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Litecoin Segwit Or Legacy

Nano Ledger S - Litecoin Wallet?

Nano Ledger S - Litecoin Wallet?

I opened up the Ledger Manager (chrome app) and installed LiteCoin app, it appears on my Nano now. But i don't have an app in chrome://apps, like there's no Wallet app so i don't know how to use it. This support website : Seems to suggest i should open the "Ledger Wallet Bitcoin" chrome app... well i don't see how i can transfer funds to my LiteCoin wallet that way. Plus if i do that, i'm in the Bitcoin wallet on the Nano, and if i try to go anywhere else... i end up just getting prompted for the Nano PIN again. This Nano seems to really isolate stuff, like if i go from Ledger Manager (chrome app), and then try to open say "Ledger Wallet Bitcoin" (chrome app), the chrome app prompts me to connect my device again. I find i have to constantly unplug and re-connect the USB anytime i try and come out of something or open the "Ledger Wallet Ethereum" (chrome app). The whole thing is turning out to be an exercise in unplugging / replugging/ reinserting Nano pin.. this is not a well managed device from my POV. 12+ exclusive games The Bitcoin Casino by Primedice Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. I've never had those kinds of issues you're describing. The Bitcoin Wallet chrome app contains most of the altcoin wallets. To use Litecoin and most of the other altcoins (not Ethereum), you open the Bitcoin chrome app and the correct altcoin app on your ledger. So your steps would be to open the ledger Bitcoin chrome app, connect your nano s, unlock it, and open the litecoin app on your nano s. The window should then load on your computer and display the litecoin wallet. So your steps would be to open the ledger Bitcoin chrome app, connect your nano s, unlock it, and open the lite Continue reading >>

How To Buy Litecoin On Coinbase And Move It To Your Ledger Nano S

How To Buy Litecoin On Coinbase And Move It To Your Ledger Nano S

How to Buy Litecoin on Coinbase and Move it to Your Ledger Nano S The Crypto Dad shows you how to buy Litecoin on Coinbase and move it to your Ledger Nano S Find out more about Litecoin here: litecoin.org/ You can find the Ledger Nano S here: www.ledgerwallet.com/products/ledger-nano-s How to set up a Coinbase account: ru-clip.com/video/odV2XE0B6fo/.html How to enable 2-factor authentication on a Coinbase account: ru-clip.com/video/EAnM3hOiZCg/.html If you would like to get started buying Litecoin, one of the easiest ways is opening a Coinbase account. You can set up a set up a Coinbase account at: For IOS: itunes.apple.com/us/app/coinbase-buy-bitcoin-more/id886427730?mt=8 For Android: play.google.com/store/apps/details?id=com.coinbase.android&hl=en I highly recommend the Google Authenticator app for extra security on your Coinbase account: For IOS: itunes.apple.com/us/app/google-authenticator/id388497605?mt=8 For Android: play.google.com/store/apps/details?id=com.google.android.apps.authenticator2&hl=en It looks like there will soon be a solution to the problem with Coinbase and the SegWit support www.legalgamblingandthelaw.com/news/bitcoin-litecoin-segwit-address-support-activated-coinbase/ If you follow Crypto Dad advices step by step, you can't make mistake. Thanks Dad. Very helpful video. :) Was looking up the SegWit/Legacy issue on Reddit and came across a list from Bitcoincore.org of exchanges that are ready or preparing for Segregated Witness. Dont know how up to date it still is so feel free to correct any errors/old data If you dont have OCD you will after getting into crypto. I check my transactions over and over like a crazy person, nobody wants to be that guy who lost thousands, maybe more, because they were in La La land when they hit send. hi Cryptodad. Continue reading >>

How To Safely Move Litecoins After Recent Network Upgrades

How To Safely Move Litecoins After Recent Network Upgrades

How to safely move litecoins after recent network upgrades Subscribe to news alerts, airdrop alerts or strategy and security news. (Or all of that). Litecoin recently upgraded their network to get SegWit support and to enable the possibility of atomic swaps with BTC. Trezor wallet upgraded their wallets accordingly but most exchanges havent followed yet. Consequently, people have been having withdrawal issues recently and as customer support is nonexistent ( at least for plebs - traders who are not ultra high net worth ), you dont get to know what to do because the money coming from your trading fees obviously doesnt matter. Heres how to move litecoins around without losing them. P2SH stands for Pay to script hash. Segregated Witness accounts and multisig accounts use these addresses. After the litecoin network upgrade Trezor enabled LTC SegWit addresses . These are different from the old Litecoin addresses - the legacy ones start with L, the new ones with M or 3. When you try to withdraw to an M-address though, the exchange interface will mostly tell you its not a valid Litecoin address. Trezor offers an advice - you can convert the M-address into a 3-address , which is equivalent. Thats not the ideal way though - some platforms mess this up: Sending litecoins to your TREZOR? M-address refused? Use a 3-address. Please use the converter here to translate between them. Warning for Uphold.com Customers! Do not send litecoins from Uphold.com to a 3address generated in this way. Uphold will not send any litecoins to a 3-address. Instead, they will send you bitcoins, which you will not be able to spend! The solution is to send the LTC to your legacy account in your Trezor wallet. If this is the first time you are using Trezor you can still generate a new legacy account and Continue reading >>

Hundreds Of Bitcoin Cash Are Stuck In Segwit Addresses But There Might Be A Way To Get Them Back

Hundreds Of Bitcoin Cash Are Stuck In Segwit Addresses But There Might Be A Way To Get Them Back

Hundreds of Bitcoin Cash Are Stuck in Segwit Addresses But There Might Be a Way to Get Them Back Hundreds of thousands of dollars worth of BCH is languishing in segwit addresses. The funds were mistakenly sent there by users who have no easy way of differentiating segwit and non-segwit addresses. Retrieving the funds is difficult, but not entirely impossible, as p2sh.info s Antoine Le Calvez has revealed. Hes discovered whats believed to be the first successful bitcoin cash recovery, aided by the miners who confirmed the transaction. Also read: Amaury Schet Proposes New Bitcoin Cash Address Format for January 14 When bitcoin forked leading to the creation of bitcoin cash, woeful tales of funds sent to the wrong chain abounded. With bitcoin and bitcoin cash addresses indistinguishable, its an easy mistake to make. Provided the user holds the private keys to the destination wallet, however, retrieving the coins is relatively straightforward. Sending BCH to a BTC address on an exchange is a different matter. Without private keys, the customer is reliant on the goodwill and patience of the exchange to remedy the mishap. Some exchanges have done their best to help; some have shrugged it off as not being their problem; and then theres Bittrex, who said they would consider looking into such cases, but there would be an admin fee of at least 0.1 BTC. Sending BCH to a regular BTC address is unfortunate but not always fatal. But what happens when bitcoin cash is sent to a segwit bitcoin address? Thats when things get complicated. Legacy bitcoin addresses start with a 1, whereas segwit addresses generally start with a 3. (There are also segwit addresses that start with bc1, but well ignore them for now.) The trouble is that while segwit addresses start with a 3, not all addresses Continue reading >>

Legacy Or Segwit On Ledger Nano S

Legacy Or Segwit On Ledger Nano S

I am transferring over a small amount of BTC to my Ledger Nano S, however there is 2 options on the Ledger, Bitcoin Legacy OR Bitcoin Segwit. Are both supported everywhere ? Are both just as safe ? If I choose Segwit, will I get future Forks ?? If by SegWit addresses, you're referring to the ones that start with 3 then yes, nothing to worry about. I had my funds stored in SegWit addresses on Trezor and I did receive Bitcoin Gold fork so It should be the same thing for your Ledgerwallet. Yesterday I tried to use a Segwit address on Ledger Nano S, then tried to send some bitcoins from an exchange for testing, the site was telling me the address is not valid. Is there a possibility that some exchanges/web wallets don't support these types of addresses? Quote from: LeGaulois on December 07, 2017, 04:22:20 PM Yesterday I tried to use a Segwit address on Ledger Nano S, then tried to send some bitcoins from an exchange for testing, the site was telling me the address is not valid. Is there a possibility that some exchanges/web wallets don't support these types of addresses? It's possible, but strange. Segwit addresses are just pay to script hash (P2SH) addresses and have been in Bitcoin since the beginning. The exchange could be doing the wrong thing and only letting addresses start with a 1, which is not how Bitcoin addresses work. Quote from: LeGaulois on December 07, 2017, 04:22:20 PM Yesterday I tried to use a Segwit address on Ledger Nano S, then tried to send some bitcoins from an exchange for testing, the site was telling me the address is not valid. Is there a possibility that some exchanges/web wallets don't support these types of addresses? Yes, quite a few exchanges (and wallet provider) aren't supporting addresses starting with a 3 yet. Will probably still take so Continue reading >>

Ledger Releases Segregated Witness Support

Ledger Releases Segregated Witness Support

Ledger releases Segregated Witness support Segwit, the long awaited pack of optimizations to scale Bitcoin has been activated on August 24th. This article explains how can you use Segwit benefits with Ledgers hardware wallet products . In order to use Segwit optimizations, youll need to use funds stored on a Segwit address which uses a different format currently encoded as a multisigature (P2SH) address (starting with a 3 on Bitcoin mainnet) You can access your new Segwit addresses or legacy addresses (where you will find your current funds) when starting the Bitcoin Wallet Chrome application (from v1.9.0). As Segwit migration is fully opt-in, you can continue to use only legacy addresses. If you wish to upgrade, you can recreate the same account naming and structure on the Segwit branch, and move your funds from the legacy branch using Bitcoin transactions. As upgrading to Segwit addresses helps providing more block capacity for every user, its definitely recommended to upgrade. Note that the sender doesnt need to upgrade every wallet can natively send funds to a Segwit address. Segwit addresses are available for Ledger Nano S with no firmware update and Ledger HW.1/Nano with a firmware update to version 1.0.3 required Choosing the address type on Ledger BitcoinWallet If you do not wish to use Segwit, or if you are not sure about anything, just click on the LEGACY button and youll access and manage your accounts as it was before. When computing a Segwit signature, the previous transactions do not need to be processed by the device, and each input is only processed once during the signature process, leading up to a 60% time optimization in the signature process. Using a Segwit address is definitely recommended if you plan to collect small transactions such as mining re Continue reading >>

Kiezen Tussen Legacy Of Segwit

Kiezen Tussen Legacy Of Segwit

De kans is groot dat je op deze pagina terecht bent gekomen omdat je een Ledger hebt gekocht en moet kiezen tussen Legacy of SegWit. Of dat je al bitcoins op je Ledger had staan en nu ook deze onderstaande keuze krijgt. We hebben het artikel in twee keuzes opgedeeld, een als je Ledger helemaal nieuw voor je is en een als je al een Ledger in gebruik had. Heb je net een nieuwe Ledger Nano S of Blue gekocht en start je jouw Ledger dus voor de eerste keer op. Dan kies je altijd voor SegWit, zo maak je gebruik van de nieuwste adres vorm en dit scheelt uiteindelijk transactiekosten. Had je jouw Ledger al in gebruik en krijg je nu op eens de keuze tussen Legacy of SegWit. Dan kies je in eerste instantie voor Legacy, daar staan namelijk jouw bitcoins.Het is slim om over te stappen naar de nieuwe SegWit adressen en je oude bitcoins over te zetten naar je nieuwe SegWit wallet. Hetnieuwe adresformaat maken met verschillende voordelen: lagere kosten, snellere handtekeningen en een second layer solution. Continue reading >>

Litecoins New Segwit (p2sh) Addresses

Litecoins New Segwit (p2sh) Addresses

Litecoin changes the format of some of its addresses. L-addresses are non-P2SH (non-SegWit) addresses and they remain unchanged (Legacy Litecoin accounts). All addresses starting with 3 will now begin with M. (The entire address changes, not just the prefix.) This will not affect your litecoin holdings. 3- and M-addresses are freely convertible. Imagine this as a street being renamed both names still point to one location. TREZOR Wallet only accepts M-addresses as valid P2SH addresses. Please use the converter here to translate between 3- and M-addresses. Sending litecoins to your TREZOR? M-address refused? Use a 3-address. Please use the converter here to translate between them. Do not send litecoins from Uphold.com to a 3address generated in this way. Uphold will not send any litecoins to a 3-address. Instead, they will send you bitcoins. If you have done so already, please recover your coins using this tool . A brief guide to your new accounts.blog.trezor.io In order not to unnecessarily create confusion with Bitcoins P2SH addresses, Litecoin has changed the prefix of their P2SH addresses . Instead of beginning with a 3, Litecoins P2SH addresses will start with the letter M. As this is solely related to the derivation method of P2SH addresses from public keys, this does not affect your litecoin holdings in TREZOR. It will only affect you if you send litecoins to P2SH addresses, as you will have to use a different address. It might take an extended period of time until all vendors, services, merchants, etc. will adjust to this change. Many services continue to accept sending transactions to 3-addresses only, while TREZOR Wallet will give you M-addresses and sends only to M-addresses. In order to bypass these limitations, please use the converter between the two addre Continue reading >>

Ledger Nano S Questions: Different Wallets, Segwit Vs Legacy

Ledger Nano S Questions: Different Wallets, Segwit Vs Legacy

I just got my ledger nano s so I don't have to keep my crypto on the exchange. When you use the google chrome apps there is a bitcoin wallet, and an ethereum wallet, and manager. Then the Ripple wallet is a mac app not a chrome app. I want to make sure Im doing this correctly, then I'll be able to transfer some small amounts and make sure I'm transferring correctly. is this correct? -If I go to the bitcoin wallet app it tells me to unlock my USB and go into the desired app. - For Bitcoin Wallet you can use either Bitcoin or Bitcoin cash just select which app and which unit on the chrome app - For Ethereum or ethereum classic use the ethereum wallet. - If you go to the manager chrome app you can add and remove alt-coin wallets as needed. - Which chrome app do I use for the Alt-coins? Say litecoin for example? I can see litecoin on my USB but it doesn't open anything with either wallet app open also, what are the differences between legacy and segwit? From my initial research its that segwit is a new transaction process that has lower fees. Since I've never used legacy and don't have a wallet with funds using that process should Theoretically speaking, If I was to use 1 receiving transaction Segwit and 1receiving transaction legacy would the ledger split my funds in 2 separate wallets because of the different use? What is the Fido U2F on the USB? Reading I see its some sort of security feature. Do I need to keep that app on my USB? Continue reading >>

Sweeping Legacy Wallet To Segwit Wallet

Sweeping Legacy Wallet To Segwit Wallet

You are at: Home Questions Sweeping Legacy Wallet to SegWit Wallet I certainly hope Im not wasting your time, I have read you When import vs sweep acticle, but am not sure if I will be able to sweep an Exodus (Legacy Wallet) to a SegWit based Electrum Wallet. Please could you let me know if this is possible. I read the Exodus guide to exporting into Electrum found here: I note that it calls for you to import the seed using the m/44 derivation path. In order to generate a SegWit-compatible wallet however, its necessary to use the m/49 path. Im not sure if you can simply import the wallet as per the Exodus procedure but change that m/44 path to an m/49 path. Ive asked the Electrum developers (this is obviously something requiring a definite answer) and will get back to you soon once Ive found out. OK, Greg. Got a definite answer, please disregard my initial statement. If you export your private key from Exodus (see: , then create a new SegWit wallet in Electrum and sweep your private key. Note that you wont be able to receive funds from other wallets which arent bech32-ready. This is likely to be a temporary issue as other wallets are updated going forward. So if you transfer all your funds to an Electrum SegWit account, youll get the benefits of lower fees when making payments but receiving payments may be a problem. You can always continue to use your Exodus wallet or a standard Electrum wallet for receiving purposes. As a more complex workaround, Im informed that you can create a bip39 seed externally and import that using a bip49 derivation to have p2sh-segwit addresses. Let me know if you want to tackle that, it shouldnt be as bad as it sounds. Please login or Register to submit your answer Continue reading >>

Ledger Nano S Litecoin Und Segwit?

Ledger Nano S Litecoin Und Segwit?

Bei ffentlichen Computern nicht empfohlen habe seit ein paar Tagen einen Ledger Nano S. Darauf wollte ich eigentlich meine Litecoins drauf speichern. Nun fragt mich Ledger ob ich eine Legacy oder Segwit Adresse will. 1.Was genau ist der Unterschied, in Bezug auf Litecoin, von Legacy und Segwit? 1.1 Segwit hat ja "nur" geringere Gebhren und schnelle Transaktion Zeit? Gibt es konkretere vor oder nachteile? 1.2 Hat Legacy nachteile fr die Zukunft? Oder spielt das frs Hodln keine Rolle ob es auf Legacy oder Segwit Blockchain liegt? 2. Habe gehrt das Ledger Nano S Apps fr Google Chrome Mitte 2018 keinen Support mehr seitens Google bekommt? Ist schon etwas bekannt was Ledger nun Entwickelt oder wie sie damit umgehen? 3. Sind die Coins wirklich sicherer auf einen Ledger Wallet? Der Nano S Wallet baut ja eine Verbindung mit den Ledger Server auf - knnte ja passieren das Ledger mal Opfer eines Hackerangriffs wird? Habe die letzen paar Stunden bissl gegoogelt und sehe da "fast" das selbe Risiko wie auf Plattformen wie Coinbase, Bitfinex etc. (Auer natrlich das es sich bei den Plattformen um Exchange Konten handelt) Letzte Frage die sich fr den einen oder anderen etwas Doof anhrt. Hat Litecoin ihre eigene Blockchain oder luft Litecoin auf der Bitcoin Blockchain? Dachte immer Litecoin ist eine andere Blockchain, aber nun seit dem ich bei Ledger Nano S Segwit und Legacy gelesen habe bin ich mir da nicht mehr so sicher. zu 1.) um den Unterschied ganz kurz zu erklren ohne unntig ins Detail zu gehen: es sind unterschiedliche Adressen. Die alten "Legacy" Adressen gehen direkt auf die Blockchain und "Segwit" Adressen gehen auf eine Nebenchain. Dies ist ein Konzept was an das alte Konzept "angeklebt" wurde. Wenn du die Litecoins nur halten willst spielt das wirklich keine Rolle. Die Frag Continue reading >>

Litecoin Wallet Access Problem With Ledger Nano S [solved]

Litecoin Wallet Access Problem With Ledger Nano S [solved]

yesterday I had some strange issues regarding my Ledger Nano S hardware-wallet. While trying to open the Litecoin wallet with the Bitcoin Chrome application, synchronization took forever and I never reached the wallet. I checked the Ledger knowledge base and found some tips to solve this: check that you do not have any firewall or security program which would block our servers I tried out all of this and also reinstalled the Litecoin app on the Ledger, but nothing helped. At least I was still able to access all the other wallets (like Bitcoin and Ether). So I went to sleep and had some really bad nightmares about loosing all my coins. But this morning I tried opening the Litecoin wallet again. And guess what? When opening the Litecoin wallet I ended up being on a "Bitcoin Test" - Blockchain and the same thing happened when I was trying to open the Bitcoin and Bitcoin Cash wallets. I was very short before heart attack and opened up the support form on the Ledger-site, but what I read there wasn't so funny either: Due to a phenomenal number of messages since the Bitcoin fork, you'll likely receive an answer within 2 to 3 weeks (Monday-Friday CEST). The best way to fix your issue is most of the time to read our guides and FAQ on . Before I really went mad, I had just one more idea: I headed over to reddit and found the Ledger wallet subreddit . I instantly felt a great relieve when I noticed, that I wasn't the only one having exactly the same issue. Finally it turned out to be a build issue of the Ledger Bitcoin Chrome extension. Ledger just updated the extension to be able to handle the Bitcoin-Segwit addresses, but that somehow disabled the Litecoin wallet. All I had to do was manually updating the Chrome extension to Version 1.9.2 by going to chrome://extensions/ and m Continue reading >>

Ltc Segwit Or Legacy Address?

Ltc Segwit Or Legacy Address?

I was trying to transfer some LTC from Binance to my Ledger Nano S. As you know, there are Legacy chain and Segwit chain. Binance doesnt allow the transfer from LTC to a Segwit address (starts with M) but allows for transfer to a Legacy address (starts with L). Is there a way I can transfer to a Segwit address by converting the M address? I saw this discussed on forum, where a user suggested converting the address here: But no one seems to have tested it out, so Im wondering what thebitcoin.pubs thoughts are on this. sounds pretty risky. litecoins fees are so small that yo can just send it to legacy, then transfer it from your legacy address to the segwit address. Does anyone else have any inputs? This seems like an important issue, but no one seems to know. Isnt everyone supportive of segwit? If so, why still rely on Legacy chain? I know LTC legacy fee is still low, but as the price increases, the small fee will eventually not be as negligible anymore. Read somewhere that the legacy addresses point to the segwit addresses. Same goes for the other way around, segwit to legacy. Apparently, not a lot of exchanges have implemented the auto-conversion, which they should. I would try sending a small amount to the converted address just to test. Continue reading >>

Using Ledger Nano S: Gdax Does Not Support Ltc Segwit Wallet

Using Ledger Nano S: Gdax Does Not Support Ltc Segwit Wallet

So, Ledger released support for Legacy and Segwit LTC wallets. Using a Segwit Wallet enables you to have lesser fees. In order to use Segwit optimizations, youll need to use funds stored on a Segwit address which uses a different format. You can access your new Segwit addresses or legacy addresses (where you will find your current funds) when starting the Bitcoin Wallet Chrome application (from v1.9.0). As Segwit migration is fully opt-in, you can continue to use only legacy addresses. If you wish to upgrade, you can recreate the same account naming and structure on the Segwit branch, and move your funds from the legacy branch using Litecoin transactions. The caveat here is that GDAX does not support the Segwit wallet yet. It will say that your LTC address is not recognized. So what youll need to do is to transfer from GDAX to your Legacy Litecoin wallet, and then move your funds from your Legacy wallet to the receiving address of your Segwit wallet. Its a little tedious, but since Segwit isnt fully embraced by all wallets and exchanges, well have to work around it. Continue reading >>

Ltc And New Ltc Segwit Addresses

Ltc And New Ltc Segwit Addresses

You may have heard of the new LTC SegWit address format, and we have too. Due to this new update, we want to clarify what types of addresses ShapeShift can and cannot utilize. Litecoin has recently updated the prefixes of theirP2SH addresses that begin with a '3' to addresses that begin with an 'M.' This change was made to stop confusion between BTC and LTC's P2SH addresses, which used to be able to have the same '3' prefix. This does not affect all LTC addresses, as the 'L' prefix LTC legacy addresses (non-SegWit) will stay the same. ShapeShift currently is able to send LTC to addresses which begin with an 'L' or a '3' only.We currently do not support "M" addresses. If your wallet provider only creates the newer LTC addresses for your coins and you would like to use ShapeShift's services to receive LTC, we recommend trying a wallet from one of theseintegration partnerswe know that use ShapeShift compatible LTC addresses: Continue reading >>

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