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Simply getting began with crypto, and as per some advices I learn, a {hardware} pockets is the way in which to go for bullet proof safety from malicious actors. After some analysis, suppose I’ll go along with the Trezor mannequin one as an economical choice. (Advice on any cheaper choice, that doesn’t compromise on the safety, is welcome)
However, as a newbie, I’ve a number of questions pertaining to completely different situations
State of affairs 1
The {hardware} is misplaced, however I retain the seed phrase (mixture of 40 phrases, proper?). What is the precise course of to get better my bitcoins? Merely shopping for one other trezor one?
State of affairs 2
Now suppose, along with the above state of affairs ({hardware} misplaced, retaining seed phrase), in some way, the corporate Trezor went bankrupt as effectively, i.e. their merchandise will not be obtainable. What then? Will any {hardware} pockets work with the identical seed phrase? And do I essentially want a {hardware} pockets?
State of affairs 3
The {hardware} is stolen. Does it have any safety in place to not less than make it tough for the thief to spend the cash? Can I lock/destroy (I imply contents in it) it remotely (like, how I can lock my iPhone whether it is stolen)?
Lastly, if I’m in possession of the pockets, and the seed phrase, can I do one thing like a manufacturing unit reset of the pockets, i.e. restoring it to the identical state when it was delivered and producing a brand new seed, once more, like I can do on a smartphone? I do know the funds inside (if any), will probably be misplaced, however simply questioning whether it is doable.
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