Post
Topic
Board Electrum
Re: Relationship between seed and xpriv
by
HCP
on 28/08/2018, 01:10:08 UTC
Quote
It is better if you move your bitcoins first before you go claiming shitcoins with the same private keys. This way your bitcoins are not at risk.

Of course. I always move them first. But they're still within the same xpriv.
Then you haven't "moved" them to a new seed/wallet... you've simply sent them to a new address.

The recommended process is to create a completely new seed, and then move the coins to an address on that new seed. The easiest way to achieve the new seed in Electrum is to simply create a new wallet and write down the new mnemonic.

However, your idea of "restoring" a new wallet with your current mnemonic and then adding the extension will work just as well to create a new seed (which gives a new xpriv)... not sure that's the most secure option tho, as you're effectively reducing your security down to however many characters in your extension, should a shitcoin wallet leak your mnemonic (like that "Electrum Plus" scam wallet was doing) Undecided Huh (assuming the attacker knows you are using mnemonic extensions of course Tongue)