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    Author Topic: two different wallets (same funds)  (Read 131 times)

    • joe1234 (OP)
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    November 25, 2020, 12:44:50 PM
    Merited by o_e_l_e_o (2)
     #1
    Hello forum

    I am wondering if it is possible to "import my funds" in a second wallet (with the 12 word seed) and make transactions with both wallets
    as long only one wallet is started and used at the same time...

    Possible? Advisable?


    Thank's for any feedback!

    Joe

  • ranochigo
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    November 25, 2020, 12:47:04 PM
     #2
    Yes. The seed imports all the addresses in the first wallet to the second.

    You'll be able to spend the funds from both wallet, as long as you do not create conflicting transactions. Ie, spending the same inputs from both wallet at the same time.

    I won't really advise you to do so though. The more places you import your wallet, the larger your attack vector (if one is compromised, then all your funds will be at risk). Instead, I'll decide which is the more unsafe (in terms of portability, operating system, things I would do with the computer) and create a new wallet and send a small portion of my funds there.
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  • o_e_l_e_o
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    November 25, 2020, 12:47:13 PM
     #3
    Entirely possible.

    Coins are not stored in a wallet. Coins are stored on the blockchain. The only thing which is stored in your wallet are your private keys (which are simply very large numbers) which allow you to interact with your bitcoin. You can duplicate those private keys across as many different wallets as you like.

    You have to be aware, though, that the more places you duplicate your private keys to, then the larger the attack surface and the larger the risk of your coins being stolen. Your coins will only be as safe as the least secure wallet you use. If you have a hardware wallet, for example, and restore the same wallet to a mobile wallet, then you have entirely negated the point if the hardware wallet.
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