How to Safely Migrate from a Hardware Wallet

🔐Take control of your assets by using alternative software and wallets that offer more flexibility and security.

⚙️Set up a new hardware wallet and learn how to use it. Import it into Sparrow Wallet and experiment with its features.

💰Create a hot wallet in Sparrow Wallet and transfer your funds from the old device to increase your privacy.

🔁Move your funds from the hot wallet through a coin join for added privacy and security.

🗝️Transfer the funds from the coin join to your new hardware wallet in an automated manner for a seamless migration process.

Can I use alternative software with my current hardware wallet?

—Yes, you can use alternative software like Sparrow Wallet alongside your current hardware wallet to gain more control and flexibility.

Is it necessary to create a hot wallet?

—Creating a hot wallet in Sparrow Wallet allows you to transfer your funds from the old device and increase your privacy. However, if privacy is not a concern, you can skip this step.

What is a coin join?

—A coin join is a technique that combines multiple transactions together, making it difficult to trace individual transactions and providing enhanced privacy and security.

Do I need to manually transfer funds from the coin join to the new hardware wallet?

—No, you can automate the transfer process from the coin join to the new hardware wallet for a seamless and secure migration.

What if I can't afford a new hardware wallet immediately?

—If you can't afford a new hardware wallet right away, consider using your current device with alternative software like Sparrow Wallet for added security and control.

00:00Introduction to the need for securely migrating funds from one hardware wallet to another.

01:36Steps to follow if you can't afford a new hardware wallet immediately and alternative software options.

03:15Setting up a new hardware wallet and importing it into Sparrow Wallet for experimentation.

04:40Creating a hot wallet in Sparrow Wallet to transfer funds from the old device and increase privacy.

07:46Moving funds from the hot wallet through a coin join for added privacy and security.

10:44Automating the transfer of funds from the coin join to the new hardware wallet for a seamless migration process.

13:49Using alternative software and wallets to reduce reliance on proprietary apps and maintain control over your funds.