Post
Topic
Board Hardware wallets
Re: Giving up on the Trezor soon.
by
NoBit
on 25/06/2015, 16:23:45 UTC
My understanding is that you need to put your recovery seed into electrum in order for it to display your wallet. My understanding is also that if you have a trezor device, then all you need to recover your private keys is your recovery seed. Although I do not have a trezor personally so there may be an additional step required to recover access to your private keys.
I don't think this is how Electrum works with Trezor. I set my existing Trezor up with Electrum a few months ago, but from what I recall all I needed to do was create a new Trezor wallet within Electrum, and then Electrum asks for the user's passphrase or PIN, and then you can see all the balances on the Trezor accounts. So no recovery seed is needed to setup a Trezor with Electrum.
You may be using a newer version of electrum. A few months ago I was helping the OP with a problem with his trezor, was given the recovery seed and was asked for the seed to setup the electrum wallet. IIRC, I was using 1.8 or 1.9 at the time. I would need to double check if this is still the case with 2.2
That's a very possible reason. I've been using Electrum 2.1.1 for awhile now, but IIRC I setup the wallet on Electrum 2.0. It would definitely be nice if they had fixed that problem, because having to enter a recovery seed to spend funds every time sort of defeats the purpose of using the Trezor as a secure bitcoin wallet.
You would only need to enter the recovery seed the first time you setup the wallet, however I don't think most people would use a strong password to protect the seed because they would think that the funds are sufficiently protected by the trezor.

You don't need the recovering seed when using newest version of electrum + trezor. Only the PIN.