So, as I thought, I need to wait for sites and payment providers to accept SegWit standard. IMO they should do it when SegWit was released to public network... 
Topic: SegWit compatibility on old sites and other wallets? (Read 292 times)
Thank you very much for this! So, as I thought, I need to wait for sites and payment providers to accept SegWit standard. IMO they should do it when SegWit was released to public network...
So, as I thought, I need to wait for sites and payment providers to accept SegWit standard. IMO they should do it when SegWit was released to public network... 
Since someone already answered this question, I'm just going to quote a post by @PVminer here (100% credits to him):
This is a native segwit standard (so called bech32 address using P2WPKH) but this is not yet supported by merchants or other wallets. The addresses starting with 3 are P2SH addresses. They can specify many things, including segwit embedded inside P2SH (P2SH-P2WPKH). I figured out how to create such a wallet in Electrum (use BIP39 seed and m/49'/1'/0' derivation path) but it may be better to wait for some more official tutorials.
Unfortunately, segwit wallets are not standardized yet and there might be problems with importing/exporting keys between wallets.
The address is valid but not yet supported by many Blockchain explorers and services with an address validator (e.g: Blockchain.info, Blockcypher...)
I just created a new segwit wallet but my new address start with bc1*************** and not with 3*********
Why?
Why?
This is a native segwit standard (so called bech32 address using P2WPKH) but this is not yet supported by merchants or other wallets. The addresses starting with 3 are P2SH addresses. They can specify many things, including segwit embedded inside P2SH (P2SH-P2WPKH). I figured out how to create such a wallet in Electrum (use BIP39 seed and m/49'/1'/0' derivation path) but it may be better to wait for some more official tutorials.
Unfortunately, segwit wallets are not standardized yet and there might be problems with importing/exporting keys between wallets.
The address is valid but not yet supported by many Blockchain explorers and services with an address validator (e.g: Blockchain.info, Blockcypher...)
Hello, as Electrum 3.0 came out I downloaded it and created SegWit wallet. I did this because I heard that SegWit makes fees very low and transactions will go faster. And now I've got confused - addresses look totally different, like this: bc1qy4veh20************6n4xt99swt7qvjr, like all of these look this way.
They are longer and start with bc. Why is it like this? If I will paste address like this in site and the site won't recognize this address as Bitcoin address? Am I supposed to create old version wallet then? I'm confused, excuse me if there are any grammar errors.
They are longer and start with bc. Why is it like this? If I will paste address like this in site and the site won't recognize this address as Bitcoin address? Am I supposed to create old version wallet then? I'm confused, excuse me if there are any grammar errors.
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