Topic: How to recover wallet with seed phrase? (Read 323 times)

I don't have a step-by-step guide for your specific scenario but this guide might help you: https://www.whatisbitcoin.com/security/recover-your-bitcoin-wallet

You cannot recover a bitcoin wallet with Coinbase and they're the absolute worst service in the world so please delete Coinbase and forget they even exist. 

I would use your Ledger with Sparrow Wallet to recover your wallet. I think that is your best option. Ledger live is what's preventing you from generating your own seed phrase. You should be able to recover using an existing seed phrase somewhere in your device but you might need to use Sparrow Wallet as your client software.

Let me know if you need any more specific help.

Ledger wallet has its history with many hacks and data leaks.

It's named as Ledger Recover. [1]

It breaks many basic and vital things that are reasons people want to use non custodial wallets. They choose non custodial wallets to have full access and control of wallet mnemonic seed and private key, as well as full control on their wallet back up and recovery.

Ledger Recover breaks all of these vital points.

[1] https://shop.ledger.com/pages/ledger-recover

How to back up a seed phrase?
Ledger Recover: What The Hell is Happening? With aantonop and lopp.

I advise to stay away from Ledger hardware wallets, too. Their firmware is closed-source and nobody except Ledger knows what this firmware can do and what actions can be triggered by any software able to communicate with a Ledger hardware wallet.

Ledger Live is known to be crappy here and there and I don't expect this piece of software shit to be designed with security as top priority.

Ledger offers a subscription service that extracts your wallet's secrets and shares it with affiliated companies to offer a convenient and expensive wallet backup service. With that they lie about one of their early marketing key points that your wallet's secrets can't be extracted from the hardware device.

And Ledger uses cheap and crappy hardware components, with lots of screen and battery issues reported. Enough of ranting about Ledger crap. I would've chosen a Trezor Safe 3 as a replacement or any other decent open-source firmware hardware wallet.

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When you setup a hardware wallet, you should backup your mnemonic recovery words and other details of your wallet AND practice a full recovery from scratch, otherwise you rely on hope to be able to recover your wallet and not on the proven fact of it.

For practice and to play and explore your new device's capabilities you can use Testnet bitcoins which should be available for free.

As others have said already, your coins are not stored in your hardware wallet, only the private keys are secured there which enable you to move your coins on the blockchain where they "live".

If you don't understand basic concepts of Bitcoin, hop to https://learnmeabitcoin.com and brush up your knowledge. Explore this wonderful learning ressource where you can go pretty deep down the Bitcoin rabbit hole.

STAY AWAY from Ledger Scam they are not safe anymore they can EXTRACT and SHARE your seed phrase with third party companies drop your Ledger in the trash

Actually if OP had observed very well after he finish installing the wallet the first option that would be displayed on the app will be either to create new wallet or already have an existing account, so perhaps it could be that the language was actually what got him confused because for someone who is not use to those kind of wallet he would be thinking that the option of existing account is only for those that already have an access to their account so that makes him go straight to the wallet creation but if perhaps it was written importation of seed phrase he would have understood better, so he shouldn't be worried about it because since he has the seed phrase the account is just active for him.

Exactly what I was thinking. I am aware that the hardware wallets do have setup options that enables it user to decide on how to gain personalized access to the hardware.

Definitely the OP must had got on the "Set-up new wallet account" on the default instead of the "Restore from the seed phrase".

I also don't think if that should be a panic to the OP. Perhaps... He can just go on reset where it is assumed you have formated the personalized entries and then take the right option on getting on it using the "Restore with wallet seed phrase".

A cold storage wallet must be a cold one, always, and an airgap device must be airgap all the time. If you have ever turned your cold wallet to hot one, connect your airgap device to Internet, they are no longer cold or airgap.

When there is no other choice, this option can be used but a next step must be used too. Sweeping all fund in that wallet to a new wallet, and abandon the used-to-be cold storage wallet.

Before sweeping, a test transaction with small amount is necessary if you are sweeping a very big fund.

Sweeping your private keys into Electrum.
How to add a Bitcoin address to Electrum / difference sweep and import private key.

You are giving very bad advice, because what is the point of having a hardware wallet, if at some point you will endanger everything by entering the generated seed into a desktop/mobile hot wallet? You will only do this if you do not have any other recovery option, and then you will be very careful to make sure that you have a device that is not infected with malware, then you will download the installation file of that wallet and verify the file before starting the installation.

Even with all of the above, it can always happen that you don't notice that you have a well-disguised keylogger waiting for you to type in some confidential information, and then unfortunately it's game over.

Yes, you're on point, when I imported my address I made it very clear and understanding, I made it known to anyone under me, that  if someone is import its wallet, for making your coins to protect your coin you have to transfer all the coins to the imported wallet, I have not make such mistake, because I feel that the wallet I imported is no longer safe for me to use, so I don't make such mistakes with me, this advice should go directly to people who import their wallet and still make use of same wallet, I think people that have not imported wallet before when they come across this thread they will comprehend more of advantages and disadvantages of importing wallet, because some have not know the implications and implications of not storing or saving their seed phrase.

If you want to import your wallet through either private key or mnemonic seed from one wallet brand to another brand, make sure after you done it, you need to move all your bitcoins to a completely new wallet.

Importing a wallet is a risky step so it's not good advice to always leave your fund in an old wallet, because you believe that a new wallet brand and its wallet software is good and won't steal your bitcoin with leaked private key or mnemonic seed through importing process.

When you already imported your wallet (either private key or mnemonic seed) to any system (what is a system here, a centralized platform or a wallet software, wallet extension), your wallet is supposedly gone and you have big risk to lose your bitcoin.

If you have a seed phrase keep it intact you don't need to create another account, what you need to do is to import the wallet, through  the seed phrase, many of us has lost our coins because of misunderstanding seed phrase, including me, I do trade and I have different wallet and different seed phrase, theirs a day I was in hurry and I decided to import one of my wallet through another system whereas all the seed phrase were with me, so it took me time to figure out the seed phrase of each because the seeds phrase of those wallet is from same domination,I have not used ledger, but I know that once you have your seed phrase intact and you want to import it, it will not redirect you to create new account.

Good to hear that your problem is solved, however you can also easily import your seed phrase in Electrum wallet and that way you can also access your Bitcoin without any issues. Since your issue is solved and that's why no such step is needed, and to do good for others I suggest you to lock this thread.

Bitcoin was never in Trezor wallet, this device was just used for signing transactions.
Coins are on blockchain, and with seed words you can recover to any supported wallet.
I would stay away from ledger and other closed source wallets.

Impossible to do, and it's terrible idea to keep any coins on centralized exchange and give them custody of your coins.

You didn't explain what happened with old Trezor, but new model Safe 3 has ok price.
There are other open source hardware wallets allternatives, Keystone, Bitbox02, Passport, Satochip, etc.

How to back up a seed phrase. This guide tells you that in your wallet backup procedure, there is a step to recover your wallet from a backup. When you already manage to recover your wallet from a backup, you can start funding that wallet.

Your issue is because you didn't know importance of this step or ignored it in the past.


Trezor
How to use a wallet backup (recovery seed)?

When hardware wallet stops working it can be very stressful especially if it has valuable cryptocurrency. But thankfully having seed phrase can save it. To get your Bitcoin back from Trezor wallet follow these steps. Use Ledger Live to restore your wallet and enter Trezor secret code  and transfer Bitcoin to your new Ledger wallet or Coinbase account. You can find easy to follow instructions online or ask Ledger support team for help. You do not need to buy new Trezor because seed phrase lets you access your funds. By the way this experience teaches us to learn how to recover our wallet and keep our secret codes safe.

That’s not what happened. The hardware wallet didn’t reject the seed or anything like that. He just chose the option to create a new wallet instead of restoring an old one.

This is indeed the right thing to do as bitmover said but only if you are 100% certain your old seed is still secure and there is no chance it would’ve been compromized. If in doubt, better create a new wallet then send all your coins to it.

This is the best way to solve this.

Reser ledger and enter the seed in the device. You don't even need ledger live. Just install electrum and the right derivation path to see your coins.

Never seen it happened where a wallet would reject a wallet account with the correct seed phrase for recovering access and instead it's referring you to create a new account.
I think you either did the wrong operation with the newly bought ledger wallet.
You can as well try to do factory resetting of the ledger wallet and try again and make sure you're calm doing it so that you can give it a better input.

OK I figured it out.  I just wiped the Ledger to factory settings and then recreated the account from there.

Thanks for the help to all.

I'll prefer you get a new Trezor hardware wallet if you can. That's because ledger for so many reasons can't be used as a trusted hardware wallet any more as they no longer have that only feature that makes a wallet to be called a hardware wallet and that's ''storing your keys offline''. They now support cloud recovery..

But then if you don't want to bother about buying a new hardware wallet, you can just create a cold storage using electrum as suggested by other users... You might also want to check this link to see how to set it up using an offline device..  the procedures are self explanatory so just try to follow..
https://bitcoinelectrum.com/creating-a-cold-storage-wallet-in-electrum/

Just make sure you keep your seedphrase offline and don't go about putting it in just any software wallet and also make sure to use standard open source wallets like electrum and offline..