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Greeny 2y ago

Why do my addresses not start with bc1? In my jade wallet is this normal?

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poe😱 2y ago

There are Legacy and Native Segwit "accounts"

Native Segwit are the bc1addresses.

This has confused me before when setting it up

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Greeny 2y ago

What’s the difference between legacy and native??

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poe😱 2y ago

Native Segwit saves on fees slightly for on chain transactions, I've never actually used Legacy aside from maybe really early on with some hot wallets.

Something to do with, batching, enabling L2 like lighting and reducing transaction size to save on fees... But. I'm really not technical enough to fully answer that.

Native Segwit (bc1) is what I generally use for my on chain withdrawals.

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Greeny 2y ago

Can I switch it back to native?

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Gerardo 2y ago

I don’t have jade but it sounds like you created another address that isn’t segwit if yours starts with a 3 tho you should be fine

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Greeny 2y ago

It’s legacy segwit

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The Daniel 🖖 2y ago

Legwit.

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d34e832d... 2y ago

It is easier for exchanges to batch it is with legacy

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d34e832d... 2y ago

Easier for an exchange to batch multiple utxos with legacy