Adding an old address to an existing Electrum wallet
Electrum is a popular open-source bitcoin wallet that provides an easy and secure way to manage your funds. The wallet offers several address types, including SegWit (bech32), SegWit (p2sh) and Legacy (p2pkh). While SegWit offers improved transaction speed and lower fees, some exchanges and services still do not support SegWit addresses. In this article we will explain how to add a legacy (p2pkh) address to an existing Electrum wallet.
Open Electrum and navigate to the Addresses tab
Open your Electrum wallet and navigate to the Addresses tab. Here you can see your existing addresses.
Create a legacy (p2pkh) address
Click the New button to create a new address. When prompted to select an address type, select “Legacy (p2pkh)”. This will ensure that Electrum generates a legacy bitcoin address.
Once you have selected “legacy (p2pkh)”, select a label for the new address and click “OK”. Your new legacy address will now appear in the address list in your Electrum wallet.
Using your new address for bitcoin transactions
You can now use your new legacy address to receive bitcoin from exchanges or other wallets that do not support SegWit addresses. To receive bitcoin, simply provide your new legacy address to the sender.
Remember to keep your private key safe and secure in case you need to recover your funds in the future. You may also want to consider using a hardware wallet, such as a Ledger device, to store your private keys for added security.
Adding a legacy (p2pkh) address to an existing Electrum wallet is a simple process that can be done in just a few clicks. While SegWit addresses offer improved transaction speed and lower fees, it is important to have access to legacy addresses when needed. With Electrum, you can easily manage and store your bitcoin funds across different address types, giving you more flexibility and control over your digital assets.
How do I add an old address to an existing Electrum wallet?
To add a legacy address to an existing Electrum wallet, you can follow these steps
Open Electrum and go to the Addresses tab.
Enter a label for the new address and select “Legacy” as the address type.
Click OK to create the new address.
The new legacy address will now appear in your address list.
Does this process work with a Ledger hardware wallet?
Yes, this process will work with a Ledger hardware wallet. When you add a new address to your Electrum wallet, it will also be stored on your hardware wallet. Remember to connect your Ledger hardware wallet before adding a new address to your Electrum wallet.