Newbie questions :)

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First I would like to thank everyone on this sub for sharing all their knowledge about bitcoin 🙂
But I have some questions that I couldn't find an answer to.

  1. If I would use my 12 word seed for some reason, do I need to create a new one after that or can it be used multiple times?

  2. If I buy a new phone and use my seed to restore my wallet on it, what happens to the old wallet on my old phone?

  3. I use Mycelium on my android phone right now, but now when breadwallet is available on android, is that more recommended because of the security? (Maybe Mycelium will get hardware encryption too?)

  4. I think I will use Kraken to buy bitcoins but is it regarded safe to have a couple of hundred € on my Kraken account incase there's a dip in bitcoin price?

I hope someone can take the time to answer my questions

submitted by /u/_Mr_Vr_
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1 Bitcoins

Bitcoin News and Search

1 News - 247 News - 247 Bitcoin - 1 Search


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