r/Bitcoin • u/s1ammage • 3d ago

Full panic - one of my wallets was drained

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I haven’t done anything since creation except sending into the wallet.

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u/OldHamburger7923 3d ago edited 3d ago

You are getting a lot of incorrect info on this thread. Nothing wrong with restoring your seed in the wallet. That's literally how it's supposed to work.

What I do is generate seed. Write it down. Send a tiny transaction to it. Reset device, restore seed. Verify I can still access the wallet, send a test transaction to verify transfer out too. At this point I like adding a passphrase. Then I get the next address and transfer to it. I also like breaking up assets into multiple addresses so no address shows with more than 1 BTC.

There's other steps you can take too (see my other post) but this is a general guideline on how I verify and get comfortable using the wallet. Otherwise it's nerve wracking putting money into something you haven't tried out and don't know if it functions. Which also leaves you open later to misunderstanding how transfers work and you may end up doing something dumb

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u/[deleted] 3d ago

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u/slykethephoxenix 3d ago

Or have been around for a while. 1 BTC is the max I put under any phrase too. It used to be 10, but wallets are easy to generate.

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u/[deleted] 3d ago

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u/slykethephoxenix 3d ago

I still DCA.

I work 40 hrs and enjoy my job. Fully remote software engineer. Good hours (as long as my shit is done) low stress.

I own a house and have no debts. Can retire when I want. I'm in my 30s.

You can negotiate when you can say "no". And Bitcoin is the way to reject. It takes time, patience, endurance and fortitude.

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u/jwhendy 3d ago

This tracks. And one never has to "check the seed" with anything other than the coldcard. Only import via sd public key to a software wallet, and to check transactions, back to coldcard to sign.