I just bought a Trezor Model T last month to store my Bitcoins, and now I am interested in buying some Moneros, too. But before I do that, I need to know whether I can store both at once on my Model T wallet. If I try to install the Monero GUI using the 'Create a new wallet from hardware' option, will that somehow overwrite my Bitcoins? Will I still be able to see/access both my Bitcoins and Moneros once I have the Monero GUI set up? Are there any other related issues or hazards I should be aware of? Thanks in advance for your help ... DS
1 Answer
You can safely use and store Bitcoin and Monero simultaneously with your Trezor model T device.
If I try to install the Monero GUI using the 'Create a new wallet from hardware' option, will that somehow overwrite my Bitcoins?
No. The Trezor Model T, upon initializing the device, essentially provides a 'master' mnemonic seed that is valid for both Monero and Bitcoin.
Will I still be able to see/access both my Bitcoins and Moneros once I have the Monero GUI set up?
Yes. Setting up the Monero GUI in conjunction with the Trezor Model T will not affect your Bitcoin (or any other coin for that matter) holdings on the Trezor device.
Are there any other related issues or hazards I should be aware of?
It is advised to diligently read the guide:
How do I generate a Trezor Monero wallet with the GUI (monero-wallet-gui)?
And evidently, it is imperative to properly and safely back up your Trezor mnemonic seed.
answered Jan 20, 2021 at 16:57
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Not sure if I should start a new thread, but perhaps you can answer this question too: if install the Monero GUI on a second computer of mine as well, will that cause any problems with the Trezor wallet? Can I still use the 'Create a new wallet from hardware' option a second time when installing the GUI on the new computer? Commented Jan 21, 2021 at 21:44
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Yes, you can simply replicate the Trezor Monero wallet on the second system.– dEBRUYNECommented Jan 22, 2021 at 8:26