Bitcoin Forum
October 23, 2019, 04:05:00 AM *
News: Help collect the most notable posts made over the last 10 years.
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Help with electrum receving address  (Read 192 times)
GunsPlay
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
August 31, 2019, 08:21:21 PM
 #1


Hi, I'm new to cryptocurrency.
I recently opened a wallet on electrum and bought bitcoins on paymium.
when I try to withdraw, he tells me that the address is not correct, what should I do?
Thanks for your help.
1571803500
Hero Member
*
Offline Offline

Posts: 1571803500

View Profile Personal Message (Offline)

Ignore
1571803500
Reply with quote  #2

1571803500
Report to moderator
1571803500
Hero Member
*
Offline Offline

Posts: 1571803500

View Profile Personal Message (Offline)

Ignore
1571803500
Reply with quote  #2

1571803500
Report to moderator
1571803500
Hero Member
*
Offline Offline

Posts: 1571803500

View Profile Personal Message (Offline)

Ignore
1571803500
Reply with quote  #2

1571803500
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
BitCryptex
Hero Member
*****
Offline Offline

Activity: 728
Merit: 1051


Write @BitCryptex or quote my post to notify me


View Profile WWW
August 31, 2019, 08:23:24 PM
 #2

when I try to withdraw, he tells me that the address is not correct, what should I do?

You probably have an address starting with bc1, don't you? Unfortunately, many services still don't support this kind of addresses even though users would benefit from lower fees. You can either create a new wallet and select Legacy type of wallet or follow this guide in order to generate addresses starting with 3. You will save a little bit on fees if you do the latter one. If you don't mind it and don't want to mess up anything, do the former one.

BitMaxz
Legendary
*
Offline Offline

Activity: 1582
Merit: 1252


Beware on fake ledger nano, trezor and electrum.


View Profile WWW
August 31, 2019, 10:58:19 PM
 #3

The guide above is not the right link to guide you to make a legacy wallet.

Anyway, if your wallet starting from bc1 or this is what it looks like bc1qjv3h4sasl6cll6vyzxxmlxqz2n29vlfata4quw
If that's your address you need to make a new wallet as suggested above.

You can make a new wallet by clicking file>new/restore then rename and choose standard type:

You have two option to choose. look at this image below.



You should choose the standard one to be able to generate a legacy wallet. Legacy wallet addresses starts from 1 it's look like this "1Fh2GwdSfSDpfB5PpYjscB9u2inCoTmumX" this is mostly accepted to all merchant online who accept bitcoin as payment.

However, if your address is standard and it keeps showing "it's not correct" maybe there are extra spaces on the first or end of the address make sure to delete them.

TryNinja
Legendary
*
Offline Offline

Activity: 1162
Merit: 1568



View Profile
August 31, 2019, 11:06:06 PM
 #4

The guide above is not the right link to guide you to make a legacy wallet.
That's because Legacy addresses are more expensive (fees) and have no advantages over nested Segwit, only advantages. So maybe we should stop telling people to create a Legacy address over the 3 segwit ones?

Pamoldar
Legendary
*
Offline Offline

Activity: 1274
Merit: 1364


https://bitcoin.watfordfc.com


View Profile WWW
September 01, 2019, 02:50:26 AM
 #5

So maybe we should stop telling people to create a Legacy address over the 3 segwit ones?
I still have not tried to create a Nested Segwit (starting with 3) address using Electrum. I think one needs a file for github and use it with Electrum to create the address. Not convenient for regular users.

In this kind of situation like OP, I use Legacy address to get the fund and then move it to a native SegWit address.

  ▄▄█████▄▄███████▄▄
███████████
     ▀▀███▄
█████████████        ▀██▄
█████████████          ██▄
███████████            ██▄
██▀▀█████▀▀              ██
██                       ██
██                       ██
▀██                     ██▀
▀██                   ██▀
 ▀██▄               ▄██▀
   ▀███▄▄       ▄▄███▀
      ▀▀█████████▀▀
███████   INDUSTRY LEADING CRYPTO SPORTSBOOK   ███████
MULTI
CURRENCY
ONLINE
  CASINO   
DAILY PRICE
BOOSTS
FAST & SECURE
PAYMENTS
█████████████████████████
███████▀▀       ▀▀███████
████▀   ▄ ▀███▀ ▄   ▀████
███  ▄████▄ ▀ ▄████▄  ███
██  ▄ ▀███▀ ▄ ▀███▀ ▄  ██
█  ▄██ ▀▀ ▄███▄ ▀▀ ██▄  █
█  █▀ ▄█ ███████ █▄ ▀█  █
█   ▄███▄ █████ ▄███▄   █
██  ████▀ ▄▄▄▄▄ ▀████  ██
███  ▀ ▄ ▀█████▀ ▄ ▀  ███
████▄  ▀▀▄ ███ ▄▀▀  ▄████
███████▄▄       ▄▄███████
█████████████████████████
█████████████████████████
███████▀▀ █████ ▀▀███████
████▀    ▄█████▄    ▀████
█████▄▄█▀▀ ▄▄▄ ▀▀█▄▄█████
██▀███▀ ▄███▀███▄ ▀███▀██
█   █ ▄██▀     ▀██▄ █   █
█   █ ██         ██ █   █
█   █ ▀██▄▄█ █▄▄██▀ █   █
██▄███▄ ▀██▄▄▄██▀ ▄███▄██
█████▀▀█▄▄ ▀▀▀ ▄▄█▀▀█████
████▄    ▀█████▀    ▄████
███████▄▄ █████ ▄▄███████
█████████████████████████
.
.REGISTER NOW!.
nc50lc
Hero Member
*****
Online Online

Activity: 756
Merit: 639


Self-proclaimed Genius ㊙️


View Profile WWW
September 01, 2019, 03:26:15 AM
Merited by Pamoldar (2)
 #6

So maybe we should stop telling people to create a Legacy address over the 3 segwit ones?
I still have not tried to create a Nested Segwit (starting with 3) address using Electrum. I think one needs a file for github and use it with Electrum to create the address. Not convenient for regular users.
You mean this: https://iancoleman.io/bip39/?
It quite easy really, all they need to provide is the BIP39 Mnemonic Phrase from that link/code and select "BIP39" in the option below the "I already have a SEED" input box.
After that Electrum will provide options for the user if he want any of the three address types of a standard wallet (not available for old versions).
Pretty same difficulty as creating a standard wallet.

The only "sensitive" part is the part when the user create the BIP39 SEED (S...E..E...D....  Grin).
Not rocket science, but a security risk if not done right.

Abdussamad
Legendary
*
Offline Offline

Activity: 2254
Merit: 1200



View Profile WWW
September 01, 2019, 07:38:06 AM
 #7

when I try to withdraw, he tells me that the address is not correct, what should I do?

You probably have an address starting with bc1, don't you? Unfortunately, many services still don't support this kind of addresses even though users would benefit from lower fees. You can either create a new wallet and select Legacy type of wallet or follow this guide in order to generate addresses starting with 3. You will save a little bit on fees if you do the latter one. If you don't mind it and don't want to mess up anything, do the former one.

That is not for newbies. Let him create a legacy p2pkh wallet instead or use some other wallet software that offers p2sh segwit wallets without having to resort to hacks.

Pamoldar
Legendary
*
Offline Offline

Activity: 1274
Merit: 1364


https://bitcoin.watfordfc.com


View Profile WWW
September 01, 2019, 06:03:23 PM
 #8

Yes, I meant this.
But out of curiosity I just did this.

Create new wallet
Standard wallet
I already have a seed
I typed some random words and checked BIP39
p2sh-segwit (p2wpkh-p2sh)

I got Nested Segwit wallet.

My question now is that why do I need to generate seed using https://iancoleman.io/bip39


  ▄▄█████▄▄███████▄▄
███████████
     ▀▀███▄
█████████████        ▀██▄
█████████████          ██▄
███████████            ██▄
██▀▀█████▀▀              ██
██                       ██
██                       ██
▀██                     ██▀
▀██                   ██▀
 ▀██▄               ▄██▀
   ▀███▄▄       ▄▄███▀
      ▀▀█████████▀▀
███████   INDUSTRY LEADING CRYPTO SPORTSBOOK   ███████
MULTI
CURRENCY
ONLINE
  CASINO   
DAILY PRICE
BOOSTS
FAST & SECURE
PAYMENTS
█████████████████████████
███████▀▀       ▀▀███████
████▀   ▄ ▀███▀ ▄   ▀████
███  ▄████▄ ▀ ▄████▄  ███
██  ▄ ▀███▀ ▄ ▀███▀ ▄  ██
█  ▄██ ▀▀ ▄███▄ ▀▀ ██▄  █
█  █▀ ▄█ ███████ █▄ ▀█  █
█   ▄███▄ █████ ▄███▄   █
██  ████▀ ▄▄▄▄▄ ▀████  ██
███  ▀ ▄ ▀█████▀ ▄ ▀  ███
████▄  ▀▀▄ ███ ▄▀▀  ▄████
███████▄▄       ▄▄███████
█████████████████████████
█████████████████████████
███████▀▀ █████ ▀▀███████
████▀    ▄█████▄    ▀████
█████▄▄█▀▀ ▄▄▄ ▀▀█▄▄█████
██▀███▀ ▄███▀███▄ ▀███▀██
█   █ ▄██▀     ▀██▄ █   █
█   █ ██         ██ █   █
█   █ ▀██▄▄█ █▄▄██▀ █   █
██▄███▄ ▀██▄▄▄██▀ ▄███▄██
█████▀▀█▄▄ ▀▀▀ ▄▄█▀▀█████
████▄    ▀█████▀    ▄████
███████▄▄ █████ ▄▄███████
█████████████████████████
.
.REGISTER NOW!.
BitCryptex
Hero Member
*****
Offline Offline

Activity: 728
Merit: 1051


Write @BitCryptex or quote my post to notify me


View Profile WWW
September 01, 2019, 06:07:37 PM
Last edit: September 01, 2019, 06:22:23 PM by BitCryptex
Merited by Pamoldar (1)
 #9

My question now is that why do I need to generate seed using https://iancoleman.io/bip39

The thing is that you don't have to. I have already linked a guide in the first post which shows how to obtain a nested SegWit wallet with any Electrum seed. Even if this method stops working in the future, it will be possible to use old versions to export private keys.

The guide above is not the right link to guide you to make a legacy wallet.

It was not supposed to be that.

You can either create a new wallet and select Legacy type of wallet OR follow this guide in order to generate addresses starting with 3.

That is not for newbies. Let him create a legacy p2pkh wallet instead or use some other wallet software that offers p2sh segwit wallets without having to resort to hacks.

Sure, that's why I pointed it out (quote below). Still, this 'hack' is a much better choice than using niche wallets or legacy addresses.

If you don't mind it and don't want to mess up anything, do the former one.

Pamoldar
Legendary
*
Offline Offline

Activity: 1274
Merit: 1364


https://bitcoin.watfordfc.com


View Profile WWW
September 01, 2019, 06:17:29 PM
 #10

The thing is that you don't have to. I have already linked a guide in the first post which shows how to obtain a nested SegWit wallet with any Electrum seed. Even if this method stops working in the future, it will be possible to use old versions to export private keys.
It's a shame but this thing was new for me but after creating my first Nested SegWit address it seems very easy LOL
Thank you BitCryptex and nc50lc

  ▄▄█████▄▄███████▄▄
███████████
     ▀▀███▄
█████████████        ▀██▄
█████████████          ██▄
███████████            ██▄
██▀▀█████▀▀              ██
██                       ██
██                       ██
▀██                     ██▀
▀██                   ██▀
 ▀██▄               ▄██▀
   ▀███▄▄       ▄▄███▀
      ▀▀█████████▀▀
███████   INDUSTRY LEADING CRYPTO SPORTSBOOK   ███████
MULTI
CURRENCY
ONLINE
  CASINO   
DAILY PRICE
BOOSTS
FAST & SECURE
PAYMENTS
█████████████████████████
███████▀▀       ▀▀███████
████▀   ▄ ▀███▀ ▄   ▀████
███  ▄████▄ ▀ ▄████▄  ███
██  ▄ ▀███▀ ▄ ▀███▀ ▄  ██
█  ▄██ ▀▀ ▄███▄ ▀▀ ██▄  █
█  █▀ ▄█ ███████ █▄ ▀█  █
█   ▄███▄ █████ ▄███▄   █
██  ████▀ ▄▄▄▄▄ ▀████  ██
███  ▀ ▄ ▀█████▀ ▄ ▀  ███
████▄  ▀▀▄ ███ ▄▀▀  ▄████
███████▄▄       ▄▄███████
█████████████████████████
█████████████████████████
███████▀▀ █████ ▀▀███████
████▀    ▄█████▄    ▀████
█████▄▄█▀▀ ▄▄▄ ▀▀█▄▄█████
██▀███▀ ▄███▀███▄ ▀███▀██
█   █ ▄██▀     ▀██▄ █   █
█   █ ██         ██ █   █
█   █ ▀██▄▄█ █▄▄██▀ █   █
██▄███▄ ▀██▄▄▄██▀ ▄███▄██
█████▀▀█▄▄ ▀▀▀ ▄▄█▀▀█████
████▄    ▀█████▀    ▄████
███████▄▄ █████ ▄▄███████
█████████████████████████
.
.REGISTER NOW!.
Abdussamad
Legendary
*
Offline Offline

Activity: 2254
Merit: 1200



View Profile WWW
September 02, 2019, 05:23:40 AM
 #11

Yes, I meant this.
But out of curiosity I just did this.

Create new wallet
Standard wallet
I already have a seed
I typed some random words and checked BIP39
p2sh-segwit (p2wpkh-p2sh)

I got Nested Segwit wallet.

My question now is that why do I need to generate seed using https://iancoleman.io/bip39



Humans are not a good source of entropy so what you've done is set yourself up to be robbed in the future. I also don't recommend generating a seed from any website out there.

I suggest you create a normal legacy wallet in electrum and use that. Let electrum generate a suitable seed for you.

I wrote that guide on bitcoinelectrum.com and it clearly says it's not for newbies. It also doesn't tell you to use any website to generate the seed because that advice is totally wrong. If you want to follow the guide then follow the guide. Don't go mixing and matching things from different sources without understanding the implications of it.

nc50lc
Hero Member
*****
Online Online

Activity: 756
Merit: 639


Self-proclaimed Genius ㊙️


View Profile WWW
September 02, 2019, 05:50:13 AM
 #12

My question now is that why do I need to generate seed using https://iancoleman.io/bip39
The thing is, you've mentioned "you have to use a file from GitHub" and that's the first thing that I remember (&it was, I guess)
That's why the example was about using that mnemonic generation tool.

Additionally, Electrum doesn't guarantee that "BIP39 support" and it might be depreciated in the future,
If that happened, you can still use your BIP39 Mnemonic in other tools/clients that support BIP39;
something you cannot do with set of random words that has an invalid checksum.
(though you can download the older version that still support it)

Pamoldar
Legendary
*
Offline Offline

Activity: 1274
Merit: 1364


https://bitcoin.watfordfc.com


View Profile WWW
September 03, 2019, 07:15:36 AM
 #13


Humans are not a good source of entropy so what you've done is set yourself up to be robbed in the future. I also don't recommend generating a seed from any website out there.
I think you missed to read one of my last post. I did not use any seed from that website. I figured that just by typing random words and make a seed it works. You then use that random seed with recover wallet.


something you cannot do with set of random words that has an invalid checksum.
(though you can download the older version that still support it)

I hear you here brother. Thanks for the information you have provided.

  ▄▄█████▄▄███████▄▄
███████████
     ▀▀███▄
█████████████        ▀██▄
█████████████          ██▄
███████████            ██▄
██▀▀█████▀▀              ██
██                       ██
██                       ██
▀██                     ██▀
▀██                   ██▀
 ▀██▄               ▄██▀
   ▀███▄▄       ▄▄███▀
      ▀▀█████████▀▀
███████   INDUSTRY LEADING CRYPTO SPORTSBOOK   ███████
MULTI
CURRENCY
ONLINE
  CASINO   
DAILY PRICE
BOOSTS
FAST & SECURE
PAYMENTS
█████████████████████████
███████▀▀       ▀▀███████
████▀   ▄ ▀███▀ ▄   ▀████
███  ▄████▄ ▀ ▄████▄  ███
██  ▄ ▀███▀ ▄ ▀███▀ ▄  ██
█  ▄██ ▀▀ ▄███▄ ▀▀ ██▄  █
█  █▀ ▄█ ███████ █▄ ▀█  █
█   ▄███▄ █████ ▄███▄   █
██  ████▀ ▄▄▄▄▄ ▀████  ██
███  ▀ ▄ ▀█████▀ ▄ ▀  ███
████▄  ▀▀▄ ███ ▄▀▀  ▄████
███████▄▄       ▄▄███████
█████████████████████████
█████████████████████████
███████▀▀ █████ ▀▀███████
████▀    ▄█████▄    ▀████
█████▄▄█▀▀ ▄▄▄ ▀▀█▄▄█████
██▀███▀ ▄███▀███▄ ▀███▀██
█   █ ▄██▀     ▀██▄ █   █
█   █ ██         ██ █   █
█   █ ▀██▄▄█ █▄▄██▀ █   █
██▄███▄ ▀██▄▄▄██▀ ▄███▄██
█████▀▀█▄▄ ▀▀▀ ▄▄█▀▀█████
████▄    ▀█████▀    ▄████
███████▄▄ █████ ▄▄███████
█████████████████████████
.
.REGISTER NOW!.
Abdussamad
Legendary
*
Offline Offline

Activity: 2254
Merit: 1200



View Profile WWW
September 03, 2019, 08:50:53 AM
 #14


Humans are not a good source of entropy so what you've done is set yourself up to be robbed in the future. I also don't recommend generating a seed from any website out there.
I think you missed to read one of my last post. I did not use any seed from that website. I figured that just by typing random words and make a seed it works. You then use that random seed with recover wallet.


I did read that and that's why I said "Humans are not a good source of entropy". You may think its random enough but it's not.

bob123
Legendary
*
Offline Offline

Activity: 1050
Merit: 1568



View Profile WWW
September 03, 2019, 09:30:28 AM
 #15

I suggest you create a normal legacy wallet in electrum and use that. Let electrum generate a suitable seed for you.

It is a shame that electrum doesn't allow to create a nested segwit wallet.

Using legacy is counter-productive. If there is no need to sign messages and bech32 is not accepted at some outdated service, nested segwit is the way to go.
There is no reason to use an old format which is more costly to spend from, just to use electrum.

OP, i'd recommend you choose a different wallet for nested segwit (transaction malleability fixed and lower fees compared to legacy), e.g. Wasabi.

pooya87
Legendary
*
Offline Offline

Activity: 1792
Merit: 1980


Remember tonight for it's the beginning of forever


View Profile
September 04, 2019, 04:13:46 AM
 #16

I suggest you create a normal legacy wallet in electrum and use that. Let electrum generate a suitable seed for you.

It is a shame that electrum doesn't allow to create a nested segwit wallet.

Using legacy is counter-productive. If there is no need to sign messages and bech32 is not accepted at some outdated service, nested segwit is the way to go.
There is no reason to use an old format which is more costly to spend from, just to use electrum.

OP, i'd recommend you choose a different wallet for nested segwit (transaction malleability fixed and lower fees compared to legacy), e.g. Wasabi.

you can still create a master private key using something else (like Ian Colman tool) and then import the yprv into your electrum and have the nested SegWit wallet type with addresses that start with 3.
you can also always open an issue on Electrum's Github repository and ask them to add this option with Seeds that Electrum generates itself so that you could choose it in initial step.

- it is worth knowing that nested SegWit transactions are a lot bigger than legacy transactions although you would pay less fee because of their smaller weight.

HCP
Legendary
*
Offline Offline

Activity: 1120
Merit: 1838

<insert witty quote here>


View Profile
September 06, 2019, 11:56:42 AM
 #17

I think you missed to read one of my last post. I did not use any seed from that website. I figured that just by typing random words and make a seed it works. You then use that random seed with recover wallet.
Just because you can do something, doesn't mean you should! The problems with this approach are:

1. Your "random" words are terrible entropy... making for a very weak seed that could potentially be bruteforced
2. Your "random" words won't adhere to the BIP39 standard, making it completely incompatible with 99.9% of wallets
3. Your "random" words won't be compatible with the BIP39 (or Electrum) checksum system, so you'll be unable to tell if you've made any mistakes when entering it/writing it down correctly.
4. If your words are not part of the wordlist, it'll make it harder to identify which word is "bad" if have written/entered it wrong.


In short, you are basically side-stepping ALL of the safeguards of the Electrum and BIP39 seed mnemonic systems! Shocked Shocked It should be fairly obvious at this point that this is a "Bad Idea"™

If you absolutely must have a Nested-SegWit wallet and you absolutely must use Electrum, then follow Abdussamad's guide properly... it's your best bet to get the solution you want, while minimising the risk of not being able to recover/restore the wallet in the future.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!