One of the risks of owning a hardware wallet is that it could get lost or stollen. In case this happened to you you can always use your recovery seed in order to move your Bitcoins into a different wallet. In this short post I will explain how to recover your Bitcoins using your recovery seed using MultiBit HD. This guide is also available for the Copy wallet here.
Step 1 – Install MultiBit HD on your machine
Go to MultiBit’s homepage and install the desktop wallet according to your OS. If you already have Multibit HD installed on your machine make sure you have your recovery seed for that wallet written down before restoring your TREZOR seed.
Step 2 – Choose “Restore a wallet”
Run the MultiBit HD wallet and after start up choose “Restore a wallet” from the menu as shown below
Step 3 – Type in your recovery seed
Now you will need to type in your recovery seed exactly as it was given to you. Make sure to include spaces between words and double check that you don’t have any typos.
Once you’re finished click “next”.
If you’ve typed in everything correctly you will now be able to see your Bitcoin balance on your Multibit HD wallet. If you don’t see the balance restart the process from scratch and make sure you didn’t have any mistakes when typing in the recovery seed.
Once the balance shows up on Multibit HD you can now move it to cold storage again. The TREZOR recovery seed should be considered insecure and a new recovery seed should be created.