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Author Topic: Ledger Nano S and Segwit2x  (Read 1405 times)
andyroo
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November 06, 2017, 06:59:55 AM
 #1

hey guys,

So my question is in regards to the Ledger nano s and the upcoming hard fork. If I have a BTC on ledger nano S on the segwit chain (since that is what is selected for me when I chose 'I don't know'). Will it still get me the free coin?

Should I move my BTC to the legacy chain on ledger? or I will still get the free coin regardless if it is on segwit or legacy chain?

Will I simply split it, as per instructions for how ledger said for Bitcoin Cash claim?

Thanks
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bob123
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November 06, 2017, 03:05:57 PM
 #2

Your coins are not on a "segwit chain". There is no legacy-/segwit chain.
You have your bitcoins stored in a segwit-address format.
Regarding the fork, you don't have to move your funds to "get your free coins".
It doesn't matter whether you store them in legacy or segwit format.
As long you have access to your private keys, you will be able to access your forked coins.
Ledger will probably be dealing with this fork as with earlier fork already.

helicoptersex
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November 07, 2017, 07:41:45 AM
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what is legacy funds option for?
thanks,
Salmen
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November 07, 2017, 04:34:23 PM
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what is legacy funds option for?
thanks,
The legacy wallet is a wallet that does not have the Segwit functionality like faster confirmation and low fees thanks to the lower transaction size. Hence, I rather sending or leaving the bitcoins in the Segwit wallet.

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November 07, 2017, 11:14:45 PM
 #5

You should also probably mention that the "legacy" wallet is simply the original Bitcoin wallet... it produces "1" type addresses, that are compatible with pretty much ALL Bitcoin wallets/services and also allows for message signing and easy exporting of private keys if required. Unlike SegWit ones...

Use of SegWit does not necessarily guarantee faster confirmation times unless miners are prioritising SegWit transactions... but it should help reduce the size (and therefore fee) of a transaction to a certain extent.

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