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Author Topic: Can't access my money because of the derivation path  (Read 727 times)
paddyj
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November 09, 2021, 10:15:13 PM
 #61

I'm not sure if it helps, and I realize it's been a while, but I ran into a similar issue with the Coinbase Wallet app recently. My issue was specific to ETC, but I wouldn't be surprised at all if the same type of issue exists on other coins/wallets. I'm sharing in the hopes that perhaps it might provide you with some ideas on what might have gone wrong, and how you can potentially recover the funds.

A co-worker who's pretty new to crypto purchased a few thousand dollars worth of ETC and transferred it from Coinbase to his Coinbase Wallet. Whenever he tried to send the funds back to Coinbase it would error out and basically prevent him from doing anything. Coinbase support just told him to setup another wallet using his seed key (meaning another software app wallet) and he would be able to transfer his ETC. However, when he setup his wallet on another application all of his coins showed up except for the ETC.

THE FIX
I had him install Coinomi on his iPhone and restore his wallet. When setting up wallets in Coinomi you can change the derivation key for the coin you are setting up. According to Coinomi's own support articles ETH has a derivation path of M/44H/60H/0H/0 while ETC has a derivation path of M/44H/61H/0H/0. For some reason neither his ETH or ETC wallets restored by default. To get his ETH to show up, I had to add the /0 at the end of the derivation path. To finally get his ETC to show up, I had to use the ETH derivation path on his ETC wallet (M/44H/60H/0H/0). This made little  sense to me, but it worked and allowed him to send the coins back to Coinbase.

Anyway, good luck. I wish I could be of more help. Losing funds because Coinbase apparently can't code a decent wallet is bad for the crypto in general.
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nc50lc
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November 10, 2021, 03:06:51 AM
 #62

THE FIX
-snip-
Looks good.
However, the previously suggested "fixes" should work in his case if his seed phrase is correct because it's reproducible.
(Seed phrase to Electrum->select the correct address type, and the 1st address should be the same as Coinbase Wallet's)

Overall, it comes down to the possibility that he backed-up the wrong seed phrase.

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Folio (OP)
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January 08, 2022, 10:58:52 AM
 #63

I'm not sure if it helps, and I realize it's been a while, but I ran into a similar issue with the Coinbase Wallet app recently. My issue was specific to ETC, but I wouldn't be surprised at all if the same type of issue exists on other coins/wallets. I'm sharing in the hopes that perhaps it might provide you with some ideas on what might have gone wrong, and how you can potentially recover the funds.

A co-worker who's pretty new to crypto purchased a few thousand dollars worth of ETC and transferred it from Coinbase to his Coinbase Wallet. Whenever he tried to send the funds back to Coinbase it would error out and basically prevent him from doing anything. Coinbase support just told him to setup another wallet using his seed key (meaning another software app wallet) and he would be able to transfer his ETC. However, when he setup his wallet on another application all of his coins showed up except for the ETC.

THE FIX
I had him install Coinomi on his iPhone and restore his wallet. When setting up wallets in Coinomi you can change the derivation key for the coin you are setting up. According to Coinomi's own support articles ETH has a derivation path of M/44H/60H/0H/0 while ETC has a derivation path of M/44H/61H/0H/0. For some reason neither his ETH or ETC wallets restored by default. To get his ETH to show up, I had to add the /0 at the end of the derivation path. To finally get his ETC to show up, I had to use the ETH derivation path on his ETC wallet (M/44H/60H/0H/0). This made little  sense to me, but it worked and allowed him to send the coins back to Coinbase.

Anyway, good luck. I wish I could be of more help. Losing funds because Coinbase apparently can't code a decent wallet is bad for the crypto in general.

They never replied to me. Do you have the BTC derivation path of Coinbase? 200 $ for you if yours work.

We already tried with many derivation paths.
twiki
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January 27, 2022, 01:19:49 AM
 #64


They never replied to me. Do you have the BTC derivation path of Coinbase? 200 $ for you if yours work.
We already tried with many derivation paths.
I'm shocked that you still haven't received your bitcoins, at least if I were you, I would, in these two years, force coinbase tech support to tell me to fuck off (give me back the coins).
nc50lc
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January 27, 2022, 08:13:56 AM
 #65

They never replied to me. Do you have the BTC derivation path of Coinbase? 200 $ for you if yours work.
We already tried with many derivation paths.
I'm shocked that you still haven't received your bitcoins, at least if I were you, I would, in these two years, force coinbase tech support to tell me to fuck off (give me back the coins).
Problem is "Coinbase" isn't "Coinbase Wallet"; although both are products by the same company, those aren't the same.
OP's wallet is the latter which isn't custodial, so Coinbase doesn't have anything give him since they don't have the funds.

BTW, if you've read the previous replies, you'll see that in various users' attempts, they can restore their address in Electrum,
but for some reason, OP can't (and it's for you to judge what went wrong).

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.HUGE.
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