Re: Exchanges dont allow third party transfer, a friend cant send btc to my wallet?
Can you tell us what is the name of that third-party wallet that you meant? I have doubt that because of the address, there are some third-party exchange/wallets that don't support transferring Bitcoin using the SegWit address from the Legacy address and I experienced this already.
If your friend wallet address starts with "1" and assuming you're using SegWit address wallet which is start with "bc1", they aren't compatible which is you can't transfer your Bitcoin from Legacy to SegWit address, but in SegWit to Legacy, you can.
However, don't mind the hackers.
They're smarter than us, the only one that could protect us is we should hold and have control in our private key and keep it safe.
If I'm wrong, please comment with further explanations.
Thanks forreplying. If your friend wallet address starts with "1" and assuming you're using SegWit address wallet which is start with "bc1", they aren't compatible which is you can't transfer your Bitcoin from Legacy to SegWit address, but in SegWit to Legacy, you can.
However, don't mind the hackers.
They're smarter than us, the only one that could protect us is we should hold and have control in our private key and keep it safe.
If I'm wrong, please comment with further explanations.
My question was more of a general nature and from the replies I think that the exchange meant funding a new wallet with fiat money.
But I will look into this incompatible issue you mentioned and should I run into this issue I will come back here.