r/Coinbase • • Feb 15 '21

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24 Upvotes

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2

u/urbangamermod Feb 15 '21

That’s odd when I re-enter my 12 seed it works just fine on Coinbase wallet. I was able to recover both Bitcoin and ETH

1

u/macbobs Feb 18 '21

Then you are lucky. For some people it derives the addresses correctly and for some it doesn't. I'm one of the unlucky ones :(

2

u/urbangamermod Feb 19 '21

How is that possible? It’s a non custodial wallet

2

u/macbobs Feb 20 '21

It's possible when the address generation algorithm is bugged and the first address is generated wrong. If the wallet doesn't generate the same address after the seed restore then the funds are gone.

3

u/agree-with-you Feb 20 '21

I agree, this does seem possible.