Send bitcoin from segwit to legacy

Can I safely send BTC from SegWit to legacy wallet? -Short answer is YES, you can. -Expecting some elaboration below, what are the risks.
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It will then display the address' transaction history. But if you're privacy conscious, you should host your own block explorer. Also consider connecting to one using Tor. Because if you're typing unique addresses into an online service, they can map that to your device. Regardless, knowing how to use a block explorer is a key skill to have within the world of Bitcoin. It's like knowing how to use Google. Give it a try using the example addresses in the beginning of this blog post. I've covered block explorers, transaction fee rates, and mempools in another blog post.

I recommend reading it if you haven't already. Side note: I've also created a full guide on how to use mempool. Depending on your software, you might notice that your Bitcoin address often changes. Don't worry, this is standard practice and good for your privacy and security! Changing addresses can be confusing to new users. They expect their Bitcoin address to stay the same, like their home address.

But Bitcoin addresses are more like tissues - they're disposable for each transaction.

Your Answer

Reusing Bitcoin addresses is not "sanitary" for your privacy and security. Again, the Bitcoin blockchain and all transactions recorded on it are public. Whoever receives bitcoin from you can see your address and its history. If you reuse the same address, they can easily find out your Bitcoin savings and more by using a block explorer. So you should avoid reusing addresses. The HD wallet topic is outside the scope of this blog post.


  • How Do I Transfer My Bitcoin from My Legacy Address to My SegWit Address? – ShapeShift Help Center.
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  • Why was SegWit implemented?.
  • What is the SegWit wallet and how does it work?.

But in short, these wallets generate a ton of addresses for you using a single private key, and are now the standard. Make sure not to confuse HD wallets with hardware wallets. If you're interested in learning more about BIP32 HD wallets and the differences between private keys vs. You might be wondering: "If we're all using new addresses for every transaction, can we ever generate duplicates of addresses already in use? As covered in the Bitcoin Wiki , Bitcoin addresses are basically random numbers.

It's possible, although extremely unlikely, for two people to generate the same address.


  • btc written exam paper 2021;
  • How To Send Bitcoin Faster And Cheaper Over SegWit Transactions?.
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  • The SegWit Bitcoin addresses.

Bitcoiners call this an address collision. If this happens, then either person could spend the bitcoin sent to that address. Murch, a highly-respected Bitcoin engineer and moderator of the Bitcoin Stack Exchange, explains :. Would it be possible for either person to spend the funds of the entire wallet? Not if they avoid address reuse!

They can only spend the funds associated with that one address. Many now advise against using them. Legacy addresses incur the most expensive transaction fees when sending payments. They also limit the Bitcoin network's ability to scale.

Wallet address formats that we support

And their case-sensitive nature often causes unwanted errors. Even though they have many drawbacks, some incompetent wallets and exchanges still use this address type. If your vendor is still using Legacy addresses, let me know in the comments below. They also help the network scale and are case-insensitive. SegWit Segregated Witness is a topic that deserves its own blog post. But for the scope of this article, know that SegWit reduces transaction sizes.

Legacy Or Segwit On Ledger: How To Migrate To Segwit & Why You Should

With smaller transaction sizes:. These Native SegWit Bech32 addresses are backwards-compatible with legacy addresses.

But you need to be careful. Don't transact with "bc1" addresses if your wallet or exchange doesn't support them. You might lose your funds! Check in with your vendor to see whether they support Bech32 addresses. Let me know in the comments below. They have some of the benefits of Native SegWit but not all. However , most all?

Different types of Bitcoin wallets: Legacy vs Segwit wallets

Then most likely the wallet will not be able to validate that the Segwit address can exist. Therefore the user will get an error and will not be able to send funds to your Segwit address. This is probably pretty unlikely now as all major wallets have implemented Segwit and it might even be better if you have a nice enough product to force your customer to use a wallet that supports Segwit so we help weed out those users. Thank you very much for this clarification.

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How to move BTC from legacy to Segwit address

Resolved danescobar danescobar 1 year, 7 months ago. Viewing 3 replies - 1 through 3 of 3 total. Plugin Author Nomiddleman Crypto nomiddleman 1 year, 7 months ago. Our apologies as the website is misleading.