Post
Topic
Board Electrum
Merits 8 from 3 users
Re: Why Are Electrum Addresses SegWit?
by
Charles-Tim
on 23/03/2025, 15:54:01 UTC
⭐ Merited by pooya87 (4) ,hosemary (2) ,ABCbits (2)
Segwit is an upgrade in a way people need not to use legacy address anymore. It has cheaper fee. If you send from segwit to segwit, you will save 42% on fee and up to 52% or so depending on the inputs and outputs in the transaction.

Are fees higher if I send from SegWit to legacy addresses?
The fee reduction will still be up to 41%.

You can still import legacy address on Electrum wallet. If you are using a computer, you can still use a command to generate legacy address through the console.