Here is the process I have been doing to try to recover my wallet
1 - Wipe the device
2- Go to trezor.io/start
3- Click on recover wallet
4- Click on 24 words
up to this point I have no errors so I am doing this correctly... I think
Yes, that is the standard recovery method using your 24 words..
Here is where I need help with, on step #5 below. I used a passphrase and a pin number to encrypt my account when I originally set up my Trezor wallet. I know what the passphrase is, I am sure. It appears here might be the issue because from what I read on line even if I am successful in entering the 24 words for the recovery if I do not use the correct passphrase that I configured with the wallet I will be just creating new wallets each time and will not recover my original wallet with my cryptocurrency.
That is correct... when you use the "passphrase" functionality, you are effectively adding a "25th word"... this "extra word" results in the wallet generating a completely different seed, from which it will logically generate a complete different set of private keys and addresses (ie. a different wallet).
Note: It could actually be a sentence or multiple words rather than a single word... "25th
word" is just used for convenience.
5- Click on "I used passphrase before" click no this only if.....
My questions to you is:
1) If I configured a passphrase when I originally setup my wallet as I go through the recovery of my wallet on step #5 do I click on "I used a passphrase before"?
Yes
2) If I enter in the wrong passphrase does it just keep creating a new wallet each time?
Your 24 words + passphraseA = WalletA
Your 24 words + passphraseB = WalletB
...
Your 24 words + passphraseX = WalletX
So, if you enter the
same "wrong passphrase"... you will generate the
same "wrong wallet"
3) Why in this process if I enter in the wrong passphrase does it not just say wrong passphrase and the process does not let me create a new wallet?
ANY passphrase used will generate a
valid seed and therefore a
valid wallet... it might not be the wallet you want, but it will be
valid. Therefore, there is simply no way that any wallet software would be able to determine if your passphrase is
wrong.
4) If I have the original transfer information from the Exchange I purchased the Cryptocurrency and then transferred it from. Is there a a manual way to recover the Cryptocurrency? For example I have the Date/Amount/TXID:/Address:
Using that information alone, the answer is NO. The only way to recovery that cryptocurrency, is to have the appropriate private keys... the only way to get those private keys is to restore your Trezor.
Using some of that information (ie. the address in your Trezor that you sent the funds to) + your 24 words + What you believe your passphrase is +
LOTS of time... you might be able to discover what your passphrase was using some "brute force" methods using tools like "btcrecover"... However, it isn't very likely unless your passphrase is VERY simplistic (ie. less than 8 characters and only numbers/letters)... Anything longer or more complicated than that, and your chances of recovery go from very very very small to nonexistent