Bitcoin Forum

Bitcoin => Electrum => Topic started by: btctrader99 on April 25, 2019, 08:57:25 AM



Title: Electrum new address problem
Post by: btctrader99 on April 25, 2019, 08:57:25 AM
Hello, lastly when I generate a new wallet the addresses begin with " bc1q ".
The problem is that some merchants said me that they are not able to send money to these address.
Why happened this ? What kind of address are these ?
How can I have again " standard " address ?
Thanks


Title: Re: Electrum new address problem
Post by: djhomeschool on April 25, 2019, 09:05:24 AM
Hello, lastly when I generate a new wallet the addresses begin with " bc1q ".
The problem is that some merchants said me that they are not able to send money to these address.
Why happened this ? What kind of address are these ?
How can I have again " standard " address ?
Thanks

Those are Segwit addresses.
When you create a new wallet you have to select "Legacy" and not "Segwit".


Title: Re: Electrum new address problem
Post by: moha sasa on April 25, 2019, 12:57:52 PM
Hello, lastly when I generate a new wallet the addresses begin with " bc1q ".
The problem is that some merchants said me that they are not able to send money to these address.
Why happened this ? What kind of address are these ?
How can I have again " standard " address ?
Thanks

- If you want to have a legacy address(starting with "1"):-

- Click on File menu then choose New/Restore then enter a new name for your new wallet then press next, then choose standard wallet then press next, then choose create a new seed then choose Legacy as your seed type instead of Segwit, then I believe you can continue the reset of the steps on your own.

- About Segwit addresses(starting with "bc1"), I believe this thread is very comprehensive:-

https://bitcointalk.org/index.php?topic=2347427.0;all



Title: Re: Electrum new address problem
Post by: btctrader99 on April 27, 2019, 04:51:57 AM
Thank you very much for your help, you gave me good indications. :D


Title: Re: Electrum new address problem
Post by: joniboini on April 28, 2019, 01:40:48 AM
Thank you very much for your help, you gave me good indications. :D

Have you asked those merchants whether or not they accept segwit (the one that start with 3..)?
They might not support bc1 address but there's a chance they support nested segwit address.
If they do support it, I think you should use that instead to save more fees.


Title: Re: Electrum new address problem
Post by: TryNinja on April 28, 2019, 02:13:19 AM
I’m pretty sure almost every (if not all) service supports “3l addresses simple because they are out for many years (multisig and p2sh);

You can create a nested Segwit wallet (starting with “3”) by following this: https://bitcoinelectrum.com/creating-a-p2sh-segwit-wallet-with-electrum/