• Path: m / purpose’ / coin_type’ / account’ / address_index
  • The BIP32 extended master private key is m.
  • Purpose: usually 44'
  • Coin_type: usually 60'
  • Account: usually 0'
  • Address_index: Addresses are numbered from index 0 in sequentially increasing manner.
  • Other wallet apps might allow you manually change the derivation path.
    • In that case it’s important that you write down which path you chose.
 

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