pull down to refresh
121 sats \ 0 replies \ @optimism 7 Sep \ on: What Information Do I Need to Access the Coins Currently on my Trezor Wallet? bitcoin_beginners
Trezor uses (and for some parts helped develop iirc) open standards for:
- BIP39: to decode your words into a binary seed.
- BIP32: to deterministically derive keys from the seed
- BIP44/84: that specifies the derivation path under BIP32
Most wallets implement these standards, even software wallets.
With the 24 words you can regenerate your secret keys to your coin. For example you could import it into a coldcard or some other hardware wallet and scan the chain for your past txs and the utxoset for your spendable coin, and then sweep your funds into a new set of keys from a seed (at the loss of privacy/pseudonymity)
The passphrase is only applicable if you decided to encrypt your words, to not store these in clear text. If you could recover from your seed without passphrase on Trezor then you didn't use that feature. So be aware that your seed phrase is cleartext and this should never be exposed anywhere, especially not digitally.
The pin is to gain access to the device, not your seed backup and is specific to the device you're using.
You don't depend on Trezor as long as you have the 24 words and you're reasonably secure as long as no one else has them (as they don't depend on trezor either.)