I am using the Blockstream self custodial wallet on Android. I have created a wallet, backed up the 12 words, and put some on-chain coins in it. But the wallet also allows me to receive/send Lightning and Liquid coins. Are those coins retrievable by the same BIP 39 seed phrase?
That means, suppose I put some liquid and lightning coins there, with address/invoices generated by the app. Then, if the device dies, can I restore my assets on another device by putting in the same seed phrase? Specifically,
- the on chain coins (I think I can)
- the liquid BTC
- the lightning coins
Or, is my device a single point of failure? If so, I do not dare to use lightning at all, as it seems all my coins can disappear if my device dies without warning which can realistically happen any time to anyone.