diff --git a/requirements.txt b/requirements.txt
index ffbf27f45..d4423b5db 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -25,3 +25,4 @@ txJSON-RPC==0.3.1
 unqlite==0.2.0
 wsgiref==0.1.2
 zope.interface==4.1.3
+base58==0.2.2
diff --git a/setup.py b/setup.py
index 7e806198a..877377190 100644
--- a/setup.py
+++ b/setup.py
@@ -26,7 +26,7 @@ console_scripts = ['lbrynet-console = lbrynet.lbrynet_console.LBRYConsole:launch
 
 requires = ['pycrypto', 'twisted', 'miniupnpc', 'yapsy', 'seccure',
             'python-bitcoinrpc==0.1', 'txJSON-RPC', 'requests>=2.4.2', 'unqlite==0.2.0',
-            'leveldb', 'lbryum', 'jsonrpc', 'simplejson', 'appdirs', 'six==1.9.0']
+            'leveldb', 'lbryum', 'jsonrpc', 'simplejson', 'appdirs', 'six==1.9.0', 'base58']
 
 gui_data_files = ['close2.gif', 'lbry-dark-242x80.gif', 'lbry-dark-icon.xbm', 'lbry-dark-icon.ico',
                   'drop_down.gif', 'show_options.gif', 'hide_options.gif', 'lbry.conf']