recovery phrase | Bitcointalksearch.org

YinShuiSiYuan

hero member

Activity: 1680

Merit: 505

Quote from: Mike Mayor on October 15, 2017, 06:59:27 PM

Yes you should never delete a wallet. Satoshi says so. Maybe coins are sent there accidentally and be you don't have access anymore? Or if there is an airdrop or something.

Also usng blockchain.info is fine. I wouldn't store my life savings in it though. I use it as a spending wallet. For my main savings wallet I use none other than electrum, best wallet ever made.

Using online wallet never is recommended, to use it only if you need it. The only one online wallet i trust is Coinbase, but it still is not 100%.
I also recommend Electrum as good desktop wallet. Another good and very user friendly desktop wallet is Exodus.

Mike Mayor

hero member

Activity: 966

Merit: 535

Yes you should never delete a wallet. Satoshi says so. Maybe coins are sent there accidentally and be you don't have access anymore? Or if there is an airdrop or something.

Also usng blockchain.info is fine. I wouldn't store my life savings in it though. I use it as a spending wallet. For my main savings wallet I use none other than electrum, best wallet ever made.

coinspam

newbie

Activity: 56

Merit: 0

Quote from: 4chains on October 10, 2017, 03:30:33 PM

Is there any reason to keep the recovery phrase of an empty blockchain wallet?

Not really, unless you want to use that wallet again in the future.

loragean03

full member

Activity: 403

Merit: 100

Quote from: 4chains on October 10, 2017, 03:30:33 PM

Is there any reason to keep the recovery phrase of an empty blockchain wallet?

Is this a joke? Obviously there's no reason to keep that recovery phrase in a empty block chain wallet, unless you gonna use this wallet again in the future. There are so many reasons why we do have more than one wallet. For me I'm keeping 4 different types of Wallet with recovery phases 3 of that wallets are empty. But I decide it to use in the future for more reason.

xskl0

sr. member

Activity: 378

Merit: 260

Bitcoin SV is Bitcoin

Quote from: 4chains on October 10, 2017, 03:30:33 PM

Is there any reason to keep the recovery phrase of an empty blockchain wallet?

No, just know that you will lose acces
Just check if you have Bitcoin Cash and then throw it

YinShuiSiYuan

hero member

Activity: 1680

Merit: 505

Quote from: Bitfort on October 11, 2017, 05:52:02 PM

Quote from: YinShuiSiYuan on October 11, 2017, 05:37:27 PM

Quote from: Bitfort on October 11, 2017, 05:32:21 PM

Quote from: 4chains on October 10, 2017, 03:30:33 PM

Is there any reason to keep the recovery phrase of an empty blockchain wallet?

I depends.
e.g. If you would have mentioned some address from that wallet here and your account gets compromised you need to sign a message with that addreess to prove you are the original owner.
Not your case, just wanted you to know about.

Are you talking about blockchain..? I have a feeling that you are wrong and you are talking about account on Bitcointalk, and these are completely two different things ..

Yes I do.
Ï was pointing out that even though there are no funds. He could have use one of addresses to e.g. participate in some giveaway or w/e here (thus published his address).
And if his account gets hacked/compromised he needs to sign a message using this address to prove the original ownership.

Again. I'm aware it's not his case ( as he is new here). I just wanted him to be aware this "alternative usage"

Oh. Ok. Now i got it

Anyway we should to start from saying that accounts on blockchain.info recently are targeted by hackers and nobody can explain how BTC disappears from their accounts .. I recommend not using this service to hold BTC online - even for few hours.

Bitfort

sr. member

Activity: 952

Merit: 339

invest trade and gamble wisely

Quote from: YinShuiSiYuan on October 11, 2017, 05:37:27 PM

Quote from: Bitfort on October 11, 2017, 05:32:21 PM

Quote from: 4chains on October 10, 2017, 03:30:33 PM

Is there any reason to keep the recovery phrase of an empty blockchain wallet?

I depends.
e.g. If you would have mentioned some address from that wallet here and your account gets compromised you need to sign a message with that addreess to prove you are the original owner.
Not your case, just wanted you to know about.

Are you talking about blockchain..? I have a feeling that you are wrong and you are talking about account on Bitcointalk, and these are completely two different things ..

Yes I do.
Ï was pointing out that even though there are no funds. He could have use one of addresses to e.g. participate in some giveaway or w/e here (thus published his address).
And if his account gets hacked/compromised he needs to sign a message using this address to prove the original ownership.

Again. I'm aware it's not his case ( as he is new here). I just wanted him to be aware this "alternative usage"

YinShuiSiYuan

hero member

Activity: 1680

Merit: 505

Quote from: Bitfort on October 11, 2017, 05:32:21 PM

Quote from: 4chains on October 10, 2017, 03:30:33 PM

Is there any reason to keep the recovery phrase of an empty blockchain wallet?

I depends.
e.g. If you would have mentioned some address from that wallet here and your account gets compromised you need to sign a message with that addreess to prove you are the original owner.
Not your case, just wanted you to know about.

Are you talking about blockchain..? I have a feeling that you are wrong and you are talking about account on Bitcointalk, and these are completely two different things ..

Bitfort

sr. member

Activity: 952

Merit: 339

invest trade and gamble wisely

Quote from: 4chains on October 10, 2017, 03:30:33 PM

Is there any reason to keep the recovery phrase of an empty blockchain wallet?

I depends.
e.g. If you would have mentioned some address from that wallet here and your account gets compromised you need to sign a message with that addreess to prove you are the original owner.
Not your case, just wanted you to know about.

YinShuiSiYuan

hero member

Activity: 1680

Merit: 505

Quote from: 4chains on October 10, 2017, 03:30:33 PM

Is there any reason to keep the recovery phrase of an empty blockchain wallet?

Every additional protection is good! Do not underestimate it!
If something unexpected happens, it may be the only way to recover your Bitcoins.

949miner

sr. member

Activity: 448

Merit: 250

Stake & Vote or Become a IoTeX Delegate!

I use a recovery phrase for my offline wallet, i have a few security layers on my wallet, because i dont want it to be hacked by someone who is just trying to steal my bitcoins.
But if you have less than 0.10 bitcoins, why would you have one? no one is going to steal that amount, it is so little, and probably hackers spend more amount of money in trying to steal those bitcoins.
So use it only if you know that you are in danger, or if you have a big amount of money.

TryNinja

legendary

Activity: 2758

Merit: 6830

No. You may create as many wallets/addresses as you want and don't save their private keys/backup seed.

The sole purpose of this information is to guarantee access to your wallet/address and its coins if there is any problems in the future or if you want to use them in another device. Since the wallet is empty, it doesn't matter.

buytheeffinD

full member

Activity: 266

Merit: 101

The revolutionary AI gaming ecosystem

Dont think so as nothing is there, that means nothing to protect. You could keep it for the off chance somebody transfers to the wrong wallet and you end up with a bit of coins. Other than that probably worthless I think

4chains

newbie

Activity: 1

Merit: 0

Is there any reason to keep the recovery phrase of an empty blockchain wallet?

Topic: recovery phrase (Read 506 times)