diff --git a/account/generator/generator.go b/account/generator/generator.go
index c41dafe8b..1ad9b59a3 100644
--- a/account/generator/generator.go
+++ b/account/generator/generator.go
@@ -69,6 +69,20 @@ func (g *Generator) Generate(mnemonicPhraseLength int, n int, bip39Passphrase st
 	return infos, err
 }
 
+func (g *Generator) CreateAccountFromPrivateKey(privateKeyHex string) (IdentifiedAccountInfo, error) {
+	privateKeyHex = strings.TrimPrefix(privateKeyHex, "0x")
+	privateKey, err := crypto.HexToECDSA(privateKeyHex)
+	if err != nil {
+		return IdentifiedAccountInfo{}, err
+	}
+
+	acc := &Account{
+		privateKey: privateKey,
+	}
+
+	return acc.ToIdentifiedAccountInfo(""), nil
+}
+
 func (g *Generator) ImportPrivateKey(privateKeyHex string) (IdentifiedAccountInfo, error) {
 	privateKeyHex = strings.TrimPrefix(privateKeyHex, "0x")
 	privateKey, err := crypto.HexToECDSA(privateKeyHex)
@@ -124,8 +138,7 @@ func (g *Generator) CreateAccountFromMnemonicAndDeriveAccountsForPaths(mnemonicP
 		}
 	}
 
-	id := uuid.NewRandom().String()
-	accInfo := acc.ToGeneratedAccountInfo(id, mnemonicPhrase)
+	accInfo := acc.ToGeneratedAccountInfo("", mnemonicPhrase)
 
 	return accInfo.toGeneratedAndDerived(derivedAccountsInfo), nil
 }
diff --git a/account/generator/generator_test.go b/account/generator/generator_test.go
index 5bc313a79..3edeac078 100644
--- a/account/generator/generator_test.go
+++ b/account/generator/generator_test.go
@@ -44,6 +44,11 @@ const testAccountJSONFile = `{
 	"version":3
 }`
 
+const (
+	path0 = "m/44'/60'/0'/0/0"
+	path1 = "m/44'/60'/0'/0/1"
+)
+
 func TestGenerator_Generate(t *testing.T) {
 	g := New(nil)
 	assert.Equal(t, 0, len(g.accounts))
@@ -58,6 +63,17 @@ func TestGenerator_Generate(t *testing.T) {
 	}
 }
 
+func TestGenerator_CreateAccountFromPrivateKey(t *testing.T) {
+	g := New(nil)
+	assert.Equal(t, 0, len(g.accounts))
+
+	info, err := g.CreateAccountFromPrivateKey(testAccount.bip44Key0)
+
+	assert.NoError(t, err)
+	assert.Equal(t, 0, len(g.accounts))
+	assert.Equal(t, 66, len(info.KeyUID))
+}
+
 func TestGenerator_ImportPrivateKey(t *testing.T) {
 	g := New(nil)
 	assert.Equal(t, 0, len(g.accounts))
@@ -74,12 +90,14 @@ func TestGenerator_CreateAccountFromMnemonicAndDeriveAccountsForPaths(t *testing
 	g := New(nil)
 	assert.Equal(t, 0, len(g.accounts))
 
-	info, err := g.CreateAccountFromMnemonicAndDeriveAccountsForPaths(testAccount.mnemonic, testAccount.bip39Passphrase, []string{})
+	info, err := g.CreateAccountFromMnemonicAndDeriveAccountsForPaths(testAccount.mnemonic, testAccount.bip39Passphrase, []string{path0, path1})
 
 	assert.NoError(t, err)
 	assert.Equal(t, 0, len(g.accounts))
-	assert.Equal(t, 36, len(info.ID))
 	assert.Equal(t, 66, len(info.KeyUID))
+
+	assert.Equal(t, testAccount.bip44Address0, info.Derived[path0].Address)
+	assert.Equal(t, testAccount.bip44Address1, info.Derived[path1].Address)
 }
 
 func TestGenerator_ImportMnemonic(t *testing.T) {
@@ -121,9 +139,6 @@ func TestGenerator_DeriveAddresses(t *testing.T) {
 	assert.NoError(t, err)
 	assert.Equal(t, 1, len(g.accounts))
 
-	path0 := "m/44'/60'/0'/0/0"
-	path1 := "m/44'/60'/0'/0/1"
-
 	addresses, err := g.DeriveAddresses(info.ID, []string{path0, path1})
 	assert.NoError(t, err)
 
diff --git a/mobile/multiaccount.go b/mobile/multiaccount.go
index 91463cd50..6fb3c1eca 100644
--- a/mobile/multiaccount.go
+++ b/mobile/multiaccount.go
@@ -138,6 +138,27 @@ func MultiAccountStoreDerivedAccounts(paramsJSON string) string {
 	return string(out)
 }
 
+// CreateAccountFromPrivateKey returns an account derived from the private key without storing it
+func CreateAccountFromPrivateKey(paramsJSON string) string {
+	var p MultiAccountImportPrivateKeyParams
+
+	if err := json.Unmarshal([]byte(paramsJSON), &p); err != nil {
+		return makeJSONResponse(err)
+	}
+
+	resp, err := statusBackend.AccountManager().AccountsGenerator().CreateAccountFromPrivateKey(p.PrivateKey)
+	if err != nil {
+		return makeJSONResponse(err)
+	}
+
+	out, err := json.Marshal(resp)
+	if err != nil {
+		return makeJSONResponse(err)
+	}
+
+	return string(out)
+}
+
 // MultiAccountImportPrivateKey imports a raw private key without storing it.
 func MultiAccountImportPrivateKey(paramsJSON string) string {
 	var p MultiAccountImportPrivateKeyParams