'T TYPE YOUR SEED PHRASE INTO A COMPUTER

BTCMachineElf

>and asks for my seedphrase Your computer should NEVER ASK FOR YOUR SEED PHRASE. Never. And of course you should never type it into your computer! If you have done this, you need to start over with a new seed. Are you sure you're using a legitimate copy of Blockstream Green, downloaded from [blockstream.com](https://blockstream.com)?

AlligatorDerby

Put the study cap on... Learn what a non-custodial wallet is (just enough to use one.). Learn what a SEED phrase is. Learn its importance. How To/Not to store it. Learn what a DEX (decentralized exchange) is and how it works. Learn what P2P (peer to peer) exchange/trading is

BuGsYq

that's just sad.. ​ Remember KIDS , don't stream your SEED ​ /s

PanFennel

This is kinda cynical, but true. At least he hadn’t named .txt file “CRYPTO WALLET SEED”

Savi321

Here it is: SEED PHRASE FOR YOU TO KEEP SAFE DON'T SHARE WITH ANYONE OR ELSE I LOSE ALL MY SAVINGS. Thanks, bud!

Practical-Store9603

Startup managed to lose their seed damn. Another reminder to KEEP YOU SEED SAFE yall! Also have a good day while you are at it!

AdComplete3817

Op please check that the matic is the official matic. You using metamask, and it is registering is a good sign but just check on the plyscan explorer that it shows the right token. Also just as an extra precaution check your revokes, and if this is an older hot wallet I highly recommend making a new one that you will never interact with. Congratulations on the big lucky win, please be safe as people will snoop your wallet, dm you scams, and try to hustle it away that you've claimed your a noob. Before making ANY moves if you at all feel uncomfortable, stop and ask. Can dm me if necessary I've worked full time in defi for 2 years. Use test transaction and lasty NEVER GIVE OUT YOUR SEED PHRASE OR CONNECT YPUR WALLET TO UNOFFICIAL SITES. CHECK 5 TIMES.

Aired_

I 100% agree with this, that is what Frogwallets is for. No matter what device you're using, what app you have, YOU MUST SECURE THE SEED. The frogwallet will allow you to do that and store it in a waterproof, tamper evident, and add in the fire wallet for fire resistance. It may seem odd to buy a frogwallet when you can just write it down on any ole piece of paper but, the reality is piece of papers get lost or can be damaged if not stored properly, also if something happens to you, is your next of kin going to understand what they have? Frogwallets look important and that could be the difference between trash or cash. Being safe was my #1 concern before I started seriously buying any crypto. I thought of everything for myself and a couple friends, and really think a frogwallet may save peoples finanicalhood.

na3than

This thread is speculating (incorrectly) on the computational effort to brute force ONE DETERMINISTIC WALLET SEED when the 24-word mnemonic for that seed is known but the words are in the wrong order. If successful, the operator of such a supercomputer would be able to steal all the coins from THAT ONE WALLET. All other wallets are safe. Unless the wallet holds billions of dollars in assets, it's not going to be a profitable venture.

na3than

For the bitcoins a single address, yes, 2^160 is the important number. But no one keeps all their bitcoin in one address. In the one-in-a-bazillion chance someone stumbles across one of the many private keys to one of your addresses, they'll only be able to steal the coins in that address. On the other hand, if two wallets generate the same SEED, the entire wallet is compromised.

na3than

>Addresses are what actually matter. Yes >Each private key is 256 bits. Yes >Seeds generation private keys. Yes >Private keys are hashed to create addresses. Yes >Many private keys can hash to the same address. Yes >Every one of the 2160 addresses has an average of 296 private keys that map to it. It Yes >It doesn't matter which private key was intended to control an address that you send to, because that information is not in the block chain. Yes >All of those 296 private keys (and the seeds that generated them) are equally able to spend from the address. Yes But none of that is what OP asked in this post. OP asked, "Is it possible for a cold wallet to generate a SEED and another cold wallet coincidentally generate the same SEED?"

na3than

Addresses are 160 bits. HD wallet seeds are between 128 and 512 bits, depending on entropy used. OP's question was "Is it possible for a cold wallet to generate a SEED and another cold wallet coincidentally generate the same SEED?" A wallet that uses 24 words from the 2048-word BIP-39 word list can generate 2048^24 (minus checksum bits) distinct SEEDS.

Terra_Goose

In a strange way I agree that this kind of „peer review process“ is better than ripping the private keys out honest people….NEVER SHARE THE SEED/KEYS

iMHackeRPiratE

>this user sent me screenshots of every step INCLUDING A SCREENSHOT OF THE 12 WORD SEED PHRASE of his vault!!! It’s a trap for your gas fee on ETH. They have coins like Moon or stablecoins, but there is no gas fee to transact. If you deposit some ETH to transfer their stablecoins, they’ll steal it, like a dust attack. If you deposit, it will be gone in a minute. It’s just $2 or $3, but ten times a day is a big scam.

m4rM2oFnYTW

BIP-39 wallet with passphrase. Use a passphrase that is extremely memorable to you in particular but don't store it with your seed words. It doesn't even have to be an overly complex password, just a unique sentence or phase that has meaning for you but nobody else. If you're still paranoid about forgetting it, store your passphase in a password manager (NOT THE SEED). Keep multiple copies of your seedwords (without the passphase) in separate physical locations using tamper evident bags and check on them once in a while. If one is missing or opened, don't worry as it is still protected by that passphase. Simply start a new wallet and transfer over. This is sufficient enough for most people. Of course, there's always more options such as multi-sig but for your average person, it's not really necessary and may actually reduce your security by over-complication unless you really know what you're doing.

SerFraust

This is bad advice. Good advice is: DO NOT LOSE YOUR SEED PHRASE. Imagine being retired and trying to remember your seed phrase. Write it down and put it in a safe place.

userfakesuper

>You on the other hand are; and are choosing to be cruel for no reason You would rather I enabled the stupid thinking that this OP showed? Tell him that he made a mistake and that it will be ok? No, I will not do that. He will remember this tough love and he will do better for it. He lied or intentionally left out the information that he uploaded his SEED PHRASE and then said he was hacked. He wasted everyone's time here including yours.. calling him stupid IS being nice. So you are telling me there are no stupid people in this crypto space and that we as a group should not call them stupid? If you think this is cruel..wake up and do some critical thinking here... that way I wont have to call you out as stupid. Can't lead a stupid human to water and expect them to know what to do with it. I am done here.

na3than

> “A paper with 12 words is more suspicious than a color palette labeled like 'my new home wall colors,' for example, or inside a styles.css of your [website],” he said. Who wants to take bets on how long until we get a post to this subreddit saying OMG MY BITCOIN WALLET WAS HACKED HOW HOW HOW THE ONLY PLACE I KEPT MY SEED WAS IN THE CSS FOR MY WEBSITE ...