Topic: Same private key with Armory and HW wallet (Read 145 times)
Ok, thank you for the advice.
Hopefully soon Armory will support BIP39 seeds
You should wait for that imo.
I was wondering if there is any reason I should NOT do this.
Take my private key, which I use in a different HW wallet and have it also in Armory, so that I can make use of the advantages of the other wallet along with Armory's backup and advanced features.
The specific scenario would be this:
-take the mnemonic seed from a backup of hardware wallet
-load that mnemonic seed into electrum or bitcoin core on an offline computer
-extract the same private key from electrum or bitcoin core (so that I have a format that Armory will understand)
-load the private key into Armory also in the offline computer
-then export the watch only Armory wallet into an online computer with Armory
If I am correct, this will allow me to:
-use either the hardware wallet or Armory to send, receive or cold storage
-I will have a fully node validating my transactions, which I do not currently have with the HW wallet
-I will have all kinds of fragmented, multisig, encrypted backups from Armory
Hopefully soon Armory will support BIP39 seeds
Take my private key, which I use in a different HW wallet and have it also in Armory, so that I can make use of the advantages of the other wallet along with Armory's backup and advanced features.
The specific scenario would be this:
-take the mnemonic seed from a backup of hardware wallet
-load that mnemonic seed into electrum or bitcoin core on an offline computer
-extract the same private key from electrum or bitcoin core (so that I have a format that Armory will understand)
-load the private key into Armory also in the offline computer
-then export the watch only Armory wallet into an online computer with Armory
If I am correct, this will allow me to:
-use either the hardware wallet or Armory to send, receive or cold storage
-I will have a fully node validating my transactions, which I do not currently have with the HW wallet
-I will have all kinds of fragmented, multisig, encrypted backups from Armory
Hopefully soon Armory will support BIP39 seeds
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