Fees on LBC and segwit

What are the current fees to get money out of LBC in a timely manner? Also, anyone wanna help me out with info in segwit? I have electrum 2.7.9. Can I incorporate them or is it a competely different wallet? I havent been around like I've usually been so Im a little behind. Help a drug brother out.


Comments


[3 Points] Vendor-Bubblehash:

try my guide once you have downloaded version 3.0.5 Now is the time to transfer your dust to a segwit wallet. I just sent a 10 cent tx

Did you know you can use an existing electrum seed to generate a segwit wallet? I used a wallet that had zero BTC. The process is simple. Go to

"new"  

then select

"next: (name it something like the "segwit") 

then select

"standard wallet"  

then select

"I already have a seed"  .  

Enter the seed, but then select

"options"  

Select

"Bip 39"  

then for derivation path put

m/49'/0'/0'

Then you'll have segwit addresses that start with a "3" these addresses can send to legacy addresses or to Bech32 (no one is really using bech32 yet, but electrum will generate those)

A segwit transaction is:

segwit address to segwit address

or segwit to legacy

However legacy to segwit IS NOT a segwit tx and you will not benifit from the savings. Segwit txs are smaller so you'll pay less fees AND you won't clog up the memepool.

You can also use this with creating a new seed and getting a SEgwit wallet that interacts with legacy and segwit wallets

and this

https://www.reddit.com/r/Bitcoin/comments/7pkqn9/day_9_i_will_post_this_guide_regularly_until/


[1 Points] Magicpurpleponyrider:

Lbc transaction fees are flat rate I'm sure. Once you have it in electrum then you can choose your transaction fee


[1 Points] aorshahar:

Update to electrum 3.0.5.


[1 Points] throwawayjoerogan:

it says how much the transaction fee is


[1 Points] birdsinthetrapx:

I could be stupid, but LBC wouldn't let me send bitcoins to a segwit address last week - kept saying that the address wasn't valid.