Post
Topic
Board Bitcoin Discussion
Re: Bitcoin sending fees... are you serious?
by
shoreno
on 16/12/2017, 09:21:11 UTC

I don’t know about the others, but Electrum 3.0 does support Segwit.  You will need to create a new Segwit wallet.  By default, Electrum will give you the new address format with error-correcting codes; those addresses will start with the letters “bc”, and only people with Segwit-enabled software will be able to send money to them.  There are also backward-compatible Segwit “3” address, such as the address you see in my signature; anybody can send money to that, even with old software.  There is a method to make Electrum generate that address type, but it is somewhat more involved; perhaps one of these days, I should write up userfriendly instructions and post them in the Electrum forum.


really? then thats cool. thanks for the verry informative coment. im also using an electrum wallet but i didnt know what versions i currently used but now im gonna update my version to 3.0 to be able to support and use that segwit feature in order for me to enjoy lesser transaction fees and faster transfer time when compared to some wallets that doesnt support this segwit option. although some wallets like coinomi and blockchain are still have an option to adjust your desired fees whether you want low or high priority.