Bitcoin Forum

Bitcoin => Bitcoin Technical Support => Topic started by: Altcoinist on April 17, 2021, 02:23:24 PM



Title: old btc Wallet can't communicate with bc1 adress?
Post by: Altcoinist on April 17, 2021, 02:23:24 PM
I have a old wallet with some small amount of BTC. But this wallet have a problem to use address starting with "bc1" symbols. Is there a way how to withdraw deposit?


Title: Re: old btc Wallet can't communicate with bc1 adress?
Post by: ranochigo on April 17, 2021, 02:29:44 PM
What wallet are you using?

Older wallets do not recognize bech32 (bc1) format and if you want to use Segwit, you'll have to use nested segwit which starts with 3.


Title: Re: old btc Wallet can't communicate with bc1 adress?
Post by: o_e_l_e_o on April 17, 2021, 04:11:11 PM
You can either created a nested segwit address instead of a native segwit address and send the coins there instead as ranochigo has suggested, or you can extract the private key from the old wallet and import it in to a wallet such as Electrum (always verify your download first!) which does support sending to native segwit addresses and create the transaction from there instead.

I would suggest, however, that give the current size of the mempool and the average transaction fees required, now is bad time to be moving coins between wallets you own just for the sake of moving from legacy to segwit or consolidating inputs.


Title: Re: old btc Wallet can't communicate with bc1 adress?
Post by: Altcoinist on April 17, 2021, 04:45:10 PM
Thank you very much! I will try this :)