what is derivation path?

the route a wallet uses to find accounts and addresses from a seed phrase.

different wallets can use different paths. the right words with the wrong path can show an empty wallet, so the path or wallet type belongs in your notes.

related words

wallet configuration (descriptor) a file or text that describes how a multisig or advanced wallet is built.
BIP39 the common standard that turns a random number into a seed phrase of 12 to 24 words.
multisig a wallet that needs more than one key to move funds, for example any 2 of 3.

part of the topic self-custody: free articles, more words and the guide.

checked 2026-10-20. education, not advice. found a mistake? see corrections.