Sending bitcoin from a Bech32 (native SegWit) address will require a lower fee compared to sending an equivalent transaction from a legacy (non-SegWit) address. Bitcoin previously received to Legacy addresses in your wallet will remain on those addresses until you send it.
Should I use SegWit or native SegWit Ledger?
Compared to SegWit, Native SegWit is more weight-efficient, transaction fees are faster, offers better scalability, and is available at lower transaction fees for every Bitcoin transaction.
Can I transfer BTC from SegWit to legacy?
Another advantage of SegWit is that they are backwards compatible, meaning that you are able to send funds from a SegWit address to a Legacy address.
How do I transfer bitcoins to Ledger Nano?
- Open the Ledger Live app.
- Select a crypto account.
- Click Receive to generate a deposit address with your Ledger device.
- Review the address on your Ledger device.
- If the address displayed on Ledger Live matches the address on your device, press both buttons simultaneously to approve it.
Which Bitcoin address type should I use?
What bitcoin address should I use? Most bitcoin wallets default to bech32 (native segwit) addresses, which saves the highest amount of transaction costs. If your wallet let's you choose which type you want to use, you should use native segwit addresses.
What is the difference between a Bitcoin address and a Bitcoin wallet?
Wallets contain a public key (the wallet address) and your private keys needed to sign cryptocurrency transactions. Anyone who knows the private key can control the coins associated with that address. There are several different types of wallets, each with its own features and levels of security.