Can I use a third-party seed on CoolWallet?
We strongly advise our customers to avoid inputting a 3rd party seed into our CoolWallet for wallet migration as we are unable to guarantee the concealment of the 3rd party seed. The main reason for that is the device that stores the seed may have long been infiltrated.
CoolWallet is an HD (Hierarchical Deterministic) wallet that uses a variety of derivation paths to generate wallet addresses. All the seeds generated from the CoolWallet (Number / Word) adhere to the BIP39 & BIP44 protocol. If a 3rd party wallet supports the same protocols & derivation paths as the CoolWallet, then wallet data can be recovered interchangeably using the same seed.