Uploaded August 2020 | Updated September 2026, 1 hour ago
Changing bitcoin wallets isn't hard but you need to learn the basics. Bitcoin owners can run into problems when trying to move funds from one bitcoin or cryptocurrency wallet to another. Some wallets use non standard configurations, which can cause people to think their money is gone when they try to switch wallets. In this video, Andreas discusses why and how that happens and talks about a new tool that can help.
Chapters
0:00 Down the Rabbit Hole
00:32 The BIP39 Standard
1:16 Hierarchical Deterministic (HD)wallets
2:05 BIP43 & BIP44
2:48 The Bitcoin derivation path: m/44'/0'/0'
3:41 What if your wallet used an unusual derivation path?
3:55 What not to do if you lose your derivation path?
4:57 The Electrum wallet derivation path wizard
6:15 walletsrecovery.org
In this edition of Down the Rabbit Hole Andreas answers his own question... How can a new Bitcoin user migrate from one wallet to another? Don't panic if you've switched to a reputable wallet and you don't see your money. Watch this video to learn what to do and how to locate your funds.
BIP 39: github.com/bitcoin/bips/blob/master/bip-0039.mediawiki
BIP 32: github.com/bitcoin/bips/blob/master/bip-0032.mediawiki
BIP 43: github.com/bitcoin/bips/blob/master/bip-0043.mediawiki
BIP 44: github.com/bitcoin/bips/blob/master/bip-0044.mediawiki
The Bitcoin derivation path: m/44'/0'/0'
Wallet Recovery site: walletsrecovery.org
Run by J9Roem - Janine Romer and NVK - Rodolfo Novak
The Electrum pull request: github.com/spesmilo/electrum/pull/6219
By Luke Childs - github.com/lukechilds
This question is from the Patreon Q&A livestream, which took place on Jun 27, 2020. If you want early-access to talks and a chance to ask questions in the monthly live Q&As with Andreas, become a Community Builder on Patreon: patreon.com/aantonop
Related Videos:
Bitcoin Q&A: How do mnemonic seeds work? - youtu.be/wWCIQFNf_8g
Bonus Livestream Session - Security - youtu.be/P7IuPA26GGc
COMMENT below and let us know what you think of the video. Post your follow-up questions there too!
SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications: aantonop.io/youtube
JOIN this YouTube channel to become a YouTube Community Member and access custom emojis and other perks: aantonop.io/youtube
BECOME a Community Builder: patreon.com/aantonop
LEARN from Andreas in one of his popular Workshops which will teach you practical crypto skills. There’s even a FREE Intro to Bitcoin & Open Blockchains to get you started. aantonop.io/takeaworkshop
About aantonop: Andreas isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at aantonop.com
From Andreas: You may already know that my mission is to educate as many people as possible about Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission.
***Learn More From Andreas’ Workshops, Books & Events**
Amazon & Kindle: amazon.com/-/e/B00MVAG8Z8
Audible: audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8
E-books & Merch: aantonop.io/shop
Patreon: patreon.com/aantonop
Website: aantonop.com
Workshops: aantonop.com/workshops
***Connect with Andreas on Socials***
Facebook: facebook.com/AndreasMAntonopoulos
Instagram: instagram.com/amantonop
LinkedIn: linkedin.com/company/aantonop
Twitter: twitter.com/aantonop
Music: "Unbounded" by Orfan (twitter.com/grassfedbitcoin)
Thanks for watching!
Changing bitcoin wallets isn't hard but you need to learn the basics. Bitcoin owners can run into problems when trying to move funds from one bitcoin or cryptocurrency wallet to another. Some wallets use non standard configurations, which can cause people to think their money is gone when they try to switch wallets. In this video, Andreas discusses why and how that happens and talks about a new tool that can help.
Chapters
0:00 Down the Rabbit Hole
00:32 The BIP39 Standard
1:16 Hierarchical Deterministic (HD)wallets
2:05 BIP43 & BIP44
2:48 The Bitcoin derivation path: m/44'/0'/0'
3:41 What if your wallet used an unusual derivation path?
3:55 What not to do if you lose your derivation path?
4:57 The Electrum wallet derivation path wizard
6:15 walletsrecovery.org
In this edition of Down the Rabbit Hole Andreas answers his own question... How can a new Bitcoin user migrate from one wallet to another? Don't panic if you've switched to a reputable wallet and you don't see your money. Watch this video to learn what to do and how to locate your funds.
BIP 39: github.com/bitcoin/bips/blob/master/bip-0039.mediawiki
BIP 32: github.com/bitcoin/bips/blob/master/bip-0032.mediawiki
BIP 43: github.com/bitcoin/bips/blob/master/bip-0043.mediawiki
BIP 44: github.com/bitcoin/bips/blob/master/bip-0044.mediawiki
The Bitcoin derivation path: m/44'/0'/0'
Wallet Recovery site: walletsrecovery.org
Run by J9Roem - Janine Romer and NVK - Rodolfo Novak
The Electrum pull request: github.com/spesmilo/electrum/pull/6219
By Luke Childs - github.com/lukechilds
This question is from the Patreon Q&A livestream, which took place on Jun 27, 2020. If you want early-access to talks and a chance to ask questions in the monthly live Q&As with Andreas, become a Community Builder on Patreon: patreon.com/aantonop
Related Videos:
Bitcoin Q&A: How do mnemonic seeds work? - youtu.be/wWCIQFNf_8g
Bonus Livestream Session - Security - youtu.be/P7IuPA26GGc
COMMENT below and let us know what you think of the video. Post your follow-up questions there too!
SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications: aantonop.io/youtube
JOIN this YouTube channel to become a YouTube Community Member and access custom emojis and other perks: aantonop.io/youtube
BECOME a Community Builder: patreon.com/aantonop
LEARN from Andreas in one of his popular Workshops which will teach you practical crypto skills. There’s even a FREE Intro to Bitcoin & Open Blockchains to get you started. aantonop.io/takeaworkshop
About aantonop: Andreas isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at aantonop.com
From Andreas: You may already know that my mission is to educate as many people as possible about Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission.
***Learn More From Andreas’ Workshops, Books & Events**
Amazon & Kindle: amazon.com/-/e/B00MVAG8Z8
Audible: audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8
E-books & Merch: aantonop.io/shop
Patreon: patreon.com/aantonop
Website: aantonop.com
Workshops: aantonop.com/workshops
***Connect with Andreas on Socials***
Facebook: facebook.com/AndreasMAntonopoulos
Instagram: instagram.com/amantonop
LinkedIn: linkedin.com/company/aantonop
Twitter: twitter.com/aantonop
Music: "Unbounded" by Orfan (twitter.com/grassfedbitcoin)
Thanks for watching!
![Cryptocurrency Explained: What is a Mnemonic phrase? [Understanding Bitcoin Ethereum Crypto Keys]](https://i.ytimg.com/vi/pIvgjCvGlwo/mqdefault.jpg "Cryptocurrency Explained: What is a Mnemonic phrase? [Understanding Bitcoin Ethereum Crypto Keys]
What is a cryptocurrency mnemonic phrase? How does it relate to a bitcoin or ethereum private key? Are they the same thing? Are seeds and mnemonics the same thing? Can someone guess my bitcoin private key or mnemonic? Watch this video to understand how mnemonic phrases work, why theyre used in bitcoin, why theyre considered secure. Hint: turn on closed captions to help you remember whats being taught.
Chapters
0:00 If a bitcoin private key is such a big number and you can never guess it, how does relate to mnemonic phrases?
1:03 Lets discuss what a mnemonic phrase actually is.
1:23 Cryptographic keys are just numbers. A bitcoin private key is just a number.
1:42 What is a mnemonic phrase?
2:10 Bitcoin Improvement Proposal or BIP39 is the standard for seed phrases
3:03 There are 2048 words in the BIP39 dictionary
4:00 How do you make a number out of words?
6:09 Example of how to take a number like a bitcoin private key and encode it in 24 words
8:06 Derivation function that allows you to take the mnemonic and generate the same sequence of keys
8:27 Summary of why a mnemonic phrase is as secure as a bitcoin private key written in decimal or binary
This video help explains how mnemonic phrases or mnemonic seeds as theyre often called, relate to cryptocurrency private keys. It discusses the bitcoin improvement proposal BIP39 and its implementation. If you want to understand how your cryptocurrency wallet works, this video is for you. This video was made as a followup to the Can Someone Guess My Bitcoin Private Key video here: https://youtu.be/2eZ5DP2P5As You may want to watch that video first to really understand whats being explained.
Learn more about bitcoin, ethereum, and other cryptocurrency private keys in these videos:
Passwords and authentication: https://youtu.be/m8jlnZuV1i4
Bitcoin and crypto security: https://youtu.be/P7IuPA26GGc
Learn why bitcoin, ethereum, and other open blockchain technologies are different in my talk The Fairness Protocol: https://youtu.be/JtyRN4YFRFI
Community Builders who support this free work on Patreon get to ask questions and vote on questions at least a week before the event. YouTube Community Members who support this work get to ask questions and vote an hour before the event starts. Everyone else gets to ask questions and vote on questions when the event starts. Giving early access is a small way Andreas can give something to the people who help to financially support the mission and still include anyone who wants to participate.
SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ?sub_confirmation=1
JOIN this YouTube channel to become a YouTube Community Member and access custom emojis and other perks: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ/join
BECOME a Community Builder: https://patreon.com/aantonop
You may already know that Andreas’ mission is to educate as many people as possible about Bitcoin and open blockchain technologies. Watching and sharing these videos is one way to do that. Thank you for being part of this mission!
About aantonop: Andreas isnt promoting a company or an organization; hes paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at https://aantonop.com
***Learn More From Andreas’ Workshops, Books & Events**
Amazon & Kindle: http://www.amazon.com/-/e/B00MVAG8Z8
Audible: https://www.audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8
E-books & Merch: https://aantonop.io/shop
Patreon: https://patreon.com/aantonop
Website: https://aantonop.com
Workshops: https://aantonop.com/workshops
***Connect with Andreas on Socials***
Facebook: https://www.facebook.com/AndreasMAntonopoulos
Instagram: https://www.instagram.com/amantonop/
LinkedIn: https://www.linkedin.com/company/aantonop/
Twitter: https://twitter.com/aantonop
Thanks for watching!")
