diff --git a/accounts/usbwallet/wallet.go b/accounts/usbwallet/wallet.go
index ee539d965..993c59934 100644
--- a/accounts/usbwallet/wallet.go
+++ b/accounts/usbwallet/wallet.go
@@ -368,18 +368,22 @@ func (w *wallet) selfDerive() {
 					w.log.Warn("USB wallet nonce retrieval failed", "err", err)
 					break
 				}
-				// If the next account is empty, stop self-derivation, but add for the last base path
+				// We've just self-derived a new account, start tracking it locally
+				// unless the account was empty.
+				path := make(accounts.DerivationPath, len(nextPaths[i]))
+				copy(path[:], nextPaths[i][:])
 				if balance.Sign() == 0 && nonce == 0 {
 					empty = true
+					// If it indeed was empty, make a log output for it anyway. In the case
+					// of legacy-ledger, the first account on the legacy-path will
+					// be shown to the user, even if we don't actively track it
 					if i < len(nextAddrs)-1 {
+						w.log.Info("Skipping trakcking first account on legacy path, use personal.deriveAccount(<url>,<path>, false) to track",
+							"path", path, "address", nextAddrs[i])
 						break
 					}
 				}
-				// We've just self-derived a new account, start tracking it locally
-				path := make(accounts.DerivationPath, len(nextPaths[i]))
-				copy(path[:], nextPaths[i][:])
 				paths = append(paths, path)
-
 				account := accounts.Account{
 					Address: nextAddrs[i],
 					URL:     accounts.URL{Scheme: w.url.Scheme, Path: fmt.Sprintf("%s/%s", w.url.Path, path)},
diff --git a/signer/core/api.go b/signer/core/api.go
index 7e6ece997..3817345c8 100644
--- a/signer/core/api.go
+++ b/signer/core/api.go
@@ -346,19 +346,28 @@ func (api *SignerAPI) startUSBListener() {
 			case accounts.WalletOpened:
 				status, _ := event.Wallet.Status()
 				log.Info("New wallet appeared", "url", event.Wallet.URL(), "status", status)
+				var derive = func(numToDerive int, base accounts.DerivationPath) {
+					// Derive first N accounts, hardcoded for now
+					var nextPath = make(accounts.DerivationPath, len(base))
+					copy(nextPath[:], base[:])
 
-				// Derive first N accounts, hardcoded for now
-				var nextPath = make(accounts.DerivationPath, len(accounts.DefaultBaseDerivationPath))
-				copy(nextPath[:], accounts.DefaultBaseDerivationPath[:])
-
-				for i := 0; i < numberOfAccountsToDerive; i++ {
-					acc, err := event.Wallet.Derive(nextPath, true)
-					if err != nil {
-						log.Warn("account derivation failed", "error", err)
-					} else {
-						log.Info("derived account", "address", acc.Address)
+					for i := 0; i < numToDerive; i++ {
+						acc, err := event.Wallet.Derive(nextPath, true)
+						if err != nil {
+							log.Warn("Account derivation failed", "error", err)
+						} else {
+							log.Info("Derived account", "address", acc.Address, "path", nextPath)
+						}
+						nextPath[len(nextPath)-1]++
 					}
-					nextPath[len(nextPath)-1]++
+				}
+				if event.Wallet.URL().Scheme == "ledger" {
+					log.Info("Deriving ledger default paths")
+					derive(numberOfAccountsToDerive/2, accounts.DefaultBaseDerivationPath)
+					log.Info("Deriving ledger legacy paths")
+					derive(numberOfAccountsToDerive/2, accounts.LegacyLedgerBaseDerivationPath)
+				} else {
+					derive(numberOfAccountsToDerive, accounts.DefaultBaseDerivationPath)
 				}
 			case accounts.WalletDropped:
 				log.Info("Old wallet dropped", "url", event.Wallet.URL())