I've had two CoolBit X wallets go on the fritz ( my fault, I didn't charge them). But I don't want to buy another one. Any reason I can't recover the wallet onto a Ledger Nano S? I got the following off their website, but not totally sure what it means:
All the seeds generated from the CoolWallet (Number / Word) adhere to the BIP-39 protocol.
CoolWallet is an HD (Hierarchical Deterministic) wallet that uses the BIP44 derivation path to derive the public keys. Then we use BIP-141 (SegWit) to convert the public key to a SegWit address. Thus, your SegWit accounts (BTC/LTC) may not be detected when you recover the seed on BIP49 supported wallets or vice versa.
If the 3rd party wallet, supports the same protocol as the CoolWallet, then wallet data can be recovered interchangeably using the same seed.
Thanks for your help!