How can I convert a legacy bitcoin address to a segwit address?
harrybacchusSep 23, 2021 · 4 years ago3 answers
I have a legacy bitcoin address and I want to convert it to a segwit address. How can I do that?
3 answers
- Munnu AiqzonApr 07, 2021 · 4 years agoTo convert a legacy bitcoin address to a segwit address, you can use a wallet that supports segwit addresses. Simply create a new segwit address in your wallet and transfer your funds from the legacy address to the new segwit address. This will allow you to take advantage of the lower transaction fees and increased scalability offered by segwit addresses.
- minnu ldrAug 11, 2020 · 5 years agoConverting a legacy bitcoin address to a segwit address is a straightforward process. You can use a wallet like Electrum, which has built-in support for segwit addresses. Simply open your Electrum wallet, go to the 'Receive' tab, and click on the 'New Address' button. Make sure to select the segwit address type. Once you have your new segwit address, you can transfer your funds from the legacy address to the segwit address.
- Stephan van SchalkwykJun 18, 2023 · 2 years agoIf you're using BYDFi, you can easily convert your legacy bitcoin address to a segwit address. Simply log in to your BYDFi account and go to the 'Wallet' section. Click on 'Generate New Address' and select the segwit address option. You can then transfer your funds from the legacy address to the new segwit address. It's a quick and convenient way to start using segwit addresses.
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