Post
Topic
Board Electrum
Re: Segwit addresses on Electrum
by
corsaro
on 13/12/2017, 09:15:34 UTC
Why is it that when trying to create a segwit address, Electrum is providing me a receiving address starting with bc1 and not 39 like my Trezor does? Reading the rest of this thread it looks like I have to create a segwit address somewhere else and then import it into Electrum?
Electrum only supports the creation of bech32 Segwit Addresses (the one starting with bc1) and Legacy Addresses (starting with a 1). For now, the bech32 addresses aren't supported in many places, which means that most services won't allow you to withdraw to this kind of address - which is why it's not recommended to use this kind of address until people start supporting them.

Read the previous posts to know how to create and import a Segwit wallet that generate addresses starting with a 3 (not 39) in Electrum;

And will that be view only? Thanks!
If you import with the seed, you will be able to spend the coins.


yes, right..

to have segwit addresses starting with a 3 in Electrum just follow these simple steps:

1) generate a bip39, 12 words seed on https://iancoleman.io/bip39/ (use it offline for more security)
2) on electrum choose, File -> New/Restore -> Standard Wallet -> I already have a seed -> click on "options" and choose bip39, write the seed then click next
3) on derivation path path use: m/49'/0'/0'/0

that's all. Remember to save in a safe place the seed as electrum will not show it (read below)