Quote from: Miner2525 on December 10, 2017, 08:43:11 PM

Quote from: siaeae on October 24, 2017, 07:36:59 PM

Quote from: ETFbitcoin on May 17, 2017, 07:06:36 AM

You can restore all bitcoin address you have only with 12 word mnemonic, so it's not necessary to backup all the private keys. You better make sure to backup/remember those 12 words instead.
But, backup the private keys if you still feel anxious Roll Eyes

Hello, can you give an example of a situation when BTC owner MUST have private keys? In other words, a situation when 12-word recovery phrase won't be sufficient?

For forks. Not all seed-protected wallets support exporting private keys, e.g. Ledger Nano S.

With the seed, you can still generate all the private keys that the Ledger Nano S will ever use.