Post
Topic
Board Hardware wallets
Re: Ledger balance 0
by
bob123
on 02/08/2018, 06:17:42 UTC
I can access bitcoin ledger wallet via chrome app,but there is different bitcoin address with 0 balance,when i restore 24 words i create new wallet because i didnt have insataled app from before

I get this message from one member ,is this legit?

1) Go to https://iancoleman.io/bip39/
2) In the box where it says BIP39 Mnemonic, put your 24 word seed phrase
3) In the box where it says BIP39 Passphrase, put your password for your wallet ( notice i said password and not pin if you did not enabled password protection for your ledger, then leave it blank)
4) Scroll down to the last page and you should see a list of 20 addresses, your address should either be the first or the second one shown
5) Copy the private key which should be beside the address
6)Download Electrum from https://electrum.org/#home
7) create a new wallet> standard wallet> import bitcoin address or Private keys
Cool Paste the private key you copied from 5
9) Click next and your coins should show up.

Well, instead of entering your seed into a website (download it onto an offline pc first!!) and just importing 1 or 2 private keys, you might as well import the seed directly into electrum.
You can check the BIP39 Seed option and enter the derivation path (Ledger legacy: m/44/0/0, segwit: m/49/0/0)

You should be able to see your whole balance inside electrum.

But note, that once you have entered your seed anywhere else (e.g. electrum or website), it should be considered as compromised.
It is advised to create a new seed with your ledger afterwards if you want to use this hardware device to store your coins.