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Clone Hardware Wallets. Same Seed on Multiple Devices (Trezor, Ledger, Keepkey, Coldcard, SafePal) - YouTube
Channel: Crypto Guide
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you can have the same seed phrase on a
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bunch of different hardware wallets at
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the same time there are two questions on
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reddit I see all the time what if the
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manufacturer of my hardware while it
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goes away
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can I still recover my funds and I've
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got a trizol one and I bought a Tresor
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tea you know how do I move the funds
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from this one to this one this video
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what I've done is restored this seed
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phrase here on to a bunch of different
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hardware wallets and basically I'll just
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be looking at the way that you can see
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the same accounts the same transactions
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are only different wallets and how that
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works in a fairly transparent way if you
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haven't already done so you hit
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subscribe that way you can stay in the
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loop about content I make to help you
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find your way in the crazy of a hostile
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environment that is cryptocurrency so if
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you have a look on the screen what we
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can see is the same Bitcoin transaction
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represented in ledger live in Trez or in
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the safe pal in shape-shift and in
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electrum I'll put them all on the screen
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at once and you can see for example it
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if I make a new transaction here that it
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will actually appear in all of these
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wallets at the same time and again that
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is because these same keys are now being
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stored on all of these different hyper
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wallets that I have and I can use any
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one of them to send a transaction that
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will automatically stay in sync across
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all of the other ones when people ask
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the question of you know how do I move
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my funds from my old trizol on to my new
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one often what's going on here is people
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are misunderstanding how their Hardware
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wallet works you know a lot of people
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when they're new in the space basically
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assume that their Hardware wallet is
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like a USB stick that you know the
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crypto they have like lives on there
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rather than living on the blockchain
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it's basically your seed phrase being
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stored in here that is your wallet and
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that all your wallet does is provide a
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secure way for you to use this you know
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it doesn't store the crypto in the
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wallet or anything like that
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but the other thing is that there's
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actually nothing you know Trez or
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specific about the way that your wallet
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stores and uses this seed and that means
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that you can move between different
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vendors if the Hardwell supplier you
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haven't goes out of business you can
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import your seed to a new wallet and
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off and running again this highlights
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just how important it is to keep your
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seed safe if someone finds your 20
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forward seed they can restore it into a
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software or hardware wallet and they'll
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be able to access all of your funds even
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if they don't have the pin to your
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physical device and you won't know that
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they have that until it's too late if
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you want to have two or three different
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wallets from different vendors one of
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the big advantage of doing this is time
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to time that we issues that come up with
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a particular hardware wallet and for a
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particular vendor you know maybe they'll
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be an update in Windows that breaks
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things and causes driver issues or you
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know those kinds of things and sometimes
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having a second wallet from a different
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vendor can be great because their
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implementation may not be impacted by
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that change or might get remedied much
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faster the other thing that can happen
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sometimes you'll find that some wallets
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support some features and others don't
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and for example while it's like safe
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pals and le pals and things like that
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you know often don't support advanced
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features like signing messages having a
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second while it can also be really
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useful if you're trying to move all your
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funds onto a new seed in that it makes
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it much less stressful to be able to
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have both accounts sitting there so you
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can see the funds moving from one to
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another you can confirm the send and
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receive addresses from one to another on
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the hardware wallets rather than having
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to do things like import your seed into
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a software wallet and send it that way
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or create a paper wallet bib 39 seed and
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send the funds there then import that
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into your wallet or send it all onto an
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exchange or all these different sorts of
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things it helps you to get familiar with
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the process of restoring your seed onto
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different wallets and it also means that
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you could experiment with things like
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multi signature though I'll definitely
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say that multisig in an advanced feature
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that you really really really need to be
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familiar with what you're doing before
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you start playing with that it is worth
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considering that if you want to have
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multiple wallets that not all of the
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wallets support the same currencies and
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for example lock hold card is a Bitcoin
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only wallet so if you're someone who
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holds a bunch of alt coins
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having a cold card it might not be for
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you likewise
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things like a safe pal actually only
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support using one account per crypto so
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for example if you have multiple Bitcoin
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accounts on your trees or the safe power
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will only allow you to access the first
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one nevermind the fact
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that different wallets have different
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levels of support for things like seg
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wit the other thing to consider is if
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you have your seed on multiple high
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walls from multiple vendors you're
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actually exposing yourself to
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essentially all of the potential
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security breaches on both though it is
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worth mentioning that using a good bit
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39 passphrase is actually quite
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straightforward to set up and will
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mitigate most of the risks around key
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extraction while also increasing the
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security of your offline seed backups at
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the same time I've done a video on that
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before and just make sure that if you do
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use a bit 39 passphrase that you include
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this as part of your backup plan if
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you're really worried about security of
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your seed you might do something like
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have a second Hardware while it may be a
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cheaper one like a keep key you know you
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can get them for $10 if you kyc on
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shape-shift in a veil with like $5
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during Black Friday sales and you might
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have a second wallet that you keep that
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you set up that you are get familiar
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with using but then that you wipe and
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leave uninitialized that's there if you
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need it rather than buying to expensive
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hard walls to have as a backup if you
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think about we worth getting a second
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Hardware wallet you're not sure which
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one to get I've actually got a summary
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of lots of different Hardware bolts
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different features they have on my
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website and i've got affiliate links
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there it found my content useful you
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find information that website useful you
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could buy the wallet using those links
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and help me out in the process thanks
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for watching I hope that was helpful
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hit like if you think that other people
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would find this video useful and hit
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subscribe if you'd like to be kept in
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the loop about future content I make
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that helps people stay safe in the
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crypto space and to recover if they get
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into trouble if you have any questions
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about this video or a topic that you'd
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like me to cover just leave a reply
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