Post
Topic
Board Bitcoin Discussion
Re: Can I just delete my wallet and use my 12-word recovery key as my “storage”?
by
Schaeferness
on 29/06/2020, 17:31:53 UTC
The money is not in the wallet, it is in the blockchain.
The way to prove that this money is yours is by owning the private key for the address that you sent.
Some wallets manage multiple private keys and, instead of a set of private keys, give you a 12 word to access your currencies.
As long as you keep these wallet seeds out of sight and the way to generate them is sound, you are safe.