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Author Topic: BTC segwit address  (Read 246 times)
fred21
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September 01, 2017, 12:21:58 PM
 #1

Hi,

I heard that in order to use segwit one has to create a BTC segwit address and to make segwit transaction.

Since the Hard fork of beginning of august 2017, I haven't move my BTC from my paper wallet. So my BTC (and BCH) are on an old BTC address.

Can someone confirm there is no issue leaving my fund on this wallet even with segwit now activated?

thanks
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rebel92
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September 01, 2017, 12:40:00 PM
 #2

Yes no problem you can keep your coins there, and once the coins are received into a Segwit address, succeeding time they're spent or moved they'll be spent with all the features in Segwit. they'll be spent to any address once this happens. Segwit and paper addresses will move along side no problems, and it will not matter wherever they are from or where they are going to.

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fred21
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September 10, 2017, 10:42:00 AM
 #3

Yes no problem you can keep your coins there, and once the coins are received into a Segwit address, succeeding time they're spent or moved they'll be spent with all the features in Segwit. they'll be spent to any address once this happens. Segwit and paper addresses will move along side no problems, and it will not matter wherever they are from or where they are going to.

Can someone else confirm that there is no problem letting my BCH and BTC on a non-segwit address for a very long period?

thanks
ScripterRon
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September 10, 2017, 01:17:27 PM
 #4

Yes no problem you can keep your coins there, and once the coins are received into a Segwit address, succeeding time they're spent or moved they'll be spent with all the features in Segwit. they'll be spent to any address once this happens. Segwit and paper addresses will move along side no problems, and it will not matter wherever they are from or where they are going to.

Can someone else confirm that there is no problem letting my BCH and BTC on a non-segwit address for a very long period?

thanks
Your bitcoins are safe and do not need to be moved (Bitcoin Cash does not even support SegWit).  My wallet supports SegWit but leaves it to the user to decide which address to use (the same private key can be used with both P2PKH and P2SH-P2WPKH receive addresses).
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