Crypto Wallets, Backup, & Recovery: What is a Crypto Wallet Derivation Path?



A simple backup of your cryptowallet seed or key might not be enough to keep you out of crypto wallet trouble. This is because different wallets use different “derivation paths”. So what is a derivation path? How is it different from a wallet seed? What do you need to know about them to maintain access to your funds?

The Bitcoin BIP43 & BIP44 standard derivation path: m/44’/0’/0’/0
Links:

0:00 What is a derivation path?
4:24 The BIP43 and BIP44 standard
7:45 One great option
8:28 Other options


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40 thoughts on “Crypto Wallets, Backup, & Recovery: What is a Crypto Wallet Derivation Path?

  • January 24, 2022 at 10:49 pm
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    You explain so well, everything is clear now. Thanks

    Reply
  • January 24, 2022 at 10:49 pm
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    Best explanation so far for this topic. Thanks!

    Reply
  • January 24, 2022 at 10:49 pm
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    I need the derivation path of pancakeswap token bep20 on my trustwallet. I sent my safemoon tokens to my pancakeswap token adress by mistake…:(

    Reply
  • January 24, 2022 at 10:49 pm
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    Thank you fren!!!

    Reply
  • January 24, 2022 at 10:49 pm
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    Thank you andreas

    Reply
  • January 24, 2022 at 10:49 pm
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    @aantonop

    This has happened to me on Coinbase Wallet can you help me?

    Reply
  • January 24, 2022 at 10:49 pm
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  • January 24, 2022 at 10:49 pm
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    After going through heel from the hands of scammer I finally meet freak_geniuss on iG who fix my unbanned bitcoin wallet permanently✔️

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  • January 24, 2022 at 10:49 pm
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    pèen.tools on IG helped me with mine also.

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  • January 24, 2022 at 10:49 pm
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  • January 24, 2022 at 10:49 pm
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    Thanks to everyone that recommended me to peęn.tools on IG he’s such a great hacker he got me 3 btc.

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  • January 24, 2022 at 10:49 pm
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    Thanks to everyone that recommended me to peėn.tools on IG he’s such a great hacker he got me 3 btc.

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  • January 24, 2022 at 10:49 pm
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    Thanks to everyone that recommended me to peėn.tools on IG he’s such a great hacker he got me 3 btc.

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  • January 24, 2022 at 10:49 pm
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    Wouldn't it be a best practise then to write down the derivation path together with the mnemonic phrase? No one seems to point that out.

    Reply
  • January 24, 2022 at 10:49 pm
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  • January 24, 2022 at 10:49 pm
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  • January 24, 2022 at 10:49 pm
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    I lost 5BTC to fake traders but luckily SPANTOOLS1 on ¶¦Nstagram was able to recover my bitcoin

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  • January 24, 2022 at 10:49 pm
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    I was scammed of 3btc just last week but thankfully i recovered almost everything back with helo from freddy_tools on IG. He's such an expert.

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  • January 24, 2022 at 10:49 pm
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    I was scammed of 3btc just last week but thankfully i recovered almost everything back with helo from freddy_tools on IG. He's such an expert.

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  • January 24, 2022 at 10:49 pm
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  • January 24, 2022 at 10:49 pm
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    Very interesting and important. Thank you Andreas

    Reply
  • January 24, 2022 at 10:49 pm
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    Kudos to you @hackerjung7 on telegram I got 5btc into my bitcoin wallet within 5minute

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