diff --git a/pkgs/by-name/li/libbase58/package.nix b/pkgs/by-name/li/libbase58/package.nix
new file mode 100644
index 000000000000..94f7c4ec8bc7
--- /dev/null
+++ b/pkgs/by-name/li/libbase58/package.nix
@@ -0,0 +1,36 @@
+{
+  lib,
+  stdenv,
+  fetchFromGitHub,
+  autoreconfHook,
+  libgcrypt,
+  pkg-config,
+}:
+
+stdenv.mkDerivation rec {
+  pname = "libbase58";
+  version = "0.1.4";
+
+  src = fetchFromGitHub {
+    owner = "bitcoin";
+    repo = "libbase58";
+    rev = "v${version}";
+    hash = "sha256-CU55V89GbcYnrhwTPFMd13EGeCk/x9nQswUZ2JsYsUU=";
+  };
+
+  nativeBuildInputs = [
+    autoreconfHook
+    pkg-config
+  ];
+
+  buildInputs = [ libgcrypt ];
+
+  meta = {
+    description = "C library for Bitcoin's base58 encoding";
+    homepage = "https://github.com/bitcoin/libbase58";
+    license = lib.licenses.mit;
+    maintainers = with lib.maintainers; [ nagy ];
+    mainProgram = "base58";
+    platforms = lib.platforms.all;
+  };
+}