this post was submitted on 27 Nov 2023
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Yes , i have a ledger . It will allow me to have a 24 seed and one with a 25th/paraphrase , but no more. I want to manage wallets for my kids and would prefer to be able to do this with the same 24 seed and just different passphrases.
Looks like i will just have to buy another ledger for every 2 accounts i want?
You can generate any number of seeds from one ledger. Not practical since you have to restore it when you want access but doeable. Just store the seeds properly.
I that case why don’t you keep it simple and create multiple accounts derived from one seed in Ledger Live?
Yeah probably having a separate seed for each kid is more convenient as you can give them it later, but I think it’s overcomplicated. In my opinion it’s better to manage all crypto with one seed and put them into different accounts in Ledger Live for the time being.
There is no need to keep track of multiple seeds and protect them. I would even advise against it. Keep it simple. In the future you can get your kids their own hardware wallets or whatever we will have at that time, set it up, send crypto to their new wallets and give them as a present.
SafePal Wallet may be what you are looking for, it has a software and a hardware version.
Wait, you can use any passphrase you want. It doesn’t allow you to use two different passphrase associated to different PINS?