diff --git a/src/wallet-crypto.js b/src/wallet-crypto.js
index efb57b672..334f6657a 100644
--- a/src/wallet-crypto.js
+++ b/src/wallet-crypto.js
@@ -340,8 +340,7 @@ function stretchPassword (password, salt, iterations, keylen) {
 
 function pbkdf2 (password, salt, iterations, keylen, algorithm) {
   algorithm = algorithm || ALGO.SHA1;
-  var iv = salt.toString('binary');
-  return crypto.pbkdf2Sync(password, iv, iterations, keylen, algorithm);
+  return crypto.pbkdf2Sync(password, salt, iterations, keylen, algorithm);
 }
 
 function hashNTimes (data, iterations) {
diff --git a/tests/wallet_crypto_spec.js b/tests/wallet_crypto_spec.js
index 3513ebebd..d95327770 100644
--- a/tests/wallet_crypto_spec.js
+++ b/tests/wallet_crypto_spec.js
@@ -466,6 +466,19 @@ describe('WalletCrypto', () => {
     it('should not modify the operation is unknown', () => expect(WalletCrypto.cipherFunction('password', 'key', 1000, 'nop')('toto')).toEqual('toto'));
   });
 
+  describe('pbkdf2', () => {
+    it('should compute the correct result', () => {
+      let password = 'password123';
+      let salt = new Buffer('acf98ce0f6fb15ac868f0c2cdbc2c263', 'hex');
+      let iterations = 5000;
+      let keylen = 32;
+
+      let result = WalletCrypto.pbkdf2(password, salt, iterations, keylen);
+      let resultHex = 'f32463775c57e37148b4f54010c794403b34847e99e0b6f381418df09e281900';
+      expect(result.toString('hex')).toEqual(resultHex);
+    });
+  });
+
   describe('scrypt', () => {
     let observer =
       {callback (hash) {}};