There aren't a lot of tools available in Python for managing multiple kind of currencies in one single wallet. Fortunatelly we have a command line tool, hd-wallet-derive that supports not only BIP32, BIP39, and BIP44, but also supports non-standard derivation paths for the most popular wallets out there today.
hd-wallet-derive is a "universal" wallet and can manage billions of addresses across a bunch of coins.
In this case, let's make only get 2 coins work: Ethereum and Bitcoin Testnet. Ethereum keys are the same format on any network, so the Ethereum keys should work with a custom networks or testnets.
PHP must be installed on your operating system (any version, 5 or 7).
Clone the hd-wallet-derive tool.
bit Python Bitcoin library.
web3.py Python Ethereum library.
This guide serves as a step by step process for setting up the hd-wallet-derive library used to derive BIP32 addresses and private keys for Bitcoin and other alternative coins or "altcoins."
After installing PHP in our computers we can install the hd-wallet-derive library.
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Navigate to the Github website for the
hd-wallet-derivelibrary and scroll down to the installation part. -
Next execute this commands:
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Afer that, you should have a folder called
hd-wallet-derivethat contains the PHP library.
- Using terminal/git bash navigate to the
hd-wallet-derivefolder.
Run the following commands.
./hd-wallet-derive.php -g >--key=xprv9tyUQV64JT5qs3RSTJkXCWKMyUgoQp7F3hA1xzG6ZGu6u6Q9VMNjGr6>7Lctvy5P8oyaYAL9CAWrUE9i6GoNMKUga5biW6Hx4tws2six3b9c
./hd-wallet-derive.php -g >--key=xprv9tyUQV64JT5qs3RSTJkXCWKMyUgoQp7F3hA1xzG6ZGu6u6Q9VMNjGr6>7Lctvy5P8oyaYAL9CAWrUE9i6GoNMKUga5biW6Hx4tws2six3b9c >--numderive=3 --preset=bitcoincore --cols=path,address >--path-change
This file runs all the functions that interact with hd-wallet-derive using the command line. The function below calls out the dictionary of coins with addresses and privkeys.
To transfer money from one account to another you will need to run send_tx functions.
Please refer to snap_shots folder for more images.