HD Wallets Explained: From High Level to Nuts and Bolts

Credit: BIP 32
m / purpose' / coin_type' / account' / chain / address_index

Tree level Breakdown

You can hold multiple unique currencies within the same HD Wallet by utilizing many coinType nodes instead of just one. The coinType codes are available in this satoshilabs repo.

Proper Usage

We’ve discussed the things you can do with an HD Wallet and how to do them. Let’s talk about how you should set up your wallet.

                           /-- 0
/-- 1
root -- 44 -- 0 -- 0 -- 0 -- 2
\-- 3
\-- 4

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