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End result: After many messages back and forth with bitpay and ledger customer support, neither could confirm whether or not the bitpay wallet seedphrase can be restored on ledger. The ledger accepts the seedphrase, suggesting that it can. It also seems like the bitpay deriv path of m/44’/0’/0′ would work with the Legacy bitcoin account on ledger (44’/0’/0’/0/0).
But apparently not, as the balances all have 0 every time. If the m/44’/0’/0′ path doesn’t work on ledger, some kind of error message would be extremely helpful.
cc: u/Tabea_Ledger