If I delete my wallet or change phones, will I lose my money?
Here’s how I understand it: think of the recovery phrase as the wallet’s “master key.” The private keys for all its addresses are derived from it, so it’s more important than any individual private key.
Importing the recovery phrase into another wallet that supports the same standards will generally restore the same addresses and assets.
A quick glance: $BTC is currently at 75845.12, 24h -0.47%.
Here’s how I understand it: think of the recovery phrase as the wallet’s “master key.” The private keys for all its addresses are derived from it, so it’s more important than any individual private key.
Importing the recovery phrase into another wallet that supports the same standards will generally restore the same addresses and assets.
A quick glance: $BTC is currently at 75845.12, 24h -0.47%.
