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Topic: blockchain DeFi wallet - page 2. (Read 259 times)

staff
Activity: 3500
Merit: 6152
October 27, 2023, 02:05:49 PM
#2
It doesn't matter if they don't you the ability to export your private keys. A lot of wallets don't do that, but your private keys is derived from the seedphrase, which is all you need to recover your wallet in case Blockchain.com goes down.
full member
Activity: 252
Merit: 105
October 27, 2023, 02:03:16 PM
#1
hi

blockchain.com claim that they introduce bitcoin DeFi wallet to give users control over their funds, as non-custodial wallet and private keys belong to you .

i tried to get the private keys for the defi address i did not find it , only public key .


https://support.blockchain.com/hc/en-us/articles/360029029911-Blockchain-com-Wallet-101-What-is-a-DeFi-wallet-

https://support.blockchain.com/hc/en-us/articles/360050550572-What-is-the-difference-between-DeFi-Wallet-and-Blockchain-com-Account-


is this type of false marketing to give fake sense of security ? since i got confused by their articles . my question if you put btc in regular blockchain wallet without moving it to Defi address your are way less secured ?  by Blockchain.com Account they mean verified account only or unverified too ?

just in case blockchain.com is down or hacked , can you still have access to DeFi wallet balance with 12-word Recovery Phrase only ? and how you will be able to complete recovery into other wallet without a file ?

sorry for the noob question .
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