The Crypto.com DeFi Wallet has provided users with a new SOL wallet address version to ensure compatibility with other SOL wallets. Learn how to recover your assets when importing a wallet from another platform, and what will happen to your previous SOL wallet address.
How do I recover my SOL when importing a wallet from another platform?
Recovering your SOL can be done in just four steps. Here’s how:
4. After you enter your seed phrase or password when you’re re-importing your wallet, you will be brought to the ‘Select Wallet From Solana’ menu if you have SOL in your old SOL wallet address
5. This page allows you to select which wallet address you’d like to use moving forward. BIP44 refers to the old SOL wallet address while BIP44change is the new address in the DeFi Wallet that’s compatible with the majority of SOL wallets right now.
6. Once you’ve selected your preferred address, you’ve finished importing your wallet! If your old SOL wallet still has assets in it, you can access it by re-importing your wallet again and selecting the old address in the ‘Select Wallet From Solana’ menu.
What will happen to my old SOL wallet address?
If you have SOL in your old wallet address, you can continue to access it. However, we strongly recommend that you transfer your SOL to the new wallet address if you’ve imported your seed phrase to other cryptocurrency wallet platforms and frequently use them.
If you do not have SOL in your old wallet, the DeFi Wallet will automatically migrate your SOL wallet address to the new one.
Why do we have different kinds of wallet addresses?
Once your seed phrase is created for a cryptocurrency wallet, every wallet provider will derive its address based on a specific path. In the DeFi Wallet, we followed this path alongside Trust Wallet. Now, we can support both wallet addresses from platforms like Trust Wallet, along with the majority of SOL ecosystem wallets.