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What is a legacy address?

Legacy Addresses: Format: Legacy addresses start with the number '1'. For example, "1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa" is a Legacy address. Size: Transactions from Legacy addresses tend to be larger in size, which means they take up more block space.

How to setup electrum wallet to legacy address?

Go to address tab and grab the legacy address for withdrawal. This is how you setup Electrum wallet to Legacy. Now what if you want a nested SegWit wallet with addresses starting with 3.

How do I generate a legacy address?

To generate a Legacy address: Log into your wallet via web-browser. Select Bitcoin and click on Manage button on the right of the DeFi Wallet to which you would like to receive Bitcoin to. A new Legacy address will now be displayed under Unused Addresses.

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