Post
Topic
Board Bitcoin Discussion
Re: blockchain DeFi wallet
by
hugeblack
on 28/10/2023, 11:09:44 UTC

is this type of false marketing to give fake sense of security ? since i got confused by their articles . my question if you put btc in regular blockchain wallet without moving it to Defi address your are way less secured ?  by Blockchain.com Account they mean verified account only or unverified too ?

just in case blockchain.com is down or hacked , can you still have access to DeFi wallet balance with 12-word Recovery Phrase only ? and how you will be able to complete recovery into other wallet without a file ?

sorry for the noob question .
Blockchain.com is a buggy wallet their programming is limited and may cause you to lose your money, so it is better to search for an open source and safer alternative. I suggest you use ---> https://www.myetherwallet.com/ as it is better and safer.

Regarding the possibility of extracting the private key, you need:

 - Write down the seeds and keep them in a safe place
 - Go to ----> https://github.com/iancoleman/bip39 and download the wallet contents manually.
 - Go to a computer with open source code that is not connected to the Internet and run the page.
 - in the fields called "BIP39 Mnemonic" Paste the seeds.
 - Search using balance.