diff --git a/lbrynet/wallet/account.py b/lbrynet/wallet/account.py
index 8046d852b..60fc5351d 100644
--- a/lbrynet/wallet/account.py
+++ b/lbrynet/wallet/account.py
@@ -177,6 +177,9 @@ class Account:
             for utxo in self.coin.ledger.get_unspent_outputs(address)
         ]
 
+    def get_balance(self):
+        return sum(utxo.amount for utxo in self.get_unspent_utxos())
+
 
 class AccountsView:
 
diff --git a/lbrynet/wallet/baseledger.py b/lbrynet/wallet/baseledger.py
index 825a2f2d9..14abccc66 100644
--- a/lbrynet/wallet/baseledger.py
+++ b/lbrynet/wallet/baseledger.py
@@ -236,6 +236,9 @@ class BaseLedger:
         if status != self.get_status(address):
             self.update_history(address)
 
+    def broadcast(self, tx):
+        self.network.broadcast(hexlify(tx.raw))
+
 
 class Headers:
 
diff --git a/lbrynet/wallet/compatibility.py b/lbrynet/wallet/compatibility.py
new file mode 100644
index 000000000..c8e6f95ba
--- /dev/null
+++ b/lbrynet/wallet/compatibility.py
@@ -0,0 +1,197 @@
+import os
+from twisted.internet import defer
+
+from .constants import COIN
+from .manager import WalletManager
+
+
+class BackwardsCompatibleNetwork:
+    def __init__(self, manager):
+        self.manager = manager
+
+    def get_local_height(self):
+        return len(self.manager.ledgers.values()[0].headers)
+
+    def get_server_height(self):
+        return self.get_local_height()
+
+
+class BackwardsCompatibleWalletManager(WalletManager):
+
+    @property
+    def wallet(self):
+        return self
+
+    @property
+    def network(self):
+        return BackwardsCompatibleNetwork(self)
+
+    @property
+    def use_encryption(self):
+        # TODO: implement this
+        return False
+
+    @property
+    def is_first_run(self):
+        return True
+
+    def check_locked(self):
+        return defer.succeed(False)
+
+    @classmethod
+    def from_old_config(cls, settings):
+        coin_id = 'lbc_{}'.format(settings['blockchain_name'][-7:])
+        wallet_manager = cls.from_config({
+            'ledgers': {coin_id: {'default_servers': settings['lbryum_servers']}}
+        })
+        ledger = wallet_manager.ledgers.values()[0]
+        wallet_manager.create_wallet(
+            os.path.join(settings['lbryum_wallet_dir'], 'default_torba_wallet'),
+            ledger.coin_class
+        )
+        return wallet_manager
+
+    def start(self):
+        return self.start_ledgers()
+
+    def stop(self):
+        return self.stop_ledgers()
+
+    def get_balance(self):
+        return self.default_account.get_balance()
+
+    def get_best_blockhash(self):
+        return defer.succeed('')
+
+    def get_unused_address(self):
+        return defer.succeed(self.default_account.get_least_used_receiving_address())
+
+    def reserve_points(self, address, amount):
+        # TODO: check if we have enough to cover amount
+        return ReservedPoints(address, amount)
+
+    def send_points_to_address(self, reserved, amount):
+        account = self.default_account
+        coin = account.coin
+        ledger = coin.ledger
+        tx_class = ledger.transaction_class
+        in_class, out_class = tx_class.input_class, tx_class.output_class
+
+        destination_address = reserved.identifier.encode('latin1')
+
+        outputs = [
+            out_class.pay_pubkey_hash(amount*COIN, coin.address_to_hash160(destination_address))
+        ]
+
+        amount += 0.001
+
+        amount = amount*COIN
+
+        # TODO: use CoinSelector
+        utxos = account.get_unspent_utxos()
+        total = account.get_balance()
+        if amount < total and total-amount > 0.00001*COIN:
+            change_destination = account.get_least_used_change_address()
+            outputs.append(
+                out_class.pay_pubkey_hash(total-amount, coin.address_to_hash160(change_destination))
+            )
+
+        tx = tx_class() \
+            .add_inputs([in_class.spend(utxo) for utxo in utxos]) \
+            .add_outputs(outputs)\
+            .sign(account)
+
+        return ledger.broadcast(tx)
+
+    def get_wallet_info_query_handler_factory(self):
+        return LBRYcrdAddressQueryHandlerFactory(self)
+
+    def get_info_exchanger(self):
+        return LBRYcrdAddressRequester(self)
+
+
+class ReservedPoints:
+    def __init__(self, identifier, amount):
+        self.identifier = identifier
+        self.amount = amount
+
+
+class ClientRequest:
+    def __init__(self, request_dict, response_identifier=None):
+        self.request_dict = request_dict
+        self.response_identifier = response_identifier
+
+
+class LBRYcrdAddressRequester:
+
+    def __init__(self, wallet):
+        self.wallet = wallet
+        self._protocols = []
+
+    def send_next_request(self, peer, protocol):
+        if not protocol in self._protocols:
+            r = ClientRequest({'lbrycrd_address': True}, 'lbrycrd_address')
+            d = protocol.add_request(r)
+            d.addCallback(self._handle_address_response, peer, r, protocol)
+            d.addErrback(self._request_failed, peer)
+            self._protocols.append(protocol)
+            return defer.succeed(True)
+        else:
+            return defer.succeed(False)
+
+    def _handle_address_response(self, response_dict, peer, request, protocol):
+        if request.response_identifier not in response_dict:
+            raise ValueError(
+                "Expected {} in response but did not get it".format(request.response_identifier))
+        assert protocol in self._protocols, "Responding protocol is not in our list of protocols"
+        address = response_dict[request.response_identifier]
+        self.wallet.update_peer_address(peer, address)
+
+    def _request_failed(self, error, peer):
+        raise Exception("A peer failed to send a valid public key response. Error: %s, peer: %s",
+                        error.getErrorMessage(), str(peer))
+
+
+class LBRYcrdAddressQueryHandlerFactory:
+
+    def __init__(self, wallet):
+        self.wallet = wallet
+
+    def build_query_handler(self):
+        q_h = LBRYcrdAddressQueryHandler(self.wallet)
+        return q_h
+
+    def get_primary_query_identifier(self):
+        return 'lbrycrd_address'
+
+    def get_description(self):
+        return "LBRYcrd Address - an address for receiving payments via LBRYcrd"
+
+
+class LBRYcrdAddressQueryHandler:
+
+    def __init__(self, wallet):
+        self.wallet = wallet
+        self.query_identifiers = ['lbrycrd_address']
+        self.address = None
+        self.peer = None
+
+    def register_with_request_handler(self, request_handler, peer):
+        self.peer = peer
+        request_handler.register_query_handler(self, self.query_identifiers)
+
+    def handle_queries(self, queries):
+
+        def create_response(address):
+            self.address = address
+            fields = {'lbrycrd_address': address}
+            return fields
+
+        if self.query_identifiers[0] in queries:
+            d = self.wallet.get_unused_address_for_peer(self.peer)
+            d.addCallback(create_response)
+            return d
+        if self.address is None:
+            raise Exception("Expected a request for an address, but did not receive one")
+        else:
+            return defer.succeed({})
diff --git a/lbrynet/wallet/wallet.py b/lbrynet/wallet/wallet.py
index 0b1645d79..44efcb3fb 100644
--- a/lbrynet/wallet/wallet.py
+++ b/lbrynet/wallet/wallet.py
@@ -108,7 +108,7 @@ class WalletStorage:
         return self._default.copy()
 
     def read(self):
-        if self.path and self.path.exists(self.path):
+        if self.path and os.path.exists(self.path):
             with open(self.path, "r") as f:
                 json_data = f.read()
                 json_dict = json.loads(json_data)