Post
Topic
Board Hardware wallets
Re: [ESHOP launched] Trezor: Bitcoin hardware wallet
by
randomguy7
on 21/06/2015, 12:12:19 UTC
Hey all, I just got a trezor and have a question.

Initially set it up w/ only PIN protection. If I enable password protection and leave some funds in the 'non password protected' accounts as well as the newly created 'password protected account'....

How does the recovery process work in this case? When doing the seed recovery process would I check the box 'password encrypted'(or w/e it is) ... if so would this restore both my 'non password protected' & 'password protected' accounts?(even tho the 'non password protected' accounts have no password?)

You should be able to use both "wallets" in parallel (or rather alternatingly) without using the restore process in between. Depending on which pw you use (empty or "something"), a different wallet is loaded. I don't know exactly how it works with myTrezor (I use electrum), but entering a different password (or no password) should do the trick.

Maybe someone who is doing this with myTrezor could chip in?

It doesn't matter if you set 'password encrypted' during recovery, you can change it later after recovery to access your password protected funds. The password function disabled technically is like entering an empty password so you can only access those funds while you have the feature disabled. Enable the feature and your other funds get accessible with the correct password.

tl-dr: yes it works, it will restore both (all) accounts.