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If I knew that I could always recover my money with my seed, then I wouldn't be afraid to try out the trezor.

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Yes, you can always recover your money with the 24 word seed. If your Trezor somehow gets broken, you can get a new one and import the "old" 24 word seed into the new one.

Alternatively, if the firmware somehow becomes incompatible, you can convert your Trezor 24 word seed to a 25 word seed compatible with monero-wallet-cli using this guide. Thus, after conversion, you'd be able to restore your coins with the monero-wallet-cli using the following command:

Linux and Mac OS X

./monero-wallet-cli --restore-deterministic-wallet

This should be done from the terminal from the directory of monero-wallet-cli itself.

Windows:

monero-wallet-cli.exe --restore-deterministic-wallet

This should be done from the command window from the directory of monero-wallet-cli itself.

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  • Can you elaborate on the BIP39 seedphrase => Monero "Electrum" seedphrase conversion? They use different dictionaries, no?
    – Jonathan Cross
    Jun 17 '20 at 15:59
  • Yes, they use different dictionaries (and by extension, seed standards). Hence, it needs to be converted in order to be restored 'normally' in the Monero software.
    – dEBRUYNE ♦
    Jun 18 '20 at 7:52
  • Thanks for the reply. The guide you linked to doesn't seem to be a conversion process really but rather @kenshi84 guessing that it might work without conversion based on number of words. Now that we know they are different dictionaries, this doesn't seem possible. Am I missing something?
    – Jonathan Cross
    Jun 18 '20 at 19:40
  • NoodleDoodle's tool actually converted the Trezor 24 word mnemonic seed to a generic / standard 25 word Monero mnemonic seed. Thus, it is definitely possible to transform the seed. Unfortunately, I don't think the code was ever published / open-sourced.
    – dEBRUYNE ♦
    Jun 18 '20 at 20:03
  • Thanks for clarifying (I was looking at the answer below yours). Seems NoodleDoodle's tool has been deleted from GitHub and Mega and the official trezorctl hasn't implemented such a seed phrase conversion tool unfortunatly. Guess I'll keep researching.
    – Jonathan Cross
    Jun 18 '20 at 23:26

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