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pooler / electrum-ltc

Electrum-LTC Litecoin wallet
https://electrum-ltc.org
MIT License
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Can't Generate a Legacy Wallet? #299

Open ghost opened 1 year ago

ghost commented 1 year ago

[ Wallet Version: 4.2.2.1 AppImage ]

So when folloing the steps to create a new wallet there is no option after selecting Standard Wallet that prompts you if you want it to be segwit or legacy like the Electrum BTC Wallet does.

I looked around and found in https://github.com/pooler/electrum-ltc/issues/170 and https://github.com/pooler/electrum-ltc/issues/236 some things...

In issue #170 it mentions a converter:

https://litecoin-project.github.io/p2sh-convert/

I tried my standard wallet legacy adress starting with ltc

(no uppercase and lowers, just lowercase whole address)

After putting Address in converter I get "please enter a valid address."

In issue #236

@pooler Pooler (Febuary 2020) says:

When creating a wallet you have to choose between Segwit and Legacy, and Electrum-LTC shows this warning:

Segwit wallets use bech32 addresses, defined in BIP173. Please note that websites and other wallets may not support these addresses yet. Thus, you might want to keep using a non-segwit wallet in order to be able to receive litecoins during the transition period.

This never comes up for me and I am on latest appimage ^ (as mentioned above) ^

I verified the GPG signature verification of the wallet following steps on site so the signature was good.

Anyway can you no longer generate Legacy wallets in Electrum-ltc wallet?

If you can what is the workaround or what am I doing wrong?

I see a console (terminal) option in wallet so maybe that is it?

Lasty most exchanges whether it be Online or a Crypto ATM's only work with Legacy addresses when buying LTC and learned this the hard way.

pooler commented 1 year ago

Since version 4.1.0 of Electrum, the wallet creation wizard no longer asks for a seed type, and creates segwit wallets with bech32 addresses. Older seed types can still be created with the command line, or via the console tab with:

make_seed(seed_type="standard")

This will display a new seed which you can then use to "restore" a fresh legacy wallet.

ghost commented 1 year ago

@pooler

So I used the console and put in command make_seed(seed_type="standard")and it generated new seed.

Then proceded to create new wallet and imported/restored with seed generated from console and it worked. 👍

[Created Address with Uppers and Lowers case] aka Legacy

Thanks

Is this console command documented on the site?

In Closing the issue, if its not documented make_seed(seed_type="standard") it should be added on site and Wiki to safe people the hasle when trying to buy LTC and address not working cause its not Legacy to begin with.

pooler commented 1 year ago

I agree this should probably be better documented, even upstream. Googling the issue mostly returns results for unofficial (although helpful) pages: https://bitcoinelectrum.com/creating-an-electrum-wallet/ https://www.reddit.com/r/Electrum/comments/mku14h/how_do_you_create_legacy_wallet_from_command_line/

I think it might even be a good idea to revert the change to the wallet creation wizard in future releases of Electrum-LTC, given how bech32 addresses are still not widely supported.