Post
Topic
Board Beginners & Help
Merits 5 from 3 users
Re: Legacy to Segwit Wallets
by
hosseinimr93
on 18/03/2021, 00:02:20 UTC
⭐ Merited by o_e_l_e_o (2) ,bitmover (2) ,Charles-Tim (1)
Nested segwit (3-prefix addresses) can reduce the fee up to 26%
Native segwit (bc1- prefix addresses)  can reduce the fee up to 42%
Just a small correction:
Using native segwit addresses, the transaction fee can be decreased even by more than 42%.

The transaction fee is decreased by 26% when there are 1 P2SH input and 2 output.
The transaction fee is decreased by 42% when there are 1 bech32 input and 1 outputs.

For example, size of a transaction including 10 native segwit inputs and 1 output would be about 722 vbytes and 1524 bytes. That's more than 52% reduce in transaction fee.

PS.
I used bitmover's tool for calculations above.