Nunchuk
Bitcoin Accounting

Nunchuk + Clams

Descriptor

Nunchuk is an open-source multisig wallet that makes collaborative custody accessible. Clams tracks your Nunchuk wallet using a descriptor export. Full accounting visibility while your keys remain secure.

What Clams tracks

  • All addresses from your wallet
  • Incoming and outgoing transactions
  • Individual UTXOs with cost basis
  • Transaction fees paid
  • Capital gains on each spend

How it works

01

Export descriptor from Nunchuk

In Nunchuk, go to Wallet Settings to find and copy your wallet descriptor.

02

Add connection in Clams

Create a Descriptor connection with the Clams CLI. Replace the descriptor value in the command below with your exported descriptor.

$ clams connections create --label my-nunchuk --kind Descriptor --configuration '{"descriptor":"YOUR_DESCRIPTOR"}'
03

Sync transaction history

Run the sync command below to discover all addresses and import your full transaction history.

$ clams connections sync --label my-nunchuk
04

Generate journal entries

Process your imported transactions into accounting journals with the command below.

$ clams journals process

Resources

Nunchuk documentation

Official Nunchuk docs and guides

Frequently asked questions

What data does Clams import from Nunchuk?

Clams imports all addresses derived from your multisig descriptor, incoming and outgoing transactions, UTXOs, and calculates cost basis per UTXO. Your signing keys remain secure in your Nunchuk setup.

Does Clams access my private keys?

No. Clams uses watch-only access via your wallet descriptor. Your signing keys remain secure in your hardware devices and Nunchuk. The descriptor only allows Clams to view addresses and transactions, not spend funds.

Can I track multiple Nunchuk wallets?

Yes. Add each Nunchuk wallet separately in Clams using its descriptor. Each wallet gets independent tracking and reporting.

Does Nunchuk support single-sig wallets too?

Yes. Nunchuk supports both single-sig and multisig wallets. For single-sig, you can export an xPub. For multisig, export the full descriptor. Both work with Clams.

How do I get capital gains reports from my Nunchuk wallet?

Export your wallet descriptor from Nunchuk and add it to Clams. Clams calculates cost basis for every UTXO and tracks capital gains when you spend. Export reports from the Exports widget.

Where do I find my descriptor in Nunchuk?

In Nunchuk, go to Wallet Settings and look for the wallet configuration or export option. Nunchuk displays your wallet descriptor which you can copy for use in Clams.

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