user132282: So I have some funds on an blockchain.com wallet. Actually it's multiple wallets (some ETH, some BTC)
I followed the backup procedure and wrote 12 English words on a sheet of paper.
There is an answer about password recovery but it still needs the company to be existent.
Will there a way to recover the wallets from those passwords or is this just a fancy way of password recovery?
If not, what's a better way to backup the wallets?
EDIT: If found some background about how it seems to work.
It seems to work using BIP44 / BIP39. But this leads to more questions:

Is this only working for my bitcoin wallet, not for ETH?
Is also the wallet address encoded in the words or only the passphrase?


user132282: I tried it. It works independent from the company.
I downloaded the exodus client and was able to restore my wallet there.
The only risk with a web-wallet like blockchain.com is, that the company could theoretically access to funds and withdraw them from my wallet, if they go bankrupt.
So it seems a better approach for use an offline wallet and transfer the funds to a new exodus wallet or something similar.

132282: <p>So I have some funds on an blockchain.com wallet. Actually it's multiple wallets (some ETH, some BTC)</p>
<p>I followed <a href="https://support.blockchain.com/hc/en-us/articles/209564506-Make-a-Wallet-Backup" rel="nofollow noreferrer">the backup procedure</a> and wrote 12 English words on a sheet of paper.</p>
<p>There is <a href="https://bitcoin.stackexchange.com/questions/54586/how-can-i-recover-a-blockchain-info-wallet-from-a-17-word-phrase">an answer about password recovery</a> but it still needs the company to be existent.</p>
<p>Will there a way to recover the wallets from those passwords or is this just a fancy way of password recovery?
If not, what's a better way to backup the wallets?</p>
<p>EDIT: If found <a href="https://support.blockchain.com/hc/en-us/articles/115001298143-Your-Secret-Private-Key-Recovery-Phrase-The-Failsafe" rel="nofollow noreferrer">some background</a> about how it seems to work.
It seems to work using BIP44 / BIP39. But this leads to more questions:</p>
<ol>
<li>Is this only working for my bitcoin wallet, not for ETH?</li>
<li>Is also the wallet address encoded in the words or only the passphrase?</li>
</ol>
 132282: <p>I tried it. It works independent from the company.</p>
<p>I downloaded the exodus client and was able to restore my wallet there.</p>
<p>The only risk with a web-wallet like blockchain.com is, that the company could theoretically access to funds and withdraw them from my wallet, if they go bankrupt.</p>
<p>So it seems a better approach for use an offline wallet and transfer the funds to a new exodus wallet or something similar.</p>
