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Author Topic: Does Kraken support Segwit type address to withdraw?  (Read 1139 times)
bitart
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September 01, 2017, 01:53:52 PM
 #1

I was trying to withdraw a small amont of LTC to a Trezor from Kraken. Trezor gave me an LTC address, which starts with "M", so it's SegWit address.
When I have entered this address to Kraken, it gave me back an error message: "Invalid Litecoin address provided"
Did anyone faced similar problem? I've made google search, but nothing special. Thanks for the help in advance!

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September 01, 2017, 02:11:58 PM
 #2

I was trying to withdraw a small amont of LTC to a Trezor from Kraken. Trezor gave me an LTC address, which starts with "M", so it's SegWit address.
When I have entered this address to Kraken, it gave me back an error message: "Invalid Litecoin address provided"
Did anyone faced similar problem? I've made google search, but nothing special. Thanks for the help in advance!

AFAIK the Kraken there is no statement about Segwit2x yet. As they have not signed that agreement. If the LTC address with the letter M starts does not work why not use the usual address.

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September 01, 2017, 02:16:19 PM
 #3

I thought Segwit addresses were backward compatible? Anyway not sure if this solution can help but it is recommended from the litecoin project help documentation. You can try and convert your address to the old 3 format here: https://litecoin-project.github.io/p2sh-convert/ Hope that it works.

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September 01, 2017, 02:35:48 PM
 #4

I was trying to withdraw a small amont of LTC to a Trezor from Kraken. Trezor gave me an LTC address, which starts with "M", so it's SegWit address.
When I have entered this address to Kraken, it gave me back an error message: "Invalid Litecoin address provided"
Did anyone faced similar problem? I've made google search, but nothing special. Thanks for the help in advance!

AFAIK the Kraken there is no statement about Segwit2x yet. As they have not signed that agreement. If the LTC address with the letter M starts does not work why not use the usual address.

is this also true for bitcoin? they are not signaling it for bitcoin too or just litecoin?



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bitart
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September 01, 2017, 07:07:14 PM
 #5

I was trying to withdraw a small amont of LTC to a Trezor from Kraken. Trezor gave me an LTC address, which starts with "M", so it's SegWit address.
When I have entered this address to Kraken, it gave me back an error message: "Invalid Litecoin address provided"
Did anyone faced similar problem? I've made google search, but nothing special. Thanks for the help in advance!

AFAIK the Kraken there is no statement about Segwit2x yet. As they have not signed that agreement. If the LTC address with the letter M starts does not work why not use the usual address.
Thanks, I have just checked it with the "Legacy" account and it works fine, I have received the LTCs to the Trezor. This Legacy account starts with letter "L" so it seems that's the old school account and the "M" is the new one. Trezor warns me that I would better to use the "M" account because of the SegWit, but I need to wait until Kraken accepts that kind of address.
Thanks for the converter link too, it was the Plan B if Trezor legacy account fails.

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