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Author Topic: Legacy or Segwit on Ledger Nano S  (Read 1545 times)
GreekCoiner
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March 09, 2018, 07:23:04 PM
 #21

Are you kidding me? You have the opportunity to choose segwit BIP 49 and you ask that? Of course segwit. Smiley
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March 09, 2018, 07:36:48 PM
 #22

Well i have my btc in electrum at the moment.  First off, is electrum legacy?  I assume its not segwit right?

I want to move my btc from electrum into nano ledger s.  So to make it safe, just make the nano ledger s legacy?

The other thing is once i do this, i want to get bitcoin cash with electron cash on my computer.  Then either keep bitcoin cash in electroncash wallet or move it to nano ledger s.

I would definitely want to do transactions with sending btc to and from nano ledger s.  Thus use it like i did with electrum where send/receive is easy.

I also wouldn't mind lesser fees.  But you could still control the fees yourself right?  I read it doesn't even matter since if you choose segwit as oppose
 to legacy, it automatically does the fee and speed but even if you choose segwit, you could just put less fees?


So in my situation where i basically want to move my btc from electrum to nano ledger s for now and not do any transactions from nano ledger s to any other site for a bit, just choose legacy?  Someone below you say choose segwit but i dont want any issues where if i send btc from electrum to nano s... there would be issues not likes not compatible?  I want to make it as simple as you can get.
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March 09, 2018, 07:47:01 PM
 #23

Well i have my btc in electrum at the moment.  First off, is electrum legacy?  I assume its not segwit right?
You can create both kinds of wallets with Electrum.

I want to move my btc from electrum into nano ledger s.  So to make it safe, just make the nano ledger s legacy?
Make safe from what? Just choose Segwit. You will be helping the network and paying less fees.

The other thing is once i do this, i want to get bitcoin cash with electron cash on my computer.  Then either keep bitcoin cash in electroncash wallet or move it to nano ledger s.
Moving both of them to your Nano S would be the better option.

I also wouldn't mind lesser fees.  But you could still control the fees yourself right?  I read it doesn't even matter since if you choose segwit as oppose
 to legacy, it automatically does the fee and speed but even if you choose segwit, you could just put less fees?
I believe you can customize the fees regardless of what kind of wallet you are using.

So in my situation where i basically want to move my btc from electrum to nano ledger s for now and not do any transactions from nano ledger s to any other site for a bit, just choose legacy?  Someone below you say choose segwit but i dont want any issues where if i send btc from electrum to nano s... there would be issues not likes not compatible?  I want to make it as simple as you can get.
There will be no issues since Nano S' Segwit address start with a 3 and not bc1.

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March 09, 2018, 08:08:09 PM
 #24

hi there thanks.


Okay i noticed something very strange.  I had reset my nano ledger a few times already and written the 24 word each time.  Well i did it this time, i noticed that in the 24 word phrase, the same word is used twice.  I had to make sure of this when writing it down because i thought didnt i just write the word down and it did.  So imagine the word is outdoor and it shows that in word number 5 and word number 23.  Is this normal?  i made sure and went back and its the same word but different word numbers.
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March 09, 2018, 08:11:24 PM
 #25

Okay i noticed something very strange.  I had reset my nano ledger a few times already and written the 24 word each time.  Well i did it this time, i noticed that in the 24 word phrase, the same word is used twice.  I had to make sure of this when writing it down because i thought didnt i just write the word down and it did.  So imagine the word is outdoor and it shows that in word number 5 and word number 23.  Is this normal?  i made sure and went back and its the same word but different word numbers.
Don't worry. There is nothing wrong with that.

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March 10, 2018, 11:15:12 AM
 #26

I want to move my btc from electrum into nano ledger s.  So to make it safe, just make the nano ledger s legacy?

Both can be used without any problems.
Especially because ledger is using the nested P2SH (no compatibility problems at all).



Then either keep bitcoin cash in electroncash wallet or move it to nano ledger s.

It is advised to move anything you can to your hardware wallet.
Its more secured and thats what you should be wanting to achieve.



I would definitely want to do transactions with sending btc to and from nano ledger s.  Thus use it like i did with electrum where send/receive is easy.

The decision between legacy and segwit on the nano s has nothing to do with the usability.



I also wouldn't mind lesser fees.  But you could still control the fees yourself right?

You can always set the fee you want. SegWit will make your transactions smaller in size.
Therefore you will save some BTC in fees.



So in my situation where i basically want to move my btc from electrum to nano ledger s for now and not do any transactions from nano ledger s to any other site for a bit, just choose legacy?  Someone below you say choose segwit but i dont want any issues where if i send btc from electrum to nano s... there would be issues not likes not compatible?  I want to make it as simple as you can get.

You don't have any problems with P2SH addresses since they are already available since very very early in the bitcoin saga.
Some websites don't accept bech32 addresses (starting with bc1..) yet, simply because they didn't update their site.
Nested P2SH segwit (starting with 3..) won't give you any problems at all.


Conclusion: Use segwit

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