Turn off multi receiving addresses !!! Ledger Nano S

[bjbear123]

I would like to turn off Multiple receiving addresses on the Ledger Nano S because if you receive small amounts of bitcoin every time you press receive on the ledger a different address is shown... this is very annoying because when you want to move all the bitcoin in that address then you have to pay the bitcoin fee for every different address the bitcoin is stored in.

Surely this is very inefficient and Ledger would have thought about this ?

Blockchain.info do the exact same thing, every time you receive bitcoin they generate a new address so when you want to move the bitcoin you have to pay the fee multiple times because all the receiving addresses where different.

[1715137099]

1715137099

[1715137099]

1715137099

[1715137099]

1715137099

[1715137099]

1715137099

[1715137099]

1715137099

[ahmedjamal1998]

I would like to turn off Multiple receiving addresses on the Ledger Nano S because if you receive small amounts of bitcoin every time you press receive on the ledger a different address is shown... this is very annoying because when you want to move all the bitcoin in that address then you have to pay the bitcoin fee for every different address the bitcoin is stored in.

Surely this is very inefficient and Ledger would have thought about this ?

Blockchain.info do the exact same thing, every time you receive bitcoin they generate a new address so when you want to move the bitcoin you have to pay the fee multiple times because all the receiving addresses where different.

There is nothing that you need to turn off. First of all, you bought a ledger in the first place because you supposedly care about privacy and security. So that's how you do it. You get a lot of addresses so that your total balance is kind of private.

But with the fees issue that we have right now it must be frustrating as a lot of addresses means a lot of outputs and a bigger transaction when you want to make one. Which of course means you're paying way more in fees (the fees are too high right now with no less than 350 sat/byte if you want the transaction to go through any time soon).

There is nothing that you have to disable. Use any of the addresses that you got money on previously and it would still end up on your balance. Any address ever assigned to you is still yours for ever. You can confirm what I'm saying over here (just look it up on google) or just try testing it out yourself.

http://archive.is/OvHdO#selection-5163.0-5187.425

In fact, this is a general thing. Blockchain.info and coinbase do the same thing and you can still use the old addresses to receive btc on the wallet as much as you want.

[Dailyroberts]

Actually there is the solution. Ledger nao s or blockchain.info wallet give you different addresses every time you get a bitcoin payment. But the older ones are also still belonging to you.

You can try getting payment to one address only, neglect the new one. This way, you will receive your payment to only one address.

[Soros Shorts]

Even if you have many small transactions going to the same address you would still have to pay the fees to combine them when you later wish to spend them. The tx size is still based on the individual transactions going to that single address. So I believe your reason for wanting to do so (to save fees when you later spend these small transactions) is invalid.

[Iranus]

It's imperative for your privacy and security that you avoid reusing your addresses as much as possible.

It would be very irresponsible for any wallet software to suggest reusing addresses by default.

However, you can still receive to any of the older addresses that were generated in your wallet forever.  There should be a tab to see addresses that were previously used, and you can see the addresses in your wallet's transaction history or you can save them.

It also doesn't decrease your fees.  Refer to this article for details.