Self-custodial wallets use specific derivation paths to generate addresses for receiving and sending cryptocurrencies. When the asset derivation path in the external wallet is different from the asset derivation path in DALIOWALLET, you are not be able to use the Recovery Phrase to restore the assets in your DALIOWALLET app. The asset derivation path for DALIOWALLET assets can be found here.
To transfer assets between wallets with different derivation paths, you need to send each asset from the external wallet to the DALIOWALLET using the “Send” feature in the external wallet. This involves initiating a transaction from the external wallet where your assets are currently stored to DALIOWALLET. This can be done using the steps below.
- Retrieve the asset address for the asset you want to transfer from the Asset page (The process can be founds here.)
- Copy the DALIOWALLET asset address,
- Paste the DALIOWALLET asset address in the address field of the external wallet.
- Complete the Send in the external wallet.
Note: There may be network fees associated with transferring assets between wallets. These fees vary depending on the cryptocurrency being transferred and the current network conditions. Check the fee structure of your external wallet and any applicable fees for the specific cryptocurrency you're transferring.