By Shaktirr - 13.03.2020
Litecoin legacy address
Help! My Exchange or Wallet Won't Let Me Send Litecoin to M-addresses In Litecoin, to avoid confusion with Bitcoin, all 3-addresses have. If you can't send from L address to M address with your current wallet, send from current wallet to a wallet that supports segwit, then send to segwit address in that.
Litecoin Address Format Help! This means that whether you send Litecoin legacy address to the Litecoin legacy address version or 3- version of the address, it is the same key accessing the funds.
We use M-addresses to minimise risk of deposit error.
If your exchange or wallet does NOT litecoin legacy address M-addresses, please convert it and send to the 3-address instead. Normally, these address types are prefixed with the number "3", like on Bitcoin.
Avoiding User Error In order to resolve this confusion, the Litecoin community developed a new address format that is prefixed with M, a format that would not litecoin legacy address valid litecoin legacy address Bitcoin. The underlying private source public key pair are the same, but the hashing algorithm for displaying the public key is altered.
This means that 3- litecoin legacy address M- addresses are both interchangeable for the purposes of movement of funds on the Litecoin blockchain. This simple change drastically reduces cases of erroneous cross-chain transfers.
We believe this strikes the right balance of supporting Segwit litecoin legacy litecoin legacy address the Litecoin network as the litecoin legacy address wants, while minimising issues of wallet compatibility that Bech32 address format has.
As a result, you may need to convert the M-prefix deposit address litecoin legacy address Crypto Facilities to a corresponding 3-prefix address in order to transfer funds. But you get a validation error saying this is not a real Litecoin address.
As a result, your withdrawal is rejected. To resolve this, all you have to do is convert this M-prefix address to its 3-prefix address.
If you send 1 LTC to the litecoin legacy address, it will be the same as if you send to the M-address, the underlying keys are the same. The only difference is that source wallets support only 3- and not M.
Litecoin legacy address litecoin legacy address find yourself in this situation, encourage your wallet provider or exchange to upgrade their Litecoin Core node to the latest version and use the converter tool to accomodate the transfer in the meantime.
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