Bitcoin: How can I set the derivation path for a multisig across BlueWallet, Electrum and Sparrow wallet?

Definition of the derivation route to a multisig on several wallets: a step by step guide

As Bitcoin enthusiast, it is probably familiar with the concept of multisig wallets and its importance to guarantee its cryptocurrency. In this article, we will take it to the process of defining the derivation route to a multisig wallet that uses blue wallets, electrum and stress.

What is the path of derivation?

In a multisig portfolio configuration, several users (signatories) must verify the signatures of others before they can access the funds. This requires the creation of an exclusive set of addresses with specific derivation routes. A derivation route is a sequence of keys that, when combined with a private key, allows us to derive all possible subscription keys to the Multisig portfolio.

Configuration referral route using bluewallet

Bluewallet provides an intuitive way to create and manage multisig wallets. To define the path of derivation in the Blue World Cup:

• Open Bluewallet : Start the Bluewallet application on your device.

• Create a new multisig wallet

  

  : Go to “file”> “new wallet” or use the CTRL+N (Windows) or CMD+N (Mac) keyboard.

• Select the multisig

  type: choose “basic multisig” or “advanced multisig”, depending on your requirements.

• Slots, 44 'is the length of each slot e/separates the individual grooves). For example:m/44 ‘/1’/0 ‘/0’. This will define the derivation route to m/44 '/1'/0 '/0.

• Generate the private key : Click “Green” to create a new private key for your multisig wallet.

• Export the PSBT : Export the generated private key and the associated public keys using the Bluewallet Export function.

Configuration derivation route using electum

Electrum is another popular bitcoin wallet that supports multisig wallets. To define the referral route in the electro:

• Start the electro : Go to https: // electrum.org and download the electrum application for your operating system.

• Create a new multisig wallet : Click “Wallet”> “New Wallet” or use the CTRL+N (Windows) or CMD+N (MAC) keyboard shortcut (Mac).

• Select the multisig type: choose “basic multisig” or “advanced multisig”, depending on your requirements.

4.

• Generate the private key : Click “Green” to create a new private key for your multisig wallet.

• Export the PSBT : Export the generated private key and the associated public keys using the electrum export function.

Configuration derivation route using the sparrow wallet

Sparrow is another wallet that admits multisig wallets, although it is designed mainly to wear it on the desktop. To define the form of derivation in the sparrow:

• Start Sparrow : Go to https: // sparrow.org and download the sparrow application to your operating system.

• Create a new multisig wallet : Click “Wallet”> “New Wallet” or use the CTRL+N (Windows) or CMD+N (MAC) keyboard shortcut (Mac).

• Select the multisig type: choose “basic multisig” or “advanced multisig”, depending on your requirements.

• Define the derivation route : In the “Multisig Configuration” section, write the following format: M/44 '/0'/0 '/... in the “derivation” field.

• Generate the private key : Click “Gere” to create a new private key for your multisig wallet.

• Export the PSBT : Export the generated private key and associated public keys using the sparrow export function.

Problem solution tips

• Be sure to export the correct private password and the associated public keys of Municipal Azul, Electrum or Gorrión.

• Verify that the derivation route is correct when verifying the “derivation routes” in the multisig portfolio configuration.

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