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Withdraw BTC From the Stacks Legacy Wallet
Getting Started
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4 min
DISCLAIMER: These instructions involve the installation of a third-party wallet that has no affiliation with Leather. We cannot make any guarantees as to its security or functionality. Proceed at your own risk.
Some users may still have BTC left from the Stacks legacy wallet that they’d like to deposit into Leather. If you have BTC in the Stacks legacy wallet, you can withdraw your tokens with Electrum Wallet by itself or with a hardware wallet.
How to Withdraw BTC in Electrum Wallet
If you’re not using a hardware device, follow these steps to withdraw your BTC:
Download Electrum Wallet
Select “Next” on the installation screen that appears to continue while making sure that “Default_wallet” appears in the “Wallet” field on the screen
Select the “Standard wallet” option and click “Next”
Click “I already have a seed”
Enter the seed phrase associated with your Stacks legacy wallet
Hit “Option” before you proceed to the next screen and check the “BIP39 seed” box
Select the “legacy (p2pkh)” option and replace the derivation path with m/44’/5757’/0’*
On the next screen, make sure the “Encrypt wallet file” box is checked and hit “Next”
Hit the “Send” tab to enter the recipient address
*You must select the “legacy” option before you replace the derivation path value, otherwise the derivation path value will revert to an incorrect default value and your BTC will not appear in the wallet.
How to Withdraw BTC Using Electrum Wallet and a Hardware Device
Download Electrum Wallet
Connect your device via USB and unlock it with your PIN (if you’re Ledger or Trezor with Linux, you may need to configure your udev rules before proceeding)
Select “Next” on the installation screen that appears to continue while making sure that “Default_wallet” appears in the “Wallet” field on the screen
Select the “Standard wallet” option and click “Next”
Select the “Use a hardware device” option and click “Next”
Specify which hardware device you’re using and proceed
Select the “legacy (p2pkh)” option and replace the derivation path with m/44’/5757’/0’.
On the next screen, make sure the “Encrypt wallet file” box is checked and hit “Next”
Hit the “Send” tab to enter the recipient address