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can i transfer bitcoins from my exchange(Koinex) which has address starting from 1xx... to a ledger nano s segwit address starting with 3x.... ?

Although coinbase is not my exchange i am talking about, I have heard like coinbase is currently not supporting segwit , what does that exactly mean ?

PS : I have raised a ticket for same to ask my exchange support , is there anything else that i should be aware of in this scenario to transfer my coins from exchange to ledger wallet ?

TIA

user13579
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1 Answers1

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Yes, you can.

The transaction will just not be a SegWit transaction, and not receive its benefits (including lower fees for a given confirmation speed).

Pieter Wuille
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mrtechmaker
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