Bitcoin Forum

i followed the sparrow guide to add my ledger nano S in Sparrow via import Keystores - when I do the derviation in sparrow shows m/84'/0'/0' but in ledger live under "advanced" for my bitcoin account I can see 49'/0'/0'/0/11


i tried to add up to 10 accounts in sparrow via the "add account" option but none of them shows the balance i have in Ledger Live on my bitcoin account..

can anyone help?

The derivation used in your sparrow wallet (m/84'/0'/0') is known as BIP 84 ( generates bc1addresses) and the one you are using on Ledger Live is BIP 49 (49'/0'/0') that generates addresses starting with 3... While bc1 addresses are Native Segwit (P2WPKH) , addresses starting with 3 are Nested Seqwit (P2WPKH-P2SH).

While setting up your Sparrow Wallet in the new wallet menu have you selected "P2WPKH-P2SH" for the script type? This is the menu that appears right before you have to click on “Connected Hardware Wallet”.

As a note, if you are interested in learning more about how derivation paths work this[1] is a great resource to read.

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[1]https://learnmeabitcoin.com/technical/derivation-paths#bip-49-m490000 (https://learnmeabitcoin.com/technical/derivation-paths#bip-49-m490000)

This is the right answer. You want to Sparrow to create a keystore at m/49'/0'/0', using the default account. It will then generate addresses starting at m/49'/0'/0'/0/0, meaning the address you see in Ledger Live at the derivation path you gave will be the 12th address in the wallet.

that was it. thanks guys!