aantonop: Down the Rabbit Hole – How Do You Migrate From One Wallet to Another? Featured
00:32 The BIP39 Standard
1:16 Hierarchical Deterministic (HD)wallets
2:05 BIP43 & BIP44
2:48 The Bitcoin derivation path: m/44'/0'/0'
3:41 What if your wallet used an unusual derivation path?
3:55 What not to do if you lose your derivation path?
4:57 The Electrum wallet derivation path wizard
6:15 walletsrecovery.org
In this edition of Down the Rabbit Hole Andreas answers his own question... How can a new Bitcoin user migrate from one wallet to another?
A common problem that new Bitcoiners can run into is when trying to move funds from one wallet to another. If they have been using a wallet with slightly unusual configuration, when importing their seed to a new wallet, it can make it appear as if all their funds have gone missing! Here Andreas discusses why and how that happens and talks about a new tool that can help.
BIP 39: https://github.com/bitcoin/bips/blob/master/bip-0039.mediawiki
BIP 32: https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki
BIP 43: https://github.com/bitcoin/bips/blob/master/bip-0043.mediawiki
BIP 44: https://github.com/bitcoin/bips/blob/master/bip-0044.mediawiki
The Bitcoin derivation path: m/44'/0'/0'
Wallet Recovery site: https://walletsrecovery.org/
Run by J9Roem - Janine Romer and NVK - Rodolfo Novak
The Electrum pull request: https://github.com/spesmilo/electrum/pull/6219
By Luke Childs - https://github.com/lukechilds
This question is from the Patreon Q&A livestream, which took place on Jun 27, 2020. If you want early-access to talks and a chance to ask questions in the monthly live Q&As with Andreas, become a Community Builder on Patreon: https://www.patreon.com/aantonop
Related Videos:
Bitcoin Q&A: How do mnemonic seeds work? - https://youtu.be/wWCIQFNf_8g
Bonus Livestream Session - Security - https://youtu.be/P7IuPA26GGc
Learn more about becoming a Community Builder: https://patreon.com/aantonop
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