Wednesday, 11 November 2020

hidden private keys

I was going through the articles at bitcoin.org and I found the following paragraph:

Backup your entire wallet

Some wallets use many hidden private keys internally. If you only have a backup of the private keys for your visible Bitcoin addresses, you might not be able to recover a great part of your funds with your backup.

https://bitcoin.org/en/secure-your-wallet#everyday

I thought the only thing you have to do is remember your private keys, is this only a ledger thing? What about bitbox02 and coldcard? Could I lose my funds if I don't make a backup? if that's the case, what kind of backup would I need to make?

submitted by /u/trakatan
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