I am new to bitcoin and I am confused about wallet, private key, seed etc.. my aim is to buy bitcoin and HODL for life.
I currently only have 2 wallets on my phone (blockchain app and electrum) and I have written down the 12 seed phrases for them. If I were to format or buy new phone now and reinstall those 2 wallets, is it true that I still can access my wallet with my email and 12 seed phrases and able to see my bitcoin address and btc right? I do not have wallet for pc desktop.
That's a good idea, what if your phone accidentally lost? So you got back up and you have another one. Don't save it on your pc desktop it's risky and it's vulnerable for virus. Mobile phone is safe than desktop