Ninjastic
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Board Wallet software
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Re: Ledger Nano S to Sparrow, no balance shown / completely different derviation
by
RickDeckard
on 13/01/2024, 11:29:24 UTC
⭐ Merited by o_e_l_e_o (4)
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?

As a note, if you are interested in learning more about how derivation paths work this[1] is a great resource to read.
[1]https://learnmeabitcoin.com/technical/derivation-paths#bip-49-m490000