Simply getting began with crypto, and as per some advices I learn, a {hardware} pockets is the best way to go for bullet proof safety from malicious actors. After some analysis, suppose I’ll go together with the Trezor mannequin one as an economical possibility. (Suggestion on any cheaper possibility, that doesn’t compromise on the safety, is welcome)
However, as a newbie, I’ve just a few questions pertaining to totally different situations
Situation 1
The {hardware} is misplaced, however I retain the seed phrase (mixture of 40 phrases, proper?). What is the actual course of to get well my bitcoins? Merely shopping for one other trezor one?
Situation 2
Now suppose, along with the above situation ({hardware} misplaced, retaining seed phrase), someway, the corporate Trezor went bankrupt as effectively, i.e. their merchandise aren’t out there. What then? Will any {hardware} pockets work with the identical seed phrase? And do I essentially want a {hardware} pockets?
Situation 3
The {hardware} is stolen. Does it have any safety in place to no less than make it tough for the thief to spend the cash? Can I lock/destroy (I imply contents in it) it remotely (like, how I can lock my iPhone whether it is stolen)?
Lastly, if I’m in possession of the pockets, and the seed phrase, can I do one thing like a manufacturing facility reset of the pockets, i.e. restoring it to the identical state when it was delivered and producing a brand new seed, once more, like I can do on a smartphone? I do know the funds inside (if any), shall be misplaced, however simply questioning whether it is doable.