generate new seed after sweeping fund to Electrum recommended

nc50lc

legendary

Activity: 2618

Merit: 6452

Self-proclaimed Genius

Quote from: joe1234 on May 10, 2024, 09:18:08 AM

1.
Is it recommended to generate a new seed after importing funds (with the help of the 12 word phrase from BRD wallet)
to Electurm?

This didn't imported any funds to Electrum;
Importing a seed phrase only "copies" the private keys from the original wallet (BRD) to Electrum.

Since both Electrum and BRD wallet both has a copy your private keys now, either wallet can spend your coins.
If you do not want the previous wallet to have access to your funds, then you should send 'max' to a new Electrum wallet with a new seed.
If you still want to access it in BRD wallet, then keep it that way. (your transactions will reflect on both wallets)

Quote from: joe1234

2.
The same, if funds from a paper wallet are sweeped to Electrum?

Now this actually sent all the coins from the paper wallet to the loaded Electrum wallet, the private key of the paper wallet is discarded after the transfer.
If you think about it, this is a reckless question since sweep requires an existing Electrum wallet (that you own),
it does not create a new wallet from the paper wallet so there's no reason to ask if it's necessary to create a new seed.

If you're talking about "import private key" instead, then it's recommended to create a new wallet if you're not planning to spend it all right away.

P.S.: It would be nice if you can reply to your topics to report that your queries are already answered, at least for closure purposes.
I peeked into your post history and only a few older topics have reply.

Hatchy

sr. member

Activity: 336

Merit: 365

The Alliance Of Bitcointalk Translators - ENG>PID

Quote from: Zaguru12 on May 10, 2024, 10:29:04 AM

OP is asking if it’s recommended to create new seed phrase rather than importing seed phrase on different wallets and yes it is recommended to because you never can tell how the old seed phrase was generated.

If op is unsure of the authenticity of his old seed, then he may consider generating a new seed to avoid any complications. Electrum generated seeds are secured so op can sweep his funds into the newly created one and store his new seed.

Zaguru12

hero member

Activity: 868

Merit: 952

Quote from: joe1234 on May 10, 2024, 09:18:08 AM

1.
Is it recommended to generate a new seed after importing funds (with the help of the 12 word phrase from BRD wallet)
to Electurm?

It is not mandatory but it is recommended, reasons been that you don’t know whether the seed phrase is already compromised and using it on another device or wallet doesn’t save it from that danger.
Secondly it is highly recommended for closed source wallet because you don’t know what the wallet might have done with the seed phrase since it’s source code is close, creating a new seed phrase on electrum is better since it is open source wallet.

Quote from: joe1234 on May 10, 2024, 09:18:08 AM

2.
The same, if funds from a paper wallet are sweeped to Electrum?

Yes it is better to sweep a paper wallet because of the reasons above too, which is for more security reasons.

Quote from: Frankolala on May 10, 2024, 10:24:55 AM

Your 12 word seed phrase is what gives you the ownership of that wallet and that is why it is said that you don't expose your private keys to third party if not they can be in control of your wallet because they will have full control of the wallet. So if you import your seed phrase to another wallet, you don't need a new seed phrase, because you are not creating a new wallet but only importing the wallet that you already have to another wallet, so that you can control your old wallet on the new one as the same wallet.

It is in that your wallet that you have funds in, if you create a new seed phrase, you will see all the addresses empty because it is a new wallet.

OP is asking if it’s recommended to create new seed phrase rather than importing seed phrase on different wallets and yes it is recommended to because you never can tell how the old seed phrase was generated.

Frankolala

hero member

Activity: 896

Merit: 586

Leading Crypto Sports Betting & Casino Platform

Your 12 word seed phrase is what gives you the ownership of that wallet and that is why it is said that you don't expose your private keys to third party if not they can be in control of your wallet because they will have full control of the wallet. So if you import your seed phrase to another wallet, you don't need a new seed phrase, because you are not creating a new wallet but only importing the wallet that you already have to another wallet, so that you can control your old wallet on the new one as the same wallet.

It is in that your wallet that you have funds in, if you create a new seed phrase, you will see all the addresses empty because it is a new wallet.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

1. It's probably better to create a new seed phrase in this case yes, and then send the funds to the new wallet.

2. No need to generate anything new in this case. "Sweeping" basically means sending the funds from your Paper wallet to your electrum wallet as you normally would. So unless your Electrum wallet has been compromised, there's is no need for you to create another one, just because you sweeped funds to it.

joe1234

member

Activity: 82

Merit: 33

Hello,

1.
Is it recommended to generate a new seed after importing funds (with the help of the 12 word phrase from BRD wallet)
to Electurm?

2.
The same, if funds from a paper wallet are sweeped to Electrum?

Thank you!

Topic: generate new seed after sweeping fund to Electrum recommended (Read 83 times)