The best practice for testing #Bitcoin seed phrase recovery has been updated.
This has been going on for a while on Reddit. Sharing here to help your friends.
1. Send a small test amount of BTC to HW wallet (This is akin to your savings account) like 100 usd of btc
2. Setup a lightning hot wallet on your mobile phone for spending BTC (like phoenix or breez)
3. Send that balance from your HW wallet to lightning wallet which will also load it into a lightning channel so you have quick and low fee txs with your lightning wallet (this is like your checking account for spending and replacing )
4. Reset the HW wallet
5. Recover the HW wallet with the seed and you will see a 0 balance but also see the tx history indicating that its the same wallet
What this does is :
1. Trains you how to recover your wallet
2. Sets up a lightning hot wallet like you should do regardless
3. Removes any risk of losing Bitcoin from setting up the hardware wallet incorrectly
4. Proves to you your backup is correct and works
TKay / Freedom Smuggler
npub1nj…7l02j
2023-11-20 13:13:39
Author Public Key
npub1nje4ghpkjsxe5thcd4gdt3agl2usxyxv3xxyx39ul3xgytl5009q87l02jPublished at
2023-11-20 13:13:39Event JSON
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"content": "The best practice for testing #Bitcoin seed phrase recovery has been updated. \n\nThis has been going on for a while on Reddit. Sharing here to help your friends. \n\n1.\tSend a small test amount of BTC to HW wallet (This is akin to your savings account) like 100 usd of btc\n2.\tSetup a lightning hot wallet on your mobile phone for spending BTC (like phoenix or breez)\n3.\tSend that balance from your HW wallet to lightning wallet which will also load it into a lightning channel so you have quick and low fee txs with your lightning wallet (this is like your checking account for spending and replacing )\n4.\tReset the HW wallet\n5.\tRecover the HW wallet with the seed and you will see a 0 balance but also see the tx history indicating that its the same wallet\n\nWhat this does is :\n\n1.\tTrains you how to recover your wallet\n2.\tSets up a lightning hot wallet like you should do regardless\n3.\tRemoves any risk of losing Bitcoin from setting up the hardware wallet incorrectly\n4.\tProves to you your backup is correct and works",
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}