Post
Topic
Board Hardware wallets
Re: MultiSig wallet vs Multiple SingleSig wallets
by
apogio
on 11/03/2023, 20:03:39 UTC
Awesome. Will I also need the fingerprints and the derivation paths except for the xpubs?
I'm not certain what you are referring to by fingerprints. Bitcoin public keys generally don't use fingerprints like PGP keys do. Fingerprints are used in some descriptors, but that's not really relevant here when generating a multi-sig wallet using seed phrases.

In terms of the derivation path, the answer is maybe. Some people would say yes. I would say that as long as you are using a standard derivation path which will be easy to recover from, then probably not.

For example, I have a multi-sig wallet which was created using Electrum. The derivation paths Electrum uses for its multi-sig wallets is in the open source code and is widely known, so I didn't feel the need to back it up.

I don't know if you use or have used Bluewallet or Sparrow, but when you scan an xpub (to create a watch only wallet for example), then it shows you 3 attributes: the xpub, the master fingerprint and the derivation path. However, you are right about the derivation path.