Addresses that begin with 3 in Trezor

VitKoyn

full member

Activity: 490

Merit: 106

Quote from: peteh on November 14, 2017, 11:13:33 AM

Hi...I notice that all my addresses in my Trezor begin with, in the main with a 3. I now understand that such addresses are particular to a multisig wallet. My Trezor is not multisig. Any idea why?

Thanks

If you are running the latest version of Trezor firmware which is 1.5.2 it already supports Segwit and segwit accounts uses P2SH address that starts with 3 but it is not a multi signature, while the legacy account still starts with 1. If you don't like to use Segwit accounts or address you can still use the old legacy address. But I think Segwit account have more faster and cheaper transaction fees than Legacy so better use the new one. Take time to read this https://blog.trezor.io/rolling-out-trezor-wallet-segwit-segregated-witness-5700269debc5

Iranus

hero member

Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

Addresses beginning with three are P2SH addresses.

In this case, your TREZOR is using it for accepting SegWit transactions.

TREZOR has SegWit transactions on new wallets by default. You can also continue to use your "legacy" wallets (in which you have P2PKH addresses beginning with a 1), if you don't wish to use SegWit.

Vatimins

sr. member

Activity: 987

Merit: 289

Blue0x.com

Quote from: peteh on November 14, 2017, 11:13:33 AM

Hi...I notice that all my addresses in my Trezor begin with, in the main with a 3. I now understand that such addresses are particular to a multisig wallet. My Trezor is not multisig. Any idea why?

Thanks

Damn. It is quite humiliating to confess about it but, I am also wondering about the same issue. I am curious as to why all my new addresses start with three. When my 1st didn't. I don't think it is a problem though, but still, i just can't help but worry. I guess it's because i tend to become too over paranoid when it comes to my investments. That is why i am worrying i will be watching this thread for some good answers from other people.

jacobmayes94

sr. member

Activity: 364

Merit: 250

All new segwit addresses start with a '3', i think. It doesn't have to be a multisig address

peteh

newbie

Activity: 2

Merit: 0

Hi...I notice that all my addresses in my Trezor begin with, in the main with a 3. I now understand that such addresses are particular to a multisig wallet. My Trezor is not multisig. Any idea why?

Thanks

Topic: Addresses that begin with 3 in Trezor (Read 205 times)